July 29, 2026 4:01 pm, EDT Ola Källenius, CEO of Mercedes-Benz Group. (Alex Cross/Bloomberg) key takeaways: Mercedes-Benz CEO Ola Källenius said in Finland that intense price competition in China’s auto market will likely persist for years. Chinese brands, led by BYD, are dominating EVs and targeting luxury buyers, contributing to Mercedes’ 30% China sales decline
Andrea Kimi Antonelli made a stunning statement at the Belgian Grand Prix and erased any doubts about his Formula 1 championship credentials with his sixth win of the season, just days after his title lead was threatened by retirement at Silverstone. The Italian teenager took pole position and despite a setback when a virtual safety
Trucking and logistics leaders said even brokers who have prioritized compliance and security may face a more difficult operating environment. (Mark Schiefelbein/Associated Press) July 11, 2026 at 7:00 am EDT key takeaways: The U.S. Supreme Court’s Montgomery v. Carib Transport II decision has increased scrutiny on carrier selection and risk management for freight brokers and
A pipeline runs toward an oil southbow storage tank at the Cushing Crude Oil Storage Terminal in Cushing, Okla. (Nick Oxford/Bloomberg) July 8, 2026 3:20 pm, EDT key takeaways: Unprecedented foreign demand for US diesel, propane and other fuels as the US-Iran conflict escalated put pressure on stockpiles from the Gulf Coast to the East
Packages are sorted at a regional processing and distribution center in Phoenix. USPS aims to establish 60 RPDCs. (US Postal Service) July 6, 2026 3:41 pm, EDT key takeaways: USPS is restructuring its logistics network with regional hubs and optimized transportation to improve efficiency and reduce costs. Postmaster General David Steiner warned that without structural
As Nigel Farage awaits the findings of the standard watchdog investigation into the £5m gift he received from cryptocurrency billionaire Christopher Harborne, fresh allegations about his finances have emerged relating to benefits he received from crypto entrepreneur George Cottrell, who has previously been convicted of fraud. The Reform UK leader says he is the victim
Could Ducati leave Volkswagen Group? There are no official plans to sell the Italian manufacturer, but Volkswagen’s major financial restructuring has put Ducati once again at the center of takeover speculation. With its strong profitability and premium reputation, Ducati remains one of the group’s most valuable non-automotive assets. According to the Financial Times, investment banks
Sisters Alyssa and Gisele Thompson know firsthand the pressure of playing on the World Cup stage, so they empathize with what the U.S. men’s team is feeling as they take the field on American soil and advance to the Round of 32. “I think when you think about pressure, don’t let it affect you because
A worker polishes a 2026 Ford Super Duty F-250 XLT at an auto show in Vancouver, British Columbia. (James Macdonald/Bloomberg) June 22, 2026 4:44 pm, EDT key takeaways: Unifor began contract negotiations with Ford in Canada, demanding higher wages, retirement benefits and job security ahead of the July 10 deadline. The negotiations come as tariffs
Due to record-low snowpack and widespread drought, the Oregon Department of Fish and Wildlife is urging anglers to fish wisely, fish early and know where the fish are. Oregon is headed for one of its toughest summers of fishing in years. Snowpack reached record low levels across much of the state. Drought conditions range from