Private equity giant Bain Capital is set to acquire a controlling 51% stake in Volkswagen’s heavy-diesel engine unit Everllence for approximately $8.4 billion, with Volkswagen retaining a 49% holding, according to a company statement confirmed by Bloomberg. The deal is…
A cluster of four New World screwworm cases on a single property in Terrell County, Texas, has become the largest reported in the U.S. since the parasite was detected earlier this month. The U.S. Department of Agriculture confirmed three cattle…
Freight tonnage in the U.S. for-hire trucking sector continued its recent slowdown in May, with the American Trucking Associations’ (ATA) For-Hire Truck Tonnage Index dropping 2% month-over-month to 114.4. Despite the decline, the index remained 0.6% above May 2025 levels,…
John E. Wren, a towering figure in Minnesota’s trucking industry and a former chairman of the American Trucking Associations (ATA), died on June 16 at the age of 80. Wren led Lakeville Motor Express from 1979 until its sale in…
A Reddit user shared dashcam footage from June 9, 2026, showing a driver in a tan Chevrolet Silverado/GMC Sierra with a camper top aggressively passing slower traffic on I-35/US-77 near Edmond, Oklahoma, using the emergency shoulder—despite a wide-open fast lane.…
Ford Motor Co. has reversed course on its reliance on artificial intelligence for quality control by rehiring 350 veteran engineers—dubbed “gray beards”—over the past three years to address persistent defects that cost the automaker billions. These experienced engineers, many recruited…
The U.S. Department of Transportation (DOT) has proposed removing the federal mandate for brake pedals in fully autonomous vehicles, a move aimed at accelerating the deployment of purpose-built robotaxis. The National Highway Traffic Safety Administration (NHTSA) announced the proposed update…
Several oil tankers have begun using a new route through the Strait of Hormuz, a vital waterway, despite Iranian threats against vessels using the path. The alternative passage, promoted by a U.N. maritime agency, runs along the coast of Oman…
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, jumped 4.1% year-over-year in May—the highest since April 2023—fueled primarily by soaring gas prices, semiconductors, and computer equipment tied to AI infrastructure. The monthly increase was 0.4%, matching…
The U.S. economy expanded at a 2.1% annual rate in the first quarter of 2026, according to the Commerce Department’s final estimate released June 25. The figure marks a sharp upward revision from the previous estimate of 1.6% and a…