Werner’s Leathers expects strongest peak shipping season since COVID-19 pandemic
Werner Enterprises CEO Derek Leathers has signaled that the upcoming peak shipping season—typically running from August through late October or early November—is poised to be the strongest for trucking since the COVID-19 pandemic. Speaking at the Deutsche Bank Chicago Industrials…
A Hacker Wrapped A Toyota And Flock’s Cameras Couldn’t Tell It Was A Car
A 2009 Toyota Yaris wrapped in a unique vinyl design reportedly confused a Flock camera at Def Con in Las Vegas. The camera, which is designed to identify vehicles by their make, model, color, and other visible details, was unable…
Private Traders Sit Out, Testing China Pledge on Soybeans
China has accelerated its purchases of US soybeans ahead of a planned September summit between President Xi Jinping and President Donald Trump, with state-owned traders leading the buying. However, private Chinese importers remain largely sidelined due to tariffs and strained…
Oil supply crunch deepens as Iran war escalates, IEA warns
Global oil markets are facing a sharper supply squeeze than anticipated following renewed escalation in the Iran war, the International Energy Agency (IEA) reported. The agency now estimates a shortfall of 1.8 million barrels a day for this quarter—more than…
Proficient Auto Logistics acquires Hansen & Adkins for $130M in mid-August deal
Proficient Auto Logistics, a Jacksonville, Fla.-based auto hauler, will acquire Hansen & Adkins for $130 million in a deal expected to close in mid-August. The acquisition will more than double Proficient’s company-owned fleet capacity and expand its operations into Canada.…
Home Depot CEO Ted Decker Takes Medical Leave of Absence
Home Depot CEO Ted Decker is taking a temporary medical leave of absence, with Ann-Marie Campbell and CFO Richard McPhail assuming key leadership duties. Decker, who became CEO in 2022, has led the retailer through a prolonged housing-market slowdown that…
Trump claims U.S. has ‘total control’ over Strait of Hormuz amid escalating tensions
President Donald Trump declared on August 11 that the U.S. has "total control" over the Strait of Hormuz, a critical waterway through which roughly one-fifth of global oil and liquefied natural gas (LNG) flows. Speaking at Joint Base Andrews outside…
Inflation Cooled in July as Gas Prices Fell
The US inflation rate eased to 3.4% in July, down from 3.5% in June, as gas prices fell. However, consumer prices are still rising, with a 3.4% increase from a year ago, and core inflation slipped to 2.5%. The Labor…
Former Toyota CEO Hiroshi Okuda Dies at 93
Hiroshi Okuda, the former CEO of Toyota, has died at the age of 93. Okuda led the development of the hybrid Prius and was instrumental in establishing Toyota's reputation for fuel efficiency. He served as president and chairman of Toyota…
Oil prices rise as Strait of Hormuz shutdown stokes supply fears
Oil prices edged higher on August 12, 2026, as the Strait of Hormuz—a critical chokepoint for global oil shipments—remained effectively shut down amid ongoing fighting in Iran. Brent crude, the international benchmark, rose 0.19% to $89.08 per barrel, while U.S.…