UPS has raised its 2026 revenue forecast to about $91.2 billion, up from a prior forecast of $89.7 billion, after shedding low-margin Amazon packages. The company reported second-quarter adjusted earnings of $1.76 per share, exceeding analyst estimates. The stronger outlook…
Natural rubber futures ended the third week of July with little net change, trading sideways across major exchanges as crude oil prices surged amid Middle East tensions. According to Japan Exchange Group’s 27 July report, the rubber market showed “no…
Michelin has posted flat first-half earnings for 2026, with group sales declining 2.6% year-on-year to €12.69 billion in the six months ended 30 June. Segment operating income totalled €1.446 billion, or 11.4% of sales, compared with €1.452 billion, or 11.1%…
US chemicals giant Dow Inc. has posted a double-digit sales increase in its Performance Materials & Coatings segment for Q2 2026, driven by soaring demand for downstream silicones. The segment’s revenue climbed 11% year-on-year to $2.36 billion (€2 billion), supported…
Germany’s Federal Cartel Office (Bundeskartellamt) has levied fines totalling €11.9 million on Maxxis International GmbH and two tire wholesalers—Best4Tires Berlin GmbH (B4T Berlin) and Reifen Mueller GmbH & Co. KG—for operating a vertical price-fixing scheme involving Maxxis and CST brand…
China’s Longxing Technology Group has launched volume shipments of sustainable carbon black derived from waste-tire pyrolysis oil to a major European tire manufacturer, the company confirmed on 23 July 2026. The initial order exceeds 10 kilotonnes, marking Longxing’s first bulk…
President Donald Trump visited General Motors’ Proving Ground in Milford, Michigan, on July 27, 2026, where he defended his tariff policies and praised the automaker’s revival under his administration. Trump toured the facility, which serves as GM’s oldest dedicated vehicle…
Volvo Trucks North America (VTNA) and Mack Trucks have announced staggered rollout plans for revised diesel exhaust fluid (DEF) inducement software updates, following updated guidance from the U.S. Environmental Protection Agency (EPA) issued in August 2025. The revisions aim to…
International Motors is considering a second production shift at its San Antonio assembly plant due to increasing demand and product initiatives. The company’s truck orders rose 209% year over year in the second quarter to 22,924 vehicles, and it reported…
A new oil exploration and production company, 1947 Oil & Gas Plc, is preparing to list on London’s Alternative Investment Market (AIM) next month with a £50 million ($67 million) initial public offering. The company, founded by former Goldman Sachs…