Werner Enterprises CEO Derek Leathers has signaled that the upcoming peak shipping season—typically running from August through late October or early November—is poised to be the strongest for trucking since the COVID-19 pandemic. Speaking at the Deutsche Bank Chicago Industrials…
China has accelerated its purchases of US soybeans ahead of a planned September summit between President Xi Jinping and President Donald Trump, with state-owned traders leading the buying. However, private Chinese importers remain largely sidelined due to tariffs and strained…
Global oil markets are facing a sharper supply squeeze than anticipated following renewed escalation in the Iran war, the International Energy Agency (IEA) reported. The agency now estimates a shortfall of 1.8 million barrels a day for this quarter—more than…
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…
President Donald Trump declared on August 11 that the U.S. has “total control” over the Strait of Hormuz, a critical waterway through which roughly one-fifth of global oil and liquefied natural gas (LNG) flows. Speaking at Joint Base Andrews outside…
The US inflation rate eased to 3.4% in July, down from 3.5% in June, as gas prices fell. However, consumer prices are still rising, with a 3.4% increase from a year ago, and core inflation slipped to 2.5%. The Labor…
Hiroshi Okuda, the former CEO of Toyota, has died at the age of 93. Okuda led the development of the hybrid Prius and was instrumental in establishing Toyota’s reputation for fuel efficiency. He served as president and chairman of Toyota…
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.…
The founder of AZuR has launched a joint tire recycling project in Germany, known as the ReKuWi initiative, which aims to create a closed-loop tire economy through take-back, retreading, reuse, and recycling. The 24-month project, coordinated by CGW GmbH, brings…