U.S. to halve tariffs on Canadian steel and aluminum to 25%, reports say
The United States is poised to slash tariffs on certain Canadian steel and aluminum imports from 50% to 25% under a tentative…
Commercial Vehicles
U.S. refiners hit wartime highs as Iran war drives record crude runs
U.S. fuel refiners are operating at the highest capacity since the Iran conflict began, processing 17.4 million barrels of crude oil per…
Iran faces economic blow as UAE cuts all trade and financial ties amid regional tensions
The United Arab Emirates has suspended all trade and financial transactions with Iran, escalating economic pressure on the Islamic Republic after a…
Trump delays 50% tariffs on Canadian goods for three days amid trade deal talks
President Donald Trump announced on August 18, 2026, a three-day delay to the planned 50% tariffs on $20 billion worth of Canadian…
Oil prices surge as Strait of Hormuz tensions remain unresolved
Global oil prices surged again on August 19, 2026, as the conflict over the Strait of Hormuz showed no signs of resolution,…
July medium-duty truck sales rise on Class 6 strength
U.S. medium-duty truck sales rose 4.8% year-over-year in July, driven entirely by a 39.4% surge in Class 6 demand, according to Omdia…
Mexico considers tariffs on Chinese imports as trade pact review looms
Mexico is evaluating new or higher tariffs on selected imports from China and other countries, with steel products and vehicles among the…
Starwood Property Trust and Realterm arrange $672M loan for U.S. outdoor storage portfolio
Starwood Property Trust Inc. and Realterm, a global transportation-focused investment manager, have teamed up to provide a $672 million loan for a…
Grubhub and DoorDash Deploy Serve’s Delivery Robots After Uber Exits
Delivery giants Grubhub and DoorDash are rolling out Serve Robotics’ sidewalk delivery robots in new U.S. markets, marking a major expansion for…
Diesel refining margins hit record $100+ per barrel amid global supply crunch
U.S. diesel refining margins, measured by the diesel crack spread, surged past $100 per barrel in mid-August 2026, shattering previous records and…