The US containerized imports increased by 8.2% in June compared to the prior year, with a total of 2,400,627 20-foot-equivalent units, according to Descartes. This rise in import volume has led to a tightening of drayage capacity, with major ports…
Saudi Aramco has cut its Arab Light crude price for Asia by 50 cents a barrel for next month, amid expectations of expanded Strait of Hormuz access. The price cut is significant, as volatile Gulf oil flows and high shipping…
GXO Logistics has announced a strategic pivot from regional silos to a unified global enterprise model, aiming to drive high-margin growth through organic expansion, technology investments, and selective acquisitions. CEO Patrick Kelleher revealed the shift during the company’s second-quarter earnings…
North American Class 8 truck orders totaled about 22,000 units in July, up 68%-75% year over year but down about 30% from June. According to analysts, stronger trucking fundamentals support demand, but full 2026 production backlogs and limited build slots…
Trimac Transportation has acquired California Freight, a California-based food-grade bulk carrier, for an undisclosed sum. The deal, announced on August 4, 2026, marks Trimac’s second acquisition in the Golden State within two years. California Freight will retain its name and…
Mercedes-Benz Vans will showcase its latest innovations and strategic direction at IAA Transportation 2026 in Hannover, Germany, from September 14 to 20. The brand’s presence at the biennial commercial vehicle trade fair—held in Hall 13—marks its 130th anniversary in the…
Canadian Prime Minister Mark Carney is seeking a trade deal with the US that removes Section 232 tariffs on key sectors, including steel, aluminum, autos, and lumber. The tariffs, imposed by US President Donald Trump, have been battering the Canadian…
Global oil prices remained largely unmoved on August 6, 2026, as markets grappled with uncertainty over the ongoing U.S. conflict with Iran. Brent crude, the international benchmark, inched up less than 0.1% to $79.50 per barrel, while U.S. benchmark crude…
BMW Group Plant Munich has launched series production of the all-new BMW i3* as the second model in the Neue Klasse lineup, following a surge in early orders that triggered a steep ramp-up curve at the historic facility. The fully-electric…
Used Class 8 truck sales surged 10.2% year over year in June, reaching 24,900 units compared to 22,600 a year earlier, according to ACT Research. The market also saw a 4.6% sequential increase from May’s 23,800 units. Analysts attribute the…