US Diesel Prices Spike Amid Geopolitical Tensions Supply Woes

US Diesel Prices Spike Amid Geopolitical Tensions Supply Woes

US diesel prices have surged recently, with the national average jumping 20.4 cents per gallon in the week ending June 23rd. Geopolitical risks, particularly the threat of Iran blocking the Strait of Hormuz, are a major driver. The rising diesel prices are putting cost pressure on the logistics and transportation industry and could exacerbate inflation, hindering economic growth. Businesses and governments need to work together to address the challenges through measures such as improving efficiency, adopting energy-saving technologies, and strengthening market regulation.

02/12/2026 Logistics
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Wcos Mercator Program Boosts Bosnias WTO Trade Facilitation

Wcos Mercator Program Boosts Bosnias WTO Trade Facilitation

The World Customs Organization (WCO), through its Mercator Programme, supports Bosnia and Herzegovina in implementing trade facilitation measures. This includes organizing workshops to raise awareness, identify priorities, and assist in the establishment of a National Trade Facilitation Committee. This initiative aims to accelerate Bosnia and Herzegovina's accession to the World Trade Organization (WTO) and promote its economic growth and international competitiveness.

02/02/2026 Customs Knowledge
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YRC Freight Teamsters Agree on Pay Raises After Decade of Cuts

YRC Freight Teamsters Agree on Pay Raises After Decade of Cuts

YRC Freight Teamsters members have ratified a new national master agreement, delivering wage increases, vacation reinstatement, and benefit security for employees. Covering approximately 25,000 workers, the contract aims to improve their lives and recognize their contributions to the company. Highlights include a $4 wage increase over five years, the restoration of a week of vacation, protection of healthcare benefits, and a ban on the use of driverless trucks. The agreement provides stability and improved conditions for the workforce.

02/04/2026 Logistics
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Knightswift Buys US Xpress for 808M in Trucking Sector Expansion

Knightswift Buys US Xpress for 808M in Trucking Sector Expansion

Knight-Swift acquired U.S. Xpress for $808 million, aiming to expand its market share and improve profitability. The U.S. Xpress brand will be retained. This acquisition signals an acceleration of industry consolidation. Technological innovation is becoming a crucial factor for success in the evolving trucking landscape. The deal allows Knight-Swift to leverage U.S. Xpress's existing infrastructure and customer base, further solidifying its position as a leading player in the trucking industry. The integration process and realization of synergies will be key to the deal's overall success.

01/16/2026 Logistics
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USA Truck Rejects Knight Transportations Bid Amid Trucking Industry Consolidation

USA Truck Rejects Knight Transportations Bid Amid Trucking Industry Consolidation

Knight Transportation's $242 million offer to acquire USA Truck was rejected, highlighting the complexities of consolidation in the US trucking industry. Despite Knight's expressed disappointment and claims of shareholder support, USA Truck maintains its commitment to independent operation. This failed acquisition underscores the increasing competition within the industry, strategic choices facing companies, and potential implications for the Chinese trucking sector. The rejection demonstrates that consolidation, even with shareholder backing, isn't always guaranteed and companies may prioritize independent growth strategies.

01/15/2026 Logistics
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Knightswift Merger Transforms North American Trucking Industry

Knightswift Merger Transforms North American Trucking Industry

Swift and Knight merged to form Knight-Swift, a leading North American trucking company with over $5 billion in annual revenue. The merger aims to enhance competitiveness, address industry challenges, and create greater value for shareholders and customers. This strategic combination positions Knight-Swift to capitalize on market opportunities and strengthen its position in the evolving logistics landscape. The integration is expected to yield operational efficiencies and improved service offerings.

01/15/2026 Logistics
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Knightswift Merger Finalized Altering Trucking Sector

Knightswift Merger Finalized Altering Trucking Sector

The merger between Knight and Swift has been approved, creating Knight-Swift, a $6 billion trucking giant and the largest in North America. The merger signifies significant industry consolidation. Knight's CEO has taken over from the founder of Swift, marking a leadership transition within the newly formed entity. This deal reshapes the landscape of the trucking industry, establishing a dominant player with expanded reach and resources.

01/15/2026 Logistics
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