Trimac Transportation has acquired California Freight, a California-based food-grade bulk carrier, for an undisclosed sum. The deal, announced on August 4, 2026, marks Trimac’s second acquisition in the Golden State within two years. California Freight will retain its name and…
Canadian Prime Minister Mark Carney is seeking a trade deal with the US that removes Section 232 tariffs on key sectors, including steel, aluminum, autos, and lumber. The tariffs, imposed by US President Donald Trump, have been battering the Canadian…
Global oil prices remained largely unmoved on August 6, 2026, as markets grappled with uncertainty over the ongoing U.S. conflict with Iran. Brent crude, the international benchmark, inched up less than 0.1% to $79.50 per barrel, while U.S. benchmark crude…
ConocoPhillips announced on August 6, 2026, that CEO Ryan Lance will retire effective September 1, with CFO Andy O’Brien taking over as chief executive. Lance will transition to the role of executive chair, while Konnie Haynes-Welsh, currently vice president for…
Kumho Tire has reported a 24% rise in second-quarter operating profit, driven by increased original equipment (OE) supply in North America and Europe, as well as higher sales of replacement tires. The Korean tire maker posted consolidated sales of KRW1,332…
Cabot Corp. has reported a decline in earnings for its Reinforcement Materials business, which primarily produces rubber grade carbon black, despite a growth in volumes. For the quarter ended June 30, segment EBIT fell 24% year-on-year to $97 million, while…
Sumitomo Riko has invested $4.5 million (€3.9 million) to expand its automotive anti-vibration rubber parts plant in Bluffton, Ohio. The expansion, set to commence operations in August, will increase the plant’s production capacity by around 15% and enable mass production…
Goodyear Tire & Rubber Co. has reported a significant decline in second-quarter operating earnings and a widened net loss, despite improved market stability. For the second quarter ended 30 June, the US tire maker reported a net loss of $204…
Uniroyal Holding Inc. and its subsidiary Great Hill Corp. have filed for Chapter 11 bankruptcy protection in the US to wind up the business and resolve decades-old retiree and asbestos liabilities. The company proposes to pay non-asbestos creditors in full,…
Wacker Silicones has reported a 6% year-on-year increase in sales to €757 million in the second quarter, with division earnings (EBITDA) rising 18% to €123 million. The gains were driven by lower operating expenses, an improved product mix, and higher…