Transport Topics

• Trucking companies and industry groups gear up for NTDAW

  The trucking industry is rolling out giveaways, discounts and recognition events for professional drivers during National Truck Driver Appreciation Week, which runs Sept. 13-19.

• Trump’s Venezuela oil venture eyes 150% output hike by 2028

  North American Blue Energy Partners is aiming to increase production to 500,000 barrels a day by the end of 2028 from about 200,000 currently. 

• Diesel futures top $5 a gallon for first time since 2022

  Higher futures prices for diesel, seen as the workhorse of the global economy, typically ripple through to the pump and stoke inflation.

• Port of L.A. hits 3-month record as cargo peak stretches on

  Dockworkers at the busiest U.S. container gateway moved more than 2.9 million container units in June, July and August combined, marking the busiest three-month period in the port’s history.

• DHS launches 24/7 CDL fraud tip line

  DHS launched a 24-hour tip line to report suspected commercial driver license fraud, the latest step in a federal crackdown on illicit activity in trucking.

• Shipping nations warn global trade is fracturing

  The armed conflicts, trade wars and extreme weather events hammering maritime supply chains are signs of a “structural shift” for global trade.

• Oil prices hit $105 after rising 4.3% the day before

  The price of Brent crude, the international standard, jumped 4% to $105.26 a barrel, after rising 4.3% on Sept. 9.

• Surging tanker rates signal a deepening global energy crisis

  Freight analysis from data intelligence firm Kpler suggests daily earnings for VLCCs will stay above $100,000 a day into next year, more than double historical levels.

• Mexican Class 8 truck production accelerates further

  Overall, Mexican commercial vehicle production in August totaled 16,389 trucks and buses, up 100.2% year on year. Production also jumped 24.9% month on month.

• Wholesale prices spike in latest sign of stubborn inflation

  The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 5.4% in August from a year ago, up from 4.7% in July.