General News
U.S. to partner with energy company on Venezuela oil deal
The U.S. is creating a private company as a joint venture with NABEP — a detail the White House had withheld for days.
Oil prices continue to climb as violence flares in Iran war
Brent crude gained 1.7% to $92 a barrel on Sept. 1, following a 2.7% rise on Aug. 31 as recurring violence in the Iran war after more than a month with no significant fighting heightened uncertainty over the future of the conflict.
Amazon faces FTC lawsuit over sponsored ad pricing
The FTC and a group of U.S. states sued Amazon over claims the e-commerce giant systematically overcharged advertisers by more than $20 billion since 2019.
ELP violations rank fourth among OOS orders during CVSA event
Renewed federal enforcement landed out-of-service violations for ELP among the top five infractions cited for U.S. truck drivers during CVSA's Roadcheck safety blitz.
A higher bar for brokers
Brokers are reassessing how they vet and monitor carriers, from safety review processes and load assignment practices to the tools used to evaluate performance.
Pabst taps public for help after beer truck theft
Pabst Brewing is bringing attention to the theft of one of its trucks from a Southern California warehouse earlier this month.
BYD asks about taking over Canada Stellantis plant
Most of the vehicles Canada produces are exported to the U.S., but the trade war and the lack of a new product earmarked for the factory have clouded its future.
Trump’s Venezuela oil deal leaves $100B question unanswered
Trump says the deal would lower gas prices and replenish crude reserves, but neither outcome is certain.
A 104-year-old farmer's tractor sale points to farm recovery
More growers are sending equipment to the auction block, and the market has been so starved of equipment that buyers are absorbing the new supply and bids are staying strong.
Fleets turn to AI to extend the reach of driver coaching
Safety managers at two large carriers discussed how they are using AI tools to provide more timely guidance to their drivers at a technology summit this summer.
Crop prices record biggest monthly gain since 2012
Rising energy and transport bills driven by the war in Iran are fueling worries about the cost of everyday pantry staples from bread to meat and dairy.
Oil prices top $90 as U.S. hits Iran in Strait of Hormuz
Oil prices surged more than 3% after the U.S. strike on Aug. 30 broke a lull in fighting in a war that has lasted more than six months. Brent crude, the international standard, jumped 3.2%, to $90.91 a barrel.
Nissan and Honda agree to work together on software for cars
Under the deal, Nissan and Honda will share standardized parts in “core ECUs,” or electronic control units, as well as software.
3 more states end non-domiciled CDL programs
In response to a crackdown in federal enforcement, more states are opting out of the voluntary programs. For many, compliance requires significant changes.
Rivian CFO Claire McDonough moves to GE Vernova
The leadership change injects a measure of uncertainty at Rivian as the company works to accelerate deliveries of its new, lower-cost line of vehicles.
Ports volumes in July slow despite pockets of strength
Cargo shipments through the largest U.S. seaports exhibited signs of summertime strength amid uneven volume and tightening capacity, experts said.
Abu Dhabi-backed Mubadala buys Arrive Logistics majority stake
Mubadala Capital is a subsidiary of Mubadala Investment, one of the sovereign wealth funds of the government of Abu Dhabi. The price tag was not disclosed.
Chevron nears deal to expand oil operations in Venezuela
Chevron is negotiating to add two new oil fields to its operations in Venezuela, according to people familiar with the matter, Bloomberg reports.
U.S. commander declares Hormuz shipping lanes are mine-free
U.S. allies, however, have privately warned that the strait, a key thoroughfare for Middle East oil, natural gas and fertilizer, was still likely mined.
Fed chair signals interest rate hikes may be needed
Kevin Warsh acknowledged that recent inflation reports show it has cooled a bit, but “they do not tell me that underlying trends have meaningfully improved.”