FedEx Freight Holding Co. has reported its first earnings as an independent company following its separation from FedEx Corp. earlier in June 2026. CEO John Smith emphasized the firm’s strategic pivot into a “hunting phase” to aggressively pursue new business…
Global automakers Stellantis and Nissan are in advanced talks to acquire key assets from Marelli Holdings Co., the embattled auto parts giant currently restructuring under Chapter 11 bankruptcy protection. The negotiations, which remain non-binding and subject to change, focus on…
A cargo ship was struck by an unidentified projectile in the Strait of Hormuz on June 25, 2026, just hours after several freighters turned around while attempting to exit the critical waterway. The incident, which UKMTO classified as an attack,…
President Donald Trump has directed the U.S. Department of Justice to investigate gasoline prices, alleging that major oil companies are not reducing pump prices in line with falling crude costs. In a Truth Social post, Trump criticized Exxon Mobil, Chevron,…
John Groendyke, the former chairman and CEO of Groendyke Transport and past chairman of the National Tank Truck Carriers, has died at the age of 81. Groendyke took over the company after the death of his father, Harold, who founded…
Private equity giant Bain Capital is set to acquire a controlling 51% stake in Volkswagen’s heavy-diesel engine unit Everllence for approximately $8.4 billion, with Volkswagen retaining a 49% holding, according to a company statement confirmed by Bloomberg. The deal is…
A cluster of four New World screwworm cases on a single property in Terrell County, Texas, has become the largest reported in the U.S. since the parasite was detected earlier this month. The U.S. Department of Agriculture confirmed three cattle…
Lord Drake Kustoms, the renowned custom Harley-Davidson workshop in Vélez-Málaga, Spain, founded in 2013 by Fran Manen, has once again cemented its reputation as a global leader in bespoke motorcycle craftsmanship. The latest creation, Babylon, is not just another custom…
Freight tonnage in the U.S. for-hire trucking sector continued its recent slowdown in May, with the American Trucking Associations’ (ATA) For-Hire Truck Tonnage Index dropping 2% month-over-month to 114.4. Despite the decline, the index remained 0.6% above May 2025 levels,…
John E. Wren, a towering figure in Minnesota’s trucking industry and a former chairman of the American Trucking Associations (ATA), died on June 16 at the age of 80. Wren led Lakeville Motor Express from 1979 until its sale in…