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The U.S. average retail price of diesel dropped 2.7 cents to $3.043 a gallon, the Department of Energy reported June 24. Crude oil prices jumped about 10% to more than $57 a barrel amid increased tensions in the Persian Gulf, then climbed higher later in the week.

Corn prices have been on an epic run. Now, soybeans could soon be catching up.

Democrats in the Michigan House of Representatives have introduced transportation funding bills that would place additional taxes and tolls on trucks.

Just one month into the job, Daimler AG’s new executive duo is unearthing skeletons from the diesel-scandal era, hobbling the move toward an electric future with a crisis that erupted almost four years ago.

WASHINGTON — The head of the Georgia Ports Authority is warning that the Trump administration’s latest round of proposed Chinese tariffs could take a nearly $18 million bite out of the state’s booming ports.

The U.S. Supreme Court refused to question President Donald Trump’s imposition of more than $4 billion in steel tariffs, turning away an appeal that challenged his use of national security as the legal justification for his trade agenda.

BEIJING — Chinese and U.S. trade negotiators are discussing ways to resolve disputes ahead of a meeting between Presidents Donald Trump and Xi Jinping at the G-20 summit in Japan later this week, a Chinese official said June 24.

A gauge of U.S. factories fell in June to the lowest since late 2009 and hovered just above the threshold between expansion and contraction, the latest signal that the American industrial sector is losing momentum amid rising uncertainty.

Gasoline futures jumped the most in more than three months after an explosion and fire at the Philadelphia Energy Solutions oil refinery, the largest on the U.S. East Coast and a key supplier to the New York gasoline market.

Development and projected growth of inland ports, particularly in the Midwest, is increasingly critical to the nation’s supply chain.