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Updated: 17 min 59 sec ago

Shell profit surges as oil trading and refining margins boom

Thu, 07/30/2026 - 11:22
Adjusted net income rose to $9.8 billion, more than doubling from a year earlier, London-based Shell said in a statement.

Stellantis profit hit by tougher competition from China

Thu, 07/30/2026 - 10:19
Adjusted operating income of $335 million in Q2 came in below analyst estimates, with Stellantis on July 30 citing high raw-material costs and weak pricing in Europe.

ODFL sees a freight market upcycle with a long lifespan

Thu, 07/30/2026 - 10:00
The ongoing freight market rebound has a lot of road left on its journey following the longest downturn in industry memory, according to ODFL CFO Adam Satterfield.

Amazon’s Zoox gets green light to deploy 5,000 robotaxis

Thu, 07/30/2026 - 09:27
The decision could expand robotaxi availability because Zoox vehicles lack steering wheels and pedals and require federal approval.

Economy grows a sluggish 1.5% with inflation remaining high

Thu, 07/30/2026 - 08:28
The Commerce Department reported July 30 that growth in U.S. gross domestic product decelerated from 2.1% in the first three months of 2026 and came in below economists' expectations.

Revoy develops device to convert trucks to electric

Thu, 07/30/2026 - 07:36
The San Francisco-based company has built a detachable unit with an electric motor and batteries that sits between the truck’s tractor and trailer.

Oil prices volatile after 'heavy wave' of U.S. strikes

Thu, 07/30/2026 - 07:12
Brent crude, the international standard, slipped 0.2% to $87.92 per barrel after rising earlier. It was trading around $72 a barrel in late February, before the Iran war began.

Reorganization charge pushes ArcBest into red in Q2

Wed, 07/29/2026 - 16:40
An impairment charge associated with a strategic reorganization pushed ArcBest into the red in Q2 2026, trumping a revenue boost from the freight market's rebound.

Carvana reports slower sales growth, lower profit per vehicle

Wed, 07/29/2026 - 16:00
Carvana tumbled after it said full-year earnings may fall short of Wall Street’s expectations as the used-car retailer’s rapid growth slowed.

Mercedes CEO says China price pressure is here to stay

Wed, 07/29/2026 - 15:01
Mercedes-Benz Group CEO Ola Källenius expects the fierce pricing competition in the Chinese car market to stick around for years to come.

Paccar leaves drivers in autonomous trucks for now

Wed, 07/29/2026 - 14:14
The parent company of Kenworth and Peterbilt has autonomous trucking partnerships with Aurora Innovation, Kodiak AI and Stack.

U.S. is making most fuel since 2019, but it's still not enough

Wed, 07/29/2026 - 14:00
U.S. refiners are turning crude oil into gasoline and diesel at a pace not seen since before the pandemic, but even that is unlikely to rein in soaring prices.

Federal Reserve keeps interest rates unchanged

Wed, 07/29/2026 - 13:21
The Fed’s rate-setting committee reached the 9-3 decision after two days of deliberations, marking the fifth straight meeting at which the benchmark rate was kept at around 3.6%.

Paccar to keep selling current heavy-duty truck engines in ’27

Wed, 07/29/2026 - 11:49
"That’s the engagement we’ve had with many, many customers that that’s their preferred approach," CEO Preston Feight said.

U.S. sanctions ‘extortion network’ targeting Hormuz shipping

Wed, 07/29/2026 - 10:41
The Treasury Department announced new penalties on Persian Gulf Marine Insurance and HormuzSafe Marine Services Authority, which it said force commercial vessels to purchase mandatory maritime “insurance” to transit Hormuz. 

U.S., Iran remain deadlocked over Strait of Hormuz

Wed, 07/29/2026 - 10:03
The conflict looks set to drag on, possibly for months, with the sides unable to achieve a lasting ceasefire deal, according to officials from the U.S., Iran and Europe.

Oil prices rebound as pause in Iran war shatters

Wed, 07/29/2026 - 09:22
Brent crude, the international standard, jumped 5.6% to $86.64 a barrel. Brent oil’s price had swung as low as $72 early this month and as high as $102 last week.

Senators introduce SAFE Act to target chameleon carriers

Wed, 07/29/2026 - 08:51
The legislation would direct FMCSA to study chameleon carriers and plan, develop and test an automation tool to detect chameleon carrier applications.

Walmart becomes major player in EV charging business

Wed, 07/29/2026 - 08:35
In a matter of months, Walmart has become a major player in the burgeoning business of quickly fueling electric vehicles, speeding past Costco with its in-house network of electron pumps. 

BMW offers severance packages to employees to cut 8,000 jobs

Wed, 07/29/2026 - 08:02
BMW and its German peers are slashing expenses in response to challenges including slumping sales in China, U.S. tariffs and high production costs in Europe. 

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