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Amazon Tells Employees to Relocate to Seattle, Other Hubs
Amazon is ordering some corporate employees to move closer to their managers and teams, roiling a workforce already worried about job cuts and warnings from the top that AI will shrink their ranks.... Read more
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Federal Reserve Leaves Its Key Rate Unchanged
Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in March.... Read more
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Daimler, Volvo Roll Out Coretura Operating System JV Plans
Daimler Truck and Volvo Group laid out the game plan for their truck operating system joint venture — named Coretura — on June 17.... Read more
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8 Additional Ex-Yellow Terminals Find New Owners
The sale of the properties follows the disposal of seven facilities via private sale in May as the administrators attempt to unload as many terminals as possible.... Read more
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Waymo Applies for NYC Testing Permit
Waymo has applied for a permit to test its robotaxis in New York City, despite an absence of local regulations supporting commercially operated autonomous vehicles.... Read more
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Amazon Ramps Up Zoox Robotaxi Factory
Amazon is gearing up to make as many as 10,000 robotaxis annually at a sprawling plant near Silicon Valley as it prepares to challenge self-driving cab leader Waymo. ... Read more
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Class 8 Truck Sales Drop 5% Year Over Year in May
U.S. Class 8 retail sales experienced a sequential increase in May despite continuing to trend below the prior year, according to data from Wards Intelligence.... Read more
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DOT’s Duffy Announces ‘Road Map’ for Air Taxis
Transportation Secretary Sean Duffy and acting administrator for the Federal Aviation Administration Chris Rocheleau announced a “new road map” for getting air taxis into the sky.... Read more
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May Trailer Orders Increase 12% From Last Year
Preliminary net data showed orders increased 6,600 units when compared with last year. This year's monthly results have been split between positive and negative prior-year comparisons.... Read more
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AI Vehicle Software Supplier Applied Intuition Raises $600M
Applied Intuition expects to use the funds to develop its next phase of vehicle intelligence products and expand the company’s product roster and team.... Read more
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Nippon Steel Closes $14.1 Billion Acquisition of US Steel
Nippon Steel closed its $14.1 billion takeover of U.S. Steel, bringing to an end an 18-month effort to combine the American and Japanese steelmakers, the companies said in a June 18 statement.... Read more
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Trump Prepares New Round of Tariffs
The administration is pressing ahead with another tariff barrage that some experts say is more legally sound than country-by-country duties and may end up having an equally broad effect.... Read more
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Keyera to Buy Plains’ Canada Natural Gas Liquids Unit for $3.8B
Keyera agreed to buy Plains All American Pipeline’s Canadian natural gas liquids business and some U.S. assets for C$5.15 billion, bulking up its pipeline system around the country.... Read more
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States Warn of Texting Scams Over Bogus Unpaid Tickets
States are warning residents about scams under which victims receive text messages purported to be from state motor vehicle agencies seeking payment for fraudulent traffic violations.... Read more
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Canada Business Group Pushes for Pipeline Expansion in Mexico
Canadian companies could help Mexico reduce its lopsided dependency on imported U.S. natural gas by maximizing its own domestic supplies of the fuel, according to a Canada business group.... Read more
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Nikola Administrators Plan Final Asset Sale — the IP
Bankrupt Class 8 hydrogen fuel cell tractor manufacturer Nikola’s administrators are finalizing plans for the sale of the company's intellectual property.... Read more
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Amazon’s Jassy: AI Will Reduce Company’s Corporate Workforce
Amazon.com CEO Andy Jassy says he expects the company’s workforce to decline in the next few years as the retail and cloud-computing giant uses artificial intelligence to handle more tasks.... Read more
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Fuel Tanker Rates Soar Over Israel-Iran Conflict
The cost of hauling refined oil out of the Middle East surged on June 17 as shippers reacted to the conflict between Israel and Iran.... Read more
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Diesel Prices Surge as Israel-Iran War Pressures Market
Diesel prices kept rising on June 17 as concerns about Middle Eastern supplies — a consequence of the Israel-Iran conflict — piled pressure on an already tight market.... Read more
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FedEx Freight Opens Indianapolis-Area LTL Terminal
FedEx Freight opened a service center in Greenwood, Ind., at the end of May, the carrier said. FedEx Corp.’s less-than-truckload division now has 323 terminals nationwide.... Read more
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Diesel Price Rises 10¢ to $3.571 a Gallon
The national price of diesel climbed a dime to $3.571 a gallon, according to U.S. Energy Information Administration data released June 17.... Read more
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Medium-Duty Truck Sales Fall for 9th Time in 12 Months
U.S. medium-duty truck sales fell below prior-year levels again in May, marking the ninth time in 12 months that sales have declined year over year, according to data from Wards Intelligence.... Read more
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Retail Sales Fall 0.9% in May as Americans Turn Cautious
Retail sales fell sharply in May as consumers pulled back after a sharp increase in spending in March to get ahead of President Donald Trump’s sweeping tariffs on nearly all imports.... Read more
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Honda Debuts Four-Wheeled E-Bike for Last-Mile Delivery
Honda said June 17 it plans to start small-scale production this year of an all-electric quadricycle, called the FastPort eQuad, for last-mile delivery in North America and Europe.... Read more
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Carney Says Canada, US Targeting Trade Deal Within 30 Days
Prime Minister Mark Carney said Canada and the U.S. are aiming to strike a trade deal within a month, a goal set during a meeting with President Donald Trump at the Group of Seven summit.... Read more