General News
GXO growth fueled by data center demand
GXO Logistics benefited from strong data center demand in the third quarter, helping fuel the company’s growth, executives said.
Who holds the wheel on trucking policy after the midterms?
Democrats’ Nov. 3 takeover of both chambers of Congress puts transportation policy in new hands, but the outgoing lawmakers still face a crowded trucking agenda.
Service sector grows at the slowest pace in 3 months
Supply chains have been affected by tariffs and the Middle East conflict. A gauge of supplier delivery times jumped last month to the highest since April.
Oil prices decline as markets soar on midterm results
Brent crude dropped 3% to $100.54 amid continued uncertainty about what the war with Iran will mean for the global energy industry.
Trade deficit narrows slightly on pickup in goods exports
The gap in goods and services trade shrank 0.7% in September from the prior month to $105 billion, Commerce Department data showed Nov. 4.
VW considers Ducati sale as investor interest builds
Volkswagen is restructuring to slim its sprawling portfolio and lift profitability. Ducati is one brand that could be jettisoned even though the motorcycle maker is among the group’s most prestigious assets.
Voters give Democrats control of Congress in rebuke to Trump
Democrats flipped at least seven Senate seats in ruby-red states and battlegrounds alike: Kansas, which hasn’t elected a Democratic senator in nearly a century, Iowa, Texas, Ohio, Maine, North Carolina and South Carolina.
Uber President Jill Hazelbaker departs for OpenAI
Uber President Jill Hazelbaker is leaving the ride-hailing giant to lead communications at OpenAI, becoming the latest veteran executive to depart Uber this year.
Wabash ramps up hiring in Q3, Q4 as trailer demand rises
The increase in head count was moved up from the first quarter of 2027, CEO Brent Yeagy said during Wabash’s third-quarter 2026 earnings call.
Diamondback plans to keep shale drilling mainly flat in 2027
CEO Kaes Van’t Hof said that while he expects prices to stay “higher for longer,” he’s erring on the side of caution regarding exploration and production.
Schneider shifts eastern intermodal freight to Norfolk Southern
Schneider unveiled a deal making Norfolk Southern its primary eastern rail provider Oct. 29, demonstrating the size of the carrier’s intermodal ambitions.
Ship strikes in Hormuz leave both sides with economic pain
For Iran, the U.S. blockade of its oil exports has snuffed out a key part of its military funding and severely hobbled the $300 billion economy.
Operation Wicked Safe uncovers nearly 2,000 CMV violations
Participating state police agencies were from Massachusetts, Connecticut, New Hampshire, New York, Rhode Island and Vermont.
N.J. governor warns ports against accepting Russian diesel
Gov. Mikie Sherrill says such imports would violate federal law and noted at least one tanker carrying the fuel may be headed for the state.
VW supplier Schaeffler to cut 3,400 jobs, close 5 sites
Schaeffler, which supplies GM, BMW and others, said it’s responding to the downturn in the auto market and intensifying competition.
Higher oil prices boost Saudi Aramco profit
Saudi Aramco sold its oil for an average of $95.20 a barrel during the quarter, compared to $70.10 in the year-before quarter, the company said in a news release.
Oil prices rebound after U.S. attacks Iran
After falling nearly 8% on Nov. 2, Brent crude rose almost 2% to $106.50 per barrel early Nov. 3 after the U.S. attacked Iran's Qeshm Island.
Heniff to develop Ohio terminal for Cargill
Heniff Transportation Systems will develop a sweetener transload facility in Ohio dedicated to serving Cargill and its customers, Heniff announced Nov. 2.
Trucking awaits Congress’ next move on highway funds
The $36.8 billion funding lapse affects road, safety and bridge projects across the country as states and localities try to plan ahead.
Freight surge pushes Venezuelan oil exports to 8-month low
Global shipping costs soared after ongoing fighting upended flows from the Middle East and Russia, sending ships on longer voyages to secure supplies.