China Panics, Urges Ceasefire To Reopen Strait Of Hormuz As Beijing Is Addicted To Cheap Iranian Crude

Trucking Group Asks Federal Court To Strip New York, California Of CDL Authority Authored by Noi Mahoney via FreightWaves, The Small Business in Transportation Coalition (SBTC) has filed a court petition seeking to force federal regulators to decertify the commercial driver’s license programs of New York and California. The Small Business in Transportation Coalition said the U.S. Department of Transportation has failed to enforce federal law after finding states out of compliance. (Photo: Jim Alen/Freightwaves) The petition, filed June 10, asks the court to review actions by the Federal Motor Carrier Safety...

$5 Diesel Means A 35% Jump In Prices For US Consumers While US gasoline prices have risen substantially since the start of the Iran war (although RBOB futures suggest there is much more upside should oil prices remain around $100), the average price of diesel has already soared above $5 per gallon in the US, the highest since 2022, and pushing up supply chain costs and setting the stage for broader inflation for consumers. The price spike is increasing costs for farmers, truckers and construction firms. With diesel at $5 per gallon,...