Plus: Aurora’s AV freight revenue debut, a $4.25M facial monitoring settlement, the U.S. trade gap hits lowest point since September 2023, and more.
Lytx and Maverick Transportation reached a $4.25 million settlement in an Illinois biometric privacy case, with nearly 3,600 drivers receiving $650 to $850 each under the state’s strict BIPA law.
Aurora logged its first revenue in Q2 2025, expanded driverless trucking to nighttime operations, and grew its network, even as losses topped $200 million and safety concerns.
The U.S. trade deficit narrowed 16% in June to $60.2 billion, its lowest since 2023, as imports fell sharply following tariff-driven surges earlier this year.
The U.S. trade gap narrowed sharply in June, falling 16% from May to $60.2 billion, as companies scaled back imports following a surge earlier in the year. The deficit is now at its lowest level since September 2023, according to Commerce Department data released August 5.
The value of imports dropped 3.7% in June, the lowest since March 2024, while exports also declined but at a smaller pace.
The pullback follows what analysts described as a rush to import goods earlier this year ahead of new tariff announcements.
The narrowing trade gap contributed to stronger second-quarter growth.
The White House last week released new adjusted reciprocal tariff rates for countries without trade agreements with the U.S. by the August 1 deadline.
Trump has framed tariffs as a way to encourage foreign investment, strengthen domestic production, and raise government revenue while bolstering national industrial security.
The June data showed declines in U.S. deficits with several major trading partners:
On an inflation-adjusted basis, the merchandise trade deficit narrowed to $84.6 billion, down from a record earlier in 2025.
Source: Transport Topics
DSV is pausing some border investments due to tariffs but advancing its 900,000-square-foot Laredo hub, as experts highlight Mexico and Latin America’s resilience in global trade growth.
South Korea is offering multi-billion-dollar investments in U.S. shipbuilding to avoid 25% tariffs, aligning with Washington’s push to counter China’s dominance in global shipbuilding.
U.S.-Mexico trade tensions escalate over tomatoes and cargo aviation
U.S. warehouse vacancy rates hit 11-year high as trade uncertainty and shifting import patterns reshape logistics strategies
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