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, 2025Government, Business
Canada Won’t Scrap Tariffs Unless All US Levies Are Lifted
Government, Business, Fuel
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, 2025Government, Business, Fuel
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, 2025Business, Equipment
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, 2025Business, Fuel
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, 2025Government, Business, Equipment, Logistics
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, 2025Government, Business, Logistics
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.Â
March 5, 2025Government, Business, Safety, Fuel, Logistics
N.C. Reopens I-40 Section Closed Since September Hurricane
A stretch of I-40 that serves as a freight route between North Carolina and Tennessee has partially reopened after a monthslong shutdown caused by storm-related damage from Hurricane Helene.
March 4, 2025Government, Business, Logistics
Trump’s Trade Policy Sparks Worries Over Food Prices
Plans to impose duties on American agriculture imports will boost the price of fruit and vegetables as well as sugar, coffee and meat. Executives have said consumers are pinching pennies.
March 4, 2025Government, Business, Fuel
Trump’s Oil Tariffs Set to Reshape Global Trade Flows
The world’s supply lines for cargoes of oil and fuel, which typically crisscross the globe, are about to get redrawn thanks to U.S. President Donald Trump’s sweeping tariffs.
March 4, 2025