Brent Crude Down 2.8% to $78.34 as Iran Talks Continue
Oil fell Monday on diplomatic progress, but Brent still trades $8 above pre-war levels. What the retreat means for diesel and settlement statements.
Tess Crawford
Markets, Rates, Fuel & Carrier Business
Tess Crawford tracks the money flowing through trucking, spot and contract rates, diesel and crude markets, fuel surcharges, lane capacity, freight demand, LTL tonnage and yield, plus the carrier-business side: bankruptcies, M&A, layoffs, and insurance pricing. She writes for the dispatcher checking the load board between calls and the small-fleet owner reading the P&L over coffee.
Echo Adds Intra-Mexico Trucking to Cross-Border Portfolio
Chicago 3PL now offers city-to-city freight, port drayage, and managed transport across Mexico, betting on nearshoring demand.
Tender Rejections Hit 16.5%, Market Won't Balance Until Late 2027
Carriers are rejecting 16.5% of loads, up from 4% in June 2023. Slow capacity growth and negative authority filings mean the tight cycle will outlast past…
Iran Reopens Hormuz, Oil Flows Again Under U.S. Deal
Agreement lets Iran sell crude freely, reversing sanctions that spiked diesel 50% since war started. What the fuel-price drop means for small fleets.
Werner Dedicated Contract Rates Climb After Early-2026 Acquisition
Omaha carrier reports rate gains in dedicated truckload segment following acquisition that closed in first quarter.
Cushing Oil Tanks Drain Near Empty as Diesel Feedstock Tightens
Storage tanks in Oklahoma are being drawn down so fast that producers can't refill them, signaling tight crude supply that could push diesel prices higher.
M&A Multiples Jump 321% as Buyers Chase Tech, Not Truckload Scale
Average transportation deal size has more than tripled since 2023. Buyers are paying premiums for AI automation and scarce border infrastructure, not…
Intermodal Volume Up 10.9% as Truckload Rates Push Freight to Rail
Domestic intermodal jumped 10.9% in the week ending June 13 as rising truckload rates and trans-Pacific frontloading drive the biggest rail-truck modal shift…
Brent Crude Falls to $78.36: Down $1.19 as Iran War Premium Fades
Oil dropped another $1.19 per barrel June 18, now just $8 above pre-war levels. Diesel relief continues for fleets that saw fuel spike $2/gallon in March.
Teamsters Vote to Challenge UPS Over Roadie Gig-Driver Use
Union claims UPS subsidiary violates 2023 contract by routing deliveries to nonunion gig workers, while UPS says Roadie handles same-day orders outside the…
Oil Falls Back to $80: Brent Down 3.2%, U.S. Crude at $78.72
Brent crude dropped 3.2% to $80.50 per barrel June 16, while U.S. benchmark crude fell $2.03 to $78.72. The slide continues a two-week retreat from the $98…
177-Truck Border Carrier Liquidates as Freight Bankruptcies Spread
Triple RRR Carriers, GLS Materials, and four other trucking companies filed Chapter 7 or 11 in the past 10 days. Logistics firms cut 548 jobs.