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A ship carrying more than 3,000 cars to Mexico was abandoned in the middle of the Pacific Ocean after catching fire June 3, highlighting a growing risk to the transportation of electric vehicles.

Automakers in the U.S. and Europe raised concerns about China’s export controls on rare earth metals, as Beijing’s move threatens to disrupt global car production.

The U.S. agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on U.S. goods by the same amount to 10%.   

Greek yogurt giant Chobani will build a 1.4 million-square-foot facility in Oneida County to make 1 billion pounds of dairy products annually, New York Gov. Kathy Hochul announced.

A widely followed measure of Texas manufacturing activity weakened as executives used words like “chaos” and “insanity” to describe the turmoil spurred by President Donald Trump’s tariffs.

Since the U.S. raised levies on China to 145% in early April, cargo shipments have plummeted. That drastic reduction in goods hasn’t been felt by many Americans yet, but that’s about to change.

President Donald Trump’s administration pressed forward with plans to impose tariffs on semiconductor and pharmaceutical imports by initiating probes led by the Commerce Department.

After a year of modest growth in 2024, third-party logistics providers are facing uncertainty for the future with volatile economic conditions expected to persist.

Logistics companies are prioritizing flexibility and resilience at a time when global trade patterns are shifting and the next supply chain disruption may be right around the corner.

Trucking companies along the southern border faced increased freight and heightened uncertainty as the threat of tariffs loomed over the first quarter, according to industry experts.