Reorganization Charge Pushes ArcBest into Red in Q2
ArcBest reported a $13.8 million net loss in Q2 despite a 15.7% increase in revenue, which totaled $1.18 billion. The company's operating expenses rose 22.3% to $1.2 billion, largely due to a $34.5 million impairment charge associated with a strategic…
Carvana posts record quarterly profit but shares dive as growth slows and per-vehicle earnings slip
Online used-car retailer Carvana reported a record second-quarter adjusted EBITDA of $769 million on July 29, 2026, beating the $766 million average of analyst estimates. However, shares plunged 15% in after-hours trading after the company revealed slower sales growth and…
Mini Unveils Rugged Countryman, Debuting This October
Mini is finally developing its own rugged version of the Countryman, set to debut in October 2026. The off-road-focused compact SUV features higher clearance and all-terrain tires, distinguishing it from the standard model. Currently undergoing testing and validation in the…
Mercedes CEO warns China’s brutal price war is here to stay
Mercedes-Benz Group AG CEO Ola Källenius has declared that intense pricing pressure in China’s auto market is not a temporary blip but a permanent fixture. Speaking near Helsinki, Finland, Källenius said fierce competition from Chinese brands—especially those led by BYD—has…
Touratech Aventuro Gravel Carbon Helmet First Look: Fast Facts
Touratech has launched the Aventuro Gravel Carbon, a carbon-fiber adventure helmet designed for riders who split their time between pavement, gravel, and trail. This new top-tier model joins Touratech’s Aventuro lineup, which already includes the fiberglass Matrix Pro, the carbon-laminate…
PACCAR keeps drivers behind the wheel in autonomous trucks for now
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…
U.S. is making most fuel since 2019, but it’s still not enough
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…
Federal Reserve holds interest rates steady as inflation stays stubbornly high
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…
BMW Aims to Cut 8,000 Jobs Without Affecting Factory Workers
BMW is planning to eliminate around 8,000 positions globally, with most cuts expected to hit German corporate roles, while factory workers remain excluded. The automaker is looking to trim costs and restore profitability amid sliding sales in its key Asian…
PACCAR to keep selling current heavy-duty truck engines in 2027 despite tighter emissions rules
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…