The agreement, which has not been finalized, would offer as much as $500 million in financing in exchange for warrants to purchase up to 90% of the new entity.

Sagepoint Logistics is launching a dedicated truckload carrier in June, using 60 Freightliner Cascadias equipped with Cummins’ X15N engines.

Rep. Brad Knott (R‑N.C.), a member of the House Transportation and Infrastructure Committee, unveiled the SAFER Transport Act as a means to combat cargo theft.

Love’s Travel Stops recently opened its second San Antonio location, which will soon feature its first Whataburger restaurant, the company announced April 16.

The more cautious outlook puts United broadly in line with peers grappling with the same pressures, including Delta and Alaska Air.

The price for a barrel of Brent crude oil, the international standard, added 1.4% to $99.88 on uncertainty about when the war with Iran could let up.

Company says Didier Papadopoulos' decision was personal and wasn’t based on any “disagreement or dispute” with Joby.

“It’s a bit naive to say that, after this has ended, that things will go back to pre-war situations,” said Jotaro Tamura, president and CEO of Mitsui.

Iran has sought to charge some vessels for safe passage through the waterway since the Middle East war began.

One emerging method involves an organized crew getting one of its members hired as a driver at a legitimate carrier to circumvent industry vetting processes.

The head of Volvo Group’s North American trucks division, Stephen Roy, will step down Aug. 1, the Swedish company said April 21.

President Trump said that while the U.S. would hold off on fresh attacks, it would maintain its blockade on the Strait of Hormuz. 

Saia opened its newest terminal in York, Pa., to enhance its network in the Northeast, the Johns Creek, Ga., carrier announced April 20.

Amazon will invest $5 billion immediately as part of the new agreement announced this week by the companies, and up to another $20 billion in the future

Asked on CNBC about companies filing for tariff refunds, Trump said, “It’s brilliant if they don’t do that. If they don’t do that, I’ll remember them.”

Texas oil pipelines are running above designed capacity in some cases amid rampant overseas demand for U.S. crude to replace cargoes stranded by the Iran war.

Spirit has considered offering the U.S. government an equity stake in the discount carrier to help stave off its potential liquidation.

Since the Iran war began at the end of February, crude oil and refined product supplies from the Persian Gulf have been slashed by 13 million barrels a day.

Consumers fail to recognize the impact of crises until a single event — such as a major plant closure — triggers “broader uproar,” DHL CEO Tobias Meyer said.

U.S. benchmark crude slipped 14 cents to $87.28 per barrel, while the price for a barrel of Brent crude, the international standard, is off 47 cents to $95.01.