Shipowners have grown more optimistic about a pickup in traffic through the Strait of Hormuz after more vessels transited the waterway this week, with the U.S. providing navigation advice. At least two shipowners, who asked not to be identified, said they … Read more
As Congress returns to Capitol Hill on June 1, lawmakers are emphasizing affordability issues, including fuel, groceries, and health care costs, ahead of midterm elections. Gasoline prices have risen to a national average of $4.26 per gallon, with leaders linking increases … Read more
A House committee has advanced a provision in the Motor Vehicle Modernization Act that would prohibit automakers with at least 15% ownership by foreign adversary countries—including China—from selling or producing vehicles in the U.S. The move threatens Mercedes-Benz Group AG’s U.S. … Read more
Tomatoes have become the latest poster child for America’s grocery inflation crisis, with prices jumping roughly 40% over the past year—far outpacing other staples like coffee (up 18.5%), beef roasts (up 17.8%) and frozen fish (up 12%), according to the latest … Read more
In Illinois farm country, a 70-year-old 1956 International Harvester S-130 pickup truck is waiting for a fresh coat of canary yellow paint. The truck holds sentimental value for the owner, who learned to drive it as a young boy. What started … Read more
About one-quarter of the massive oil tankers trapped in the Persian Gulf when hostilities erupted between Iran and a U.S.-Israeli coalition in late February have now escaped the Strait of Hormuz, according to shipping data compiled by Bloomberg. Twenty-nine of the … Read more
The National Highway Traffic Safety Administration (NHTSA) has issued a warning about a rising scam targeting drivers in six states—Arizona, Florida, Indiana, Maryland, New York, and Texas. Fraudsters are sending fake text messages that impersonate NHTSA, demanding payment for nonexistent traffic … Read more
Hyundai is gearing up to launch an all-new generation of its i20 hatchback, with the high-performance i20 N variant poised for significant changes. Spy shots reveal a heavily disguised prototype sporting a squared-off roofline, reminiscent of the Santa Fe and the … Read more
Tyres Europe has welcomed the European Commission’s draft revisions to the EU Deforestation Regulation (EUDR) and called for “swift adoption” of the regulation to bring about certainty in the industry. The association supports the proposed approach to tire retreading, which would … Read more
UPS is set to expand its North American Air Freight capabilities by debuting time-definite heavy airfreight service to and from Mexico for the first time. The service, which will be available across North America, targets automotive and industrial customers needing reliable … Read more