U.S. crude oil exports to Asia are set to hit multiyear lows after the Iran war pushed the cost to lease a tanker for the journey to a record of almost $80 million.

The Okotoks, Alberta-based company has positioned its specialized transport networks for incoming energy, infrastructure and industrial developments.

QatarEnergy signed a deal with Cheniere Energy to buy 4 million tons a year, the Middle East nation’s first such U.S. offtake deal as its own production has been throttled by the Iran war.

Knight-Swift CEO Adam Miller expressed optimism Oct. 21 that the market is shifting to better favor safe carriers after Montgomery v. Caribe Transport II.

The move follows a flurry of attacks by Yemen’s Houthis on key Saudi infrastructure, including drone strikes that shut down its most important pipeline for several days in September.

The Oct. 22 announcement bumps the total to 3,750 jobs and a $600 million investment in new manufacturing operations in Will County.

Brent crude gained 3.3% to $112.38 per barrel. It has been bouncing between $97 and $112 in recent days on uncertainty about when the war with Iran will allow the global energy industry to return to normal.

Bosch Mobility will be transferred out of the German parent company into a separate limited-liability company while remaining wholly owned by the Bosch group.

Tesla's third-quarter profit beat estimates, potentially assuaging concerns about the EV maker’s increased investment into new areas such as robots and AI.

U.S. and Mexican trade negotiators have hit an impasse over tariffs on steel and aluminum, dashing earlier optimism for an imminent deal.

The IRS announced Oct. 14 that no penalties would be imposed on dyed diesel sold and used to drive on highways nationwide from Oct. 1 through Dec. 31.

Prime Minister Mark Carney unveiled a C$9 billion partnership with Ontario to support the province’s tariff-battered steel and auto industries.

GM is unfazed by the EV meltdown of the past few years, moving ahead with a new program expected to produce a new battery-powered mainstream SUV with about three years.

FMCSA Administrator Derek Barrs expanded the waiver to provide motor carriers with more flexibility when transporting fuel to offset global supply disruptions, higher demand and rising costs.

In a phone call with Trump earlier this month, Putin agreed to relax diesel-export restrictions and send more fuel to the global market, including the U.S.

The litigation followed a European Union cartel probe that led truck makers to pay billions of euros in fines.

International Motors will introduce a second shift at its San Antonio truck assembly plant in 2027 to meet growing demand after already increasing output in 2026.

Mack Trucks President Jonathan Randall and Service Director Ashish Sadhu talked about the market outlook, product investments and preparations for 2027.

The Energy Department plans to loan 315,000 barrels from the 1 million-barrel Northeast Home Heating Oil Reserve, according to a statement Oct. 21. 

The truck was broken into Oct. 13 near Professional Sports Authenticator, which authenticates trading cards, the Santa Ana Police Department said.