Kroger reported on June 18, 2026, that same-store sales rose 1% excluding fuel, beating Wall Street expectations as consumers continued to prioritize groceries and essentials amid inflation and higher fuel costs. The gain reflects a shift toward budget-conscious spending, with…
The U.S. government refunded nearly $22 billion in unlawfully collected tariffs in May after courts struck down former President Donald Trump’s emergency import duties, even as many tariffs remain in force. Economists warn that average U.S. tariff rates are holding…
Global oil prices extended their decline after the United States and Iran finalized an initial agreement to end their war, with Brent crude dropping $1.19 to $78.36 per barrel on June 18, 2026. U.S. benchmark crude also fell, slipping $1.56…
U.S. gasoline prices have dropped just below $4 per gallon for the first time since March, averaging $3.999 nationally as of June 18, 2026, according to AAA. The decline follows a 15% drop in crude oil prices this month and…
Sailun Group plans to invest $1.14 billion in a major tire capacity expansion project in Egypt, which would significantly increase its production footprint in the country and support growing demand across Africa, Europe, and North America. The project, dubbed the…
America’s oldest African-American-owned business, E.E. Ward Moving & Storage Co., opened in 1881—five years before Carl Benz patented the first automobile in 1886. Founded by John T. Ward and his son William with two horses and a wagon, the company…
USA Truck has launched a two-year Military Apprenticeship Program to help transitioning service members move into driving and diesel technician roles. The program, developed in partnership with Fastport, allows eligible participants to receive company wages and a military housing allowance…
The United Arab Emirates has launched an aggressive plan to eliminate its reliance on the Strait of Hormuz, a critical chokepoint for global energy shipments, following disruptions caused by regional conflict. Speaking to Bloomberg News, UAE Minister of Foreign Trade…
J.B. Hunt Transport Services expects a significant tailwind for its dedicated trucking operations following the U.S. Supreme Court’s Montgomery v. Caribe Transport II ruling, which broadens liability risks for freight brokers and could tighten capacity across the sector. Speaking at…
Iraq is accelerating preparations to boost oil exports from its southern ports ahead of the formal reopening of the Strait of Hormuz, scheduled for June 19, 2026. The anticipated resumption of maritime traffic through the critical chokepoint has eased global…