General News
Smucker Sees Lower Coffee Prices in 2027 as Costs Decrease
Packaged food company JM Smucker Co. said it planned to lower coffee prices next year as costs comes down.
Starbucks Brews Up Plan for at Least 5,000 More U.S. Stores
Starbucks CEO Brian Niccol said the coffee chain has the potential to add at least 5,000 more stores in the U.S., echoing comments from earlier this year.
Mexican Truck Production, Exports to U.S. Continue to Rise
Truck and bus makers built 14,543 heavy-duty vehicles in Mexico in May, an 18.2% jump from April, according to the National Institute of Statistics and Geography.
Class 8 Orders Extend Rebound in May
ACT Research preliminary data showed orders increased 103% year over year, while FTR Transportation Intelligence reported an even larger 124% gain.
'Dark' Transits Through Strait of Hormuz Increase
Growing evidence of so-called dark transits suggest that more vessels are moving through the Strait of Hormuz than visible tracking data indicates.
Stellantis Recalls Over 1 Million Jeeps Due to Fire Risk
The issue stems from potential overheating in wiring for the electric hydraulic power steering pump in certain Jeep Wrangler and Gladiator vehicles, according to NHTSA.
U.S. Trade Gap Narrows as Oil Exports Offset AI Imports
The gap in goods and services trade shrank 1.2% in April from the prior month to $55.9 billion, Commerce Department data showed June 9.
Michigan, Canada Plan Opening of Gordie Howe Bridge
The June 12 event with representatives from both countries will mark the completion of the Gordie Howe International Bridge over the Detroit River. The bridge will open for traffic on June 15.
BP CEO Shakes Up Structure in Push Back to Oil and Gas
From July 1, Gordon Birrell will be executive vice president of upstream, while Richard Harding will take on the same role — in an interim basis — for downstream.
Administration Disputes Who Gets to Apply for Tariff Refunds
A U.S. Customs and Border Protection agency official is set to testify in federal court about the government's plans for refunding billions of dollars that importers paid before the Supreme Court struck down Trump's tariffs.
U.S. Airlines Spent $6.5B on Jet Fuel in April, Up 78%
The International Air Transport Association released a report on June 7 saying it now expects airlines worldwide to earn a combined $23 billion in net profit in 2026, down from $45 billion in 2025.
Oil Prices Head Downward After a Day of Increases
Oil prices fell back from gains on June 8. The price for a barrel of Brent crude oil, the international standard, fell $1.25 to $93 per barrel.
Hub Group CFO, COO Exit as Firm Lines Up September Refilings
Two longtime Hub Group executives exited their leadership roles as the firm works to rectify accounting errors that will see it refile a series of earnings.
Amazon Sells C$14 Billion in Bonds, Sets Canadian Record
Amazon sold C$14 billion in high-grade bonds, the largest corporate debt offering on record in the currency, after drawing about twice that amount in demand.
First Brands Gets New Shot at Creditor Vote on Lawsuit Plan
Bankrupt auto parts maker First Brands can seek creditor approval for a revised bankruptcy payout plan as a judge weighs whether to shift the case to Chapter 7.
Senate Panel Sets Sights on Highway Bill
Chairwoman Shelley Moore Capito said the panel is crafting legislation aimed at improving safety and reliability across the nation’s transportation network.
Toyota RAV4s Are the Most Coveted Used Cars in America
Most cars lose value the moment they leave a dealer’s lot. The Toyota RAV4 hybrid gains it.
Kevin Knight Steps Down as Knight-Swift Executive Chairman
The Plain City, Utah, native was CEO of Knight Transportation from 1994 to 2014. He was one of four founders of Knight Transportation in 1990.
Oil Supertanker Orders Eclipse Record Set in 2008
There are currently 262 supertankers, each capable of hauling 2 million barrels of crude oil, on order at shipyards around the world.
G7 to Seek Trump’s Approval of Hormuz Demining Mission
The plan would have American allies deploy assets to the strait within days of a peace deal between the U.S. and Iran.