Autonomous trucking startup Gatik AI Inc. has closed a $200 million funding round led by Qatar Investment Authority and Koch Disruptive Technologies, marking its largest investment round to date. The round brings the company’s total funding to approximately $500 million…
Klaus-Michael Kuehne, the majority owner of global freight giant Kuehne + Nagel and Germany’s wealthiest individual, died on August 24, 2026, at age 89 in Schindellegi, Switzerland. The third-generation leader of the shipping empire, which his grandfather founded, Kuehne expanded…
Oil prices fell on August 24, 2026, as the U.S. prepared to impose new sanctions on Iran, despite the country’s currency hitting a record low and escalating geopolitical tensions. Brent crude dropped 1.7% to $91.06 per barrel, while U.S. benchmark…
US-based butadiene and C4 derivatives supplier TPC Group is ramping up a series of debottlenecking and optimization projects to lift its crude C4 processing capacity by 14% by the end of 2029. The near-term initiatives, slated for 2026, target existing…
US tire and automotive service giant Mavis Tire Express Services has finalized its $700 million (€614 million) cash acquisition of Pep Boys from Icahn Enterprises, adding nearly 800 locations to its network and bringing the total to 4,400 stores across…
Continental has broken ground on a new “highly automated” finished-goods warehouse at its Mount Vernon tire plant in Jefferson County, Illinois, marking a $76 million investment (€64 million) to expand its North American logistics capabilities. The facility, announced in May,…
Private fleet operators are grappling with relentless cost increases across fuel, equipment, labor, and insurance, forcing them to rethink operations. From route optimization and backhaul strategies to newer trucks and tech upgrades, carriers are doubling down on efficiency to offset…
North America’s largest private truck fleets are navigating a complex landscape of rising costs and shifting trade policies while maintaining service levels, according to the 2026 Transport Topics Top 100 Private Carriers list. The annual ranking, based on tractor counts,…
Private carrier fleet expansion in 2026 has been uneven across industries, with some sectors thriving while others stagnate or shrink. Beverage, food service, agriculture, and retail fleets generally grew, while several other sectors saw little to no change or even…
The six-month mark of the U.S.-Iran war is approaching as President Donald Trump ramps up economic pressure on Tehran with an expanded sanctions campaign, including potential secondary penalties for nations and companies that continue to engage with Iran. Trump warned…