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GM and Stellantis will be forced to pay tariffs on some U.S.-made vehicles they import for sale in Canada, after the companies decided to reduce assembly-line work at Ontario factories.

President Donald Trump said late Oct. 23 that he was ending “all trade negotiations” with Canada because of a television ad in that country opposing U.S. tariffs.

Rivian Automotive agreed to pay $250 million to settle an investor lawsuit against the electric vehicle maker, saying it’s eager to put the legal wrangling behind it. 

Oil prices spiked after the U.S. announced new sanctions on Russia's oil industry in an attempt to get President Vladimir Putin to the negotiating table and end Moscow’s brutal war on Ukraine.

ACT noted continuing concerns over moderating economic activity, weak for-hire carrier profitability and ambiguous government policy remain as challenges to trailer demand.

The GOP caucus has blamed Democrats for the impasse. Democrats oppose funding legislation that lacks provisions designed to extend federal subsidies for some health care coverage premiums. 

New Mexico, Washington and California were warned by DOT Secretary Sean Duffy to enforce English-language proficiency regulations or face withholding of up to 100% of the funds.

President Donald Trump and Chinese President Xi Jinping will meet Oct. 30 on the sidelines of the Asia-Pacific Economic Cooperation summit, the White House announced.

Paccar expects to seize a bigger U.S. heavy-duty truck market share and to be able to increase prices once the Section 232 import tariffs on medium- and heavy-duty trucks and parts go live.

"September’s tonnage level was essentially the same as in September 2023, underscoring the tough freight market over the last few years,” said ATA Chief Economist Bob Costello.