The U.S. has declined to renew the U.S.-Mexico-Canada Agreement (USMCA) for another 16 years, instead choosing to implement annual reviews of the trade pact, U.S. Trade Representative Jamieson Greer announced on July 1, 2026. The existing USMCA will remain in…
Fraud now accounts for roughly 45% of cargo theft cases, often involving scammers impersonating legitimate carriers to hijack high-value freight. Standard broker vetting—checking active authority, valid insurance, clean safety records, and verified contact details—is increasingly failing because fraudsters hijack existing…
French shipping giant CMA CGM Group has agreed to purchase FedEx Supply Chain, the third-party logistics arm of FedEx Corp., in a cash deal valued at $1.4 billion. The acquisition will bolster CMA CGM’s contract logistics footprint in North America,…
U.S. private-sector payrolls increased by 98,000 in June, following a 122,000 increase in the prior month. This marks the strongest three-month stretch for hiring in over a year. Education and health services accounted for about half of the hiring gains,…
Jim Filter has been named CEO of Schneider, the Green Bay, Wisconsin-based freight and logistics giant, effective July 1, 2026. He replaces Mark Rourke, who will transition to executive chairman of the board. The appointment marks a homecoming for Filter,…
Italian tire giant Pirelli has formally greenlit a $1 billion to $1.2 billion multi-year investment in the US, marking a strategic push under its newly appointed board led by executive chairman Marco Tronchetti Provera. The plan, first outlined in Pirelli’s…
Sumitomo Rubber Industries (SRI) has announced plans to begin Dunlop-branded tire deliveries in Europe later this year, marking a key milestone in its RISE 2035 growth strategy. The Japanese tire giant revealed in a June 30 update that it expects…
The German tire industry, represented by ReifenDeutschland, has rejected the proposed extension of the Carbon Border Adjustment Mechanism (CBAM) to steel intermediate products used in tire manufacturing. The industry association supports the overall objectives of CBAM to reduce global emissions…
The Institute of Materials, Minerals & Mining (IOM3) will host the 14th European Conference on Constitutive Models for Rubber (ECCMR 2026) in Oxford, UK, from September 9 to 11, 2026. Organized by the IOM3 Elastomer Group, chaired by Prof James…
German chemicals giant Covestro has announced plans to construct a new “world-scale” methylene diphenyl diisocyanate (MDI) production train at its integrated site in Shanghai, China, with a capacity of 660 kilotons per annum (ktpa). The project, targeting startup by the…