Historic family owners of Anheuser-Busch InBev, including the Van Damme, de Mevius, and de Spoelberch families, have sold a $843 million stake in the world’s largest brewer. The sale, which was arranged by JPMorgan, saw 10 million AB InBev shares…
Amazon.com Inc. has become the fifth company in history to surpass a $3 trillion market valuation, achieving the milestone on August 3, 2026. The e-commerce and cloud giant’s shares surged as much as 5.3% by 9:35 a.m. ET, extending a…
Global oil prices tumbled on August 3, 2026, after U.S. President Donald Trump announced he would order American forces to refrain from further attacks on Iran and suggested a deal to end the ongoing conflict was imminent. Brent crude, the…
Sichuan Yuanxing Rubber Co. Ltd, a Chinese motorcycle tire producer, has announced plans to build its first overseas tire manufacturing plant in Indonesia. The facility will be constructed at the Batang Integrated Industrial Park (KITB) in Central Java on a…
Revoy, a San Francisco startup, has introduced a swappable electric trailer for diesel trucks, which can cut emissions by 85 percent. The 575 kWh plug-in module is available to fleet operators with a per-mile subscription model. This innovative solution turns…
The United Arab Emirates is set to overhaul its crude oil pricing system starting November 1, shifting from the ICE Futures Abu Dhabi Murban futures contract to the Platts Dubai benchmark for all onshore and offshore grades. The decision follows…
AI is reshaping trucking and logistics by automating processes, sharpening decision-making, and boosting profitability—but only if fleets deploy it strategically. At ACT Expo 2026 in Las Vegas, executives from Werner Enterprises, Penske Transportation Solutions, and Platform Science emphasized that successful…
E-commerce giant Amazon announced it will automatically reimburse select customers for portions of a $600 million tariff refund it received during the second quarter. The disclosure came during Amazon’s earnings call, where Chief Financial Officer Brian Olsavsky revealed the company…
Oil prices have resumed climbing due to ongoing tensions between the US and Iran, which have kept the Strait of Hormuz, a key waterway for oil transport, largely closed. As a result, Brent crude has risen 0.8% to $87.50 a…
XPO Logistics has reported a surge in demand from U.S. manufacturers for the first time in three years, driving a significant improvement in its second-quarter 2026 financial performance. The less-than-truckload (LTL) specialist posted a 52.8% increase in profit to $162…