Orange EV said its electric terminal trucks have driven more than 12 million key-on hours and 33 million miles in more than 370 fleets in 41 US states. (Orange EV) June 23, 2026 at 10:00 am EDT key takeaways: Orange EV marked the delivery of its 2,000th electric terminal truck with a deployment at Coca-Cola
Strait of Hormuz. (Maps4media/Bloomberg) June 23, 2026 10:28 am, EDT key takeaways: According to a joint statement, Iran and Oman said they would begin negotiations on the future governance of the Strait of Hormuz, including navigation services and transit costs. Officials and industry groups said the discussions matter because traders and allies fear potential tolls
A driver refuels his vehicle at a Marathon gas station in Martinez, California. (David Paul Morris/Bloomberg) June 23, 2026 at 3:00 pm, EDT key takeaways: California consumers sued Walmart, Marathon Petroleum, BP and 7-Eleven on June 22, accusing them of illegally manipulating pump prices in AI-powered fuel pricing. The plaintiffs said Calibrate’s algorithms raised gas
An employee opens a FedEx truck in New York. (Yuki Iwamura/Bloomberg) June 23, 2026 at 5:00 pm, EDT key takeaways: FedEx reported adjusted fiscal fourth-quarter earnings of $6.31 per share on June 23, beating analysts’ estimates of $5.97. Shares fell 5.4% as margins were lower than expected and FedEx cited trade policy changes, rising costs
We’ve been driving hybrid vehicles for decades, why don’t we have a diesel-electric parallel hybrid semi truck? I take this hybrid big rig for a test drive. Is it as powerful and intuitive as I expect? Let’s dig! Why am I driving a European-spec IVECO semi truck? That’s because I’m in Germany at the 2026
Amazon packages on Prime delivery vans in New York last year. (Michael Nagle/Bloomberg) June 23, 2026 3:30 pm, EDT key takeaways: Amazon’s four-day Prime Day sale ends June 26 as shoppers seek more discounts amid higher gas prices in the wake of the Iran war. Adobe expects U.S. consumers to spend $26.3 billion online during
A welder on the Stoughton Trailers production line. (Stoughton Trailers) June 23, 2026 3:23 pm, EDT key takeaways: ACT Research and FTR reported that US trailer orders increased more than 200% year over year in May to nearly 20,000 units. Analysts and leasing executives said replacement demand, dry van normalization and flatbed demand beat seasonal
The fifth generation Freightliner Cascadia. (Daimler Trucks North America) June 23, 2026 1:45 pm, EDT key takeaways: Daimler Truck North America began rolling out the optional DEF induction software update to approximately 330,000 in-service Detroit-powered vehicles in February. The revised parameters increase the final-spur speed limit by 5 mph to 25 mph and increase time
(Charles Krupa/Associated Press) June 23, 2026 9:57 am, EDT | Update: June 23, 2026 10:46 am, EDT key takeaways: On June 23, Walmart Inc. agreed to acquire Vibe.co to expand its connected television advertising business, terms of the deal were not disclosed. The move underscores Walmart’s emphasis on advertising as a fast-growing profit driver, building
Smoke billows from a warehouse fire at a cold storage facility in Los Angeles on June 20. (Mario Tama/Getty Images) June 23, 2026 11:15 am, EDT key takeaways: The June 17 fire at a Lineage Logistics cold storage warehouse in Boyle Heights, Los Angeles, continued to burn several days later, spreading smoke and prompting emergency