Marcus Webb 
China executed its largest single-day purchase of U.S. soybeans since November 2023, with the U.S. Department of Agriculture confirming sales of 472,000 metric tons on July 8, 2026. State-owned grain giant Cofco Corp. locked in at least five additional cargoes…
Used Class 8 truck sales in May rose 5.3% year-over-year to 23,800 units but fell 4.4% from April’s 24,900 units, according to ACT Research. The market showed mixed signals: auction volumes surged as wholesale dealer activity contracted. Average retail prices…
Danish hypercar maker Zenvo is rolling out two Aurora validation prototypes to this year’s Goodwood Festival of Speed. The lineup includes the Aurora Tur, a grand-touring variant, and the Aurora Agil, a track-focused version. Both cars are powered by a…
The International Monetary Fund (IMF) has downgraded its 2026 global economic growth forecast to 3%, down from 3.1% projected in April, citing energy disruptions triggered by the Iran conflict. The war has led to a near-shutdown of the Strait of…
The American Trucking Associations (ATA) says the Environmental Protection Agency (EPA) is poised to publish a draft notice of proposed rulemaking (NPRM) on nitrogen oxide (NOx) emissions standards for heavy-duty trucks this week. The Office of Management and Budget (OMB)…
President Donald Trump has renewed his call to end trade with Spain, citing the country’s lack of support for the war in Iran and its lower defense spending. Trump made the comments during a NATO summit appearance with Secretary General…
Volkswagen CEO Oliver Blume is pushing for a sweeping restructuring plan that could eliminate up to 100,000 jobs and shutter four German plants, according to sources familiar with the proposal. The plan, set to be presented to Volkswagen’s supervisory board…
U.S. airlines burned through $6.66 billion on jet fuel in May, marking the second consecutive month fuel costs topped $6 billion, the Bureau of Transportation Statistics reported on July 7. The May bill was 84% higher than a year earlier,…
Oil prices have surged more than 6% after US President Donald Trump stated that the interim agreement with Iran is ‘over’, despite allowing talks to continue. The price of Brent crude oil jumped 6.3% to $78.80 a barrel, while US…
The BMW iX3 has been awarded the highest five-star safety rating in its first Euro NCAP assessment under the organisation’s newly revised, more stringent 2026 test protocols. The updated Euro NCAP procedure evaluates vehicles across four comprehensive safety stages: Safe…