Brent crude, the international standard lost $3.30 to $97.97 per barrel.

The Trump administration has begun paying out refunds for the $166 billion in global tariffs that the Supreme Court declared unlawful earlier this year.

GXO Logistics Inc. on May 5 reported first-quarter revenue and earnings growth, supported by a swing from a loss to a profit year over year.

“Ultimately, it’s still going to come back to the primary issues of risk and safety," that shippers have to evaluate.

Mack Trucks unveiled an MP13 engine compliant with the EPA's upcoming 2027 nitrogen oxide emissions regulations at the 2026 ACT Expo on May 5.

The agency is expected to leave in place a requirement that NOx emissions for heavy-duty trucks fall to 35 milligrams per horsepower-hour from 200 mg/hp-hr.

ACT Expo 2026 signaled momentum shifts in the clean transportation movement and growing acceptance of connected vehicle technology, AI and autonomous driving.

“Data, predictive analytics and AI-driven logistics are reshaping how we manage capacity and deliver more reliable service,” FedEx Freight's John Smith said.

The shipments rose to 8.2 million barrels a day, according to data published May 6 from the U.S. Energy Information Administration.

Iranian media reported that shipowners need to send an email to an organization called the Persian Gulf Strait Authority if they want to send ships through the strait.

President Donald Trump recently vowed to slap 25% tariffs on European vehicles, accusing the bloc of taking too long to ratify the agreement.

Amazon's launch of a new supply chain service raised competition concerns for transportation providers, but experts caution the impact will be limited.

The ride-hailing service guided total gross bookings to between $56.25 billion and $57.75 billion for Q1, while analysts looked for $56.23 billion. 

The price for a barrel of Brent crude oil, the international standard, sank 5.7% to $103.61, down from more than $115 early this week.

California’s fuel watchdog has issued subpoenas to gasoline stations across the state that are charging anomalously high prices.

There were few signs of disruption in the first quarter. Truck orders rose by 50% to 114,043 units, while revenue and earnings declined.

The price of a gallon of regular gasoline climbed 31 cents in the past week, spiking to an average of $4.48 per gallon on May 5, according to AAA.

FourKites announced on May 5 an ocean freight booking platform designed to autonomously select carriers, execute bookings and manage documentation.

"Sustainability is only sustainable if it makes business sense. You can only make a difference if you stay in business,” FedEx Freight's John Smith said.

U.S. gasoline inventories are on pace to drop to historical seasonal lows by late summer, further straining a tight fuel market upended by the war in Iran.