Truck News

PlusAI plans to merge with Texas Ventures Acquisition III, which has backing from funds managed by hedge fund and asset manager Yorkville Advisors Global.

The renewed fighting has sent U.S. crude prices sharply higher this week, up 11%. Brent crude, the international standard, rose 1.1% to $96.72 per barrel.

New orders growth accelerated to the fastest pace since early 2023 while a measure of business activity was the strongest since 2022.

Tyson now sees annual adjusted operating income of $1.85 billion to $2.05 billion. That comes just one month after the company cut its outlook for the fiscal year.

The hostilities have underscored Iran’s continued ability to choke a crucial maritime artery. The Hormuz strait handled a fifth of oil and LNG flows before the war.

The gap in goods and services trade grew 24.4% from the prior month to $88.6 billion. The value of imports increased 2.8% and exports fell 2.1%.

The Baltic Dry Index rose 5.5% to 3,331 points, touching the highest since December 2023, driven by a rise in the constituent Capesize rate that surged over 8%. 

The House passed a short-term measure Sept. 1 that funds the federal government into early December and extends expiring federal surface transportation programs.

Canadian Prime Minister Mark Carney’s government will extend the suspension of a fuel excise tax to Jan. 31, 2027.

The ruling left open the question of how to apply a so-called reasonable care standard that requires brokers to vet carriers they hire to haul freight.