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Union Pacific Reports Q2 Profit of $1.8B Amid Merger Talks

Union Pacific and Norfolk Southern are in merger talks that would create a railroad in North America that essentially connects the East and West Coasts.

July 24, 2025

Tesla Profit Falls 16% as It Becomes ‘Toxic Brand’

The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter.

July 24, 2025

US Carmakers Say Japan Tariff Deal Puts Them at Disadvantage

U.S. automakers face a 50% tariff on steel and aluminum and a 25% tariff on parts and finished vehicles, with some exceptions for products covered under the USMCA that went into effect in 2020.

July 24, 2025

Walmart Hires Instacart Executive to Lead AI Push

Walmart is hiring an executive from Instacart to accelerate its use of artificial intelligence as one of the world’s largest retailers looks to bolster its competitive edge.

July 23, 2025

NYC to Build Freight EV Charging Depot in the Bronx

The depot will include at least eight trailer-enabled fast-charge stalls for Class 8 trucks, alongside chargers for medium- and light-duty vehicles, with 24/7 access.

July 23, 2025

Chevron Cuts 575 Houston Jobs After $53B Hess Takeover

The reductions were handed down on July 18 and take effect Sept. 26, according to a filing with the Texas Workforce Commission on July 23.

July 23, 2025

Tesla Outlook Darkens, Testing Musk's Robotaxi Vision

With federal incentives meant to encourage EV sales set to disappear later this year, things are likely to get even more challenging in the coming months.

July 23, 2025

EU Sees Progress Toward US Trade Deal With 15% Tariffs

Member states could be ready to accept a 15% tariff and EU officials are pushing to have that cover sectors including cars.

July 23, 2025

Grocer C&S Kicks Off $400M Loan Sale to Acquire SpartanNash

C&S Wholesale Grocers is looking to raise $400 million from a leveraged loan sale to help finance its $1.77 billion acquisition of food distributor SpartanNash.

July 23, 2025

June Trailer Orders Increase 144% From Last Year

U.S. trailer orders experienced a surprising surge in June, soaring on an annual and sequential basis as buyers took action after months of sitting on the sidelines, ACT Research reported.

July 23, 2025