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Pony AI Raises $413M, Shares Surge in Nasdaq Debut

With Pony’s offering, Chinese companies have raised $1.2 billion via U.S. IPOs this year, nearly double the amount in the same period in 2023 but below the heights seen during the pandemic.

November 27, 2024

Consumer Spending Powers Q3 US GDP Growth to 2.8%

Gross domestic product increased at a 2.8% annualized pace in the third quarter, the second estimate of the figures from the Bureau of Economic Analysis showed Nov. 27.

November 27, 2024

Trucking Cares Supports N.C. Recovery With $50K Donation

The largest donation in Trucking Cares Foundation history will help hospital workers in western North Carolina rebuild their own lives while they serve their storm-ravaged community.

November 27, 2024

NMFTA’s LTL Freight Classification Updates Coming July 2025

The National Motor Freight Traffic Association has set July 19, 2025, as the date it will launch its updated less-than-truckload freight classification system.

November 27, 2024

Federal Reserve Officials Signal Cautious Path for Rate Cuts

WASHINGTON — With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves.

November 26, 2024

Capitol Christmas Tree Arrives in Washington From Alaska

A massive spruce from an Alaskan forest, chosen to be the Capitol Christmas Tree, arrived in Washington on a new flatbed trailer, accompanied by two veteran truckers from Lynden Transport.

November 26, 2024

Citigroup: Trump Tariffs to Drive Up Aluminum, Steel Prices

President-elect Donald Trump’s plan to impose 25% tariffs on all goods from Canada and Mexico will push up steel and aluminum prices across the U.S., according to Citigroup analysts.

November 26, 2024

Stellantis Might Shutter UK Van Plant Over EV Rules

Stellantis had already threatened to pull the plug on its U.K. operations, warning about the impact of what it says are the country’s too stringent EV targets.

November 26, 2024

US Consumers More Confident About Jobs, Economy

A gauge of present conditions increased to an eight-month high. The group’s measure of expectations for the next six months edged to an almost three-year high.

November 26, 2024