The U.S. trade deficit narrowed by 5.6% to $73.3 billion in June, driven by a 1.8% drop in imports and a 0.9% decline in exports, according to Commerce Department data released on August 4, 2026. The gap in goods and…
Oil prices have rebounded, with Brent crude rising 98 cents to $84.75 a barrel and US crude gaining 15 cents to $80.49 a barrel. This reversal comes after oil prices dropped more than 5% a day earlier, following US President…
The Truck Parking Club, a digital marketplace connecting truck drivers with commercial property owners, has grown to over 6,000 locations across 49 states. Fleet managers, dispatchers, or drivers can reserve spots for hourly to monthly durations via the platform. The…
The trucking industry’s chronic parking shortage is driving drivers to waste an average of 56 minutes daily hunting for a spot, according to the American Transportation Research Institute’s 2025 report. ATRI ranked truck parking as drivers’ second-biggest concern last year,…
Wisconsin-based truckload giant Schneider reported a 10% revenue jump to $1.57 billion in Q2 2026, with net income rising to $49.7 million from $36 million a year earlier. The company’s executives attribute the improved freight-market conditions to accelerated driver-capacity reductions,…
The U.S. trucking industry is battling a chronic parking shortage that’s costing drivers time, money, and safety. In 2025, the American Transportation Research Institute ranked truck parking as the No. 2 concern among professional truck drivers, with drivers losing an…
A coalition of US states has filed a lawsuit challenging the Trump administration’s new global tariffs, which impose 10% to 12.5% duties on imports from most major trade partners. The lawsuit, filed in the US Court of International Trade in…
Less-than-truckload (LTL) giant Saia has set its sights on an operating ratio below 80, executives confirmed during its Q2 2026 earnings call on July 30. The Atlanta-based carrier reported a second-quarter operating ratio of 86.9, down from 87.8 in the…
Tractor giant CNH Industrial NV has signaled a potential recovery for the farm machinery sector in 2027, driven by aging fleets and shrinking used-equipment inventories. Speaking on an August 3 earnings call, CEO Gerrit Marx emphasized that replacement demand—rather than…
Iran’s Foreign Minister Abbas Araghchi announced that talks with Oman about a temporary shipping route through the Strait of Hormuz are nearing completion. The discussions are focused on a ‘temporary’ route to ensure the safety of ships, according to Esmail…