General News
Fleets Are Moving Beyond Google
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NHTSA to work on car door safety rules after Tesla deaths
Bloomberg News has reported at least 15 deaths in a dozen incidents in which occupants or rescuers were unable to open the doors of a Tesla that had crashed and caught fire.
Cummins to phase in MY-2027 engines due to EPA NOx rule
Cummins plans to stagger the introduction of two model-year 2027 engines that meet tighter emissions standards after reviewing draft EPA regulations.
Crop prices hit 3-year high as heat, war stoke supply fears
The Bloomberg Agriculture Spot Index, which tracks 10 major crop products, reached the highest since July 2023 on July 22, advancing for a seventh week.
Union Pacific picks up CN's support for acquisition plan
The deal to create the nation's first transcontinental railroad has been divisive within the industry because it would concentrate so much market power in the hands of one company.
Aurora unveils its second-generation autonomous trucks
Aurora’s trucks will be truly driverless, although a roadside assistance specialist may sometimes sit in the back seat to assist with issues on longer routes.
Mobileye founder Amnon Shashua to step down
Shashua, 66, informed Mobileye’s board of his intention to cede the CEO role once a successor is appointed.
Kuehne+Nagel could sell stake in Apex Logistics unit
Kuehne+Nagel has been discussing options with potential advisers, including the sale of a roughly 20% stake in its Apex Logistics business.
Oil prices soar above $98
The price of a barrel of Brent crude oil, the international standard, was up 4.9% to $98.64, its highest level since early June.
Tesla Q2 revenue tops forecasts but profit misses
Tesla missed Wall Street’s profit expectations even after a strong quarter of auto sales in a setback for the electric vehicle maker.
EVs take on new role as home backup power
Vehicle manufacturers are looking to leverage their multibillion dollar EV investments to tap into a promising market in vehicle, home and grid technology.
Chinese ownership threshold threatens Mercedes sales path
A Senate panel advanced legislation that could eventually ban the sale of Mercedes-Benz's vehicles in the U.S. over the automaker’s partial Chinese ownership.
U.S. refiners are ramping up diesel production
Refiners are on track to produce the most diesel the U.S. has ever made in the month of July, and one of the highest months on record outside of winter heating season.
Big Oil set to reap profit bonanza from soaring fuel prices
Earnings from the five supermajors combined will likely be the third-highest on record, estimates show, as they reaped gains from the biggest supply disruption in history.
Trump proposes automatic CDL eligibility for some veterans
President Donald Trump announced plans for some veterans to have automatic eligibility for CDLs during a recent military-related business summit in Pennsylvania.
DP World to build 2 UAE container terminals to skirt Hormuz
The new facilities will add to the UAE’s plans to build oil pipelines and expand other ports as it looks to reduce its dependence on the Strait of Hormuz.
Forward woos $250M customer, retains at least 50% of business
Forward Air will retain at least 50% of the business of a longtime customer that accounted for around 10% of the motor carrier and logistics business’ revenue.
ITE expands intermodal chassis unit with NACPC purchase
NACPC offers regional pools of intermodal chassis, allowing drayage companies to avoid owning their own equipment. The company has about 20,000 chassis.
Tesla’s Cybertruck could be as big a flop as the Ford Edsel
Edsel sales dropped each year the model was on the market, and Ford discontinued the car in 1959. Cybertruck sales are off to an even worse start.
Houthi threats give oil markets a ‘2-chokepoint problem’
“Middle East risk has become a two-chokepoint problem,” Standard Chartered analysts including Emily Ashford wrote.