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Trade Tensions Put American Crop Exports in Jeopardy

“Mexico could put their own import tariffs on — that could reduce the U.S. freight advantage. It’s a matter of how fierce the trade war gets,” said Pat Boova.

March 5, 2025

Cummins Launches X10 Engine Platform

Cummins continued to overhaul its engine options for medium- and heavy-duty trucks, unveiling the X10 engine platform and a B-Series engine update in recent days.

March 5, 2025

Canada Won’t Scrap Tariffs Unless All US Levies Are Lifted

Prime Minister Justin Trudeau is not open to lifting Canada’s full package of retaliatory tariffs if U.S. President Donald Trump leaves any tariffs on Canada in place.

March 5, 2025

DOE Withdraws Biden-Era Rule, Approves LNG for Vessel Fuel

The Department of Energy has given the OK for vessels to use liquefied natural gas as a fuel by withdrawing its past Biden-era order that created a roadblock for a small Florida company.

March 5, 2025

Trump Approves Permit Extension for Exxon’s Golden Pass LNG

The Trump administration extended a permit for the Golden Pass liquefied natural gas export project co-owned by QatarEnergy LNG and Exxon Mobil Corp.

March 5, 2025

Geely Signs $2.5 Billion Loan to Refinance Volvo Truck Deal

Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group  has obtained a syndicated loan to refinance borrowings related to its 2018 acquisition of a stake in Volvo AB.

March 5, 2025

Saudi Aramco Might Bid for BP’s Castrol Lubricant Assets

Saudi Aramco is considering a potential offer for BP's Castrol lubricant assets, as the Middle Eastern company pushes for acquisitions that deepen its reach in oil consuming countries.

March 5, 2025

Trump to Decide on Canada, Mexico Relief Today, Lutnick Says

President Donald Trump is set to announce changes to the tariffs on Canada and Mexico, with potential relief for autos and other sectors, Commerce Secretary Howard Lutnick said March 5.

March 5, 2025

Shipping Executives in Crisis Mode Over Tariff ‘Earthquake’

Global shipping executives gathered this week in Long Beach, Calif., for a major annual conference, then found themselves in crisis mode. 

March 5, 2025