The U.S. added 911,000 fewer jobs over the 12 months that ended in March, the Bureau of Labor Statistics said, trimming by a bit more than half the 1.79 million jobs the data now show. (WSJ)
U.S. inflation-adjusted median household income was $83,730 in 2024, not statistically different from the 2023 estimate, the Census Bureau said, as inflation ate into wage gains. (WSJ)
American drivers are expected to spend less than 2% of their disposable income on gasoline in 2025, down from an average of 2.4% over the prior decade. (WSJ)
French industrial production fell by 1.1% in July, partially offsetting June’s 3.7% increase. (WSJ)
Volkswagen will invest up to $1.18 billion to expand its AI capabilities by 2030. (WSJ)
Mistubishi Electric’s $1 billion acquisition of Nozomi Networks reflects growing interest in cybersecurity for heavy industries. (WSJ)
Canada’s Cenovus Energy sold its 50% interest in the U.S.’s WRB Refining to its joint venture partner Phillips 66 for $1.4 billion. (WSJ)
Canadian National Railway and CSX plan a joint intermodal service linking western Canada and Nashville, Tenn. (Journal of Commerce)
General Motors is delaying until at least Jan. 30 a plan to cut a shift at its only pickup-truck plant in Canada. (Bloomberg)
Canada’s UgoWork, which provides batteries and services for Class I, II and III lift trucks, is opening an assembly plant in the Chicago area. (Modern Materials Handling)
The Dutch-flagged cargo vessel Thamesborg remained aground off Prince of Wales Island in the Canadian Arctic four days after hitting a shoal. (gCaptain)
Exxon Mobil is acquiring Chicago’s Superior Graphite as the oil giant moves to produce more materials needed for electric cars and trucks. (New York Times)
Rep. Byron Donalds (R., Fla.) introduced a bill to require truck drivers to verify their English language proficiency at interstate weigh stations. (Fox News)
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