Inflation Rises in August as Gas Prices Surge
The US inflation rate accelerated in August, driven by a spike in gas prices following renewed fighting in the Middle East. According…
Commercial Vehicles
Diesel Prices Soar Past $6 a Gallon for the First Time
The national average diesel price in the US has reached a record $6.05 per gallon, up from $3.70 last year, due to…
Trucking Companies Gear Up for National Truck Driver Appreciation Week
Trucking companies, travel centers, and industry groups are preparing to show their appreciation for professional drivers during National Truck Driver Appreciation Week…
Trump’s Venezuela Oil Venture Aims for 150% Output Hike by 2028
North American Blue Energy Partners (NABEP), a company backed by the Trump administration, plans to increase Venezuelan crude oil output to 500,000…
Diesel Futures Top $5 a Gallon for First Time Since 2022
US diesel futures have surged above $5 a gallon for the first time since April 2022, amid global supply disruptions and escalating…
Port of L.A. hits 3-month record as cargo peak stretches on
The Port of Los Angeles has hit a three-month record, handling over 2.9 million TEUs from June to August. Despite supply chain…
Shipping Nations Warn Global Trade is Fracturing
The Consultative Shipping Group, comprising 18 major shipping nations, has issued a warning that global trade is fracturing due to conflicts, trade…
Surging Tanker Rates Signal a Deepening Global Energy Crisis
Global tanker freight rates have reached record levels, with daily earnings for Very Large Crude Carriers (VLCCs) nearing $800,000, as conflicts in…
Mexican Class 8 Truck Production Accelerates Further
Mexican commercial vehicle production doubled year over year in August to 16,389 trucks and buses, driven by increased U.S. freight demand. Year-to-date…
Wholesale prices spike in latest sign of stubborn inflation
The Labor Department reported that US wholesale inflation rose 5.4% in August from a year ago, up from 4.7% in July, as…