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Autonomous Truck Firm Plus to Go Public Via Churchill SPAC

Teaming up with the SPAC controlled by former investment banker Michael Klein will put a valuation of $1.2 billion on Plus. The combined entity will be known as PlusAI.

June 11, 2025

Steel Tariff Talks Between US, Mexico Nearing Resolution

Under its current terms, the deal would allow U.S. buyers to import Mexican steel duty-free as long as they kept total shipments below a level based on historical trade volumes.

June 10, 2025

UNFI Hack Leaves Some Whole Foods Shelves Bare

In a June 9 email to customers, a representative said the company is “working toward the goal of returning to full operational capacity by” June 15 or sooner and apologized for any disruption.

June 10, 2025

Senate Decision Could Affect Billions in Hydrogen Deals

The Senate is considering a plan to save a lucrative tax credit for hydrogen production that would be scrapped under the tax-and-spending bill passed by the House, key Republicans said.

June 10, 2025

Tesla, Musk Tease Robotaxi Launch With Driverless Demo

Tesla executives including Elon Musk promoted a video of one of its vehicles driving in Austin with nobody behind the wheel, hinting that it’s close to launching its robotaxi service there.

June 10, 2025

Hybrid TRUs Gain Ground in Refrigerated Trucking

Refrigeration technology for temperature-controlled trailers has expanded beyond conventional diesel-powered refrigeration units to a growing number of greener alternatives.

June 10, 2025

Fleetworthy Buys Haul to Add to Safety, Compliance Portfolio

Haul's AI-powered technology focuses on tasks including automated document audits, driver onboarding and scorecarding, plus real-time compliance monitoring.

June 10, 2025

Daimler, Toyota Finalize Plan to Merge Truck Units in 2026

Toyota and Daimler Truck have agreed to finalize a merger of their truck manufacturing subsidiaries, Hino Motors  and Mitsubishi Fuso Truck & Bus, under a new holding company by April 2026.

June 10, 2025

Trump Voices Optimism as China Talks Stretch to Day Two

Trade talks between the U.S. and China will continue into a second day, according to an official, as the two sides look to ease tensions over shipments of technology and rare earth elements.

June 9, 2025