Global oil prices edged higher on Aug. 18, 2026, following a 2.7% surge the day before, as geopolitical tensions in the Middle East kept energy markets on edge. Brent crude, the international benchmark, climbed 0.1% to $90.94 per barrel in…
President Donald Trump has escalated threats against Oman, warning that the U.S. could bomb the Gulf nation if it obstructs a proposed Strait of Hormuz shipping arrangement with Iran. The warning comes as Iran and Oman finalize details of a…
Cargo theft incidents in the U.S. and Canada fell 26% year-over-year in Q2 2026 to 677 reported cases, according to Verisk CargoNet’s latest report. While the number of thefts declined, estimated losses surged 125% to $304.6 million, driven by multimillion-dollar…
The 60-day deadline set by the U.S.-Iran memorandum to end the war and finalize a nuclear accord expired on August 17, 2026, with both sides dug in and no compromise in sight. The interim deal, signed by U.S. President Donald…
The trucking industry is facing increased pressure to reassess driver compensation due to a decline in capacity and an improvement in freight demand. According to the Q2 2026 Driver Recruiting & Retention Data Download Report, 26% of carriers have increased…
Less-than-truckload (LTL) carriers are calling for increased shipper education after a year of density-based National Motor Freight Classification (NMFC) updates, which replaced the previous commodity-based system on July 19, 2025. The shift introduced a 13-tier density scale, reclassifying over 2,000…
Supertankers are increasingly switching off their transponders for days or weeks while crossing the Strait of Hormuz and Bab el-Mandeb, making cargo movements difficult to track. This practice has expanded as Iran-related security risks persist and Houthi threats grow. According…
U.S. retail sales unexpectedly fell 0.6% in July, marking the largest monthly decline since May 2025, as the temporary boost from tax refunds faded. The drop was led by a 1.8% decline in vehicle sales and a 2.2% fall in…
The National Truck Driving and Step Van Driving Championships (NTDC) has announced 45 finalists who will compete for the Bendix Grand Championship in Pittsburgh on August 14, 2026. The finalists emerged from an initial field of 429 competitors representing 49…
Global oil prices surged on August 14, 2026, after two United Arab Emirates tankers were attacked while transiting the Strait of Hormuz, a critical chokepoint for roughly one-fifth of the world’s daily oil supply. Brent crude, the international benchmark, rose…