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Ford warned profit this year will see a sharp drop on the growing fallout from President Donald Trump’s tariffs, underscoring the policy shifts in Washington that are upending the auto industry.

The rule had "put the trucking industry on a path to economic ruin and would have crippled our supply chain, disrupted deliveries and raised prices," said ATA President Chris Spear.

Kentucky Gov. Andy Beshear announced $5.7 million in state grants awarded to 15 public riverport projects to increase multimodal freight handling.

“It is critical that we make significant investments to modernize our air traffic control systems and improve our airports, roads, railways, bridges and ports," Sen. Susan Collins said.

Regulators never settled on a speed at which the limiters would be set. FMCSA and NHTSA had proposed and sought comment on a range of 60 to 68 mph.

The Washington Center for Equitable Growth analysis notes potential for wage stagnation and even layoffs and plant closures.

Stellantis has forecast that U.S. tariffs would cost it $1.7 billion this year, as higher duties hit the Jeep maker’s already struggling North American business.

The move was described as a nod to commitments made in the Clean Truck Partnership deal that California forged with truck manufacturers as part of the state’s emissions reduction efforts.

Indian Commerce Minister Piyush Goyal called U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer “very dear friends.”

The ATA For-Hire Truck Tonnage Index slipped 0.4% sequentially to 113.3 from 113.8 in May. The index also decreased 0.1% from the same time last year.