General News
Freight Tonnage Slows as Tighter Capacity Drives May Market
The ATA For-Hire Truck Tonnage Index contracted 2% from the previous month to 114.4. The reading was 0.6% above the number reported in May 2025.
Minnesota Trucking Titan John Wren Dies at 80
John E. Wren, who made an enduring impact on the industry in Minnesota and nationwide, died June 16. He was 80.
Ford Has Been Rehiring Quality Inspectors as AI Falls Short
Over the last three years, Ford says it has hired 350 veteran engineers to help address seemingly intractable quality woes that have cost the automaker billions.
DOT Moves to Scrap Brake Pedal Rule for Autonomous Vehicles
The new rule, part of an ongoing effort by the Trump administration to modernize standards for driverless cars, could ease the path for purpose-built autonomous vehicles including Tesla’s Cybercab.
Oil Tankers Use New Route Through Strait of Hormuz
The naval arm of the Revolutionary Guard said the new route was established “without notice or coordination with the Islamic Republic of Iran,” calling it “unacceptable and completely dangerous.”
Oil Prices Near Prewar Levels
Brent crude, the international standard, was down 0.2% to $73.70 a barrel. The U.S. and Iran continue to negotiate a possible end to their war.
Consumer Prices Jump 4.1% to 3-Year High
Excluding the volatile energy and food categories, core prices rose 3.4% in May compared with a year earlier, up from 3.3% in April and the largest increase since October 2023.
Economy Expanded at 2.1% Pace in Q1 Estimate Upgrade
The growth in GDP marked a rebound from a sluggish 0.5% in the last three months of 2025 when a 43-day federal government shutdown weighed on the economy.
Hertz Shares Plunge After Debt Plan and Profit Warning
Hertz stock plunged the most since its initial public offering five years ago after the car renter warned of pressure on earnings and plans to issue new debt.
Former Tricolor COO Pleads Guilty to Fraud Charges
Former Tricolor Holdings Chief Operating Officer David Goodgame pleaded guilty to fraud charges stemming from the used-car dealer and lender’s collapse in 2025.
NTSB Opens Probe Into Fatal Tesla Crash in Texas
NTSB opened an investigation into a fatal crash this month involving a Tesla sedan in Texas, expanding scrutiny of an incident that has drawn national attention.
Hormuz Reopening Is Quickly Flooding Oil Markets With Supply
Markets are weakening across Europe and Asia as buyers find themselves inundated with offers for cargo.
Agility Robotics Bets on Staffing Warehouses With Humanoids
Agility Robotics becomes the first publicly traded company entirely devoted to building and selling humanoids. Its early customers include Toyota.
Daimler Truck Enters Hydrogen ICE Arena With Keyou Deal
The move by Freightliner and Western Star’s parent company kick-starts competition with Volvo Group’s Cespira hydrogen ICE powertrain joint venture.
Toyota Threatens GM’s Sales Crown as Hybrid Demand Surges
Toyota is expected to grow its market share to 15.8% in the first half of this year, while GM’s share is expected to tumble by almost 1 percentage point to 16.8%.
Tesla Sued After Woman Was Killed by Car Crashing Into House
Tesla’s automated technology failed to detect the end of the roadway and stop before slamming into a brick house, according to the lawsuit filed June 23 in Texas state court.
Amazon Prime Day Online Spending Beats Estimate on Day 1
Competitors such as Walmart and Target scheduled overlapping promotions, boosting traffic and shopping across the web.
Trump Backs Tariffs, EV Shift at Mack Trucks
Speaking to employees, officials and political allies, the president framed Mack Trucks as a symbol of domestic industrial strength and his trade approach.
Hormuz Fertilizer Flows Recover Significantly
Weekly fertilizer exports through Hormuz have climbed back from near zero for most of the war to almost 530,000 tons in the week ended June 21, Kpler data shows.
Slate Tests Electric Pickup Market With Price Under $25,000
The company is pitching a customizable, low-cost pickup as an antidote to expensive trucks and SUVs, testing whether affordability can broaden the appeal of EVs.