Strategic Petroleum Reserve Storage at the Bryan Mound Site in Freeport, Texas. (Brandon Bell/Getty Images via Bloomberg News) June 15, 2026 1:26 pm, EDT key takeaways: The Trump administration is set to release 172 million barrels from the Strategic Petroleum Reserve, cutting holdings by about 340 million barrels, which is near the lowest level since
The American flag flies next to a One9 Fuel stop sign displaying diesel and unleaded gas prices in Wilmington, Ohio, on June 10. (Caroline Caster/AP) June 15, 2026 8:13 am, EDT | Update: June 15, 2026 11:40 am, EDT key takeaways: Oil prices fell after Iran announced a temporary deal to end the war and
Yeoman Bridge, a self-discharging bulk carrier, loads cargo at a potash berth in Teesside, UK (Ian Forsyth/Bloomberg) June 15, 2026 9:07 am, EDT key takeaways: An interim US-Iran agreement to reopen the Strait of Hormuz is unlikely to immediately restore fertilizer shipments as shipowners assess security conditions after months of conflict. Data shows that more
Blades for wind turbines stored at a logistics depot in Tianjin, China. (Qilai Shen/Bloomberg) June 12, 2026 8:36 am, EDT key takeaways: DHL said growing amounts of clean energy equipment, including giant wind turbines and lithium-ion batteries, are becoming increasingly difficult to transport due to their size, complexity and safety risks. The challenge matters because
Carney and Trump met last year. (Chip Somodevilla/Getty Images) June 12, 2026 10:59 am, EDT key takeaways: Canadian Prime Minister Mark Carney is expected to take issue with criticism of US President Donald Trump at the upcoming G7 summit in France amid trade tensions. The stakes are high as the USMCA review approaches on July
Ryder’s used vehicle sales in Q1 fell 10% year over year to 5,100 to 4,600, but climbed 27.8% or 1,000 vehicles compared to Q4 2025. (Coopersburg and Liberty Kenworth) June 12, 2026 12:50 PM, EDT key takeaways: Used truck market conditions improved in the second quarter and are expected to strengthen further in the second
President Donald Trump, shown on June 11, indicated that Vice President J.D. Vance and Steve Witkoff, a special envoy, would represent him at any signing. (Jacqueline Martin/AP) June 12, 2026 9:04 am, EDT | Update: June 12, 2026 2:11 pm, EDT key takeaways: The United States and Iran moved closer to an interim peace deal
A small motorboat passes ships anchored in the Strait of Hormuz near Bandar Abbas, Iran, on June 11. (Amirhossein Khorgui/ISNA via AP) June 12, 2026 8:15 am, EDT | Update: June 12, 2026 2:59 pm, EDT key takeaways: Oil prices fell after President Donald Trump claimed success in talks to end the Iran war. SpaceX
ArcBest said on June 8 that the impact on specific lanes and shipments may be different than the average increase. (Arcbest Corp) June 12, 2026 3:46 pm, EDT key takeaways: ArcBest and ABF Freight will increase LTL customer rates by an average of 5.9% starting June 22. The increase was driven by rising costs, strengthening
(Michael Ciaglo/Bloomberg) June 12, 2026 12:29 pm, EDT | Update: June 12, 2026 3:51 pm, EDT key takeaways: JBS is closing a beef plant in Souderton, PA, and a value-added facility in Memphis amid pressure on its U.S. beef business. The company said the closure reflects a 75-year decline in the U.S. cattle herd due