Brent crude got as high as $114.70 for a barrel to be delivered in July. It then regressed to $108.64, down 1.6%.

Congressional leaders are aiming to resolve an ongoing funding lapse at the Department of Homeland Security as stakeholders promote their policy priorities.

A key inflation measure jumped in March as gas prices soared. Compared with a year ago, prices rose 3.5%, the biggest increase in almost three years.

Earlier this year, the Trump administration rescinded the EPA’s endangerment finding, marking its most significant climate policy rollback to date.

Growth in consumer spending, which accounts for 70% of U.S. economic activity, slowed to 1.6% in the first quarter from 1.9% at the end of 2025.

Union Pacific and Norfolk Southern say their proposed merger would save shippers $3.5 billion annually in an amended merger application filed April 30.

Ford boosted its full-year profit outlook on strong demand for high-margin pickups and SUVs while warning that a rise in commodity costs will weigh on earnings. 

Amazon on April 29 reported a strong increase in profit and net sales during the first quarter, helped by surging growth in its prominent cloud computing unit.

Oil surged to the highest since June 2022, with no end in sight to the U.S.-Iran conflict or choked-off energy flows through the Strait of Hormuz.

Old Dominion Freight Line saw demand for its services improve during Q1 despite a year-over-year decline in revenue and earnings, the company reported April 29.

The Hanwha Group said it will partner with Canadian auto parts firms to make armored vehicles if it wins a contract to build a submarine fleet for Canada.

Federal Reserve officials left interest rates unchanged but revealed a deepening division over the outlook for policy amid increased uncertainty.

“Speed matters in a tight freight market — but carriers who win aren’t just moving fast, they’re moving smart,” said Mark Hill, CEO of PCS Software.

Shares of Canadian National Railway slumped the most in more than four years after revenue came in below expectations in the first quarter.

North American Class 8 truck sales and production levels are set to accelerate significantly in the second quarter of 2026, according to Paccar executives.

The oil industry is wrangling over who should be liable for contracted shipments that weren’t delivered as a result of the Iran war. 

The Jacksonville, Fla.-based motor carrier posted net income of $39.4 million, or $1.16 a diluted share, for the three months ending March 31.

The meeting, described by a White House official, included representatives of Chevron as well as trading houses Trafigura Group, Vitol Group and Mercuria Energy Group.

Thousands of U.S. importers encounter issues with a new online portal designed to handle claims on the duties that were overturned by the Supreme Court. 

President Donald Trump told Axios he will not lift a naval blockade of Iran’s ports until he secures a deal with Tehran to address the country’s nuclear program.