Transport Topics

• U.S. supports Iraq-Syria pipeline that would bypass Hormuz

  The U.S. is advancing talks for a pipeline that would carry oil from Iraq to Syria, a route that avoids Hormuz and would reduce Iran’s future leverage over energy.

• DTNA’s O’Leary confident of truck demand acceleration

  The parent company of Freightliner and Western Star is seeing heavy replacement demand from larger on-highway fleets in particular, DTNA CEO John O’Leary said.

• Texas port expects U.S. crude export boost to endure

  The historic boost to U.S. crude exports triggered by the Iran war will likely endure, according to the head of the largest U.S. oil port.

• Mack enhances remote over-the-air update software

  Remote software updates are becoming more standard as tractors grow more sophisticated and the ability to maximize fleet uptime through the advances becomes a key selling point.

• EV maker Lucid hires adviser to examine operations

  Lucid is working with advisers to turn around its struggling business, according to sources, sending the EV maker's shares to their biggest decline on record.

• Fuel markets show record tightness on Hormuz escalation

  Tighter global fuel supplies threaten more pain for consumers already strained with high prices at the pump.

• Escobedo underpins Mexican truck production growth in June

  Mexican production of Class 8 trucks continued to rise in June, with an increase in output at International Motors’ Escobedo plant outpacing that of its peers.

• Trump backs off plan to charge fees in Strait of Hormuz

  President Trump on July 14 backtracked on plans to charge ships for using the Strait of Hormuz, saying Gulf countries would instead invest in the United States.

• Robotaxi passengers are falling asleep, prompting 911 calls

  Robotaxi passengers are falling asleep, spilling drinks, dropping food, vomiting, experiencing medical emergencies and even giving birth in the cars.

• Uber is in advanced talks to acquire Delivery Hero

  Uber has previously approached Delivery Hero with an offer of 33 euros per share, but investors have been betting that a higher price will be required to seal the deal.