Brent Crude Jumps 3.3% to $94.16 on U.S.-Iran Tensions
International oil benchmark climbs early June 1 as Middle East conflict escalates, adding pressure to diesel and fuel costs.
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.
C.H. Robinson Cuts Carriers Over Safety Scores After Supreme Court Ruling
The broker is pulling load access from carriers above FMCSA intervention thresholds. The timing lines up with a May Supreme Court decision that may have…
Brent Crude Falls 2.1% on Ceasefire Talk, Diesel Relief Weeks Out
International oil benchmark dropped to $90.78/barrel May 29 as Iran war de-escalation hopes build, but pump prices lag crude moves by 10 to 14 days.
U.S. Exports Jump 4% in April, Shrinking Trade Deficit to $82.4B
Record crude and fuel shipments drove the export surge. Imports rose modestly as firms stockpile inventory against tariff and geopolitical risk.
Yellow Corp. Workers May Get Paid by July After 3-Year Wait
Bankruptcy court approved liquidation plan in November. Employee claims classified as priority. Transition to liquidating trust expected June or July, but…
Averitt, Port Operators Bet on Long-Term Freight Growth with Terminal Expansions
Cookeville carrier building 50,000-square-foot Louisville campus, Charlotte facility near airport. Warehousing and port projects follow as carriers position…
PCE Inflation Jumps to 3.8% in April, Highest Since May 2023
The Fed's preferred inflation gauge rose three-tenths of a point in a month as fuel prices continued to climb.
Brent Crude Jumps 3.8% to $99.80 After U.S. Strikes Iran
International oil benchmark rebounds nearly $4 a barrel in one session following military action. Diesel and fuel surcharges likely to follow.
Oil Swings as Iran Deal Reports Surface, Fuel Pressure Mounts
Crude prices gave back gains May 28 after reports of a potential Iran agreement. Economic data shows the war's toll on freight costs continues.
20+ Trucking Firms Filed Bankruptcy in May as Soft Rates Persist
Chapter 7 liquidations outnumber restructurings. A 92-year-old Georgia carrier with 302 trucks shut down. Oklahoma oilfield hauler lists $10M to $50M in…
Brent Crude Falls 4.1% to $95.48, First Big Drop Since April
International oil benchmark shed $4.08 per barrel May 27 as financial markets rallied. Diesel and fuel surcharge relief may follow if the slide holds.
RNG Fuel Cost Locks Below Diesel, Clean Energy Says Engine Gap Closed
Chad Lindholm says renewable natural gas now delivers stable per-mile cost and long-haul power after decades on the sidelines.