Fuel markets hit record tightness amid Hormuz escalation, threatening higher pump prices
Global fuel markets have tightened to record levels as renewed Middle East conflict and tanker attacks in the Strait of Hormuz raise…
Commercial Vehicles
Trump scraps Strait of Hormuz cargo fees, pivots to Gulf investment push
U.S. President Donald Trump on July 14, 2026 abandoned plans to impose a 20% cargo fee on ships transiting the Strait of…
Escobedo Underpins Mexican Truck Production Growth in June
Mexican heavy-duty commercial vehicle production saw a 7.6% year-over-year increase in June, with International Motors’ Escobedo plant leading the way. The Escobedo…
Uber in advanced talks to acquire Delivery Hero in major food-delivery consolidation move
Ride-hailing giant Uber Technologies Inc. is in advanced negotiations to acquire German food-delivery platform Delivery Hero SE, according to people familiar with…
LTL carriers set sights on expansion amid truckload capacity squeeze
Less-than-truckload (LTL) carriers are poised for further growth as truckload capacity tightens, driving up demand and shipment weights in the second quarter…
Why fully reopening the Strait of Hormuz is a massive challenge for the U.S.
The U.S. is struggling to force Iran to fully reopen the Strait of Hormuz, a critical chokepoint through which roughly 20% of…
Oil Prices Soar Over $85 as Fighting Flares in Middle East
Oil prices have surged over $85 as fighting intensifies in the Middle East, with Brent crude rising 4.1% to $86.73 a barrel…
The Feds Might Let Robotaxis Skip The Steering Wheel
The National Highway Traffic Safety Administration (NHTSA) is considering removing the requirement for traditional brake pedals and steering wheels in robotaxis. NHTSA…
US budget deficit balloons to $1.37 trillion as tariff refunds surge after Supreme Court ruling
The US federal budget deficit widened 2% to $1.37 trillion in the first nine months of fiscal 2026, Treasury Department data showed…
China’s car fleet is under 7 years old on average—America’s is nearly 13—giving its 2030 EV push a major advantage
China’s aggressive push to electrify its roads is getting a tailwind from the age of its car fleet. The average vehicle on…