Brent Crude Drops 3.3% to $91 After Iran War Spike
Oil fell back to $91.14 a barrel June 9 after briefly topping $98 the day before. Strait of Hormuz deal hopes ease fuel costs for fleets.
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.
Natural Gas Drillers Shut Wells as Prices Tank Below Breakeven
Elevation Resources CEO says gas losses are eating half the company's revenue. What falling wellhead prices mean for fleets running CNG.
OPEC+ Quota Hike Means Nothing While Hormuz Stays Shut
Cartel agrees to symbolic production increase for July, but Iran war keeps Middle East barrels landlocked and diesel climbing.
Diesel Prices May Stay High for Months as Hormuz Disruption Drags
If the Strait of Hormuz stays closed, elevated fuel costs could persist for months or years, not weeks.
ArcBest Pulls GRI Six Weeks Early as LTL Pricing Cycle Speeds Up
ABF Freight's 5.9% rate hike lands June 22, the fourth straight year the carrier has moved its annual increase forward on the calendar.
Hub Group CFO and COO Exit Ahead of September Earnings Refilings
Two longtime executives left leadership roles as the intermodal carrier works to correct accounting errors that will force it to refile multiple earnings…
Kevin Knight Steps Down as Knight-Swift Executive Chairman
The co-founder who built Knight Transportation from startup to mega-carrier exits the executive suite after 36 years.
California Heavy-Haul Carrier Magna Transportation Heads to Auction
A secured creditor is selling 37.5% of MagnaTrans LLC on June 30 under UCC foreclosure. What the auction means for the heavy-haul market.
Brent Crude Jumps to $94.25 as Iran Conflict Escalates
International benchmark rose 1.2% Monday after a $4.60 overnight spike. Diesel and fuel surcharges will follow.
Cross-Border Spot Rates Up 30% in Two Months as Produce, Fuel Squeeze
Uber Freight says some Mexico-U.S. corridors jumped 30% since February. Diesel hit $5.64/gallon in May. Reefer capacity is already tight.
Average Load Length Drops 21% Since 2024 as Intermodal Takes Long Haul
Outbound haul length fell from 607 miles to just above 500 miles in two years. Rail intermodal is winning transcontinental freight while short regional moves…
Brent Crude Down to $94.23, Still 35% Above Pre-War Level
International oil benchmark slipped 0.8% Friday but remains $24 per barrel higher than late February, keeping diesel and fuel surcharges elevated for small…