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Trucks on the highway

The freight market experienced another monthly dip in tonnage due to choppy market conditions in April, American Trucking Associations reported.

Inbound shipments to the Port of Los Angeles — the busiest container hub in the U.S. — dropped as much as 30% in early May as President Donald Trump’s tariffs discourage trade.

Kenan Advantage Group inked its third acquisition of 2025 on May 16 as KAG Canada bought liquid bulk carrier Fisher Transport for an undisclosed sum.

American and foreign companies can ride out federal tariff uncertainties by seeking business stability in states with favorable regulations, taxation policies and economic incentives.

Canada’s finance minister said the government kept 25% retaliatory tariffs on U.S. goods, disputing an Oxford Economics report that suggested it had paused the vast majority of those levies.

General Motors has halted shipments of a small number of U.S.-made vehicles to China as the fallout of President Donald Trump’s tariffs reshapes the global auto sector.

Shareholders in Brazil’s JBS, which has beef, chicken and pork operations stretching from Colorado to New Zealand, will meet on May 23 to vote on the plan to sell shares in New York.

Two Federal Reserve officials, including New York Fed chief John Williams, suggested policymakers may not be ready to lower interest rates before September.

FedEx sign

The appointments will take effect after the separation of FedEx Freight from FedEx Corp., which the company expects to complete by June 2026.

Elon Musk at QEF

Elon Musk Says He’ll Still be Tesla CEO in 5 Years

Elon Musk said May 20 he’s committed to being CEO of Tesla in five years’ time as the automaker faced consumer and stock price pressure over his work with President Donald Trump’s government.

US Steel plant

Nippon Steel Boosts Investment for Proposed US Steel Deal

Nippon Steel has bolstered its pledge to invest in U.S. Steel in the event that President Donald Trump approves the Japanese company’s proposed $14.1 billion takeover.

Pony AI robotaxi

China’s Pony AI Eyes Profitability With Robotaxi Growth

Pony AI’s report on its first full quarter as a publicly traded company will have investors homing in on how a new generation of robotaxis could put the firm on a path to profitability.

Editor's Picks

GXO warehouse employee

While continuing to endure a stubbornly slow freight market recovery, the largest third-party logistics providers in North America also face a murky outlook for international trade.

Truck ADAS visualization

Receptiveness to safety technologies depends on the specific technology and the understanding of it. Drivers tend to favor road-facing cameras but dislike cameras aimed at them.

Fuel Prices

Week of May 19
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diesel
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6¢
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5.3¢

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