Truck News

ExxonMobil held talks with Venezuela about re-entering the country as the Texas oil giant explores whether to follow U.S. rivals back to the South American nation.

Some of the world’s biggest infrastructure investors are clubbing up to take over GFL Environmental in what could be one of the largest leveraged buyouts of the year.

The order is the latest escalation by President Donald Trump in a trade fight that ramped up over the summer, as tit-for-tat tariff measures between the U.S. and Canada followed the last-minute collapse of a trade truce.

Canadian Prime Minister Mark Carney said closer ties with Europe would ensure no country could control Canada’s markets or undermine its sovereignty.

“If they do that, if I think it’s at all a hostile act, I will put very serious tariffs or stop trading with Europe on many things,” Trump told reporters.

The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time, could result in higher borrowing costs for mortgages, auto loans and credit cards.

The Class 8 truck order environment remains solid despite a late-summer sequential slowdown as order books fill and buyers become more selective, OEMs say.

Brent crude fell 3.1% to $105.39. a barrel, but is still far above the $70 per barrel before the U.S. and Israel attacked Iran in late February.

State-run Saudi Aramco is working to bypass a damaged section on the route that will allow it to resume part of the pipeline’s capacity, Bloomberg reported.

Saudi Arabia closed the East-West pipeline, making American oil supplies even more critical, with record shipping costs doing little to deter buyers in Asia.