The United States and Iran remain deadlocked over control of the Strait of Hormuz, a critical chokepoint for global oil and liquefied natural gas shipments, with no breakthrough in sight despite ongoing indirect talks. The impasse has persisted even after…
US Senators Todd Young and Andy Kim have introduced the Safety and Accountability in Freight Enforcement (SAFE) Act, a Senate companion to a House bill targeting chameleon carriers. The legislation directs the Federal Motor Carrier Safety Administration (FMCSA) to study…
Global oil prices surged on Tuesday after a brief lull in the Iran war was shattered by fresh missile strikes, pushing Brent crude up $3.71 to $85.79 per barrel and U.S. benchmark crude up $3.78 to $83.04. The rebound followed…
A Chinese car carrier, the Glovis Nova, has set a national record for electric vehicles shipped in one voyage, carrying 7,738 Teslas from Shanghai to Zeebrugge in Belgium. The ship, which can carry up to 10,800 vehicles at once, is…
TFI International is pushing ahead with autonomous truck rollouts for its U.S. less-than-truckload (LTL) linehaul operations, targeting 2027 for initial deployment. Speaking to analysts on July 27, 2026, CFO David Saperstein confirmed the Montreal-based carrier is collaborating with an undisclosed…
Ryder System Inc. has reported the strongest sequential increase in truck and tractor rental demand in four years during Q2 2026, signaling a potential freight market rebound. While year-over-year rental demand remains below historical seasonal levels, the sequential rise—driven by…
TFI International is plotting a major expansion into U.S. nonunion less-than-truckload (LTL) freight, including a potential acquisition valued at roughly $142 million (C$200 million). The move comes as the Montreal-based logistics giant seeks to diversify beyond its heavily unionized U.S.…
TFI International’s truckload division has seen significant improvement in its operating ratio, which decreased to 86.1 in Q2 2026 from 90.1 in the same period last year. The division’s revenue before fuel surcharges rose 6.8% to $760.8 million, and revenue…
CMA CGM, the world’s third-largest container line, has reported a 19% jump in revenue and a 6% rise in container volumes for the second quarter, driven by a rebound in Chinese exports to the US. The company’s EBITDA increased by…
Waymo’s robotaxis in Austin have racked up 83 parking citations totaling $9,325 since launching in 2024, with 64 of those violations tied to a single issue: parking in tow-away zones. According to city records obtained by The Wall Street Journal,…