Used Class 8 truck sales surged 10.2% year over year in June, reaching 24,900 units compared to 22,600 a year earlier, according to ACT Research. The market also saw a 4.6% sequential increase from May’s 23,800 units. Analysts attribute the…
Goodyear Tire & Rubber Company (NASDAQ: GT) delivered mixed second quarter 2026 results on August 5, 2026, reflecting improving market stability but continued financial headwinds. Net sales totaled $4.3 billion, a 4.8% year-over-year decline, with organic net sales down 1.4%…
The U.S. has shipped a record amount of distillate fuel overseas, with exports rising to 1.9 million barrels a day last week, according to the U.S. Energy Information Administration. This surge in exports has been driven by the global scramble…
Lucid Group Inc. is implementing a sweeping operational reset to slash $1.4 billion in cash burn this year, as new CEO Silvio Napoli tightens financial and operational discipline after quarterly results missed Wall Street estimates. The cost-cutting plan includes slashing…
Iran announced on August 5, 2026, that it had reached a tentative agreement with Oman to establish a shipping route through the Strait of Hormuz, a critical chokepoint for global oil supplies. The deal, still in the final drafting stage…
U.S. Energy Secretary Chris Wright confirmed on August 4, 2026, that the Trump administration is likely to extend a temporary waiver of the Jones Act, a 1920 law requiring goods shipped between domestic ports to be transported on U.S.-flagged, -built,…
Eight of the world’s largest shipping associations have jointly urged the United Nations and the International Maritime Organization to block any compulsory transit fees or service charges in the Strait of Hormuz, warning that such a move would set a…
Cummins raised its 2026 North American heavy-duty truck demand forecast to 240,000–250,000 units, citing stronger replacement demand driven by a freight market rebound. The company’s top executive, Jennifer Rumsey, said during the Q2 2026 earnings call that underlying demand is…
Uber Technologies Inc. delivered a third-quarter bookings outlook that met analyst expectations, but flagged fierce competition in Brazil as a key drag on trip growth, compounding investor concerns about the company’s trajectory in the robotaxi era. The San Francisco-based company…
Oil prices have increased despite ongoing talks that may lead to the reopening of the Strait of Hormuz. Brent crude rose 1.4% to $80.45 per barrel, while US benchmark crude picked up 0.7% to $76.29 per barrel. The increase in…