General News
U.S. to receive 50% of Gordie Howe bridge profit
Canadian Prime Minister Mark Carney defended his decision to give the U.S. a share of the profit from a new bridge between Ontario and Michigan.
DOT, DHS target 75 CDL training schools in fraud probe
This is the second interagency enforcement partnership; recently, DOT partnered with DHS Border Patrol agents to enforce federal cabotage laws.
Chevron plans to sign July 17 agreements with Iraq
Chevron expects to sign accords with Iraq on July 17 to advance negotiations about investing in large oil fields and a pipeline to bypass the Strait of Hormuz.
Treasury flags cartel-linked fuel smuggling via U.S. firms
Treasury is teaching institutions how to identify suspicious transactions by U.S. freight and logistics firms potentially tied to drug cartel-backed fuel sales to Mexico.
Honda to halt sales of last EV in its U.S. lineup
The Japanese carmaker informed American dealers on July 16 that production will cease later this year of the Honda Prologue, a Mexican-made model that was co-developed with GM
Profit margins surge for oil refiners
The “3-2-1 crack spread” rose as high as $70 a barrel on July 16, the highest level on record.
Trump's Section 122 tariffs expire July 24: Then what?
Trade attorneys and analysts are confident the administration will beat the clock and swap out Section 122 tariffs with bigger Section 301 tariffs by the deadline.
J.B. Hunt rides tighter capacity to stronger Q2 results
J.B. Hunt executives highlighted how heightened DOT enforcement has accelerated market changes, while reporting the company’s second-quarter financial results.
Speeding wastes fuel and doesn't save much time, study says
Driving the speed limit can save U.S. drivers millions of dollars at the gas pump and eliminate millions of gallons of fuel each day, according to a study.
NHTSA takes aim at autonomous car mishaps in rulemaking push
Officials aim to finalize the new requirements before the end of President Donald Trump’s current term, said Jonathan Morrison, NHTSA's top official.
U.S. imposes 25% tariff on some Brazilian imports
The tariffs, which were first proposed last month, will take effect July 22. The order exempts some some oil and gas energy products.
Oil prices increase as U.S. intensifies strikes against Iran
The price for a barrel of Brent crude rose 0.7% to $85.55 and is near a one-month high.
Uber Agrees to Buy Delivery Hero in $14.8 Billion Deal
Uber offered to pay $47.60 a share and will acquire Delivery Hero’s operations in 50 markets, the company said in a statement on July 16.
Retail sales up a modest 0.2% in June amid uncertainty
Business at clothing and accessories stores slipped 0.3%, while online sales rose 1.9%, fueled by spending surrounding Amazon's Prime Day event June 23-26.
Diesel prices spike above $5 a gallon again
U.S. gasoline, meanwhile, is again approaching the closely watched $4 mark at a time when summer demand typically peaks.
Duffy awards $62 million for truck parking in 5 states
A chronic lack of available truck parking creates public safety risks and raises consumer costs, American Trucking Associations President Chris Spear said.
U.S. launches more Iran strikes over Strait of Hormuz
The U.S. launched more airstrikes on Iran on July 15, after President Donald Trump pledged to intensify the bombardment until Tehran stops attacking ships.
Ruan launches customs brokerage
The brokerage will expand the truckload-focused carrier’s international trade and logistics capabilities across the United States and Mexico, Ruan said.
STG Logistics exits Chapter 11 bankruptcy protection
STG was owned by Wind Point Partners, Duration Capital Partners and Oaktree Capital Management when it sought court protection.
U.S. moves toward renewing Jones Act shipping waiver
The latest extension of the Jones Act is due to expire next month as the renewed war in Iran raises the prospect of prolonged fuel supply disruptions.