Transportation News
Closing the Strait of Hormuz Could Backfire on Iran
The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world’s most important oil chokepoint.
June 23, 2025Tanker Rates Soar to Highest Since 2023 After US Bombs Iran
Tanker rates extended gains as tensions in the Middle East ratchet higher, with shipowners demanding bigger fees to call at ports in the Persian Gulf after the U.S. launched strikes on Iran.
June 23, 2025Trump Warns Oil Producers on Prices Following Iran Attack
President Donald Trump demanded that energy producers push down crude prices following U.S. military strikes on Iran.
June 23, 2025Project to Lower Historic Baltimore Tunnel Nears Halfway Mark
Workers have achieved the 47% completion mark to lower the historic Howard Street Tunnel by 2 feet to allow double-stacked rail containers to travel to and from the Port of Baltimore.
June 23, 2025Stellantis Shakes Up Leadership Team as New CEO Takes Office
Stellantis is reorganizing its top management ranks as new CEO Antonio Filosa begins his push to turn around the struggling automaker.
June 23, 2025Oil Flip-Flops After US Strikes Iranian Nuclear Sites
Global markets appeared to take the U.S. strike against nuclear targets in Iran in stride as investors watched June 23 to see how Iran will react.
June 23, 2025Tesla’s Modest Robotaxi Rollout Staged for Retail Investors
Tesla rolled out its long-promised driverless taxi service to a handful of riders June 22, a modest debut for what Elon Musk sees as a transformative new business line.
June 23, 2025Doubling of Tire Life Regularly Reported
Watch how Counteract’s revolutionary tire balancing technology helps fleets cut fuel costs, extend tire life, and eliminate rebalancing. Using centrifugal force and inertia, Counteract Balancing Beads automatically balance the entire axle-end wheel assembly—continuously and without the need for machines. Backed by SAE fuel economy tests and real-world results, fleets report doubled steer tire life and smoother rides. Don’t miss the video that shows how smarter balancing leads to massive savings. Learn more at counteractbalancing.com!
June 23, 2025Sponsored ContentFred Smith, FedEx Chairman and Founder, Dies at 80
“It is with profound sadness and a heavy heart that I share that Frederick W. Smith, our founder and executive chairman, died earlier today,” CEO Raj Subramaniam wrote June 21.
June 22, 2025NYC Sets Smaller Driver Pay Raise After Uber, Lyft Resistance
New York City on June 20 announced new minimum-pay rules for rideshare drivers, settling on a smaller-than-proposed 5% increase following pushback from Uber Technologies and Lyft.
June 20, 2025