BusinessRealestate

Grainger Announces Strategic Exit from United Kingdom Operations

Industrial supplies giant Grainger has announced a strategic withdrawal from the United Kingdom market. The company reportedly plans to sell its Cromwell subsidiary and close Zoro UK operations as part of this restructuring.

Major Market Restructuring

Industrial supplies distributor Grainger has announced plans to completely exit the United Kingdom market, according to reports from the company. The MRO giant reportedly intends to sell its Cromwell subsidiary and shut down its Zoro web business operations in the country, marking a significant strategic shift for the industrial supplier.

AutomotiveBusiness

Volvo Forecasts North American Truck Demand to Soften Amid Economic Headwinds

The Swedish manufacturer projects North American truck demand will decline to 250,000 units next year as customers navigate economic uncertainty. European markets are expected to demonstrate stronger performance despite challenging conditions.

Market Outlook Shifts for Heavy Truck Sector

According to recent reports from Volvo, the North American truck market is expected to experience a moderate downturn next year as economic headwinds continue to challenge the freight industry. Sources indicate the company is forecasting an overall market of approximately 250,000 trucks for the coming year, representing a decline from the projected 265,000 units expected in 2025.

EnergyPolicy

US Energy Policy Shift to Boost Fossil Fuels, Hike Emissions 3 Billion Tons by 2050: Report

The Trump administration’s reversal of clean energy incentives and support for fossil fuels is projected to increase North America’s power emissions by 3 billion metric tons through 2050. Coal generation is now expected to be 46% higher than previous estimates, while wind power faces a 24% decline.

Major Policy Shift Drives Emissions Increase

The abrupt cuts to U.S. federal clean energy incentives alongside fresh support for fossil fuel power will trigger a significant increase in North America’s emissions in the coming decades, according to reports from consultancy DNV. Analysis suggests that North America’s power emissions from 2025 to 2050 will be 3 billion metric tons more than was projected in 2022, when the previous U.S. administration had implemented aggressive clean power goals.