Iowa biodiesel plants are operating at minimum or completely stopping production amid uncertainty over the future of renewable fuel and tax credit policies.
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Trade Tensions Put American Crop Exports in Jeopardy
“Mexico could put their own import tariffs on — that could reduce the U.S. freight advantage. It’s a matter of how fierce the trade war gets,” said Pat Boova.
March 5, 2025Trump Grants One-Month Tariff Exemption for US Automakers
President Donald Trump is granting a one-month exemption on his new tariffs on imports from Mexico and Canada for U.S. automakers, amid fears that the trade war could harm U.S. manufacturers.
March 5, 2025Cummins Launches X10 Engine Platform
Cummins continued to overhaul its engine options for medium- and heavy-duty trucks, unveiling the X10 engine platform and a B-Series engine update in recent days.
March 5, 2025Canada Won’t Scrap Tariffs Unless All US Levies Are Lifted
Prime Minister Justin Trudeau is not open to lifting Canada’s full package of retaliatory tariffs if U.S. President Donald Trump leaves any tariffs on Canada in place.
March 5, 2025DOE Withdraws Biden-Era Rule, Approves LNG for Vessel Fuel
The Department of Energy has given the OK for vessels to use liquefied natural gas as a fuel by withdrawing its past Biden-era order that created a roadblock for a small Florida company.
March 5, 2025Trump Approves Permit Extension for Exxon’s Golden Pass LNG
The Trump administration extended a permit for the Golden Pass liquefied natural gas export project co-owned by QatarEnergy LNG and Exxon Mobil Corp.
March 5, 2025Geely Signs $2.5 Billion Loan to Refinance Volvo Truck Deal
Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group has obtained a syndicated loan to refinance borrowings related to its 2018 acquisition of a stake in Volvo AB.
March 5, 2025Saudi Aramco Might Bid for BP’s Castrol Lubricant Assets
Saudi Aramco is considering a potential offer for BP's Castrol lubricant assets, as the Middle Eastern company pushes for acquisitions that deepen its reach in oil consuming countries.
March 5, 2025Trump to Decide on Canada, Mexico Relief Today, Lutnick Says
President Donald Trump is set to announce changes to the tariffs on Canada and Mexico, with potential relief for autos and other sectors, Commerce Secretary Howard Lutnick said March 5.
March 5, 2025