Oil prices have eased, taking some pressure off inflation, after jumping earlier in the week to their highest levels since May due to the ongoing war with Iran. Brent crude fell 3% to $104.44 a barrel, helping to take some…
The US inflation rate accelerated in August, driven by a spike in gas prices following renewed fighting in the Middle East. According to the Labor Department, the consumer price index (CPI) rose 3.4% last month compared to the same period…
The national average diesel price in the US has reached a record $6.05 per gallon, up from $3.70 last year, due to the US-Iran war disrupting fuel flows and pushing crude oil above $100 a barrel. This increase is expected…
Freudenberg Sealing Technologies (FST) has released a white paper that explores the key requirements for seals and damping elements in robotics applications. The study focuses on the performance needs of industrial robots, collaborative robots (cobots), and emerging humanoid robots, and…
Chinese machinery maker Himile Mechanical Science & Technology has reported strong growth in its tire mould business, driven by the accelerating capacity expansion of Chinese tire makers, particularly their recent wave of overseas plant investments. In a recent investors update,…
The rubber and tire industry has seen a recent surge in natural rubber prices, which has left them ‘technically overbought.’ However, the El Nino weather pattern has continued to support prices, particularly for agricultural commodities such as rubber and palm…
Trucking companies, travel centers, and industry groups are preparing to show their appreciation for professional drivers during National Truck Driver Appreciation Week (NTDAW), which runs from September 13-19. Werner Enterprises, Pilot Co., Love’s Travel Stops & Country Stores, and Sheetz…
North American Blue Energy Partners (NABEP), a company backed by the Trump administration, plans to increase Venezuelan crude oil output to 500,000 barrels per day by the end of 2028, a 150% hike from the current 200,000 barrels per day.…
US diesel futures have surged above $5 a gallon for the first time since April 2022, amid global supply disruptions and escalating Middle East tensions. The price hike has raised concerns about inflation, as diesel is the fuel that powers…
The Department of Homeland Security (DHS) has launched a 24-hour tip line to report suspected commercial driver license (CDL) fraud, as part of a broader federal crackdown on illicit activity in the trucking industry. The tip line, which operates 24/7,…