The benchmark price used for most diesel surcharges crashed down through the symbolic $4-per-gallon mark for the first time since February 2022, even as the broader futures market suddenly has posted significant gains after recent declines. In coming in at $3.922 a gallon, the Department of Energy/Energy Information Administration posted the biggest one-week decline since…
The air cargo division of Emirates has temporarily augmented its fleet with two older Boeing 747 jumbo jet freighters to meet expected demand while it waits for manufacturers to fill orders for new aircraft, the Dubai-based airline said Monday. The 747-400s are being wet leased — a rental bundled with crews that fly the aircraft…
After causing long wait times for thousands of trucks, Texas officials have reduced the number of inspections for tractor-trailers arriving from Mexico at two border crossings, according to a U.S. Customs and Border Protection (CBP) official. Gov. Greg Abbott’s increased inspections of trucks, which began last Tuesday, created wait times of up to 26 hours…
The handful of orange trucks parked outside Velocity Truck Center are merely a sign of bigger things to come. Schneider has ordered 92 of these Freightliner eCascadias as it prepares […]
Amid all the doom and gloom on container shipping and the talk of an impending recession, U.S. imports are rising off their lows. Inventory-to-sales ratios are still much higher than pre-COVID, yet monthly imports are now either at or above 2019 levels, depending on which data source you use. U.S. ports imported 2,020,197 twenty-foot equivalent…