Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held a trade call on July 30 to discuss numerous flashpoints between the two countries ahead of Chinese President Xi Jinping’s planned U.S. visit on September 24. The talks covered…
Landstar System CEO Frank Lonegro revealed on July 28 that broker interest in joining the company’s independent agent network has surged in the wake of the Supreme Court’s Montgomery v. Caribe Transport II ruling. The landmark decision stripped away long-standing…
Wabash reported a seismic shift in trailer demand during the second quarter of 2026, marking the most aggressive rebound in four decades. The Indiana-based manufacturer sold 8,292 trailers in Q2, up 3.1% year-over-year from 8,043 units and a staggering 54.2%…
Maritime traffic through the Strait of Hormuz has rebounded in recent days despite persistent hostilities in the Middle East, with U.S. officials confirming that Navy escorts helped maintain oil and gas flows from the Persian Gulf. On July 29, 14…
The U.S. National Highway Traffic Safety Administration (NHTSA) has granted Amazon’s autonomous-vehicle unit Zoox a temporary exemption to commercially deploy up to 2,500 driverless robotaxis each year in the United States over the next two years. The approval, announced on…
Oil prices have been volatile after the U.S. conducted a ‘heavy wave’ of strikes against Iran, responding to an attack on a U.S. base. Brent crude fell 0.2% to $87.92 per barrel, while benchmark U.S. crude lost 0.3% to $84.25…
Hertz, the rental giant, has established a new division called Oro Mobility to support Uber’s robotaxi fleet. Oro will handle charging, maintenance, and repairs for Lucid robotaxis equipped with Nuro autonomous driving technologies. This move comes after Hertz’s previous attempt…
ArcBest reported a $13.8 million net loss in Q2 despite a 15.7% increase in revenue, which totaled $1.18 billion. The company’s operating expenses rose 22.3% to $1.2 billion, largely due to a $34.5 million impairment charge associated with a strategic…
PACCAR, the parent company of Kenworth, Peterbilt, and DAF, will continue selling its current heavy-duty truck engine configurations that do not meet the upcoming 2027 emissions standards, executives confirmed during the company’s second-quarter 2026 earnings call. The decision comes as…
The U.S. Treasury Department on July 29, 2026 sanctioned two Iranian companies and eight shadow-fleet operators it accused of running an extortion network that forces commercial vessels to buy maritime “insurance” before transiting the Strait of Hormuz. The penalties target…