Proficient Auto Logistics will buy Hansen & Adkins for $130 million in a deal that would make the combined entity the largest auto hauler in North America.

Ann-Marie Campbell, senior executive vice president, will oversee day-to-day operations, and CFO Richard McPhail will lead financial management and the company’s subsidiaries involving professional contractors. 

The escalating rhetoric raises further doubt that any immediate deal can be reached over the strait, through which a fifth of the world’s oil flowed before the U.S. and Israel started attacking Iran on Feb. 28.

Consumer prices rose 3.4% in July from a year ago, down from 3.5% in June, and up 0.1% from June.

Okuda served as president then chairman of Toyota from 1995 through 2006. He is especially remembered for having led the development of the gas-electric hybrid Prius, introduced in 1997.

The price of a barrel of Brent crude rose 0.19% to $89.08. U.S. gasoline prices edged 2 cents higher overnight to a national average of $4.04 per gallon, according to AAA. 

As the conflict extends into a sixth month, consumers around the world are once again facing the prospect of higher fuel prices and inflation.

Production soared 51.8% year over year in July to 14,675 trucks and buses from 9,668 vehicles in the year-ago period.

A “normal” cattle flow could be seen as soon as the second quarter of 2027, according to Wesley Batista Filho, who takes over as CEO next year.

ACV also is weighing a strategic partnership as an alternative to a sale, according to sources cited by Bloomberg.

Boeing will take an almost 20% stake in Archer and enter into a technology-sharing arrangement, through which Boeing will retain access to the Wisk core autonomous flight technology for its current and next-generation commercial and defense aircraft.

The shuttling and transfers of barrels are providing a vital lifeline for global energy markets during the ongoing tensions in the region.

Brent crude oil dipped 0.6% to $87.18 a barrel, after surging 5% on Aug. 10 due to uncertainty over when the Strait of Hormuz may reopen.

Samsung will buy GM’s 49.99% stake in the venture and operate it as a wholly owned entity, the South Korean battery maker said in a statement Aug. 11.

Trump narrowed the scope of relief from the Jones Act, requiring case-by-case reviews of individual voyages after pleas from shipbuilders that argue the policy hurts the domestic industry. 

Teamsters California is suing the state DMV to stop its amended regulations allowing permits to test and use heavy-duty autonomous vehicles.

Daimler Truck does not expect to shutter any additional North American manufacturing plants as a consequence of plans to build its largest U.S. assembly facility.

Wesley Batista Filho will take over as global CEO in January after spending the past three years leading the company’s U.S. division.

The sweeping new demands from Trump are almost certain to be rejected by Iran and come after Tehran reiterated requests for reparations over the weekend.

FMCSA has proposed codifying English-language proficiency enforcement standards for commercial drivers.