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Global supply strains that started to ease in early 2022 are worsening again as headwinds strengthen from the war in Ukraine and China’s COVID lockdowns, threatening slower growth and faster inflation across the global economy.

The Federal Motor Carrier Safety Administration has amended its regulations to eliminate a requirement that interstate commercial motor vehicle drivers annually prepare and submit to their employers a list of their convictions for traffic violations and ordinances.

The national average price for diesel resumed its upward trajectory after a one-week respite, gaining 5.1 cents to settle at $5.185 a gallon, according to Energy Information Administration data released March 28.

The White House’s $5.8 trillion fiscal 2023 budget proposal aims to increase funding for federal trucking regulators.

Reflecting on the passage of the infrastructure bill, which projects will offer the most benefit to the trucking industry and what were some of the missed opportunities? As House Transportation and Infrastructure Committee Chairman, Rep. Peter DeFazio recognizes the value in investing in commercial transportation improvement projects like port modernization and workforce development. In this special edition of Newsmakers, Rep. Peter DeFazio joins TT's Eugene Mulero and Dan Ronan to discuss how Congress might respond to rising fuel costs, the problem with truck parking, and his decision to retire at the end of this term.

Federal trucking regulators have withdrawn two proposals intended to streamline credentialing and testing processes for aspiring truck drivers to obtain their commercial driver licenses.

Prices for some of the world’s most pivotal products — foods, fuels, plastics, metals — are spiking beyond what many buyers can afford. That’s forcing consumers to cut back and, if the trend grows, may tip economies already buffeted by pandemic and war back into recession.

President Joe Biden’s budget release on March 28 is shaping up as a direct appeal to moderate Democrats, emphasizing deficit reduction and flexibility on social spending as the White House hopes to win support for new legislation before November’s midterm elections.

The U.S. is considering another release of oil from its emergency reserves as prices continue to surge after Russia’s invasion of Ukraine, people familiar with the matter said March 25.

Sen. Elizabeth Warren (D-Mass.) blamed rising U.S. inflation in part on the largest ocean shipping companies, calling “the anti-competitive nature” of the industry the root cause of soaring prices to transport goods around the global economy.