Despite threats and attacks by Yemen’s Houthi militants, millions of barrels of Saudi Arabian crude are still being shipped from the nation’s Red Sea coast to the global market. The Red Sea port of Yanbu is one of the oil…
Overseas refiners have increased purchases of U.S. crude oil due to supply concerns in the Middle East and Black Sea. Attacks on Saudi oil tankers and disruptions in Kazakhstan have led to a surge in demand for U.S. crude, with…
Oil prices surged past $100 a barrel on July 23, 2026, driven by renewed Middle East conflict, pushing U.S. gasoline to a national average of $4.09 per gallon. Analysts warn pump prices could climb further in the coming weeks, with…
Oil prices have steadied, with Brent crude falling $3.02 to $97.67 a barrel, despite ongoing concerns over the war in the Middle East and looming tariff hikes. The conflict in the region has threatened to slow the global flow of…
Chinese tire giant Doublestar Group has projected a return to profitability in the first half of 2026, driven by the completion of its major asset restructuring with South Korea’s Kumho Tire and the resulting operational synergies. In a 15 July…
Germany’s electric-vehicle market just flipped a historic switch. In June, battery-electric cars outsold every other powertrain for the first time, grabbing 28.4 percent of the country’s new-car registrations with 84,057 units sold. Hybrids finished a razor-thin second at 28.1 percent…
President Donald Trump has imposed new Section 301 tariffs ranging from 10% to 12.5% on imports from 60 countries, citing inadequate enforcement of forced labor bans. The levies take effect at 12:01 a.m. ET on July 24, 2026, immediately replacing…
Swiss logistics giant Kuehne+Nagel is exploring strategic options for its Apex Logistics unit, including the potential sale of a roughly 20% stake or a Hong Kong stock market listing, according to people familiar with the matter. The deliberations are ongoing…
Aurora Innovation has officially unveiled its second-generation autonomous trucks, marking a major step forward in commercial driverless operations. The company revealed the new trucks on July 22, confirming plans to deploy a 200-strong fleet of fully driverless International LT Series…
Fleets are increasingly abandoning Google searches and static internal vendor lists in favor of dedicated heavy-duty service locators like TruckDown.com to slash downtime and boost efficiency when breakdowns strike. Every minute a truck sits idle costs fleets revenue, missed deliveries,…