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The spot market is struggling to rebalance as the rate of carriers exiting has slowed despite sluggish demand.

Oil will need to be closely watched in the coming months to ensure “a sound and sustainable market balance” during an expected surge in demand, OPEC said in its monthly oil market report.

British autonomous driving startup Wayve Technologies Ltd. is opening a research center in Vancouver, adding its second location in North America to accelerate its growth.

WASHINGTON — U.S. producer prices rose in March from a year earlier at the fastest pace in nearly a year, but the gain was less than economists expected. 

DETROIT — The driver of a Ford electric SUV involved in a February fatal crash in Texas was using the company's partially automated driving system before the wreck, investigators said.

Across the major logistics market segments, 2023 brought a spate of challenges including compressed margins, rising labor costs and inflationary pressures, ensuring a down year for many.

Roadrunner opened a new less-than-truckload service center in Atlanta, the longhaul freight carrier announced April 10.

Global oil demand won’t peak before the end of this decade due to underwhelming fuel economy standards and slowing adoption of electric vehicles in the U.S., energy researcher Enverus says.

The head of the National Transportation Safety Board told senators the agency expects to unveil a report in June detailing last year’s freight train derailment in East Palestine, Ohio.