General News
Treasury chief backs tax bill aimed at litigation financing
Congressional Republicans are seeking support from the Treasury Department to examine and potentially change the tax treatment of third-party litigation financing.
PepsiCo revenue rises despite weak North American demand
PepsiCo said it's prioritizing innovation and more effective marketing to improve business in North America.
Oil prices soar after explosions in Saudi capital
Brent crude, the international standard, jumped 4.6% to reach $104.77 per barrel early. Several explosions were heard in the Saudi capital on Oct. 8.
FMCSA has closed nearly 10,000 truck driver school locations
An agency spokesperson told TT that the high number of schools closed is due largely to rigorous crackdowns by investigators and safety inspectors.
Bipartisan caucus eyes truck parking in next Congress
A bipartisan House caucus is pushing a package of infrastructure proposals that includes a long-sought trucking priority: expanding truck parking.
Isaias strengthens into hurricane as it heads for Gulf Coast
As of Oct. 7, about 25% of the oil production in the region was temporarily halted, taking about 511,000 barrels a day off the market, according to the Marine Minerals Administration.
Dyed diesel order will offer little relief, ag sector says
Farmers already have access to the fuel and many have wrapped up harvest. Truckers will struggle to navigate differing state rules.
TT Podcasts: RoadSigns
PCS Software CEO Mark Hill discusses the advance of AI in the trucking industry.
James brothers trade blame in First Brands case
The two brothers who built First Brands into a global business are now pointing the finger at each other.
U.S., EU, 13 countries target excess manufacturing capacity
The U.S. joined 14 other economies in pledging to confront excess manufacturing capacity and production in certain sectors.
Frontline workers are vital to effective cybersecurity
Experts at the NMFTA Cybersecurity Conference emphasized that as cargo theft schemes become more sophisticated, the importance of keeping humans involved to counter them becomes more crucial.
Trump revisits idea of federal gas tax suspension
President Trump is weighing a potential suspension of the federal gas tax, as he looks for ways to ease high energy costs ahead of November’s midterm elections.
Jury convicts 2 in Singh Organization cargo theft case
Facing federal prison sentences are two Indian nationals, Arshpreet Singh, 28, of Sacramento, Calif., and Vikramjeet Singh, 31, of Fontana, Calif.
Waymo boosts first debt deal to $5 billion in robotaxi push
Waymo increased the size of its inaugural debt raise to $5 billion, tapping lenders to help fuel the robotaxi company’s growth as it expands globally.
Narrowed Jones Act exemption slows energy cargo trade
Narrowing the Jones Act has curbed a roaring trade that was supplying East and West coast ports with fuel produced on the Gulf Coast, as well as crude oil and products used in refining.
Oil shipping costs reach dizzying new highs on Hormuz snarls
It now costs $77 million to hire a very large crude carrier to move U.S. oil to Asia. The average in 2025 was $9.2 million.
Truck driver pay rose in 2025 despite freight downturn
The ATA study drew on data from more than 130 fleets representing more than 140,000 employee drivers and 9,000 independent contractors.
Public inquiry set for farm equipment market
The public inquiry seeks to address complaints from farmers that they “face other barriers to acquiring agricultural equipment and the services required to keep equipment operating.”
Analysts see promise, risks in C.H. Robinson-RXO deal
Analysts generally view the transaction as strategically sound because it would expand C.H. Robinson’s brokerage scale while adding complementary services.
Trump dyed diesel order raises questions for trucking
President Donald Trump signed an executive order Oct. 5 aimed at lowering diesel costs as high fuel prices continue to pressure trucking fleets.