The White House has launched a multiagency campaign to combat trucking industry fraud, which it says threatens public safety and commerce. Transportation Secretary Sean Duffy announced the initiative, which brings together the FBI, Department of Justice, and other federal agencies…
British authorities are on the hunt for two trailer loads of stolen Guinness beer, valued at $155,000, and the trailers themselves, worth an estimated $67,000. The theft occurred on August 31 from an industrial park near Liverpool, with the beer…
Volkswagen’s supervisory board has approved a comprehensive restructuring plan, known as the Future Plan, which includes cutting 50,000 jobs, reducing the number of models, and shrinking the company’s industrial footprint. The plan, which was approved on September 3, aims to…
US diesel prices have reached a record high of $5.85 a gallon due to global supply chain disruptions caused by the six-month war between the US and Iran. This has led to increased transportation costs for businesses, which may result…
The U.S. job market rebounded in August, with employers adding a surprising 162,000 jobs and the unemployment rate staying at a low 4.1%. This exceeded economists’ expectations and reversed weaker July estimates, suggesting labor market resilience. However, wage growth slowed…
Oil prices have surged this week, with U.S. crude and Brent crude up 8-9%. The six-month war with Iran has disrupted the world’s fuel flow, causing U.S. gasoline prices to be higher this Labor Day weekend than ever before. Diesel…
A Texas law proposal aims to bar Mexican and Canadian commercial driver licenses from intrastate freight transportation, citing concerns over fraudulently obtained digital Mexican credentials. According to the Texas Department of Public Safety, these licenses allow unqualified drivers to gain…
US gas prices have reached a record high for September, with gasoline averaging $4.15 per gallon and diesel at $5.85, due to supply chain disruptions caused by the conflict in the Strait of Hormuz, Ukrainian strikes on Russian refineries, and…
According to data from the Bureau of Labor Statistics, US goods-producer payrolls rose 0.6% in the six months through August, outpacing the 0.4% growth in services. This is largely due to the recent investment in data centers and equipment, as…
President Donald Trump announced plans to create a program allowing ranchers to sell their products directly to consumers, bypassing major processors and middlemen. The initiative aims to lower beef prices and address the high cost of beef. Trump said he…