General News
TFI Beats Q1 Expectations as TL Flatbed Ops Boost Results
TFI International posted a stronger first quarter than expected, aided by acquisitions made during the freight downturn that grew its industrial customer base.
Shell Sees Tight Oil Supplies as Hormuz Remains Blockaded
The oil and LNG shortages caused by the blockade of the Strait of Hormuz are likely to drag on for months and possibly into next year, Shell CEO Wael Sawan said
UAE Says It Will Leave OPEC May 1 in Blow to Oil Cartel
The move has been rumored for some time as the UAE chafed under production restrictions and increasingly had frostier relations with neighboring Saudi Arabia.
GM Boosts Outlook by $500 Million
Sales of GM’s Chevrolet Silverado and GMC Sierra pickups, its largest profit generators, remained strong despite gas prices surging above $4 a gallon.
UPS Beats Q1 Profit, Sales Expectations
Adjusted earnings were $1.07 a share for the first quarter, the company said. Revenue of $21.2 billion was also narrowly ahead of expectations.
BP's Profit More Than Doubles in Q1 as US Gas Prices Rise
BP earned $3.84 billion for the quarter. A year earlier the London-based oil and gas company earned $687 million.
Trump Pursues Durable Tariffs After Supreme Court Rebuff
The Office of the U.S. Trade Representative will begin hearings in two investigations that are expected to lead to a new round of U.S. tariffs.
Oil Prices on Upswing as Iran War Drags On
Brent crude to be delivered in July, which is where more of the trading is happening in the oil market, rose $2.19 to $103.88 per barrel.
Value Airlines Seek $2.5B in Fuel Aid From Trump White House
Budget airlines are seeking $2.5 billion from the Trump administration to offset rising fuel prices, offering warrants allowing the U.S. to buy equity stakes.
New York Sues USDOT Over $73.5M in Withdrawn Federal Funds
New York is suing USDOT, saying it lacks the authority to withhold $73.5 million in funding over what DOT said were noncompliance issues with state-issued CDLs.
Shell Arc Deal Underscores Canada Appeal as Energy Supplier
Analysts say Shell's purchase of Canada’s Arc Resources marks a vote of confidence in Prime Minister Mark Carney’s push to expand the nation’s hydrocarbon exports.
CBO: Tariff Policy Shifts Could Add $1.1 Trillion to Deficit
The CBO says shifts in U.S. tariff policy may add $1.1 trillion to federal budget deficits over a 10-year period, though exact calculations aren’t yet possible.
Joby Flies Electric Air Taxis Between JFK and Manhattan
Joby Aviation is flying electric air taxis between John F. Kennedy International Airport and Manhattan this week to show off its quieter, zero-emission aircraft.
Walmart Raises $4.25 Billion in High-Grade Bond Sale
Walmart Inc. raised $4.25 billion from a high-grade bond offering, boosting the size of the deal amid a flood of issuance that was mostly well received.
Trucker Challenges Arrest, ICE Detention After Traffic Stop
Jagdish Singh won a partial victory April 20 when a federal judge agreed the government violated his Fifth Amendment due process rights in arresting him.
Heartland Q1 Loss Narrows on Busy March, Lower Expenses
A positive March due to improved freight volume and higher driver utilization plus lower expenses boosted Q1 2026 results at truckload carrier Heartland Express.
Freightliner Upgrades Cascadia Safety Technology Suite
The upgrades to the truck’s Detroit Assurance safety software include Cross Traffic Assist and Active Side Guard Assist 2.
Scotseal X-treme HD Keeps Vehicles on the Road
Reliability is crucial in the world of heavy-duty vocational vehicles. When it comes to operating in harsh environments and demanding applications such as waste management, construction, mining, and forestry operations, vehicle equipment is constantly pushed to its limits. It’s these operating conditions that drive the development of the latest innovation from SKF Automotive: the Scotseal X-Treme HD seal.
BP Passes Exxon to Emerge as Top Oil Stock During Iran War
BP, long the laggard among oil supermajors, is emerging as the sector’s top stock during the Iran war as it reaps “exceptional” trading profits.
Oil Prices Rise With Iran Talks at Impasse
Brent crude to be delivered in July, which is where most of the trading is happening in the oil market, rose 2.3% to $101.38 per barrel.