ITE expands intermodal chassis unit with acquisition of NACPC
ITE Management has acquired North American Chassis Pool Cooperative (NACPC) in a deal announced on July 21, 2026, expanding its intermodal chassis portfolio. The financial terms of the acquisition were not disclosed. NACPC operates a regional pool of approximately 20,000…
Forward Air secures $250M customer deal, keeps at least 50% of business
Forward Air has struck a nonbinding memorandum of understanding (MOU) to retain at least 50% of a 20-year customer’s business, potentially up to 75%, following the customer’s decision to diversify its supplier base. The move comes after Forward Air disclosed…
DP World to construct two UAE container terminals to bypass Strait of Hormuz
DP World has secured a preliminary 50-year concession to build two deepwater container terminals in Fujairah, United Arab Emirates, on the Gulf of Oman, effectively bypassing the Strait of Hormuz. The project, announced on July 22, 2026, includes the Al…
Trump proposes automatic CDL eligibility for some veterans
President Donald Trump announced a plan to grant automatic commercial driver’s license (CDL) eligibility to U.S. military veterans who operated heavy trucks during their service. Speaking at the U.S. Army War College in Carlisle, Pennsylvania, on July 15, 2026, during…
Big Oil poised for record profits as fuel prices surge amid Middle East turmoil
Five of the world’s largest oil companies are on track to post their third-highest quarterly profits ever, with combined earnings estimated at $45.8 billion, as geopolitical tensions and supply disruptions sent crude prices and fuel margins soaring. Analysts attribute the…
Oil prices surge amid ongoing Iran conflict, gasoline hits $4.06 per gallon in U.S.
Oil prices continued their upward trajectory on July 22, 2026, as fighting between the United States and Iran persisted, pushing Brent crude up 3.3% to $94 per barrel. The international benchmark briefly touched $95 per barrel earlier in the day,…
U.S. Refiners Ramp Up Diesel Production to Record Levels
U.S. refiners are increasing diesel production to near-record levels, with an average of 5.3 million barrels of distillate fuel oil produced every day in July, according to the U.S. Department of Energy. This pace is expected to result in the…
Mercedes-Benz faces U.S. sales ban threat over Chinese ownership stakes
A U.S. Senate committee has unanimously advanced the Connected Vehicle Security Act, a bill that could prohibit the sale of connected vehicles in America if automakers exceed a 15% ownership threshold held by Chinese entities. The legislation, passed by the…
EVs step up as home backup power in grid crunch
Automakers are pivoting their EV investments into home energy solutions as U.S. EV sales slumped 23.8% in the first half of 2026. Ford has rolled out a $1,100 adapter kit—developed with Global Power Products—that lets F-150 PowerBoost hybrid and F-150…
Tesla Q2 revenue beats estimates but profit falls short
Tesla reported second-quarter revenue of $28.2 billion, beating market forecasts, but adjusted earnings of just 33 cents per share missed Wall Street’s 51-cent average estimate. The electric-vehicle giant also posted its first negative free cash flow in more than two…