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
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
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
Chevron CEO Mike Wirth has warned that multiple vessels transiting the Strait of Hormuz have been attacked in recent days, highlighting the persistent security risks in the Persian Gulf despite potential peace talks between the U.S. and Iran. Speaking at the … Read more
Global oil prices edged lower on May 29, 2026, after reports emerged of a tentative U.S.-Iran agreement to extend their ceasefire by 60 days. Brent crude, the international benchmark, slipped 0.1% to $92.58 per barrel, while U.S. benchmark crude also fell … Read more
U.S. law enforcement has dismantled multiple alleged cargo-theft rings operating online, with stolen freight resold through Facebook Marketplace, eBay, and the live-streaming marketplace Whatnot. Police say transnational crime groups are flooding online platforms with high-value, easily redistributed goods, turning logistics hubs … Read more
The United States Postal Service (USPS) has suspended discretionary spending across the organization due to a temporary cash-flow shortage. Postmaster General David Steiner announced the move in a memo to employees, citing the need to manage available resources responsibly. The restrictions … Read more
The U.S. Surface Transportation Board (STB) has accepted Union Pacific and Norfolk Southern’s $72 billion merger application but paused its review pending additional information, giving the companies until July 27 to address competition and public-benefit concerns. Shares of both railroads plummeted—Union … Read more
ArcBest has rolled out ArcBest View, a new digital logistics platform designed to centralize shipment management across its services. Launched on May 27, the platform allows customers to quote, book, and manage shipments in a single interface while providing real-time visibility … Read more