PACCAR CEO Preston Feight confirmed on July 28, 2026, that the company has no plans to remove human drivers from its autonomous trucks, despite rapid progress from partner Aurora Innovation. PACCAR, the parent company of Kenworth and Peterbilt, collaborates with…
The U.S. is currently producing the most fuel since 2019, with refiners processing 17 million barrels of crude daily, the highest weekly average since September 2019. However, despite this increased production, fuel supplies remain tight due to global disruptions and…
The Federal Reserve kept its benchmark interest rate unchanged at its July 29, 2026 meeting, marking the fifth consecutive session where the rate remained around 3.6%. The decision came despite persistent inflation running above the central bank’s 2% target for…
PACCAR, the parent company of Kenworth, Peterbilt, and DAF, will continue selling its current heavy-duty truck engine configurations that do not meet the upcoming 2027 emissions standards, executives confirmed during the company’s second-quarter 2026 earnings call. The decision comes as…
The U.S. Treasury Department on July 29, 2026 sanctioned two Iranian companies and eight shadow-fleet operators it accused of running an extortion network that forces commercial vessels to buy maritime “insurance” before transiting the Strait of Hormuz. The penalties target…
The United States and Iran remain deadlocked over control of the Strait of Hormuz, a critical chokepoint for global oil and liquefied natural gas shipments, with no breakthrough in sight despite ongoing indirect talks. The impasse has persisted even after…
Retail giant Walmart has rapidly expanded into the electric-vehicle charging business, opening 46 high-speed stations with 380 cords through June 2026 and positioning itself as a major competitor in the sector. The buildout leverages Walmart’s nationwide store footprint—now spanning about…
BMW has struck a deal with German worker representatives to offer voluntary severance packages as part of a global workforce reduction of about 8,000 employees—roughly 5% of its total workforce. The cuts, which will be concentrated in Germany, target roles…
US Senators Todd Young and Andy Kim have introduced the Safety and Accountability in Freight Enforcement (SAFE) Act, a Senate companion to a House bill targeting chameleon carriers. The legislation directs the Federal Motor Carrier Safety Administration (FMCSA) to study…
Global oil prices surged on Tuesday after a brief lull in the Iran war was shattered by fresh missile strikes, pushing Brent crude up $3.71 to $85.79 per barrel and U.S. benchmark crude up $3.78 to $83.04. The rebound followed…