Logistics News

Narrowing the Jones Act has curbed a roaring trade that was supplying East and West coast ports with fuel produced on the Gulf Coast, as well as crude oil and products used in refining.

It now costs $77 million to hire a very large crude carrier to move U.S. oil to Asia. The average in 2025 was $9.2 million.

The ATA study drew on data from more than 130 fleets representing more than 140,000 employee drivers and 9,000 independent contractors.

Analysts generally view the transaction as strategically sound because it would expand C.H. Robinson’s brokerage scale while adding complementary services.

President Donald Trump signed an executive order Oct. 5 aimed at lowering diesel costs as high fuel prices continue to pressure trucking fleets. 

The storm arrives at a precarious time for oil markets. A shift westward could bring more offshore production and Gulf Coast energy infrastructure into the storm’s path.

The price for a barrel of Brent crude oil, the international standard, rose 1.5% to $102.10. That’s about $55 more than a barrel cost at this time last year.

Most truck stops don't stock red diesel, and  it's uncertain whether federal tax obligations will be waived or merely postponed. 

“It’s killing the whole nation,” said Missouri farmer Marty Richardson, who is reluctant to harvest his rain-drenched corn fields as his machines will chew up more diesel in the mud and he can’t afford to waste a drop.

CEO David Yeager is reshaping Hub Group’s management and oversight framework following the discovery of accounting errors at the carrier founded by his father.