Global oil prices remained essentially flat on August 21, 2026, as negotiations between the U.S. and Iran to reopen the Strait of Hormuz made little progress, keeping geopolitical risks elevated. Brent crude, the international benchmark, dipped 0.1% to $93.67 per…
Ryder System CEO John Diez forecasts at least a 10% year-over-year spike in used truck and tractor prices for 2027 as market conditions tighten. The prediction follows a 6% annual increase in used tractor pricing and a 3% rise in…
The Port of Los Angeles capped its second-busiest July on record in 2026, handling 960,464 TEUs (twenty-foot equivalent units) as importers scrambled to outmaneuver global supply chain disruptions and shifting U.S. tariff policies. The port’s July tally landed 8% below…
Selling over-the-road transportation equipment through private deals can be messy, slow, and frustrating. Instead, fleet owners turn to auctions for a faster, smarter way to refresh inventory—and Taylor & Martin delivers results that outshine the competition. For more than 60…
Hong Kong-based conglomerate CK Hutchison Holdings has initiated arbitration seeking more than $1.5 billion in damages from Panama after the Central American nation seized two key Panama Canal ports. The dispute centers on the takeover of Balboa and Cristobal ports,…
Retail giant Walmart has posted its slowest U.S. comparable sales growth in six years for the quarter ended July 31, 2026, sending shares down 6% in premarket trading. Comparable sales, which include online sales tied to physical stores, rose 2.6%…
Global oil prices surged on August 20, 2026, after a ballistic missile strike in the United Arab Emirates triggered nationwide alerts—the first such warning in weeks—fueling fresh geopolitical jitters. Brent crude, the international benchmark, jumped 2.5% to $93.90 per barrel,…
Pennsylvania has enacted a new law to crack down on unlicensed commercial driver’s license (CDL) training schools, giving regulators the power to impose civil penalties of up to $25,000 per violation. Governor Josh Shapiro signed Act 50 on July 20,…
The United States is poised to slash tariffs on certain Canadian steel and aluminum imports from 50% to 25% under a tentative trade deal currently being negotiated, according to multiple reports citing people familiar with the matter. The proposed reduction,…
U.S. fuel refiners are operating at the highest capacity since the Iran conflict began, processing 17.4 million barrels of crude oil per day last week—the most since September 2019. The surge comes as global fuel markets tighten due to disruptions…