General News
September Class 8 truck orders lose pace on EPA uncertainty
After a strong start to the year, North American Class 8 truck orders slowed further in September on uncertainty over upcoming emissions regulations.
Hub Group continues to reshape oversight with board additions
Veteran executive David Yeager continued to reshape Hub Group’s management and oversight framework following the discovery of accounting errors at the carrier.
Lucid pulls back on quarterly EV output to cut costs
The Saudi Arabia-backed company said Oct. 5 that it assembled 2,954 EVs in the third quarter, down about 24% year-over-year and a 38% reduction from the previous three-month period.
C.H. Robinson-RXO deal may spur brokerage consolidation
The Oct. 5 announcement quickly sparked discussion across the transportation industry about its competitive and technological implications.
Mideast oil chiefs warn world must share cost of Iran war
The conflict has led to widespread damage to oil pipelines, refineries, gas plants and dozens of tankers, racking up a bill for new investment that’s already in the tens of billions of dollars.
U.S. trade gap widens to $105.6 billion as imports hit record
The gap in goods and services trade grew 13.7% from the prior month to $105.6 billion, Commerce Department data showed Oct. 6.
Uber to buy catering platform ezCater for $2.3B in cash
The acquisition will help better position Uber against rival DoorDash, the leading food-delivery platform in the U.S.
Energy Transfer to buy Vaquero Midstream for $2.63 billion
Expanding its network in the prolific Permian Basin will enable Energy Transfer to feed more gas into its downstream network as booming U.S. exports and development of data centers drive demand for the fuel.
Oil prices ease as larger volumes have been crossing Hormuz
Brent crude fell $1.99 to $98.33 per barrel. Analysts say upward pressures on oil prices have eased as larger volumes of oil have been crossing the Strait of Hormuz.
Cargill profit undercut by cattle costs, cocoa losses
Cargill's fiscal first-quarter earnings fell by more than half as the largest private company in the U.S. was pressured by higher costs for cattle and cocoa
Used truck sales take unexpected dip as inventories tighten
Used Class 8 truck sales slowed in August, defying typical seasonal trends as inventories tightened.
XPO opens 2 service centers as network expansion continues
The new facilities in Mesa, Ariz., and Cameron, Mo., are part of a broader investment in XPO’s North American network.
Trump plans to ease limits on tax-exempt dyed diesel
Fuel that is usually used for off-road purposes is exempt from the federal excise tax of 24 cents a gallon.
Trucking applauds new Labor secretary Sonderling
American Trucking Associations supported Sonderling’s nomination, pointing to his involvement in trucking policy issues and participation in industry advocacy events.
Chevron names Gustavson CFO as oil giant eyes CEO succession
Gustavson will replace Eimear Bonner, who had been CFO since March 2024, and who will take responsibility for all of Chevron’s oil, gas and refining operations.
Global oil supply buffer is ‘scarily thin,’ Aramco CEO says
Consumption of crude is still rising and countries will require even more supply for at least the next two years while rebuilding their inventories, Amin Nasser said.
Major oil exporters to keep production steady in November
The OPEC+ subgroup — Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman — will meet again on Nov. 1 to review conditions in the oil market.
Oil prices rise over concerns about global market
Brent crude rose 0.7% to $102.91 a barrel. Oil prices have been yo-yoing lately amid uncertainty about how the war with Iran will reshape the global oil industry.
C.H. Robinson to acquire RXO for $5.8 billion
RXO shareholders will receive $17.25 in cash and 0.0856 share of C.H. Robinson for each RXO share they own, for an implied consideration of $30.25 a share
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