General News
Oil prices jump after Trump says Iran ceasefire is 'over'
The price of Brent crude oil jumped 6.3% to $78.80 a barrel. U.S. benchmark crude surged 6.4% to $75 a barrel.
Paccar, Cummins roll out DEF derate software updates
Cummins and Paccar are rolling out software updates tied to revised EPA guidance on DEF inducement. The changes aim to improve uptime and maintain missions compliance.
How did the New World screwworm get into the United States?
As the deadly New World screwworm spreads through Texas, posing significant risk to the U.S. cattle herd, experts are still wondering how it got there.
Treasury revokes waiver for Iranian oil sales
The U.S. Treasury Department revoked a waiver that allowed the sale of Iranian oil in response to attacks on tankers in the Strait of Hormuz.
Trucking coalition seeks federal marijuana test plan
A two-page letter outlined precautions the government agencies should take as the DEA prepares to downgrade marijuana’s Schedule I classification.
Latest Amazon bond demand cools after March debt sale
When Amazon sold its biggest-ever bond earlier this year, it was inundated with investor orders amid hype about the AI boom. This time around, there’s less fanfare.
Rivian plans 75 million-share sale tied to DOE loan
Rivian's stock tumbled the most in more than a year after it said it will sell 75 million shares to fund equity contributions related to an Energy Department loan.
USMCA uncertainty clouds outlook for trucking
The lack of clarity is adding volatility to a freight market seeking a smooth ride to greater prosperity after the longest downturn in industry memory.
BP drove up European jet fuel output by 30% during Iran war
BP boosted jet fuel production at its European refineries by about 30% during the Iran conflict, helping the region avoid major shortages while millions of barrels were locked up in the Persian Gulf.
Shell says oil, gas trading strong as war drives volatility
Shell’s trading update offers a first glimpse into how Big Oil fared in a quarter when crude prices hit their highest since the invasion of Ukraine in 2022.
China buys more U.S. soybeans as agricultural trade ramps up
State-owned firm Cofco has booked at least six cargoes of U.S. soybeans for loading between September and October, Bloomberg reported.
Palmer deal gives logistics firm H.Essers U.S. market entry
H.Essers is entering the U.S. market by bringing chemical warehousing firm Palmer Logistics into its operations and outlining plans for expansion.
EU aims to cut dependency on U.S. soy, oilseed imports
The European Commission, the bloc’s executive arm, wants 35% of oilseeds and protein crops used in animal feed to be EU-grown by 2035.
Trade deficit widens to biggest in more than a year
The gap in goods and services trade grew 42.2% from April to $77.6 billion, Commerce Department data showed July 7.
2 tankers hit in latest attacks in the Strait of Hormuz
Tehran, which has repeatedly declared that only its approved route through the strait is safe, is suspected of attacking other ships that have used another route close to the Omani shore.
Walmart cuts prices as Trump claims credit
Walmart has benefited in part from higher inflation under Trump, as consumers have turned to its stores and website in search of lower prices.
Forced-labor hearing paves way for more Trump tariffs
White House officials have made it clear that they plan to use the investigations to restore import taxes to levels in place under Trump’s emergency tariffs.
Service sector expanded at slower pace in June
Fourteen industries reported growth in the June ISM report, including transportation and warehousing. Four industries, including agriculture, contracted.
Toyota to shift some Tacoma output to Texas from Mexico
Toyota is moving some of the production of its popular Tacoma midsize truck from a plant in Mexico to San Antonio as part of a $3.6 billion investment in the facility.
Delta pilot reports firework hit plane above Chicago
A Delta Air Lines flight and a high-flying firework reportedly came into contact in the sky above Chicago as the city celebrated the Fourth of July holiday.