General News
USMCA uncertainty clouds outlook for trucking
The lack of clarity is adding volatility to a freight market seeking a smooth ride to greater prosperity after the longest downturn in industry memory.
BP drove up European jet fuel output by 30% during Iran war
BP boosted jet fuel production at its European refineries by about 30% during the Iran conflict, helping the region avoid major shortages while millions of barrels were locked up in the Persian Gulf.
Shell says oil, gas trading strong as war drives volatility
Shell’s trading update offers a first glimpse into how Big Oil fared in a quarter when crude prices hit their highest since the invasion of Ukraine in 2022.
China buys more U.S. soybeans as agricultural trade ramps up
State-owned firm Cofco has booked at least six cargoes of U.S. soybeans for loading between September and October, Bloomberg reported.
Palmer deal gives logistics firm H.Essers U.S. market entry
H.Essers is entering the U.S. market by bringing chemical warehousing firm Palmer Logistics into its operations and outlining plans for expansion.
EU aims to cut dependency on U.S. soy, oilseed imports
The European Commission, the bloc’s executive arm, wants 35% of oilseeds and protein crops used in animal feed to be EU-grown by 2035.
Trade deficit widens to biggest in more than a year
The gap in goods and services trade grew 42.2% from April to $77.6 billion, Commerce Department data showed July 7.
2 tankers hit in latest attacks in the Strait of Hormuz
Tehran, which has repeatedly declared that only its approved route through the strait is safe, is suspected of attacking other ships that have used another route close to the Omani shore.
Walmart cuts prices as Trump claims credit
Walmart has benefited in part from higher inflation under Trump, as consumers have turned to its stores and website in search of lower prices.
Forced-labor hearing paves way for more Trump tariffs
White House officials have made it clear that they plan to use the investigations to restore import taxes to levels in place under Trump’s emergency tariffs.
Service sector expanded at slower pace in June
Fourteen industries reported growth in the June ISM report, including transportation and warehousing. Four industries, including agriculture, contracted.
Toyota to shift some Tacoma output to Texas from Mexico
Toyota is moving some of the production of its popular Tacoma midsize truck from a plant in Mexico to San Antonio as part of a $3.6 billion investment in the facility.
Delta pilot reports firework hit plane above Chicago
A Delta Air Lines flight and a high-flying firework reportedly came into contact in the sky above Chicago as the city celebrated the Fourth of July holiday.
Trump floats Sept. 24 date for Xi visit
President Trump said he expected to meet with Chinese counterpart Xi Jinping around Sept. 24, which would coincide with the UN General Assembly in New York.
SMBs optimistic for rest of 2026 in boon for trucking
Owners and decision-makers at SMBs are also optimistic about the prospects for the rest of 2026, a stance likely to extend the ongoing freight market recovery.
USPS overhauls logistics network as financial pressures mount
The Postal Service is revamping its logistics and transportation network to speed up service and cut costs, but the postmaster general says more funds are needed.
Maersk, Hapag-Lloyd signal Red Sea route return
Maersk and Hapag-Lloyd signaled confidence about resuming passage through the Red Sea, sending the container carriers’ shares down July 6.
Ocado CEO Tim Steiner to step down at start of fiscal 2028
Ocado Group CEO Tim Steiner will exit at the start of its 2028 fiscal year after a boardroom tussle at the British online grocery delivery firm.
Evergreen Marine searched in insider trading probe
Evergreen Marine confirmed authorities had searched its premises, adding that the company was fully cooperating with the investigation.
Port truckers still struggling in harsh market
The trucking companies serving the nation’s largest seaports are still struggling against harsh market conditions even as port volumes increased in May.