Record overseas demand for U.S. diesel, propane, gasoline and jet fuel has drained commercial fuel reserves from the Gulf Coast to the East Coast as the escalating U.S.-Iran conflict tightens global energy markets. According to the Energy Information Administration’s latest…
Daimler Truck North America (DTNA) reported its first quarterly year-over-year sales increase in six quarters, with Q2 2026 vehicle sales climbing 8% to 41,687 units. The rebound marks a sharp turnaround from Q1 2026, when sales plunged 24.5% year over…
FedEx Corp. has agreed to sell its supply chain division, FedEx Supply Chain, to French logistics giant CMA CGM Group for $1.4 billion, a deal announced on July 1, 2026, and expected to close later that year. The transaction is…
According to Helene Budliger Artieda, Switzerland’s top trade diplomat, there is a “good chance” the country will secure a lasting trade deal with the U.S. at 15% tariff rates. The deal would provide Swiss companies with a more predictable trading…
Global oil shipping faces fresh turmoil after President Donald Trump declared the U.S. ceasefire with Iran “over” on July 8, 2026, prompting shipowners to reassess transit risks through the Strait of Hormuz. A Bloomberg survey of five tanker operators whose…
China executed its largest single-day purchase of U.S. soybeans since November 2023, with the U.S. Department of Agriculture confirming sales of 472,000 metric tons on July 8, 2026. State-owned grain giant Cofco Corp. locked in at least five additional cargoes…
Used Class 8 truck sales in May rose 5.3% year-over-year to 23,800 units but fell 4.4% from April’s 24,900 units, according to ACT Research. The market showed mixed signals: auction volumes surged as wholesale dealer activity contracted. Average retail prices…
The International Monetary Fund (IMF) has downgraded its 2026 global economic growth forecast to 3%, down from 3.1% projected in April, citing energy disruptions triggered by the Iran conflict. The war has led to a near-shutdown of the Strait of…
The American Trucking Associations (ATA) says the Environmental Protection Agency (EPA) is poised to publish a draft notice of proposed rulemaking (NPRM) on nitrogen oxide (NOx) emissions standards for heavy-duty trucks this week. The Office of Management and Budget (OMB)…
President Donald Trump has renewed his call to end trade with Spain, citing the country’s lack of support for the war in Iran and its lower defense spending. Trump made the comments during a NATO summit appearance with Secretary General…