General News
Senate Confirms McCormack for Top DOT Policy Post
The Senate recently confirmed Ryan McCormack to serve as under secretary of transportation for policy, filling one of the department’s top strategic roles.
WWEX Sale Gives Thoma Bravo Path to New Logistics Platform
Thoma Bravo agreed a deal to acquire third-party logistics provider WWEX Group — a TT Top 100 logistics company — and merge it with an existing portfolio company.
Trump Warns Spain of Trade Halt After Base Access Dispute
“Spain has absolutely nothing that we need other than great people,” President Trump said. “They have great people, but they don’t have great leadership.”
Federal Judge Backs MTA in New York Congestion Toll Case
U.S. District Judge Lewis Liman found March 3 that Transportation Secretary Sean Duffy’s move to end the program was “arbitrary and capricious.”
Canada Plans $2.6B to Spur Critical Minerals Projects
Energy Minister Tim Hodgson gave further details on the package March 3, including C$44 million for upgrades to the Northwest Transmission Line in northern British Columbia.
Medline Shareholders Seek $3.4 Billion Stake Sale
Shareholders including Blackstone, Carlyle Group, Hellman & Friedman and the Abu Dhabi Investment Authority are offering the shares, according to a filing the morning of March 3.
Kuehne + Nagel to Cut 2,000 Jobs as War Pressures Markets
The conflict in the Middle East creates additional unknowns. “The whole issue of supply chain reliability will become more important,” CEO Stefan Paul told journalists on March 3.
Trump Team Holds Oil Reserve Despite Price Spike
A decision to tap the Energy Department’s Strategic Petroleum Reserve could help stanch prices spikes, at least temporarily. The reserve currently holds about 415 million barrels.
LNG Tanker Offers Jump 100% to $200,000 After Qatar Halt
Shipowners and brokers are demanding more than $200,000 a day for LNG tankers in the Atlantic Basin, roughly double what they were commanding less than a day earlier, according to sources.
Crude Spike Prompts Producers to Secure Future Prices
Oil producers jumped on a chance to lock in prices for future sales as the crude market soared, opening a window that had been scarce before the U.S. and Israel launched strikes on OPEC member Iran.
Sunbelt Enters US Market as Asset-Heavy Bets Gain Traction
Sunbelt Rentals Holdings made its U.S. stock-market debut March 2, amid a recent rush by investors into asset-heavy, capital intensive businesses that can’t be replaced by AI.
Torc Advances Autonomous Truck Testing in Michigan
Freightliner Cascadias equipped with Torc’s software began testing in Michigan in February, adding to trials already underway on roads in the Dallas-Fort Worth area and in Virginia.
Labor Department Plans to Rescind Independent Contractor Rule
Secretary of Labor Lori Chavez-DeRemer announced a proposed rule to rescind a controversial independent contractor rule in a move welcomed by the trucking industry.
Agriculture Markets Brace for Prolonged Iran Turmoil
Agriculture traders rushed to adjust positions with the escalating conflict in Iran threatening to disrupt supply chains from corn and soybean meal to fertilizer and sugar.
Containership Giants Move Freight Away From Gulf Hot Spots
Some carriers are canceling bookings temporarily, skipping some port calls, warning of delays and implementing surcharges to transport containers through the conflict zone.
Wabash Parts Network Swells as Manufacturing Plants Are Idled
Trailer manufacturer Wabash is continuing to expand its parts and service center operations while trimming manufacturing capacity as part of a strategic pivot.
Federal Circuit Sends Tariff Case Back After Trump Loss
An appeals court rejected the Trump administration’s request to delay next steps in the fight over tariff refunds for importers after the Supreme Court struck down Trump's signature policy.
ATRI: Chicago Home to Worst Truck Bottleneck
Chicago’s Interstate 294 at I‑290/I‑88 has been named the nation’s top freight bottleneck in 2026, according to a new analysis from the American Transportation Research Institute.
Crossword Puzzle Solution for March 2, 2026
Here's the solution to the crossword puzzle found in the March 2, 2026 print edition.
Diesel and Gasoline Prices Rise on Iran Strikes
“It’s the rockets and feathers effect,” Christopher Knittel, a professor of energy economics at the Massachusetts Institute of Technology. “When things are going up — they go up fast.”