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Elon Musk and Donald Trump

Tesla shares slumped July 1 as the war of words between Elon Musk and President Donald Trump over the tax bill and spending cuts heats up, with Musk saying he may form a new political party.

The springtime surge in U.S. auto sales landed with a thud in June, setting up a slowdown in the months ahead as carmakers digest tariffs on auto imports and consumers find fewer deals.

XPO officially opened the less-than-truckload-focused carrier’s largest service centers by door number and footprint over the past couple of weeks.

President Donald Trump threatened to impose a fresh tariff level on Japan, citing what he said was the country’s unwillingness to accept rice exports from the U.S.

President Donald Trump says he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire.

The U.S. will start reopening ports to Mexican livestock in phases, after trade along the southern border had been halted in May by the spread of a parasitic fly.

California startup Lyten is buying a Polish energy-storage factory from Northvolt in a bid to become a global leader with its sulfur-based batteries.

Bollinger Motors faces a deeply uncertain future after emerging from a brief stint in receivership that came amid a cash crunch and a federal lawsuit over an outstanding $10 million loan.

The U.K. is planning to keep its digital services tax, after Prime Minister Mark Carney scrapped Canada’s levy to restart trade talks with President Donald Trump’s administration.

U.K. car manufacturers can export to the U.S. under a 10% tariff starting June 30, a reduction from the 25% rate imposed by President Donald Trump on other countries.

The freight market has remained choppy, with demand not demonstrating any clear patterns during the month of May, American Trucking Associations reported June 24.

Workers at Tyson’s beef plant in Amarillo, Texas, have agreed to a strike as they fight for higher wages and accuse the company of unfair labor practices.

The EU and the U.S. believe they can clinch a trade agreement before a July 9 deadline, when Washington is set to impose a 50% tariff on nearly all EU products and the bloc plans countermeasures.

DTNA's Phoenix PDC

DTNA — parent company of Freightliner, Western Star and Thomas Built Buses — will shut its Phoenix and Reno, Nev., parts distribution centers in 2026 and 2027, respectively.

Truck driver filling up with diesel

Diesel Price Cools Off, Drops 4.8¢ to $3.727 a Gallon

Trucking companies were provided some relief on fuel prices as they welcomed July, with the national average price of a gallon of diesel decreasing 4.8 cents to $3.727 a gallon.

Editor's Picks

Freightliner eCascadias

The ongoing rollback of commercial vehicle emission regulations under the second Trump administration has created uncertainty in the emerging battery-electric truck market.

UPS truck lot

Transport Topics' 2025 Top 100 For-Hire Carriers list illustrates how weak freight market conditions have continued to squeeze margins for North America's largest motor carriers.

Fuel Prices

Week of Jun 30
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diesel
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4.8¢
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gas
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4.9¢

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Werner truck

The Texas Supreme Court has ruled in favor of Werner Enterprises, reversing a $100 million jury verdict against the motor carrier upheld by an appellate court.

Sean Duffy

“Truckers keep America running,” the DOT secretary said. “While the country sleeps, truckers grind through the night to help keep shelves stocked, families fed and businesses humming."

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