Truck News
U.S.-Asia crude shipments face freight shock
U.S. crude oil exports to Asia are set to hit multiyear lows after the Iran war pushed the cost to lease a tanker for the journey to a record of almost $80 million.
October 22, 2026Mullen Group holds capital for Canadian project boom
The Okotoks, Alberta-based company has positioned its specialized transport networks for incoming energy, infrastructure and industrial developments.
October 22, 2026Oil prices increase as 7 tankers reported damaged in Hormuz
Brent crude gained 2.2% to $111.19 per barrel. It has been bouncing between $97 and $112 in recent days on uncertainty about when the war with Iran will allow the global energy industry to return to normal.
October 22, 2026Qatar agrees to buy U.S. LNG to 2054 as war disrupts supply
QatarEnergy signed a deal with Cheniere Energy to buy 4 million tons a year, the Middle East nation’s first such U.S. offtake deal as its own production has been throttled by the Iran war.
October 22, 2026Knight-Swift CEO sees opportunities post-Montgomery
Knight-Swift CEO Adam Miller expressed optimism Oct. 21 that the market is shifting to better favor safe carriers after Montgomery v. Caribe Transport II.
October 22, 2026Saudi Arabia seeks access to overseas oil storage for Aramco
The move follows a flurry of attacks by Yemen’s Houthis on key Saudi infrastructure, including drone strikes that shut down its most important pipeline for several days in September.
October 22, 2026Hyundai Translead adds 1,250 more jobs to Illinois expansion
The Oct. 22 announcement bumps the total to 3,750 jobs and a $600 million investment in new manufacturing operations in Will County.
October 22, 2026Bosch to separate auto parts unit to cut costs
Bosch Mobility will be transferred out of the German parent company into a separate limited-liability company while remaining wholly owned by the Bosch group.
October 22, 2026Tesla profit tops estimates as cash flow stays positive
Tesla's third-quarter profit beat estimates, potentially assuaging concerns about the EV maker’s increased investment into new areas such as robots and AI.
October 21, 2026U.S.-Mexico trade talks cool over metals
U.S. and Mexican trade negotiators have hit an impasse over tariffs on steel and aluminum, dashing earlier optimism for an imminent deal.
October 21, 2026