Toyota Motor dealers face tight inventory for the RAV4 crossover utility vehicle, leaving lots across the United States with only a few days’ supply, according to Jessica Caldwell, head of product insight at Edmunds. Strong consumer demand paired with deliberate production limits on the vehicle’s new all-hybrid lineup has created conditions for the suburban segment. … Read more
American Airlines is rolling out its first retrofitted Boeing 777-300ER featuring 144 premium seats, including 70 lie-flat Flagship Suites with sliding doors, as part of a broader fleet overhaul aimed at high-spending international travelers. According to American Airlines, the newly configured wide-body aircraft deployed on Wednesday serves key long-haul routes such as London, Tokyo, and … Read more
Iran will block military vessels from transiting the Strait of Hormuz under a temporary maritime traffic agreement currently being negotiated with Oman, according to Iranian Deputy Foreign Minister Kazem Gharibabadi. The high-stakes diplomatic talks between Tehran and Muscat aim to manage commercial shipping lanes in the vital waterway, which has remained largely shut down since … Read more
United Parcel Service is investing more than $2 billion into its global infrastructure to expand international, healthcare, and supply chain solutions, according to a CNBC exclusive report. The multi-year capital deployment, which began in 2024 and runs through 2028, aims to help businesses adapt to macroeconomic pressures and navigate complex global trade disruptions. Global Infrastructure … Read more
Members of the rock band Buckcherry and their touring crew escaped uninjured after their tour bus was involved in a fatal interstate crash, according to a statement released by the band on social media. The incident occurred on I-26 and resulted in temporary highway closures as emergency officials managed the scene. Tour Bus Crash Details … Read more
The Lamborghini Revuelto SV has officially debuted as the fastest and most powerful vehicle ever produced at the company’s factory, combining a naturally aspirated V12 engine with three electric motors to generate over 1,050 horsepower, according to the Italian auto manufacturer. Unveiled on Friday, the limited-edition hybrid supercar accelerates from zero to 100 kph (62 … Read more
To convince residents to replace solo driving with mass transit, the Los Angeles County Metropolitan Transportation Authority is launching a cash incentive program paying participants up to $600 to park at least one household car and try walking, bike sharing, carpooling, or taking a train or bus, according to the agency. The transit agency is … Read more
The New York City Taxi and Limousine Commission swore in 22 new peace officers on Tuesday at One Police Plaza, bolstering a small agency tasked with overseeing a for-hire transportation system carrying roughly a million passengers daily. According to TLC Deputy Commissioner for enforcement Ira Goldapper, the unarmed cadets completed five and a half months … Read more
Rivian Automotive reduced its capital expenditure plans and narrowed projected annual losses while reporting second-quarter financial results, according to company disclosures. The electric vehicle manufacturer lowered its adjusted loss forecast and capital spending targets while reconfirming vehicle delivery goals for the year. Rivian Narrows Annual Losses and Trims Capital Spending Targets Rivian reported adjusted annual … Read more
Saudi Arabia’s crude oil exports to Asian buyers face severe logistical bottlenecks as regional conflicts choke traditional maritime corridors, forcing state shippers to rely heavily on Red Sea transit routes that are increasingly targeted by militant attacks. Strait of Hormuz Closure and the Red Sea Workaround The ongoing regional war in Iran has effectively closed … Read more