General News
The Keys to a Successful Auction: Why Taylor & Martin Rises Above the Competition
Selling over-the-road transportation equipment can be complicated, time-consuming and disappointing if you conduct a private sale on your own. Alternatively, auctions are a strong, strategic option for a fleet owner to refresh their inventory, and Taylor & Martin is the key to ultimate success.
Used prices to see ‘double-digit’ hike in 2027: Ryder’s Diez
Used tractor pricing increased 6%, and truck pricing rose 3% year on year in the second quarter of 2026, Miami-based Ryder said when releasing its Q2 earnings.
Retail earnings show consumers keep spending for right price
Faced with high prices, dwindling savings and slowing wage growth, Americans are searching for deals and unique merchandise while shying away from big purchases.
Deere narrows profit outlook, sees farm recovery in 2027
Deere estimated net income for the fiscal year between $4.75 billion and $5 billion, compared with its previous outlook for $4.5 billion to $5 billion.
Port of Los Angeles had second-busiest July on record
The nation's busiest port processed 499,552 TEUs in July. That’s 8% lower than the record set for July last year, but 6% higher than the port’s five-year average for the month.
Oil prices surge as U.S. threatens pressure on Iran
Brent crude, the international standard, surged 2.4% to $93.83 a barrel. It was trading at roughly $72 per barrel before the war.
CK Hutchison seeks $1.5 billion in damages from Panama
Panama’s government in February seized the Balboa and Cristobal ports after its Supreme Court ruled that a concession held by CK Hutchison’s subsidiary to run the two ports was unconstitutional.
Walmart sees slowest pace in U.S. comparable sales in 6 years
Walmart’s U.S. e-commerce business, which has become an engine of growth for the retailer, rose 24%, trailing the first-quarter pace of 26%.
Several Fed officials signal support for higher rates
The record showed participants’ inflation outlooks were “highly uncertain” and the re-escalation of the Iran war “clouded the inflation outlook.”
New Pennsylvania law targets unlicensed CDL schools
Pennsylvania regulators can now impose civil penalties of up to $25,000 on unlicensed commercial driver training schools under a new state law.
U.S. to halve tariffs on Canada steel, aluminum, reports say
The move under discussion would generally halve U.S. tariffs on imports of the two metals, which currently face a 50% rate.
U.S. fuel makers run refineries at fastest pace of Iran war
Refineries processed 17.4 million barrels of crude oil on a daily basis last week, according to EIA. That surpassed any point since September 2019.
U.S. trailer orders rise 97% in July
U.S. trailer orders defied seasonal expectations in July, though the resulting gain from the prior year was against lukewarm results.
Iran risks losing key economic lifeline as UAE halts trade
The UAE acts as a major financial and business hub for Iranians, and has in recent years been the Islamic Republic’s biggest trading partner, with billions of dollars of goods imported.
Lowe’s cuts outlook as soft housing market curbs demand
Comparable sales, which measure results at locations open at least a year, grew 0.2% in the second quarter, missing the average of estimates compiled by Bloomberg.
JBS seeks rest of Pilgrim’s Pride stake in $1.2 billion deal
Consumer demand for chicken has continued to grow, making the sector a more lucrative one for U.S. meatpacking operations that have been losing money in the beef market.
Target sales rebound as shoppers respond to new merchandise
Target is emerging from more than a year of weak comparable sales. A 5.6% jump in the first quarter offset a 3.8% decline in 2025.
Amazon to expand drone delivery to 500 cities
Customers could receive the drone deliveries in as fast as 30 minutes, Amazon said in a news release. The drones can carry packages up to 5 pounds.
Trump to delay 50% tariffs on Canadian goods for 3 days
The announcement buys time for more negotiations and avoids, for now, another strain in already tense relations between the historic allies.
Oil prices climb with no change over Strait of Hormuz
Brent crude, which was trading for around $70 per barrel before the start of the war, gained 1% to $91.91 per barrel early Aug. 19.