UK-based Harboro Rubber has completed a management buyout, ending 130 years of family ownership. The buyout, backed by a ‘seven-figure’ loan from HSBC UK, sees managing director Michael Fallis-Taylor take full control of the business. James Briggs is stepping back…
The demand for replacement tires in the EU has strengthened in the second quarter of 2026, with all segments except farm tires registering year-on-year growth. According to Tyres Europe, demand for consumer tires rose by 3% year-on-year in the second…
The rubber and tire industry has seen various developments over the last week, with key players reporting their financial results and share price trends. Selected tire manufacturers’ share-price trends show a mix of increases and decreases, with Hankook experiencing an…
Daimler Truck North America (DTNA) announced on August 6, 2026, plans to open a new U.S. truck manufacturing plant in 2029, with construction starting by the end of 2026. The facility will be the company’s largest truck plant in the…
The US containerized imports increased by 8.2% in June compared to the prior year, with a total of 2,400,627 20-foot-equivalent units, according to Descartes. This rise in import volume has led to a tightening of drayage capacity, with major ports…
U.S. imports of Saudi crude oil fell to zero in July, the first full month without Saudi oil deliveries since 1985, according to preliminary government data. The decline followed disruptions to Persian Gulf oil flows tied to the U.S.-Iran conflict,…
Saudi Aramco has cut its Arab Light crude price for Asia by 50 cents a barrel for next month, amid expectations of expanded Strait of Hormuz access. The price cut is significant, as volatile Gulf oil flows and high shipping…
GXO Logistics has announced a strategic pivot from regional silos to a unified global enterprise model, aiming to drive high-margin growth through organic expansion, technology investments, and selective acquisitions. CEO Patrick Kelleher revealed the shift during the company’s second-quarter earnings…
Hertz Global Holdings Inc. reported a second-quarter adjusted loss of 11 cents per share on August 6, 2026, beating analyst expectations of a 24-cent loss and topping Ebitda estimates. The rental-car giant posted adjusted corporate earnings before interest, taxes, depreciation,…
North American Class 8 truck orders totaled about 22,000 units in July, up 68%-75% year over year but down about 30% from June. According to analysts, stronger trucking fundamentals support demand, but full 2026 production backlogs and limited build slots…