Foreign Minister Abbas Araghchi said a pact with Oman to establish a shipping route through the strait was “very close.” He ruled out direct talks with the U.S. for now.

Brent crude, the international standard, gained 1.4% to $84.68 per barrel. The prices are a reaction to the status of efforts to end the conflict in the Middle East remained uncertain.

Disruptions in the Strait of Hormuz and damage to Persian Gulf refineries, as well as a wave of Ukrainian attacks on Russian plants, have severely constrained exports from exporting regions.

A hidden, multibillion-dollar industry called third-party litigation financing is doing real damage to trucking, writes ATA Chairman Greg Hodgen.

Fleets are realizing that electric terminal tractors can reliably move trailers within logistics yards while generating measurable savings.

Rather than plan around a national transition to zero-emission trucks, fleets are weighing total cost of ownership, operational feasibility and customer expectations.

Elevated fuel prices have helped whittle away at truck capacity, which in turn has contributed to much-needed freight rate increases.

“Market fundamentals are improving as capacity continues to tighten, driven by regulatory enforcement and carrier exits,” CEO Shawn Stewart said.

Same-day data for publicly traded trucking and transportation stocks in the autonomous, truckload, less-than-truckload, package, logistics and leasing categories.

Led by an alleged Uzbek mastermind, a theft ring has been indicted for stealing $4.49 million in retail goods using information hacked from legitimate companies. 

Daimler Truck Chief Financial Officer Eva Scherer confirmed to investors and analysts that DTNA would only sell 2027 EPA-compliant engines.

Freight brokers have been weathering a dramatic shift in the legal and regulatory landscape. RXO is among the brokers that have navigated the upheaval by presenting their quality of service as a key differentiator.

Volkswagen should consider “every option” to usher in a turnaround, Porsche Automobil Holding said Aug. 7, its strongest plea yet for swift change.

The U.N.'s index of food-commodity prices rose 0.6% in July from the previous month, led by grain, sugar and vegetable oils, according to a report from the Food and Agriculture Organization.

A barrel of Brent crude oil, the international standard, slipped 0.6%, to $82.07. Brent rose nearly 4% on Aug. 6 as progress toward reopening the Strait of Hormuz remained unclear.

Carney said Canada remained engaged in the negotiations despite Trump’s comments, describing the talks as a fight to protect Canadian workers and businesses.

Ford revealed a starting price of $29,945 including shipping fees. Pre-orders will begin in early 2027, with deliveries starting later in the year.

In addition, Labor Department revisions shaved 103,000 jobs off payrolls in May and June. The unemployment rate dipped to 4.1% only because Americans left the job market.

The Trump administration has ruled out any arrangement that would cement Iran’s grip over the Persian Gulf waterway, including Tehran charging fees.

CEO John O’Leary told reporters the plant would be the company’s largest truck manufacturing facility in the United States when up and running.