A wall of shipping containers at the Port of Oakland. (Port of Oakland via X) June 18, 2026 9:32 am, EDT key takeaways: The US returned nearly $22 billion in tariffs in May after a court struck down Trump’s emergency duties, while many import taxes remain in place. Economists say new and existing tariffs keep
A Kroger grocery store in Savannah, Georgia (Parker Pulse/Bloomberg) Jun 18, 2026 10:12 am, EDT key takeaways: Kroger reported on June 18 that same-store sales excluding fuel rose 1%, which exceeded Wall Street expectations as shoppers focused on spending on groceries. The gain reflected budget-conscious consumers amid inflation and higher fuel costs, while profits were
A Waymo autonomous taxi in Washington. (Alex Kent/Bloomberg) Jun 18, 2026 10:46 am, EDT key takeaways: Waymo recalled 3,871 robotaxis after software failed to detect freeway construction zones, causing the vehicles to enter active work zones in Phoenix and San Francisco. The problems occurred in 13 cases without any injuries, highlighting ongoing safety challenges for
A frame oil filter. Fram comes under the umbrella of First Brands Group. (Fram via LinkedIn) Jun 18, 2026 11:52 am, EDT key takeaways: On June 17, a US bankruptcy judge ordered Accum Capital Financial II to escrow the proceeds from First Brands’ inventory sales amid a dispute with Bank of America. The decision stems
Strait of Hormuz. (Andrea Campanu/Bloomberg via Getty Images) June 18, 2026 1:42 pm, EDT key takeaways: The United States and Iran begin a 60-day interim peace agreement, reopening the Strait of Hormuz to shipping after lifting the US blockade and extending the ceasefire. The deal eased oil market tensions, with prices falling from recent highs,
Evaluation of Class 7-8 trucks is required. (SharePoint Energy) June 18, 2026 4:29 pm, EDT key takeaways: The IIHS released its first public commercial truck safety assessment, evaluating nine heavy-duty pickups and cargo vans for driver safety features. Less than half of the models evaluated offered the IIHS required safety, while there were 6,535 deaths
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A customer prepares to pump diesel fuel at a Madison, Miss., Sam’s Club. (Rogelio V. Solis/AP/File) June 18, 2026 8:50 am, EDT | Update: June 18, 2026 12:56 pm, EDT key takeaways: Oil prices continued to fall after the US and Iran signed a preliminary deal to end the war. Due to falling oil prices,
A tanker delivers fuel to a gas station in Miami. (Eva Marie Uzcategui/Bloomberg) June 18, 2026 9:03 am, EDT key takeaways: US gas prices fell below $4 a gallon on June 18 for the first time since March after geopolitical tensions eased following the US-Iran agreement. AAA said prices nationally averaged $3.999 after crude fell
While there has been growth over the past 12 months, the truckload landscape has also become fragmented. (Granddriver/Getty Images) June 17, 2026 10:11 am, EDT key takeaways: The June 16 logistics report said the freight decline is over and truckloads are unevenly recovering, with pricing and capacity varying by region. The Kearney authors attributed the