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CHIPS Act Will Ramp Up Production, but Report Cites Costs

WASHINGTON — The 2022 CHIPS and Science Act will “sharply increase production’’ of semiconductors in the United States. But it will do so at a high cost, concludes a report.

January 15, 2025

Trump Tariff Threat Rippling Through Canada Oil Sector

U.S. President-elect Donald Trump’s vow to impose 25% tariffs on imports from Canada is finally starting to disrupt Canada’s oil industry.

January 14, 2025

Luck Cos. Investing $450 Million in South Carolina Expansion

A major supplier of crushed stone and environmental products plans to invest $450 million in South Carolina, adding 70 jobs through new and expanded quarry sites in six counties.

January 14, 2025

California Bans Fuel Price Gouging in Wake of Wildfires

Charging excessive prices for motor fuel, transportation, freight and other necessities is now illegal in two counties under the state of emergency due to ongoing wildfires.

January 14, 2025

DTNA Truck, Bus Sales Dip 2.35% Year Over Year in 2024

Daimler Truck North America sold 190,428 vehicles in 2024, down 2.35% from 195,014 in 2023, parent company Daimler Truck said Jan. 14.

January 14, 2025

Oil Glut to Expand in 2026 as OPEC Output Rebounds, EIA Says

Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the U.S., Canada and Guyana continues to grow.

January 14, 2025

Harbinger Motors Raises $100M to Fuel Truck Chassis Growth

Harbinger Motors, a medium-size EV cargo truck chassis maker, has raised $100 million to fuel the next stages of its growth of its privately held company.

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January 14, 2025

Colonial Shuts Largest US Gasoline Pipeline Over Leak

Colonial Pipeline Co. shut the largest U.S. fuel pipeline Jan. 14 to investigate a potential leak in Georgia.

January 14, 2025

International Motors Sales Rise 15% in Fourth Quarter

International Motors sold 23,800 trucks and buses in the fourth quarter of 2024, a 15% increase compared with 20,700 vehicles in the year-earlier period, parent company Traton said Jan. 14.

January 14, 2025