California-based carrier Nevoya raised $9.3 million in seed financing to bolster its expansion plans, the company said July 22.
July 22, 2025Search
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Americans, Not Exporters, Eat Rising Tariff Costs
“The top-down macro evidence seems clear: Americans are mostly paying for the tariffs,” George Saravelos, global head of FX research at Deutsche Bank.
July 22, 2025As Tesla Sales Dip, GM EVs Close the Gap
Americans bought 310,800 EVs in Q2, a 6.3% drop from the year-earlier period. However, the sales dip — 21,000 vehicles — was nearly equal to the slump in transactions for Tesla.
July 22, 2025Paccar Q2 Profit Slumps as Weak Truckload Market Persists
Truck manufacturer Paccar’s profit dived 35.3% year over year in the second quarter as the freight recession continued to hamper tractor sales, particularly among truckload carriers.
July 22, 2025Pure Lithium Shifts Battery Production to Chicago
Pure Lithium will move its operations from Boston to Chicago and invest $46 million to launch manufacturing of lithium metal batteries in Illinois, state officials announced July 10.
July 22, 2025Copper-Laden Ships Race to Reach US Ahead of 50% Tariffs
At least four ships carrying copper are trying to reach U.S. ports before August to get ahead of planned import tariffs on the metal.
July 22, 2025Perspective: Understanding the Total Cost of Retail Returns
The returns process is costly. When factoring in every step a retailer goes through to ship, return and reship items, each transaction influences a retailer’s time, money and product waste.
July 22, 2025Mack Supplies More Pioneer Safety Package Details
The revamped safety packages are headlined by a switch away from Bendix Fusion to a proprietary safety and collision mitigation system — Mack Protect.
July 22, 2025Delaware to Hike Tolls Aug. 15, Raise CDL Fees in October
Delaware is preparing to hike toll fees starting Aug. 15 and double some commercial driver license motor vehicle fees in October to raise $107 million yearly for state infrastructure.
July 22, 2025Diesel Price Continues Climb, Rises 5.4¢ to $3.812 a Gallon
The national average diesel price increased for the third consecutive week, rising 5.4 cents a gallon to $3.812, according to U.S. Energy Information Administration data released July 22.
July 22, 2025