Driver Pay Pressure Rises as Capacity Declines
The trucking industry is facing increased pressure to reassess driver compensation due to a decline in capacity and an improvement in freight demand. According to the Q2 2026 Driver Recruiting & Retention Data Download Report, 26% of carriers have increased…
Porsche Reportedly Eyes RUF Acquisition After Singer Rejection
A report from Germany's WirtschaftsWoche claims that Porsche is in advanced talks to acquire RUF Automobile, a legendary German firm known for creating high-performance sports cars based on Porsche hardware. RUF, which identifies itself as a family-owned automaker, has long…
IWC and Mercedes‑Benz celebrate 140 years of automotive innovation with a limited-edition Big Pilot’s Watch
Swiss luxury watchmaker IWC Schaffhausen has marked Mercedes‑Benz’s 140th anniversary with a limited-edition Big Pilot’s Watch featuring the newly engineered Perpetual Calendar ProSet. This is the first perpetual calendar from IWC that can be adjusted forward and backward using a…
LTL carriers push for deeper shipper education on NMFC density-based classification changes
Less-than-truckload (LTL) carriers are calling for increased shipper education after a year of density-based National Motor Freight Classification (NMFC) updates, which replaced the previous commodity-based system on July 19, 2025. The shift introduced a 13-tier density scale, reclassifying over 2,000…
Tankers Go Dark for Longer to Get Oil Out of Middle East
Supertankers are increasingly switching off their transponders for days or weeks while crossing the Strait of Hormuz and Bab el-Mandeb, making cargo movements difficult to track. This practice has expanded as Iran-related security risks persist and Houthi threats grow. According…
U.S. oil majors slash shale spending, prioritize profits over production growth
Major U.S. oil producers are slashing capital spending in shale basins despite high crude prices, redirecting cash flows toward shareholder returns and debt reduction instead of accelerating production growth. Chevron, ConocoPhillips, and Occidental Petroleum reduced drilling and fracking expenditures by…
Tyson to Close More Beef Plants as Cattle Shortage Drags On
Tyson Foods Inc. is set to close several beef plants in the US, including facilities in Illinois and Utah, and is pursuing the sale of another plant in Washington. The move is a response to the historic US cattle shortage,…
U.S. retail sales drop 0.6% in July as tax refund boost fades
U.S. retail sales unexpectedly fell 0.6% in July, marking the largest monthly decline since May 2025, as the temporary boost from tax refunds faded. The drop was led by a 1.8% decline in vehicle sales and a 2.2% fall in…
NTDC narrows 2026 field to 45 finalists for Bendix Grand Championship
The National Truck Driving and Step Van Driving Championships (NTDC) has announced 45 finalists who will compete for the Bendix Grand Championship in Pittsburgh on August 14, 2026. The finalists emerged from an initial field of 429 competitors representing 49…
Volkswagen to trim majority stake in Traton to 75% plus one share
Volkswagen AG is accelerating cost-cutting measures that now extend to its majority ownership of truck maker Traton SE. The German automaker, which currently holds an 87.5% stake in Traton—valued at €16.6 billion ($19.1 billion)—plans to reduce its holding to 75%…