General News
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.
AIT to acquire Australia's Connor Anderson International
AIT Worldwide Logistics agreed to acquire Sydney-based freight forwarder Connor Anderson International, expanding AIT’s operations in Australia.
Stopped Trucks Carry Hidden Risk
A truck stopped on the highway shoulder is a hidden risk. KLLM Transport paired Fleetworthy Safety+ alerts with one rule: call every driver. Unauthorized stops fell to near zero.
Calibrate Your Driver Recruitment Strategy at the 2027 Recruitment & Retention Conference!
Attention all driver recruiting and retention professionals! The 24th Annual Recruitment and Retention Conference returns February 24-26, 2027, with a clear focus: helping transportation leaders make smarter recruiting and retention decisions.
TFI’s Bédard bemoans ‘broken record’ of disappointment in LTL
Longtime Chairman and CEO Alain Bédard told analysts and investors during TFI’s third-quarter 2026 earnings call that the carrier plans to raid its peers for manager replacements.
Factory production grows most since 2021
The production gauge notched its best reading since late 2021, data out Nov. 2 showed. A measure of new orders was the highest since July and remained well within expansionary territory.
Oil prices decline on hopes for progress on Iran war efforts
Oil prices dropped Nov. 2, with Brent crude down 5.9% to $106.65 per barrel. Still, that’s much higher than the roughly $65 that a barrel of crude was selling for at this time last year.
Canada's Carney reports progress in trade talks with U.S.
Canadian PM Mark Carney said the conversation built on recent discussions about the outlines of a deal that would create jobs, lower costs for families and protect Canada’s languages, culture and sovereignty.
BP completes Castrol lubricants unit sale to Stonepeak
BP agreed last year to sell a 65% stake in Castrol to U.S. investment firm Stonepeak Partners, marking a key milestone in the company’s efforts to reset its business after years of underperformance.
BP profit hits 18-year high on refinery boom
BP said profit jumped to the highest in 18 years as soaring refining margins boosted earnings, speeding up the energy giant’s efforts to fix its balance sheet and pay down debt.
FMCSA takes aim at HOS, SMS updates
The FMCSA has set its sights on further hours-of-service flexibility and enhancing its safety measurement system in the coming weeks and months.
Used Class 8 retail sales lose steam in September
ACT Research reported that the average retail sales price increased 11.5% to $64,007 from $57,383 the prior year but was down 1.9% sequentially from $65,234.
FedEx Freight goes hunting after initial consolidation
The company’s revenue was $2.442 billion in the three months that ended Sept. 30, an increase of 8.1% compared with $2.259 billion in the same period a year earlier.
XPO’s higher Q3 volume, profit powered by SMB, grocery wins
Greenwich, Conn.-based XPO benefited from improved freight market conditions and customer service, the executives told analysts and investors.
Schneider CEO Filter hopeful over supply-driven upcycle
Schneider CEO Jim Filter is optimistic capacity corrections will further drive trucking into a freight market upcycle.
Cyber insurance expands amid costly attacks
Business email compromise generated 24,768 complaints and $3 billion in reported U.S. losses last year, ranking second only to investment fraud.
Saia expansion terminals deliver improved Q3 results
Less-than-truckload carrier Saia said performance improved at terminals added during its recent phase of expansion.
More states halt non-domiciled CDL programs
Louisiana and Wyoming have ceased issuing non-domiciled commercial driver licenses, while Ohio is ending its program and downgrading credentials.
Logistics CEO: Hormuz rerouting will raise consumer prices
DP World CEO Yuvraj Narayan warned prolonged Strait of Hormuz disruption is raising logistics costs and could drive consumer prices higher worldwide.
ExxonMobil, Chevron top Q3 estimates on higher prices
Besides the disruption caused by the wars in Iran and Ukraine that have driven up the cost of fuel, Exxon is also seeing strong production in its fields in Guyana and the Permian Basin.