General News
IIHS Takes Next Step Toward Heavy-Duty Truck Safety Ratings
Passenger vehicle safety ratings have existed for decades, but until now no comparable commercial vehicle evaluations had been carried out and made public.
U.S. Ends Hormuz Blockade as Negotiations Restart
Vice President JD Vance downplayed concerns Iran could eventually impose tolls on traffic through the Strait of Hormuz.
First Brands Lender Can’t Dispense Cash From Inventory Sales
The decision is an early victory for Bank of America in its lawsuit against Aequum. The two lenders each claim collateral rights over car parts built by First Brands.
Waymo Recalls Robotaxis Over Driving Through Work Zones
Waymo vehicles failed to recognize freeway construction zones in 13 instances in Phoenix and San Francisco in April and May, according to a June 17 filing with NHTSA.
Kroger Sales Rise on Steady Demand for Groceries, Essentials
The nation’s largest supermarket operator said June 18 that same-store sales grew 1% excluding fuel.
Trump Poised to Set New Tariffs as He Refunds the Old Ones
It’s unclear how quickly or how much in refunds will flow through to consumers, and fresh duties are set to hit as the U.S. economy absorbs higher costs for goods tied to the Iran war.
Gas Prices Fall Below $4 for First Time Since March
Fluctuations in gas prices remain across the country. In California, gas prices are averaging $5.64 per gallon, while in South Carolina it’s $3.58 per gallon.
Oil Prices Continue Downward Trend
The price for a barrel of Brent crude oil fell $1.19 to $78.36. It’s still above its roughly $70 price from before the war.
Trump Says He Understands Canada’s Chinese EV Quota
President Trump is happy with Canada’s arrangement to allow a capped number of Chinese EVs to be imported at a low tariff rate, Prime Minister Mark Carney said.
Trump Says He Would Prefer No USMCA Deal
President Trump said he'd rather the U.S. not be a part of the U.S.-Mexico-Canada trilateral trade pact but sent mixed signals about an upcoming renewal deadline.
Oklahoma Crude Inventories in Cushing Fall Near Minimum
Customers desperate for oil are draining so much of it from giant storage tanks in Oklahoma that producers are having trouble keeping up.
Bendix, Aeva to Build Lidar Truck Safety System
Aeva and Bendix Commercial Vehicle Systems plan to develop an active safety system for Class 8 trucks combining their technologies.
Stellantis CEO Says Maserati Has 2 Potential Partners
Stellantis CEO Antonio Filosa said the company is in talks with two potential partners for Maserati "that can bring technologies and a series of excellent ideas."
USA Truck Expands Veteran Hiring With Apprenticeship
USA Truck is launching a military apprenticeship initiative designed to ease the transition to civilian life for service members entering transportation.
Federal Reserve Keeps Key Rate Unchanged
In an unusually short statement after their two-day meeting, Fed officials dropped language that had suggested their next move would be to cut their key rate.
UAE Moves to Cut Dependency on Strait of Hormuz to ‘Zero’
At the heart of the UAE’s plan is a major expansion of the eastern ports of Dibba, Fujairah and Khor Fakka, accompanied by a significant investment in new pipelines, rail and road networks.
J.B. Hunt Expects Dedicated Boost From Montgomery Case
Dedicated carriers can expect a boost from the Montgomery v. Caribe Transport II ruling by the Supreme Court, according to a senior executive at J.B. Hunt.
Iraq Takes Steps to Boost Oil Exports When Hormuz Reopens
Iraq’s moves highlight preparations by major Middle Eastern producers to start returning their oil exports through the vital Hormuz waterway, which has been largely shut since the war started.
C.H. Robinson Sees Clarity in Montgomery Decision
“The Supreme Court’s decision in Montgomery v. Caribe gives the clarity we sought," said Dorothy Capers, chief legal officer at C.H. Robinson.
Uber Offers Robotaxis in Houston to Take On Waymo
The move is a step toward Uber challenging Alphabet’s Waymo, which has also been a partner of the ride-hailer.