General News
Diesel Price Edges Up 1.2¢ to $3.739 a Gallon
The national average diesel price showed a modest post-holiday uptick, rising 1.2 cents a gallon to $3.739 a gallon, according to U.S. Energy Information Administration data released July 8.
Daimler Truck to Double Defense Business, Cut 5,000 Jobs
Daimler Truck said it plans to double the size of its defense business by 2030 as it seeks to profit from higher military spending globally, and will cut 5,000 jobs in Germany.
A Look at the 14 Countries That Received Trade Letters
Here's a look at the 14 countries that received letters from President Donald Trump outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1.
Some Sellers Sit Out Prime Day Over Tariffs
Amazon’s Prime Day is slamming into President Donald Trump’s trade war, with ever-shifting tariffs prompting some brands to sit out the sale and some shoppers hinting they plan to pull back.
Ram Pickup Trucks Back in NHTSA Probe After 7 Injuries
U.S. auto safety regulators are investigating whether earlier recalls of more than 1 million Ram pickups did enough to address a flaw that could lead to trucks rolling away unexpectedly.
Fed Sees 9% Chance Rates Fall Back to Zero
The Federal Reserve can’t assume its benchmark lending rate won’t return to zero at some point in the future, according to a group of New York Fed researchers.
Daimler Truck Sets $2.34 Billion Share Buyback
Daimler Truck Holding AG will buy back $2.34 billion of its own shares, continuing a policy of returning cash to shareholders while managing the transition to low-emission vehicles.
Trump Says He’ll Levy 25% Tariff on Japan, South Korea
President Donald Trump announced tariffs of 25% on goods from Japan and South Korea beginning on Aug. 1, as he moved to impose unilateral rates on countries that have not yet secured trade deals.
Nissan to Sell $1 Billion Convertible Bonds for Recovery
Nissan plans to sell about $5 billion in debt to help fund CEO Ivan Espinosa’s turnaround of the ailing automaker, part of a broader financing initiative to keep operations on track.
Oregon Backs $100 Million Coos Bay Container Terminal
Oregon lawmakers on June 30 approved $100 million for a new container terminal at the Port of Coos Bay, propelling the Pacific Coast Intermodal Port from proposal to construction plan.
Diesel’s Supply Crunch Leaves Market Hungry for Barrels
U.S. stockpiles of diesel products have dropped to the lowest for the time of year since 1996, while in Europe benchmark futures are signaling a tight market.
Trump Shifts Tariff Start to Aug. 1 as Deal Deadline Looms
U.S. officials signaled that trading partners will have until Aug. 1 before the tariffs kick in. Trading partners face a July 9 deadline to reach a deal.
OPEC+ to Boost Oil Production by 548,000 Barrels a Day
Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices this year.
Daimler Truck to Open Assembly Plant in Senegal
Daimler Truck plans to have trucks from various Mercedes-Benz series assembled in Senegal to supply special vehicles for defense, disaster relief and municipal tasks.
Sales Fall in Q2 for Daimler Truck
Sales fell in the second quarter for German commercial vehicle manufacturer Daimler Truck Holding due to sharply lower sales in the Trucks North America segment.
Summer Surge in Cargo Theft
Criminal networks are zeroing in on supply chains this summer. With thefts rising fast, especially in truck yards, now’s the time to rethink your security strategy.Read how organized crime is evolving in our latest blog.
What Killing Tax Credits Means for the EV Market
The Trump administration’s plan to scrap federal incentives for EVs will be a major speed bump for battery-powered transportation in the U.S., but not a brick wall, according to forecasts.
Nikola Customers’ Conundrum: Innovate or Park the Truck?
Some customers have secured the fuel their tractors need. Others parked the trucks as court proceedings play out. All continue to work the phones in search of more amenable solutions.
OPEC+ Talking About a Fourth 411,000-Barrel Hike in August
OPEC+ is discussing another 411,000 barrel-a-day production increase for August ahead of the group’s videoconference this weekend, according to delegates who asked not to be identified.
DHL Supply Chain North America Promotes Kunar to CEO
Mark Kunar, previously DHL Supply Chain North America’s chief financial officer and chief strategy officer, replaces Patrick Kelleher. He'll report to Oscar de Bok, DHL Supply Chain CEO.