After the U.S. Supreme Court struck down sweeping tariffs imposed by President Donald Trump in March 2025, logistics giants UPS, FedEx, and DHL have begun returning eligible tariff refunds directly to customers who originally paid them. The refunds stem from…
Toyo Tire Corp. has downgraded its full-year operating income forecast after weak tire markets, higher costs, and the impact of US tariffs crippled its first-half performance in 2026. For the six months ended 30 June 2026, the Japanese tire giant…
Indian Oil Corp is set to commission its polybutadiene rubber (PBR) plant at Panipat, northern India, by the end of 2026, with a production capacity of 60 kilotonnes per annum (ktpa). The project, which was initially scheduled for start-up in…
Hankook Tire & Technology has reported a 58.1% increase in second quarter operating profit, with consolidated revenue reaching KRW5,682 billion (€3.47 billion), up 5.8% year-on-year. The tire business generated a revenue of KRW2,807 billion, an 11.8% increase from the second…
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…
Freudenberg Sealing Technologies has opened a new sealing facility in Queretaro, Mexico, covering 9,000 sq.m. and manufacturing static seals, O-rings, and gaskets using advanced injection moulding and compression moulding technologies. The plant supplies to customers in the automotive and general…
A federal truck safety bill, known as the Uniform Vehicle Safety Standards Act, has been introduced to create nationwide trucking safety standards and curb what lawmakers describe as frivolous lawsuits stemming from inconsistent state interpretations. The legislation, supported by the…
The U.S. Treasury reported a record July budget deficit of $432 billion on August 12, 2026, driven by accelerated federal spending. Through the first 10 months of fiscal 2026, the deficit totaled $1.8 trillion—5% wider than the same period in…
According to AAA data, US gasoline and diesel prices have reached record seasonal highs in August, with drivers paying an average of $4 per gallon for gasoline and $5.40 per gallon for diesel. This is a significant increase from the…
The National Truck Driving Championships and North American Inspectors Championship, hosted in Pittsburgh, highlight professional drivers and inspectors committed to highway safety. These competitions promote higher safety standards by encouraging skill development, knowledge sharing, and excellence across trucking and enforcement.…