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Unilever Sells Venezuelan Ice Cream Unit to Mack de Venezuela

Unilever sold its Venezuelan ice cream business to truck dealer Mack de Venezuela, as a renewed bout of high inflation and political uncertainty hits the Andean nation’s private sector.

July 10, 2025

JPMorgan’s Jamie Dimon Flags Complacency on Tariff Threat

In the wide-ranging comments, Dimon also said he believes the Federal Reserve is likely to raise interest rates — even as the market indicates otherwise.

July 10, 2025

Geopolitical Chaos Continues to Roil Trucking Industry

The trucking industry is wrestling with an unclear market trajectory forged through a combination of chaotic geopolitical negotiations and enduring market weakness.

July 10, 2025

New FedEx Hub in Detroit Moves 12,000 Packages an Hour

FedEx recently opened a new facility on a sprawling piece of land at Detroit Metro Airport, loading it with new technology that helps move 12,000 packages an hour faster and more efficiently. 

July 10, 2025

Port of Vancouver to Add 70% Capacity in Asia Trade Push

The Port of Vancouver kicked off the search for a company to build a new wharf to handle 70% more cargo, as the country looks for ways reduce economic reliance on the U.S.

July 10, 2025

Trump Targets Brazil With Steep 50% Tariff Hike

At an earlier White House event, Trump complained that Brazil had “been not good to us.” His decision on Brazil, Trump said, was “based on very, very substantial facts, and also past history.”

July 9, 2025

Tariffs Split Fed Officials on Rate-Cut Outlook

Policymakers pointed to “considerable uncertainty” about the timing, size and duration of the tariffs’ potential effects on inflation, the minutes showed.

July 9, 2025

Longer Amazon Prime Day Sparks More Browsing, Fewer Buys

Momentum Commerce, which manages online sales for 50 brands in a variety of product categories and price points, said its Amazon sales plunged 41% year over year on July 8.

July 9, 2025

NMFTA Readies Density-Based Freight Class Update for July 19

The National Motor Freight Traffic Association is moving toward a density-based freight classification system in a major update that is set to go into effect July 19.

July 9, 2025

EIA Trims Forecast for 2025 US Crude Oil Output

The latest production forecast for this year represents a drop of about 50,000 barrels a day from the Energy Information Administration’s previous projections in June.

July 8, 2025