The U.S. has declined to renew the U.S.-Mexico-Canada Agreement (USMCA) for another 16 years, instead choosing to implement annual reviews of the trade pact, U.S. Trade Representative Jamieson Greer announced on July 1, 2026. The existing USMCA will remain in…
Fraud now accounts for roughly 45% of cargo theft cases, often involving scammers impersonating legitimate carriers to hijack high-value freight. Standard broker vetting—checking active authority, valid insurance, clean safety records, and verified contact details—is increasingly failing because fraudsters hijack existing…
French shipping giant CMA CGM Group has agreed to purchase FedEx Supply Chain, the third-party logistics arm of FedEx Corp., in a cash deal valued at $1.4 billion. The acquisition will bolster CMA CGM’s contract logistics footprint in North America,…
Jim Filter has been named CEO of Schneider, the Green Bay, Wisconsin-based freight and logistics giant, effective July 1, 2026. He replaces Mark Rourke, who will transition to executive chairman of the board. The appointment marks a homecoming for Filter,…
A 2021 Hyundai Palisade, once priced between $33,860 and $49,085 when new, now commands roughly $20,300 for the base SE trim or about $27,200 for the top Calligraphy model—depreciating 40% and 44% respectively after five years. Industry data from Car…
German chemicals giant Covestro has announced plans to construct a new “world-scale” methylene diphenyl diisocyanate (MDI) production train at its integrated site in Shanghai, China, with a capacity of 660 kilotons per annum (ktpa). The project, targeting startup by the…
The U.S. Marine Corps has officially confirmed it has accepted delivery of six brand-new Lockheed Martin F-35B Lightning II stealth fighters—only to discover none of them are equipped with radars. The jets are part of the upgraded Block 4 variant,…
Starship Technologies, the company behind the small, six-wheeled delivery robots that became a familiar sight on US college campuses, is ending its campus operations after a three-year pilot program. The company deployed its fleet of 1,200 robots across more than…
Amazon.com Inc. will pay $2.25 million to settle U.S. Federal Trade Commission (FTC) allegations that it withheld identity-theft records from customers. The settlement, disclosed in a June 29 court filing, stems from an investigation into Amazon’s failure to provide legally…
A Lithuanian immigrant, Aivaras Zigmantas, was sentenced to five years in a U.S. federal prison for masterminding a three-year cargo theft operation that diverted 90 shipments worth over $10.1 million from 22 businesses. The scheme, which ran from March 2020…