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Trump’s Commerce Pick Leaves CHIPS Act Direction Unclear

“I can’t say that I can honor something I haven’t read,” Howard Lutnick, Trump’s nominee for commerce secretary, said of the binding CHIPS Act awards in a confirmation hearing Jan. 29.

January 29, 2025

Fed Sees Risks 'in Balance' as It Holds Rates at 4.25%-4.5%

In a statement, officials repeated that inflation remains “somewhat elevated” but removed a reference to it having made progress toward their 2% goal.

January 29, 2025

Tariff Doubts Send Oil Prices Lower Ahead of Fed Meeting

Oil fell below $73 a barrel after President Donald Trump’s pick for commerce secretary suggested tariffs on Canada and Mexico are not a done deal.

January 29, 2025

Honda Recalls 295,000 Honda, Acura Vehicles

Honda said it is voluntarily recalling about 295,000 Honda and Acura vehicles to update the fuel injection electronic unit, a device that determines how much fuel enters the engine.

January 29, 2025

Mexico’s President Doesn’t Expect Trump’s Tariffs on Feb. 1

President Claudia Sheinbaum brushed off a question as to whether Mexico is expecting U.S. President Donald Trump to announce 25% tariffs on Mexican goods Feb. 1.

January 29, 2025

Norfolk Southern CEO Optimistic About 2025

Norfolk Southern’s solid fourth quarter — combined with the support they’re getting from Washington D.C. — has the CEO feeling optimistic about 2025.

January 29, 2025

New USDOT Secretary Duffy Orders Fuel Economy Rule Rewrite

Newly appointed Transportation Secretary Sean Duffy ordered a rewrite of more stringent U.S. fuel economy rules, following through on one of President Donald Trump’s first directives.

January 29, 2025

Alleged Triggerman in Murder Tied to Staged Accidents Scheme

Investigators identified the alleged triggerman in the murder of an informant who was involved in a conspiracy to cover up a New Orleans-area scheme to stage crashes with tractor-trailers.

January 28, 2025

Update: State Trucking Groups Tout CARB Retreat, Continue Fight

State trucking associations are advocating for more feasible and cost-effective solutions in response to the implementation of the Advanced Clean Trucks regulation.Ěý

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January 28, 2025