Afternoon Coffee: EPA Proposes New Rule of Truck Fuel Efficiency, More Automakers Set up Shop in Mexico

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Large trucks hauling products across the country will soon have to be more fuel efficient, according to a new proposed federal rule. The Environmental Protection Agency and the Transportation Department want to require truck manufacturers to improve fuel efficiency technology on trucks made between 2019 and 2027 to cut billions of tons of greenhouse gases.

Automakers are increasingly flocking to Mexico to set up manufacturing facilities, which will cause production in the country to hit 5 million units annually by 2020. Names like BMW, Audi and Toyota are building new plants south of the border and others are expanding already existing Mexico manufacturing facilities.

A new report from the US Conference of Mayors lists the top 18 cities expected to see the most growth in their economies during 2016. The list includes cities from San Jose, California, to Raleigh, North Carolina, but half of the cities on the list are in Florida, thanks to baby boomers retiring in the Sunshine State.

Office Depot shareholders voted in favor of a Staples buyout offer worth $6.3 billion. The deal has to be approved by the US Federal Trade Commission.

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