Noi Mahoney

1 week ago | freightwaves.com | Noi Mahoney

Mack Trucks said Thursday it will lay off up to 450 workers at factories in Pennsylvania and Maryland due to the impact of tariffs and other economic factors. The layoffs at the Lehigh Valley Operations in Lower Macungie Township, Pennsylvania, will be conducted over the next 90 days. Mack Trucks will lay off up to 100 workers from a factory in Hagerstown, Maryland, by May 2, according to News Talk 1037FM.

1 week ago | freightwaves.com | Noi Mahoney

Mexico was the United States’ top trade partner in February, with two-way commerce totaling $68.4 billion, according to the latest data from the U.S. Census Bureau. Trade between the U.S. and Mexico during February was a 2% year-over-year increase compared to the same month in 2024. Canada was the second ranked U.S. commerce partner with $63.2 billion during February, a 2% year-over-year increase compared to 2024.

1 week ago | freightwaves.com | Noi Mahoney

San Francisco-based Fictiv has been acquired by Misumi Group Inc. in an all-cash deal worth $350 million. The acquisition will help Misumi Group expand its digital services and expand its customer base, officials said. Tokyo-based Misumi Group is one of the largest global industrial suppliers of off-the-shelf manufacturing components. The company has 22 manufacturing sites and 20 logistics facilities around the world, producing and distributing industrial supplies to 318,000 global companies.

1 week ago | freightwaves.com | Noi Mahoney

Imported goods from China to the U.S. could be hit with tariffs as high as 245%, the White House said. The Trump administration released a fact sheet late Tuesday detailing an executive order to review any national security risks posed by relying on foreign imports of rare earth minerals. “China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions,” the fact sheet said.

1 week ago | yahoo.com | Noi Mahoney

Imported goods from China to the U.S. could be hit with tariffs as high as 245%, the White House said. The Trump administration released a fact sheet late Tuesday detailing an executive order to review any national security risks posed by relying on foreign imports of rare earth minerals. “China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions,” the fact sheet said.