Oil tankers and cargo ships anchored off the coast of Oman on 23 June. (Elke Scolliers/Getty Images) June 25, 2026 4:00 PM, EDT key takeaways: An unidentified cargo ship has crashed near Oman after several ships capsized while attempting to exit the Strait of Hormuz. Oil prices rose as the incident threatened weak confidence in
Marelli’s headquarters and R&D center are in Saitama, Japan. (Kiyoshi Ota/Bloomberg) June 25, 2026 5:18 pm, EDT key takeaways: Stellantis and Nissan are in talks to buy some of Marelli’s assets as the auto parts supplier reorganizes in Chapter 11 bankruptcy. Marelli employs more than 40,000 people and has blamed declining customer sales, tariffs and
Waymo Ojai self-driving vehicles in San Francisco. (Jason Henry/Bloomberg) June 25, 2026 5:36 pm, EDT key takeaways: Waymo registered Waymo Germany GmbH on June 15 to provide autonomous ride-hailing services, listing Google’s Munich office as its address. The move advances Waymo’s global expansion plans beyond the US, where it says it offers 500,000 autonomous trips
A FedEx truck at the New York Stock Exchange on June 1. (Michael Nagle/Bloomberg) June 25, 2026 4:33 pm, EDT key takeaways: Earlier this month, FedEx Corp. FedEx is pursuing freight data center infrastructure, grocery and healthcare businesses after being separated from FedEx. CEO John Smith said the company has created a dedicated sales force
The new 2027 GMC Sierra 1500 is here and it offers more power and luxury than ever before. We have all the details right here. Let’s find out if GMC beats out the new 2027 Chevy Silverado 1500 and all its other competitors, including Ford, RAM, and Toyota. new exterior The new Sierra has updated
Dyed sterile fly pupae are used to combat the spread of New World screwworm at the Chaparrosa Ranch in La Pryor, Texas. (Eric Vrin/Bloomberg) June 25, 2026 2:36 pm, EDT key takeaways: Four New World screwworm cases were confirmed at a property in Terrell County, Texas, the largest U.S. cluster reported since investigations began this
Tonnage during the first five months was 2% higher than in 2025. (Jenny Kane/Associated Press) June 25, 2026 1:50 PM, EDT key takeaways: ATA’s for-hire truck tonnage index fell 2% to 114.4 in May, continuing a two-month slump after a first-quarter gain. Soft volumes contrasted with limited capacity as DAT reported higher spot rates, while
John E. Wren served as president of the American Trucking Association in 1998–99. (Courtesy of Minnesota Trucking Association) June 25, 2026 12:36 pm, EDT key takeaways: John E. Wren led Lakeville Motor Express since 1979, growing it from 10 employees to a regional LTL carrier with over 500 trucks. He served as president of the
Tankers and cargo ships travel in the Gulf of Oman along shipping routes linking the Strait of Hormuz and the Arabian Sea on June 16. (AP photo) June 25, 2026 10:16 am, EDT key takeaways: Several tankers exited the Strait of Hormuz on June 25 via a new UN-backed coastal route with Oman, despite Iranian
The PCE increase was largely driven by more expensive gas. (Rogelio V. Solis/AP/File) June 25, 2026 9:21 am, EDT key takeaways: The Federal Reserve’s preferred inflation gauge rose 4.1% in May from a year earlier, the most since April 2023, driven mainly by higher gas prices. Rising costs of fuels, semiconductors and services have kept