Thailand and Vietnam have continued to strengthen their position in the European truck and bus tire market, with imports from both countries outpacing traditional Asian suppliers during the first five months of 2026. According to a report by Astutus Research…
Proficient Auto Logistics, a Jacksonville, Fla.-based auto hauler, will acquire Hansen & Adkins for $130 million in a deal expected to close in mid-August. The acquisition will more than double Proficient’s company-owned fleet capacity and expand its operations into Canada.…
Home Depot CEO Ted Decker is taking a temporary medical leave of absence, with Ann-Marie Campbell and CFO Richard McPhail assuming key leadership duties. Decker, who became CEO in 2022, has led the retailer through a prolonged housing-market slowdown that…
Oil prices edged higher on August 12, 2026, as the Strait of Hormuz—a critical chokepoint for global oil shipments—remained effectively shut down amid ongoing fighting in Iran. Brent crude, the international benchmark, rose 0.19% to $89.08 per barrel, while U.S.…
ENEOS Holdings Inc. has agreed to acquire US chemical producer TPC Holdings Inc., a deal that will give the Japanese group the world’s third-largest butadiene production capacity. The transaction, carried out through a merger between TPC and a special-purpose vehicle…
Wesley Batista Filho, the incoming CEO of JBS, expects the company’s U.S. beef business to benefit from restructuring efforts and the resumption of Mexican cattle imports. The company faces pressure from a prolonged U.S. cattle shortage and New World screwworm…
President Donald Trump has extended a 90-day Jones Act waiver, allowing foreign-flagged vessels to transport select energy commodities between U.S. ports, but with stricter conditions. The waiver, finalized on August 10, 2026, now requires case-by-case reviews for individual voyages, a…
The UK new-car market has flipped the script on transmissions: automatic gearboxes now dominate to an unprecedented degree. Fresh registration data shows that 92% of all new cars ordered in Britain this year came with automatic transmissions, while only 7.9%…
Sumitomo Rubber Industries (SRI) has posted a 40.6% year-on-year surge in second-quarter business profit to Yen39.8 billion, defying what it describes as a sluggish global market. The group’s sales rose 8.3% to Yen620 billion for the quarter ended 30 June,…
Yokohama Rubber Co. (YRC) has sharply upgraded its full-year 2026 earnings guidance following a record first half, citing a 54.3% surge in business profit and 10.4% sales growth. The Japanese conglomerate now expects group sales of Yen1,320 billion (€7.2 billion),…