General News
O’Neill Takes Over BP With Oil Prices High, Stakes Higher
When Meg O’Neill takes over BP on April 1, Big Oil’s first female CEO will benefit from a war-driven surge in prices — but inherit a tough cleanup job.
ATA, OOIDA Press Congress to Enhance Safety in Trucking
The groups said that to ensure new carriers operate more efficiently, a stronger, prevention-focused program should continue to guide FMCSA’s safety strategy.
Oil Pulls Back as US and Iran Hint at Potential Off-Ramp
Oil declined March 31 after Iran and the U.S. signaled openness toward a resolution in the conflict that’s upended global energy shipments.
Trump Urges Allies to Take Hormuz as Oil Swings on Exit Hopes
President Donald Trump on March 31 called on other nations to wrest control of the Strait of Hormuz as Iran maintained missile fire across the Persian Gulf.
Middle East Conflict Pushes Aluminum to 2-Year High
Aluminum registered its best month in nearly two years as the war in Iran disrupted supplies and damaged local production facilities, tightening the global market.
Hiring Rate Hits Lowest Mark Since 2020 as Job Openings Drop
U.S. job openings fell, and hiring slowed to the weakest since 2020 in February, pointing to cooler labor demand before the war in Iran.
Tariff Refund Portal to Exclude One-Third of Imports
A Customs and Border Protection official told a judge the government won’t be able to process refund demands for the remaining one-third of entries right away.
How Should Reefer Fleets Tackle the Diesel Double Whammy?
Diesel trucks with refrigerated loads are now paying more to haul a trailer to its destination and to keep the transport refrigeration unit running.
Maine Man Charged in Unlicensed CDL Training Scheme
A Maine man is being prosecuted for allegedly operating an unlicensed CDL training school and taking $28,100 from people seeking entry-level driver training.
AXN Expands Kentucky Trailer Axle, Suspension Plant
Trailer axle, suspension and subframe manufacturer AXN Automotive Systems opened an expansion of its Louisville, Ky., facility March 26.
Stocks Rise After Oil Prices Slow Their Spike
The price for a barrel of Brent crude oil, the international standard, fell 0.3% to $107.10. Benchmark U.S. crude slipped 0.3%.
Toyota Set to Join Daimler, Volvo in Cellcentric Hydrogen JV
The companies announced that they have signed a nonbinding memorandum of understanding outlining Toyota’s intention to become Cellcentric's third shareholder.
Rivian E-Bike Spinoff Lands $1 Billion Valuation
The e-bike spinoff, called Also, has struck a partnership with DoorDash to work on autonomous deliveries.
Trump-Xi Summit on Track Even as Iran War Drags On
U.S. Trade Representative Jamieson Greer said preparations for President Donald Trump’s meeting with Chinese counterpart Xi Jinping are on track.
Unilever to Freeze Hiring as War Drives Up Shipping Costs
The move comes as Unilever agreed to combine its food business with spice maker McCormick in a $44.8 billion deal.
NTSB Hearing to Focus on Automated Driving Systems
The hearing focuses on two fatal crashes involving Ford's Blue Cruise system in 2024. The NTSB has investigated other crashes involving similar systems.
Gas Prices Surpass $4 a Gallon, the Highest Since 2022
The last time U.S. drivers were collectively paying this much at the pump was nearly four years ago, following Russia’s invasion of Ukraine.
Perspective: Striking the Right Buy-Lease Balance
What’s the smartest strategy for financing truck fleets in a turbulent economy — buy or lease? The answer is often “both," writes TEL's Brandon Lairsen.
Airport Waits Ease After TSA Officers Receive Back Pay
Airport wait times in Houston and Atlanta have eased after Transportation Security Administration officers received most of their missed pay.
DHL, Teamsters Reach Tentative Agreement on 4-Year Deal
DHL and the Teamsters union reached a tentative agreement that averts a national strike, both parties confirmed March 29.