General News
Oil Prices Head Back Up Along With War Uncertainty
The price for a barrel of Brent crude oil, the international standard, added 1.4% to $99.88 on uncertainty about when the war with Iran could let up.
Joby Aviation’s Aircraft Operations Head Resigns
Company says Didier Papadopoulos' decision was personal and wasn’t based on any “disagreement or dispute” with Joby.
Iran War to Impact Shipping Long After It Ends, Mitsui Says
“It’s a bit naive to say that, after this has ended, that things will go back to pre-war situations,” said Jotaro Tamura, president and CEO of Mitsui.
Iran Tolls Risk Setting Global Trade Precedent, Traders Warn
Iran has sought to charge some vessels for safe passage through the waterway since the Middle East war began.
Strategic Cargo Theft Keeps Evolving to Evade Vetting
One emerging method involves an organized crew getting one of its members hired as a driver at a legitimate carrier to circumvent industry vetting processes.
Volvo’s Roy to Retire; Lirmann to Head N. American Truck Ops
The head of Volvo Group’s North American trucks division, Stephen Roy, will step down Aug. 1, the Swedish company said April 21.
Trump Extends Iran Ceasefire, Keeps Strait of Hormuz Blockade
President Trump said that while the U.S. would hold off on fresh attacks, it would maintain its blockade on the Strait of Hormuz.
Saia Enhances Northeast Presence
Saia opened its newest terminal in York, Pa., to enhance its network in the Northeast, the Johns Creek, Ga., carrier announced April 20.
Anthropic Commits $100B to Amazon's AWS Over Next 10 years
Amazon will invest $5 billion immediately as part of the new agreement announced this week by the companies, and up to another $20 billion in the future
Trump Encourages Companies Not to Seek Tariff Refunds
Asked on CNBC about companies filing for tariff refunds, Trump said, “It’s brilliant if they don’t do that. If they don’t do that, I’ll remember them.”
Texas Oil Pipes Are Running All-Out on War-Driven Demand
Texas oil pipelines are running above designed capacity in some cases amid rampant overseas demand for U.S. crude to replace cargoes stranded by the Iran war.
Trump Opposes United-American Airlines Merger
Spirit has considered offering the U.S. government an equity stake in the discount carrier to help stave off its potential liquidation.
Top Oil Traders Say Worst of Demand Hit Is Yet to Come
Since the Iran war began at the end of February, crude oil and refined product supplies from the Persian Gulf have been slashed by 13 million barrels a day.
DHL Warns of ‘Tipping Point’ Risk If Oil Shortage Persists
Consumers fail to recognize the impact of crises until a single event — such as a major plant closure — triggers “broader uproar,” DHL CEO Tobias Meyer said.
Oil Prices Steady Despite Doubts About US-Iran Talks
U.S. benchmark crude slipped 14 cents to $87.28 per barrel, while the price for a barrel of Brent crude, the international standard, is off 47 cents to $95.01.
Labor Secretary Chavez-DeRemer Exits Trump Cabinet
Unlike other recent Cabinet departures, Chavez-DeRemer’s exit was announced by a White House aide, not by the president on his social media account.
Prime Plans $160M Regional Hub in Georgia
Prime plans to spend more than $160 million building a regional hub for the southeastern U.S. near Griffin, Ga., the state’s governor, Brian Kemp, announced April 14.
Trump Invokes Defense Production Act for Energy Projects
President Trump has pushed to expand oil production, saying that will help ease energy bills and match the growing demand for power by industries like AI.
Phillips 66, Kinder Morgan Advance Western Gateway Pipeline
California and Arizona boast some of the country’s highest gasoline and diesel prices, owing in part to a loss of West Coast refining capacity.
New York, California React Differently to FMCSA CDL Threats
New York is holding its ground despite a $73.5 million funding hit, while California complied — revoking thousands of licenses to avoid steeper losses.