Strait of Hormuz Is Fully Open, Trump and Iran Announce: TT Daily

April 17, 2026

Sponsored By:
Volvo

Strait of Hormuz Is Fully Open, Trump and Iran Announce

U.S. President Donald Trump and Iran’s foreign minister said April 17 that the Strait of Hormuz is now fully open to commercial vessels. Read more…

TODAY’S NEWS

BUSINESS

Nippon Express to Buy Metro Supply in $1.6 Billion Deal

Nippon Express will acquire Metro Supply Chain Group for as much as $1.6 billion to strengthen its logistics presence in North America. Read more…

BUSINESS

DAT Reports Truckload Spot Rates Hit 2-Year Highs

The DAT report found spot van rates increased 11 cents sequentially to $2.52 per mile, while reefer rose 9 cents to $2.97 per mile. Read more…

SPONSORED CONTENT

Autel CV Diagnostics: Broad Coverage. Real Capability. Proven Value.

From a handheld triage tool in the cab to full 3-in-1 diagnostic platforms, Autel’s CV lineup is built to perform wherever technicians work. There’s no single profile for today’s heavy-duty technician. One works in a fleet maintenance facility managing dozens of Class 8 trucks. Another runs an independent shop handling everything from highway tractors to medium-duty vans. A third is an owner-operator doing his own inspections and trying to clear a trailer ABS code before the next run. Read more…

FUEL

Crude Oil Falls 10% as Strait of Hormuz Opens

Brent crude, the international standard, dropped 10.3% to $89.13. The price for a barrel of benchmark U.S. crude tumbled 10.8% to $81.28. Read more…

BUSINESS

J.B. Hunt Outperforms Market in First Quarter

J.B. Hunt Transport Services CEO Shelley Simpson described a “meaningfully different” freight environment while reporting first-quarter results April 15. Read more…

SAFETY

FMCSA Withholds $73 Million From New York

The action follows a federal audit of New York’s commercial driver licensing program that identified widespread violations of federal requirements. Read more…

EQUIPMENT

US Class 8 Retail Sales Fall 20% in March

U.S. Class 8 retail sales in March fell 20% from 2025, marking the ninth consecutive year-over-year decrease, according to Omdia Automotive data. Read more…

BUSINESS

TFI’s TA Dedicated Merges With Minnesota’s Triangle Warehouse

TFI International-owned TA Dedicated is adding Minneapolis-based warehousing and distribution company Triangle Warehouse to its operations, the carrier said. Read more…

GOVERNMENT

Canada Pushes Broad Deal in Talks With Trump Administration

Canada-U.S. Trade Minister Dominic LeBlanc said the country wants to resolve trade frictions with the Trump administration as part of a comprehensive agreement. Read more…

GOVERNMENT

Canada Post Takes Steps to Stop Home Mail Delivery

Government-owned Canada Post will end home delivery for about 4 million addresses over the next five years. Read more…

BUSINESS

Ford Seeks to Expand Partnerships With Chinese Automakers

Just days after saying Chinese carmakers should be kept out of America, Ford CEO Jim Farley said his company is looking to expand business ties to Chinese automakers. Read more…

LOGISTICS

Ship Pays $4 Million to Bypass Panama Canal Backlog

Ships are facing 3½-day delays to enter the Panama Canal as the Iran war sparks a traffic surge, prompting a vessel to pay an extra $4 million to jump the line. Read more…

BUSINESS

Union Pacific, Rocky Mountain Steel Sign Rail Supply Deal

Union Pacific has secured long-term access to U.S.-made steel rail through a new seven-year contract with Rocky Mountain Steel Mills. Read more…

EQUIPMENT

VW Faces $600M Hit for Ending Output of Sole US-Made EV

Volkswagen said last week it would stop making the battery-powered ID.4 at its assembly plant in Chattanooga after EV demand cratered. Read more…

BUSINESS

Stellantis Hires Hyundai’s Head of US Sales Michael Orange

Stellantis also is teaming with Microsoft to accelerate deployment of AI software across its cars and operations to improve customer experience. Read more…

EDITOR’S PICK

Top 50 Global Freight Companies Persevere Amid Trade Shift

The world’s largest transportation and logistics providers have been operating in a highly volatile business environment as tariffs and shifting trade policies have altered international freight flows. Read more…

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Strait of Hormuz Is Fully Open, Trump and Iran Announce: TT Daily

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