Electric aircraft maker Archer Aviation expects its defense-related sales to outstrip commercial air taxis in the short term.
June 16, 2025Search
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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.
G7 Summit Opens in Canada With a Focus on Trade
As the G7 summit begins in Canada, the U.S. has hit several nations with tariffs, there is little progress in settling wars in Ukraine and Gaza, and a new conflict involves Israel and Iran.
June 16, 2025Truck Parts Distributor Transaxle to Shut Down
Truck parts distributor Transaxle with facilities in 11 states is closing after an unsuccessful attempt to sell the company.
June 16, 2025Eaton Agrees to Buy Defense Group Ultra PCS for $1.6 Billion
Eaton agreed to buy defense and aerospace systems company Ultra Precision Control Systems from private equity firm Advent for $1.55 billion.
June 16, 2025Oil Shippers Pause Offers of Vessels to Middle East
Some oil tanker owners and managers have paused offering their vessels for Middle Eastern routes since June 13 as they assess the risks from Israel’s conflict with Iran.
June 16, 2025Nippon Wins Conditional Approval to Buy US Steel
Nippon Steel won conditional U.S. approval for its $14.1 billion purchase of U.S. Steel, capping a lengthy saga in a tie-up that will create one of the world’s largest steel companies.
June 16, 2025Israel-Iran Clash Revives $100-a-Barrel Oil Fears
The barrage of headlines has revived memories of the political upheavals and price spikes of the 1970s — and yet even when oil prices have jumped, it inevitably proved short-lived.
June 13, 2025Port of Los Angeles Imports Sink 19% Amid Trump Tariffs
The drop in port activity came as importers and retailers — especially those with business in China — grappled with the uncertainty of Trump’s trade war.
June 13, 2025US to Ease Rules Hindering Tesla’s Self-Driving Cybercab
The Trump administration is taking steps that would make it easier for automakers to deploy-self driving cars without driver controls.
June 13, 2025Oil Tanker Market Roiled by Israeli Airstrikes Against Iran
Israel’s airstrikes on Iran drove up freight rates and tanker stocks June 13 as traders and investors priced in the prospect of disruption to a large swath of the global oil-shipping fleet.
June 13, 2025