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The freight market outlook is underwhelming, with marginal rate increases unlikely to cover the ongoing rise in carriers’ costs, according to FTR Transportation Intelligence analysts.

Martin De Luca, a partner in the law firm of Boies Schiller Flexner, has been asked by the U.S. Trustee to put together a report on the allegations of mismanagement and fraud aimed at First Brands.

The Supreme Court held an opinion day Jan. 9, but no decision came on the legality of the president’s sweeping levies imposed under the International Emergency Economic Powers Act. 

The latest enforcement action from Transportation Secretary Sean Duffy against a state over issuance of non-domiciled CDLs included a familiar list of alleged offenses.

Employers added just 50,000 jobs last month, nearly unchanged from a downwardly revised figure of 56,000 in November, the Labor Department said Jan. 9. The unemployment rate slipped to 4.4%.

Among the companies attending are Chevron, which still operates in Venezuela, and Exxon Mobil and ConocoPhillips, which both had oil projects in the country that were lost in 2007.

North Carolina is the ninth state to be targeted since Transportation Secretary Sean Duffy launched the review last year to make sure only qualified drivers hold licenses to drive trucks.

The Federal Reserve is expected to cut short-term rates in 2026, with its key interest rate settling at 3.4% toward the end of President Donald Trump's term in office in 2028, according to the CBO.

“We are marching forward as though this emissions regulation lands at the beginning of 2027,” said Dan Kayser, executive vice president of commercial operations at International.

Chevron, the sole Western supermajor permitted to pump Venezuelan oil, is loading tankers at the fastest pace in seven months as the U.S. government moves to control the nation’s crude riches.