February Net Trailer Orders Down 43% As Bookings Fall 26%

President Trump said on Tuesday that the US would provide insurance and naval escorts for tankers transiting the Strait of Hormuz after Iran’s Islamic Revolutionary Guard Corps (IRGC) declared the waterway was closed, a response to the US and Israeli attack on Iran. “Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) […]

Pull-Forward Demand Boosts PC Shipments Amid Memory Crunch Woes The latest snapshot of the global PC market, from International Data Corporation's first-quarter shipment tracker, shows units rising 2.5% year over year to 65.6 million. "Despite deteriorating macroeconomic conditions and memory shortage issues, the PC market recorded another quarter of positive growth," IDC wrote in the report published on Thursday morning. IDC said last quarter's growth was "mostly fueled by the anticipation of rising component prices, Windows 10 migration, and new product introductions." Jean Philippe Bouchard, research vice president at IDC, noted, "The...

Europe Faces Summer Jet Fuel Crisis As Iran War Slashes Supply Authored by Tsvetana Paraskova via OilPrice.com, Europe faces an imminent jet fuel crisis as the Iran war and Hormuz disruption cut off key Middle Eastern supplies. Long-term refinery closures and rising import dependence have left Europe highly exposed, with limited alternatives and growing competition from Asia. Airlines are already cutting capacity and warning of higher fares, with potential flight cancellations looming as fuel shortages intensify. Accelerated refinery closures in the past decade and increased dependence on kerosene from the Middle East have exposed...