Ships are facing 3½-day delays to enter the Panama Canal as the Iran war sparks a traffic surge, prompting a vessel to pay an extra $4 million to jump the line.
April 16, 2026Search
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DAT Reports Truckload Spot Rates Hit 2-Year Highs
The DAT report found spot van rates increased 11 cents sequentially to $2.52 per mile, while reefer rose 9 cents to $2.97 per mile.
April 16, 2026Fuel Prices, Iran Conflict Top Agenda as Congress Returns
Gasoline prices have climbed during the Iran conflict, drawing political scrutiny in a midterm election year and intensifying calls for clarity on policy.
April 16, 2026Trump Administration Orders Restart of Santa Ynez Pipeline
Transportation Secretary Sean Duffy revealed April 13 that officials from PHMSA visited the pipeline site to oversee safety operations.
April 16, 2026SpaceX Buying Spree Inflates Tesla Cybertruck Sales
Elon Musk's SpaceX accounted for 1,279 — or more than 18% — of the 7,071 Cybertrucks registered in the U.S. during the fourth quarter.
April 16, 2026Oil Prices Climb on Ceasefire Extension Caution
Oil prices climbed, showing that caution still remains in financial markets. The price for a barrel of Brent crude oil rose 5.1% to $99.74.
April 16, 2026Europe Has 'Maybe 6 Weeks of Jet Fuel Left,' IEA Chief Says
Fatih Birol warns of possible flight cancellations soon if oil supplies remain blocked by the Iran war.
April 16, 2026Ford EV Chief Doug Field to Leave Company in Reorganization
Ford's top EV executive is leaving the company as part of a sweeping reorganization to merge its EV and manufacturing operations.
April 15, 2026US and Iran Eye Ceasefire Extension Amid Hormuz Standoff
The U.S. and Iran are considering a two-week ceasefire extension to allow more time to negotiate a peace deal, according to a person familiar with the matter.
April 15, 2026Bessent Optimistic Gas Prices Fall Back to $3 This Summer
Treasury Secretary Scott Bessent said he was “optimistic” that the price of gasoline will abate over the summer driving season, retreating back to $3 a gallon.
April 15, 2026