General News
Union Pacific-Norfolk Southern rail merger faces resistance
The proposed merger of Union Pacific and Norfolk Southern is drawing growing opposition from state officials, shippers and labor unions.
Food industry warns prices will go up for rest of year
Conagra, Campbell’s and Clorox announced or signaled price increases as inflation, tariffs and higher input costs pressure margins.
Oil prices ease but remain above $100
The price for a barrel of Brent crude fell 3% to $104.42. Oil prices jumped earlier this week to their highest levels since May because of the war with Iran.
Inflation picked up in August as gas prices jumped
The Labor Department said Sept. 11 that the consumer price index rose 3.4% last month compared with a year ago.
Diesel prices soar past $6 a gallon for the first time
Higher diesel prices mean more expensive transportation for a long list of everyday goods.
Trucking companies and industry groups gear up for NTDAW
The trucking industry is rolling out giveaways, discounts and recognition events for professional drivers during National Truck Driver Appreciation Week, which runs Sept. 13-19.
Trump’s Venezuela oil venture eyes 150% output hike by 2028
North American Blue Energy Partners is aiming to increase production to 500,000 barrels a day by the end of 2028 from about 200,000 currently.
Diesel futures top $5 a gallon for first time since 2022
Higher futures prices for diesel, seen as the workhorse of the global economy, typically ripple through to the pump and stoke inflation.
DHS launches 24/7 CDL fraud tip line
DHS launched a 24-hour tip line to report suspected commercial driver license fraud, the latest step in a federal crackdown on illicit activity in trucking.
Port of L.A. hits 3-month record as cargo peak stretches on
Dockworkers at the busiest U.S. container gateway moved more than 2.9 million container units in June, July and August combined, marking the busiest three-month period in the port’s history.
Shipping nations warn global trade is fracturing
The armed conflicts, trade wars and extreme weather events hammering maritime supply chains are signs of a “structural shift” for global trade.
Mexican Class 8 truck production accelerates further
Overall, Mexican commercial vehicle production in August totaled 16,389 trucks and buses, up 100.2% year on year. Production also jumped 24.9% month on month.
Surging tanker rates signal a deepening global energy crisis
Freight analysis from data intelligence firm Kpler suggests daily earnings for VLCCs will stay above $100,000 a day into next year, more than double historical levels.
Oil prices hit $105 after rising 4.3% the day before
The price of Brent crude, the international standard, jumped 4% to $105.26 a barrel, after rising 4.3% on Sept. 9.
Wholesale prices spike in latest sign of stubborn inflation
The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 5.4% in August from a year ago, up from 4.7% in July.
Amazon Air crash puts contractor model in focus again
Amazon’s use of contract cargo carriers may limit its liability after a fatal Miami crash involving an Amazon-branded jet.
Florida county employees charged in CDL fraud scheme
The felony charges stem from the alleged misuse of a state CDL reciprocity process involving transferring out-of-state licenses to Florida.
Yellow estate settles with remaining 4 pension plans
The settlement ushered through by Yellow’s liquidating trust has the backing of the largest shareholder of Yellow, MFN Partners, unlike earlier versions.
Founder of cargo booking platform Freightos seeks new chairman
The founder of cargo booking platform Freightos is calling for a board shake-up including the ouster of Chairman Udo Lange, citing a drop in the company’s share price.
Iran ready for more intense war, won’t relent, official says
Tehran has no intention of backing down in the face of an American naval blockade and attacks on its oil tankers, said the official, who asked not to be identified discussing sensitive matters.