Target reorganizes strategy team, trims roles under new CEO’s efficiency push
Retail giant Target has restructured its strategy team, eliminating some positions as part of a broader push to streamline operations and improve efficiency under CEO Michael Fiddelke. The changes, outlined in an internal memo, aim to better align resources, reduce…
JBS abandons Scope 3 emissions targets, scales back 2040 net-zero plan
JBS NV, the world’s largest meatpacker, has abandoned its 2040 net-zero emissions target that covered all three greenhouse gas scopes and removed Scope 3 reduction goals from its climate plan. The company now focuses exclusively on emissions it directly controls—Scope…
Mercedes-Benz Group Sells 511,900 Cars and Vans in Q2: Sales Outside China Rise 3%, BEV Sales Up 50%Mercedes-Benz Group Sells 511,900 Cars and Vans in Q2: Sales Outside China Rise 3%, BEV Sales Up 50%
In the second quarter of 2026, the Mercedes-Benz Group sold 511,900 cars and vans worldwide, representing a 2% increase over the previous quarter. Sales outside China rose 3% year-over-year, driven by strong growth in Europe and North America. The company's…
Overseas demand strains U.S. fuel reserves amid Iran conflict
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…
DTNA Q2 sales surge 8% in first year-over-year gain since Q3 2024
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 Supply Chain sale to CMA CGM marks pivotal move in corporate overhaul
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…
Switzerland Sees “Good Chance” for 15% Tariff Deal with U.S.
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…
Shipowners weigh Hormuz risks as U.S.-Iran deal collapses
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 snaps up biggest U.S. soybean cargo since 2023 in trade rebound
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 slip in May despite year-over-year gain
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…