The Interchange

U.S. Department of Transportation under Donald Trump threatens New York City and New York State over plans to build a dedicated bus lane on 34th Street, putting a local transit project under federal pressure. The move targets the proposed busway infrastructure and heightens tensions between federal and local authorities on urban transport policy.

United States and China plan new trade talks in Malaysia. The planned engagement focuses on trade relations between the two economies, with Malaysia serving as the host venue.

United States blocks efforts to impose a global carbon tax on ships, prompting a delay of a key decision at the International Maritime Organization. The pause extends deliberations on carbon pricing in maritime transport and postpones potential measures on international shipping emissions.

Volvo reports a 20% decline in North American truck sales in the third quarter. The drop underscores a weaker heavy-truck market in the region and pressure on the manufacturer’s quarterly performance.