Truck News

More than 70% of Canada’s exports go to the U.S., making America its largest trade partner, and Detroit is the No. 1 port for truck traffic on the U.S.-Canada border.

The price of a barrel of Brent crude, the international standard, dropped 6.2% to $86.01.

Jeff Currie's 1947 Oil & Gas is preparing to offer shares ahead of a planned listing on London’s Alternative Investment Market next month, according to Bloomberg.

Amerit Fleet Solutions expanded its fleet maintenance network through the acquisitions of Kirk NationaLease and Truck & Trailer Parts Solutions.

Porsche has been hit particularly hard by the collapse in Chinese demand for German luxury cars and weaker-than-expected sales of electric models including the Taycan.

The Department of Agriculture will start a phased reopening starting with imports at the Douglas, Ariz., port of entry beginning Aug. 24, the agency said.

The freight market has been quickly tightening this year, with increased federal enforcement actions accelerating an existing decline in capacity.

The takeover will make Expand Energy a leading gas marketer, with the company raising its target for annual free cash flow from its marketing and commercial by 50% to $750 million.

The goal is to preserve preferential treatment for steel produced in the U.S., Mexico and Canada, while applying a common external barrier to China.

By pointing out that the current replacement tariff is 12.5%, Beijing appeared to signal that the U.S. has 7.5 percentage points of room for additional increases before reaching the stated ceiling.