Palmer, founded in 1965, operates 14 facilities and approximately 3.8 million square feet of storage capacity, primarily on the Gulf Coast. July 7, 2026 12:00 PM, EDT key takeaways: H.Essers entered the US market by acquiring Houston-based chemical warehousing firm Palmer Logistics into its operations, financial terms were not disclosed. Palmer operates 14 Gulf Coast-focused
Soybeans from last year’s crop are loaded into a truck on April 6 at Doug Bartek’s farm near Wahoo, Neb. (Charlie Riddell/AP) July 7, 2026 12:12 pm, EDT key takeaways: China increased purchases of US soybeans with COFCO booking at least six cargoes for September-October following the summit in May between President Donald Trump and
A sign displaying the prices of unleaded gasoline and diesel at a Shell gas station in Miami Beach, Florida. (Jack Bennett/Bloomberg) July 7, 2026 12:57 pm, EDT Shell Plc said it delivered another strong oil and gas trading result in the second quarter as it benefited from market turmoil caused by the Iran war. Oil
A worker stands under the wing of an aircraft while refueling at Dublin Airport. (Chris Ratcliffe/Bloomberg) July 7, 2026 1:51 pm, EDT key takeaways: BP increased jet fuel production at European refineries by about 30% during the Iran conflict, helping prevent shortages caused by halting shipments through the Strait of Hormuz. The war disrupted Middle
Certainty aids trading volume and therefore trucking, as executives and investors can make more informed decisions. (Judy Bottoni/Associated Press) July 7, 2026 2:20 pm, EDT key takeaways: The United States did not renew the USMCA by the July 1 review deadline, raising concerns that a new trade agreement could take years. Officials said the uncertainty
Rivian R1s and R1t electric vehicles at a dealership and service center in San Francisco. (David Paul Morris/Bloomberg) July 7, 2026 at 3:00 pm, EDT key takeaways: Rivian shares fell more than 14% on July 7 after the EV maker announced it was selling 75 million shares. The offering will raise approximately $1.5 billion at
New World screwworm flies at a sterile screwworm fly production facility in Metapa, Mexico. (Mauricio Palos/Bloomberg) July 7, 2026 5:00 pm, EDT key takeaways: New World screwworms have been detected in 32 animals in Texas since the beginning of last month, the first US livestock case in nearly five decades. Officials and experts say the
A Packer MX-13 engine. The parent company of Kenworth and Peterbilt will introduce updated software for vehicles equipped with MX-11 and MX-13 engines. (Packer Inc.) July 7, 2026 5:50 pm, EDT key takeaways: The EPA guidance increases the final spur speed by 5 mph to 25 mph and extends the timeline for addressing emissions system
An Amazon fulfillment center. (Bing Guan/Bloomberg) July 7, 2026 3:14 pm, EDT key takeaways: Amazon sold $25 billion of bonds on July 7, its latest US dollar debt offering to finance general corporate purposes. Demand reached $62 billion, about half of March’s $37 billion deal and below this year’s average for U.S. high-end offerings. While
(Majid Saeedi/Getty Images) July 7, 2026 4:00 pm, EDT key takeaways: The Treasury Department revoked Iranian oil sales waivers effective July 7 following the tanker attacks in the Strait of Hormuz. Oil prices rose as the move threatened a 60-day peace accord, stoking supply fears and stoking market volatility. Negotiators are working toward a final