Truck News

An Eastern European gang faces federal charges in New York for alleged cargo theft involving a foreign dispatcher guiding $10 million in stolen goods.

Oil traders are concerned that the higher costs make it unprofitable for some refiners to turn crude into fuels, deterring them from buying cargoes that have to sail over long distances.

The agreements add to Halliburton’s presence in Venezuela as U.S. companies seek to secure new oil deals in the country.

Brent crude, the international standard, fell 3.1% to $100.62 per barrel. Oil supply concerns remain elevated.

Volvo Car on Sept. 17 unveiled a broad revamp that includes reshaping its manufacturing network around five plants dedicated to its namesake brand and two shared with partners. 

Kuehne+Nagel said the collaboration is designed to strengthen customer services for Amazon and includes Amazon Web Services.

The pace of increases has accelerated in September — gaining more than 87 cents so far this month — with prices rising almost every day and surging beyond the peak set in 2022.

The transaction gives FedEx a significant foothold in Europe’s rapidly expanding out-of-home delivery market.

According to estimates compiled by Bloomberg and double-checked with diesel traders, the Iran war has removed more diesel supply from the market than the Russia-Ukraine conflict.

Federal cabotage enforcement became more visible this year after DOT shared three years’ worth of cabotage violation data with border authorities.