Logistics News

Oil prices have been swinging wildly in recent months amid uncertainty about when the war with Iran will allow the flow of crude to be fully restored. Brent crude rose 1.9% to $99.88 a barrel.

Europe has moved more slowly than the U.S. to draw down emergency oil reserves in response to war-driven turmoil in global markets, leaving the region with significant supplies still available. 

The high gas prices took center stage in Ohio on Sept. 30, as lawmakers passed a 90-day state gas tax holiday with broad bipartisan support.

The Trump administration faced skeptical questions from a U.S. trade court about the legal foundation underpinning President Trump’s latest round of global tariffs.

Absent congressional action, several transportation programs funded through advance appropriations under the 2021 infrastructure law will lose funding authority beginning Oct. 1. 

In a series of anonymous comments from a report released by the Federal Reserve Bank of Dallas, energy executives called out the wide swings in oil prices as the main source of their unease. 

The Federal Motor Carrier Safety Administration has waived hours-of-service requirements for interstate gasoline and diesel haulers through Dec. 16.

Harbinger plans to deliver the vehicles by the end of 2027. FedEx will deploy the trucks across its pickup and delivery operations in the U.S. and Canada. 

Oil prices are now hovering between $90 and $100 per barrel as the U.S. war with Iran drags on, contributing to stubborn inflation. Brent crude rose 2.7% to $98.72  a barrel.

The electrification of road freight is emerging as a structural force that could undermine long-term oil demand across the world.