Business

Global oil demand will recover to pre-pandemic levels late next year, the International Energy Agency predicted, urging OPEC and its allies to keep markets balanced by tapping their plentiful spare production capacity.

Forward Air Corp. is pursuing a new destination-based compensation increase for its fleet partners within its LTL and truckload divisions, the company announced June 8.

U.S. Class 8 retail sales in May cleared 18,000 and trounced year-earlier levels that had plunged amid the pandemic, WardsAuto .com reported.

The trucking industry has seen a surge in cargo thefts since the start of the coronavirus pandemic, according to experts.

JBS USA said it paid $11 million in ransom to criminals responsible for the cyberattack that disrupted meat processing across North America and Australia, the latest high profile example of large corporations falling prey to extortion.

The Federal Motor Carrier Safety Administration is expanding access to information about obstructive sleep apnea for medical professionals who conduct medical examinations for truck drivers.

Republican and Democratic senators said June 10 they were open to considering the first change in the national gasoline tax since 1993 to help fund a bipartisan infrastructure spending package they plan to propose to President Joe Biden.

The transportation committee in the U.S. House of Representatives advanced a five-year, $547 billion surface transportation reauthorization bill that seeks to modernize much of the country’s highway systems.

The world hit a transport milestone in 2017, though most people wouldn’t have noticed it at the time.

Applications for U.S. state unemployment insurance fell for a sixth straight week, consistent with further improvement in the labor market and robust economic growth.