General News
Americold, EQT Form $1.3 Billion Cold Storage Venture
The transaction will give EQT a 70% interest in the North American venture, with Americold retaining the remaining 30%, the companies said May 7.
RXO Boss Optimistic About Supply-Side Recovery
RXO CEO Drew Wilkerson expressed optimism that the freight market is recovering and that the company is well positioned for the upturn while reporting first-quarter results May 7.
Cyber Cargo Theft Cases Surging, FBI Warns
The FBI has issued a public alert about “surging” cargo theft cases involving cybercriminals impersonating a broad range of legitimate freight companies.
Iran Creates New Agency to Control Shipping in Hormuz
The move has raised concerns about eroding the freedom of navigation on which global trade depends.
Numbers Show Global Impact of Iran's Grip on Hormuz
Iran’s grip on the Strait of Hormuz has jolted the world economy. Here is a look at the strait by the numbers.
US States Have Revoked 28,000 Non-Domiciled CDLs
Transportation Secretary Sean Duffy highlighted the revoked non-domiciled CDLs among a list of one-year accomplishments to support the trucking industry.
US Considers Tapping Oil at Military Bases to Refill Reserve
The move comes as the administration has vowed to find ways to refill the Strategic Petroleum Reserve, which has seen additional declines during the Iran war.
Shell Profit Climbs as Iran War Boosts Oil Trading
Shell, which recently announced the acquisition of Canadian oil and gas producer ARC Resources, cut its quarterly share buyback and raised its dividend.
CEO Says Maersk Will Pass Higher Oil Costs to Customers
The Iran war has raised expenses by about $500 million a month, Maersk CEO Vincent Clerc said.
DoorDash Plans to Spend $50M on Gas Price Relief for Drivers
DoorDash said demand for deliveries remained strong in the January-March period despite higher gas prices, with total orders rising 27% to 933 million.
Oil Prices Fall on Tenuous Peace Between Iran, US
Brent crude, the international standard lost $3.30 to $97.97 per barrel.
First Trump Tariff Refunds Reach Importers
The Trump administration has begun paying out refunds for the $166 billion in global tariffs that the Supreme Court declared unlawful earlier this year.
GXO Reports Swinging From Loss to Profit in Q1
GXO Logistics Inc. on May 5 reported first-quarter revenue and earnings growth, supported by a swing from a loss to a profit year over year.
Shipping Firms Whipsawed as They Wait for Hormuz to Reopen
“Ultimately, it’s still going to come back to the primary issues of risk and safety," that shippers have to evaluate.
Mack Trucks Reveals EPA 2027-Compliant MP13 Engine
Mack Trucks unveiled an MP13 engine compliant with the EPA's upcoming 2027 nitrogen oxide emissions regulations at the 2026 ACT Expo on May 5.
EPA 2027 NOx NOPR Expected by Late June, OEMs Say
The agency is expected to leave in place a requirement that NOx emissions for heavy-duty trucks fall to 35 milligrams per horsepower-hour from 200 mg/hp-hr.
Clean Fleets Target Business Cases as Subsidies Fade
ACT Expo 2026 signaled momentum shifts in the clean transportation movement and growing acceptance of connected vehicle technology, AI and autonomous driving.
FedEx Freight Adds AI Tools to Boost Win Percentage
“Data, predictive analytics and AI-driven logistics are reshaping how we manage capacity and deliver more reliable service,” FedEx Freight's John Smith said.
US Exports of Oil Products Reach Record on Diesel Demand
The shipments rose to 8.2 million barrels a day, according to data published May 6 from the U.S. Energy Information Administration.
Shipowners Stay Cautious on Sending Vessels Through Hormuz
Iranian media reported that shipowners need to send an email to an organization called the Persian Gulf Strait Authority if they want to send ships through the strait.