The Department of Transportation announced Oct. 14 that $200 million will be invested in truck parking in 12 states, including Iowa, Wisconsin and Georgia.

ATA announced Colson’s appointment on Oct. 15, just days before the trade group will convene its 2026 Management Conference & Exhibition in Charlotte, N.C.

The IEA said that members agreed to complete the release of 100 million barrels of oil that are still outstanding from an intervention in March aimed at calming global markets.

Brent crude declined 1.2% to $104.78 per barrel. Tensions and uncertainties surrounding global oil supply and the situation in the Middle East dragged on. 

The Labor Department’s producer price index — which captures inflation before it reaches consumers — soared 6.3% in September from a year ago, the biggest increase since December 2022.

The issue drew renewed attention in September when Congress released a report that examined ways to reduce excessive truck detention times.

A cargo ship sank in the Strait of Hormuz after a strike that sparked a fire and the evacuation of crew members, the Maritime and Port Authority of Singapore said.

The Green Chile pipeline, which will transport about 400 million cubic feet per day of natural gas, has already been delayed to February 2027.

Brent crude gained 0.1% to $105.77 a barrel. Gas prices averaged $4.33 per gallon on Oct. 14, according to AAA, up slightly from a month ago.

The agency's report on Oct. 14 said that global oil demand is predicted to drop 2.5 million barrels a day year-over-year in the fourth quarter and fall 2.6 million barrels a day on average this year.