Investors betting that more old-world auto companies are in line to benefit from the boom in AI got another stamp of approval from Wall Street. . . .
Transport Topics
Wall Street Sees Automakers, Suppliers as AI Power Plays
Wed Jun 03, 2026
QXO Sees Improved Terms on Buyout Deal After Solid Demand
Wed Jun 03, 2026
QXO saw terms improve on a $6 billion financing package to fund its purchase of rival TopBuild, which attracted more than three times the amount of demand from investors. . . .
Trade Judge Replies to Trump Appeal, Calls Filings 'Colorful'
Wed Jun 03, 2026
A judge took the unusual step of personally responding to the Trump administration’s appeal of his order to refund $166 billion in tariffs. . . .
Senators Push Repeal of Federal Excise Tax
Wed Jun 03, 2026
Senior senators recently unveiled bipartisan legislation designed to repeal a World War I-era federal excise tax on new heavy-duty trucks, tractors and trailers. . . .
CBP’s ‘Operation Checkmate’ Nets 36 Undocumented Truckers
Wed Jun 03, 2026
Of the undocumented truckers arrested during the operation, 30 are from India and six are foreign nationals from El Salvador, Mexico and Russia. . . .
Q&A: EMA’s Jacqueline Gelb Talks Legislation, Regulation
Wed Jun 03, 2026
A longtime advocate in Washington for trucking stakeholders, Gelb replaced Jed Mandel, who ended a quarter of a century as EMA president in September 2025. . . .
Walmart CEO Points to High Fuel Prices as ‘Stress Point’
Wed Jun 03, 2026
CEO John Furner said that low-income consumers are experiencing greater pressure on high gas prices. “That’s really the stress point, is the price of fuel,” he said. . . .