Truck News

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.

The public inquiry seeks to address complaints from farmers that they “face other barriers to acquiring agricultural equipment and the services required to keep equipment operating.”

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.

The energy giant flagged a $42-a-barrel refining margin for the third quarter, up from $24 in the second quarter and far exceeding the previous high in 2022.

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.