General News
Ex-Shell US Oil Trading Boss Claims He’s Owed $29 Million Bonus
Shell's former head of oil trading in the U.S. was stiffed on his 2020 bonus by more than $29 million, he claims in a lawsuit.
DAT, OTR Legal Dispute Heads to June 17 Emergency Hearing
OTR alleges DAT’s acquisition of Seattle-based Outgo and subsequent actions breach binding agreements between the erstwhile partners and are causing harm to OTR’s business.
Crossword Puzzle Solution for June 16, 2025
Here's the solution to the crossword puzzle found in the June 16, 2025 print edition.
Perspective: Mission Impossible for New CSA Changes?
Using Compliance Safety Accountability Safety Measurement System scores alone to predict an individual fleet’s propensity to be involved in a crash might be "Mission Impossible."
Air Taxi Firm Archer Sees More Defense Demand in Short Term
Electric aircraft maker Archer Aviation expects its defense-related sales to outstrip commercial air taxis in the short term.
G7 Summit Opens in Canada With a Focus on Trade
As the G7 summit begins in Canada, the U.S. has hit several nations with tariffs, there is little progress in settling wars in Ukraine and Gaza, and a new conflict involves Israel and Iran.
Truck Parts Distributor Transaxle to Shut Down
Truck parts distributor Transaxle with facilities in 11 states is closing after an unsuccessful attempt to sell the company.
Eaton Agrees to Buy Defense Group Ultra PCS for $1.6 Billion
Eaton agreed to buy defense and aerospace systems company Ultra Precision Control Systems from private equity firm Advent for $1.55 billion.
Oil Shippers Pause Offers of Vessels to Middle East
Some oil tanker owners and managers have paused offering their vessels for Middle Eastern routes since June 13 as they assess the risks from Israel’s conflict with Iran.
Nippon Wins Conditional Approval to Buy US Steel
Nippon Steel won conditional U.S. approval for its $14.1 billion purchase of U.S. Steel, capping a lengthy saga in a tie-up that will create one of the world’s largest steel companies.
Built for Performance. Designed for Ease.
Today, we introduce to you the 34 Series LED Marker & Clearance Light– a next-generation upgrade for the specialty trailer market. With a sleek, modern design and enhanced light output, this 1.25” round light delivers unmatched visibility while simplifying installation.
Keep Your Fleet Rolling with Greater Uptime
Amerit Fleet Solutions helps trucking fleets achieve over 95% asset uptime with preventive maintenance, tailored strategies, and data-driven insights that keep your fleet rolling.
Israel-Iran Clash Revives $100-a-Barrel Oil Fears
The barrage of headlines has revived memories of the political upheavals and price spikes of the 1970s — and yet even when oil prices have jumped, it inevitably proved short-lived.
Port of Los Angeles Imports Sink 19% Amid Trump Tariffs
The drop in port activity came as importers and retailers — especially those with business in China — grappled with the uncertainty of Trump’s trade war.
US to Ease Rules Hindering Tesla’s Self-Driving Cybercab
The Trump administration is taking steps that would make it easier for automakers to deploy-self driving cars without driver controls.
Oil Tanker Market Roiled by Israeli Airstrikes Against Iran
Israel’s airstrikes on Iran drove up freight rates and tanker stocks June 13 as traders and investors priced in the prospect of disruption to a large swath of the global oil-shipping fleet.
Ford CEO Says Rare Earth Supply Is ‘Day to Day’
Ford continues to struggle to obtain rare earth magnet supplies that are essential to car production and have already forced a temporary shutdown of one of its factories.
Trump Plans Biofuel Quota Boost
The Trump administration is proposing oil refiners blend more biofuels into gasoline and diesel next year while seeking to discourage the use of imported supplies.
Amazon, Walmart Consider Issuing Own Stablecoins: Report
Amazon and Walmart are among large multinational companies that have discussed issuing their own stablecoins in the U.S., the Wall Street Journal reported, citing unidentified people.
JBS Shares to Begin Trading on NYSE
Brazilian meat giant JBS expects its shares to begin trading June 13 on the New York Stock Exchange.