Texas has revoked 6,407 non-domiciled commercial driver’s licenses (CDLs) held by foreign truckers after federal auditors uncovered systemic licensing violations. The move follows a Federal Motor Carrier Safety Administration (FMCSA) audit that flagged a 49% failure rate in a sample…
The national average retail price of diesel in the U.S. has fallen to $4.98 a gallon, marking the first drop below $5 since mid-March, according to the American Automobile Association. This decline offers some relief for one of the global…
Oil prices have fallen, with Brent crude dropping $1.59 to $75.21 a barrel and US crude falling $1.67 to $71.54 a barrel, as President Donald Trump threatens to investigate oil companies for price gouging. The decline in oil prices is…
Texas has revoked 6,407 non-domiciled commercial driver’s licenses (CDLs) issued to foreign truckers after Federal Motor Carrier Safety Administration (FMCSA) auditors uncovered systemic licensing violations. The state’s Department of Public Safety (DPS) confirmed drivers received downgrade notices, allowing them to…
FedEx Corp. posted adjusted fourth-quarter earnings of $6.31 per share on June 23, 2026, beating Wall Street’s forecast of $5.97 per share. Despite the profit beat, the company’s shares fell 5.4% after its profit margin of 8.4% missed expectations. FedEx…
Amazon’s four-day Prime Day sale ends June 26, and bargain hunters are scrutinizing prices more closely than ever amid high gas prices following the Iran war. Adobe projects U.S. consumers will spend $26.3 billion online during the event, a 9%…
U.S. trailer orders skyrocketed 237% year-over-year in May, defying seasonal norms with 20,700 units booked, according to ACT Research’s preliminary data. FTR Transportation Intelligence reported a similar surge of 249%, tallying 20,189 units—both figures handily beat April’s totals and the…
Mercedes-Benz marks its centenary in 2026, tracing its origins to the 1926 merger that created Daimler-Benz AG on 28–29 June. The brand’s iconic three-pointed star inside a laurel wreath—registered on 21 August 1926—still adorns every Mercedes-Benz today and remains one…
A fire at a Lineage Logistics cold storage warehouse in Los Angeles’ Boyle Heights has been burning for days, spreading smoke and prompting emergency declarations. The fire, which started on June 17, has reached “very unhealthy” air quality levels across…
Iran and Oman have announced their intention to work on a pact regarding the administration of the Strait of Hormuz, including navigation services and transit costs. This development is significant as traders and Western allies have expressed concerns over potential…