July 15, 2026 4:22 pm, EDT Customers will be able to avail customs clearance, compliance, transportation and distribution and fulfillment solutions through the entity. (Artistic Operations/Getty Images) key takeaways: The Des Moines, Iowa-based motor carrier and logistics company said Ruan launched a customs brokerage in early July. The brokerage will expand the truckload-focused carrier’s international
July 15, 2026 5:30 pm, EDT Commercial ship in the Strait of Hormuz near Bandar Abbas, Iran. (Amirhossein Khorgui/ISNA via Associated Press) key takeaways: The US carried out airstrikes on Iran for the fifth consecutive day, targeting missile storage and launch sites on Greater Tunb Island on 15 July. The renewed conflict has restricted shipping
July 15, 2026 4:06 pm, EDT During this process STG reduced its funded debt obligations by more than $1 billion. (STG Logistics) key takeaways: STG Logistics emerged from Chapter 11 bankruptcy on July 9 after filing on January 12 in New Jersey, and continued operations during the reorganization process. The company reduced funded debt by
July 15, 2026 2:02 pm, EDT The Ohio chemical and oil products tanker unloads cargo at the Port of Long Beach, California, on May 7. (Tim Rue/Bloomberg) key takeaways: Trump administration officials are considering expanding Jones Act exemptions that have eased domestic shipping restrictions for energy products amid disruptions linked to the renewed conflict in
July 15, 2026 1:34 pm, EDT Ground was broken at the Mississippi site in May 2024, and construction of a 2.6 million-square-foot battery factory in Byhalia began two months later. (Daimler Truck AG) key takeaways: Amplify Cell Technologies expects construction of its Mississippi battery cell factory to be completed by the end of 2026, but
July 15, 2026 9:46 am, EDT ID. Available for cross order. (Volkswagen AG) key takeaways: Volkswagen launches the ID. The Cross electric subcompact SUV, starting from around 28,000 euros in Europe, is expanding its lineup of low-cost EVs. Strong EV demand, government subsidies and higher fuel prices helped plug-in vehicle sales grow 29% and registrations
July 15, 2026 10:43 am, EDT The bridge will open for traffic on June 15. (Gordie Howe International Bridge) key takeaways: The US and Canada offered conflicting accounts of a profit-sharing deal involving the Gordie Howe International Bridge ahead of its planned opening on July 27. Prime Minister Mark Carney said debt-service costs reduce profits
July 15, 2026 10:10 am, EDT The Eneos Endeavor supertanker conducted a dark transit through the Strait of Hormuz in May. (Akio Kon/Bloomberg) key takeaways: Supertankers have increasingly been involved in recent attacks on commercial shipping during the Iran war, highlighting the challenges of reviving the flow of the region’s oil to the global
(Images: General Motors | GMC) The original Hummer H2 just turned 25 years old, and GMC is marking the occasion with its electric offspring. For the past quarter-century, you’ve been able to roughly divide opinion on the iconic Hummer SUV into “it’s bad” or “it’s obnoxious.” There wasn’t much room for gray area, and to
July 15, 2026 8:18 am, EDT The ships anchored in Oman near the Strait of Hormuz in June. (AFP/Getty Images via Bloomberg) key takeaways: Oil prices rose as Iran threatened to block Middle East energy exports. President Donald Trump announced on July 13 that the US blockade of Iranian ports had been resumed as an