Asian shipper sets record $5.3M bid for Panama Canal transit slot amid Iran war disruptions
A South Korea-based energy shipper has shattered the Panama Canal transit auction record by paying $5.3 million for a September 1 slot, Bloomberg News reports. SK Gas Ltd. secured the record fee through a canal authority auction this week to…
Honda eyes new U.S. factory to boost hybrid output by 2030
Honda Motor Co. is weighing the construction of a new North American plant—likely in the U.S.—to expand production of gas-electric hybrid vehicles as it prepares to launch 15 new hybrid models by March 2030. The move follows the Japanese automaker’s…
Border crackdown slashes cabotage violations by foreign truckers
U.S. Customs and Border Protection has dramatically tightened enforcement of federal cabotage laws this year, blocking hundreds of Mexican and Canadian truckers from entering the country through Mexico after they were caught violating domestic haulage rules. The crackdown has already…
U.S. consumer confidence dips to seven-month low as gas prices stay above $4
U.S. consumer confidence slid to 89.4 in August, the lowest level in seven months, as Americans pointed to gasoline prices stuck above $4 per gallon and the ongoing conflict in Iran. The Conference Board’s index dipped from 90.2 in July,…
Descartes Systems Group acquires Tai for $100 million in third 2026 deal
Logistics software giant Descartes Systems Group has inked its third acquisition of 2026, agreeing to buy AI-driven transportation management software provider Tai for $100 million. The Waterloo, Ontario-based company, which specializes in supply chain software-as-a-service, now adds Tai’s freight broker-focused…
Mobility Global slashes 2026, 2027 Class 8 truck forecasts amid weak H1 and supply chain fears
Market research firm Mobility Global has downgraded its U.S. Class 8 truck and tractor registration outlook for both 2026 and 2027, citing a sluggish first half of 2026 and lingering supply chain bottlenecks that threaten to throttle production scalability next…
Orange EV ramps up East Coast port electrification with massive fleet orders
Electric terminal truck specialist Orange EV has secured two major East Coast port orders, signaling a decisive shift from pilot programs to full-scale fleet electrification. APM Terminals Elizabeth at the Port of New York and New Jersey has ordered 96…
Mitsubishi Finally Returns to the U.S. Pickup Game—But It’s a Nissan-Badged Truck
Mitsubishi has officially confirmed its return to the U.S. pickup segment, but the new truck won’t wear the brand’s badge. Instead, the yet-to-be-named model is being co-developed with Nissan as part of the automaker’s expanded U.S. strategy, dubbed Momentum 2030.…
Gatik AI secures $200 million in latest funding round, pushing autonomous trucking toward commercial scale
Autonomous trucking startup Gatik AI Inc. has closed a $200 million funding round led by Qatar Investment Authority and Koch Disruptive Technologies, marking its largest investment round to date. The round brings the company’s total funding to approximately $500 million…
Canada to impose retaliatory tariffs on U.S. after trade talks collapse
Canada will unveil retaliatory tariffs against the United States on August 25, 2026, following the collapse of trade negotiations and threats from President Donald Trump to impose new 50% tariffs on Canadian vehicles, auto parts, steel, and other goods. Prime…