Transport Stocks Jump to Record High on Economic Optimism: TT Daily

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January 7, 2026

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TMC

Transport Stocks Jump to Record High on Economic Optimism

U.S. transportation stocks closed at a record level Jan. 6, capping off a rebound fueled by prospects of strong economic growth this year. Read more…

TODAY’S NEWS

SAFETY

USPS Tightens Rules on Non-Domiciled CDL Drivers

The U.S. Postal Service is cutting ties with drivers who hold non-domiciled commercial driver licenses and have not been subjected to careful internal vetting, the agency said. Read more…

BUSINESS

Ryder Acquires Georgia’s Truck Service Depot

Ryder System acquired Georgia mobile truck and trailer maintenance specialist Truck Service Depot on Jan. 6 for an undisclosed sum, the company said. Read more…

FUEL

US Seizes 2 Sanctioned Oil Tankers Linked to Venezuela

U.S. European Command announced the seizure of the Bella 1. Secretary of Homeland Security Kristi Noem revealed that U.S. forces also took control of the tanker Sophia in the Caribbean. Read more…

FUEL

Trump: US to Get 30M to 50M Barrels of Oil From Venezuela

The White House is organizing a meeting Jan. 9 with U.S. oil company executives to discuss Venezuela. Representatives of Exxon, Chevron and ConocoPhillips are expected to attend. Read more…

GOVERNMENT

DOT Awards $118M in Commercial Vehicle Transportation Grants

The FY25 annual grants are allocated through a competitive process for states. In this round, $71.6 million was dedicated to “High Priority” grants for CMVs and innovative technology deployment. Read more…

THIS WEEK’S CARTOON: "This Thing’s Strapped In. You’d Better Buckle Up Too!"

GOVERNMENT

Doug LaMalfa Remembered as Steady Voice for Trucking

"Only a small handful of members of Congress hold a CDL, and Congressman LaMalfa spoke with pride about being a part of this elite group,” ATA President Chris Spear said. Read more…

FUEL

Diesel Prices to Decrease in 2026, Analysts Say

EIA expects the spot Brent crude price to average $55 per barrel in 2026, down from $69 in 2025 and $81 in 2024. Brent is the global benchmark for crude prices. Read more…

EQUIPMENT

Ford Picks Precision Vehicle Solutions for Kentucky Logistics

Ford selected Precision Vehicle Solutions to manage finished vehicle logistics at its Kentucky Truck Plant and Louisville Assembly Plant, one of Ford’s highest-volume outbound networks. Read more…

SAFETY

US Lawmaker Unveils Bill Requiring Manual Car-Door Releases

The proposal adds to the growing scrutiny of electric vehicle doors following a series of incidents in which people were severely injured or died when they were unable to escape. Read more…

TECHNOLOGY

Mobileye to Acquire Humanoid Robot Maker Mentee for $900M

Self-driving car systems company Mobileye Global is acquiring Israeli startup Mentee Robotics in a cash-and-stock deal valued at $900 million, as it looks to develop humanoid robots. Read more…

BUSINESS

BlueScope Board Rejects $8.8 Billion Steel Dynamics, SGH Bid

The decision is a blow to the ambitions of Steel Dynamics as it seeks to benefit from steep tariffs imposed by the Trump administration to shield U.S. producers. Read more…

FUEL

Valero to Boost Fuel Imports to California

Valero plans to begin shutting some of the Benicia refinery operating units in February before fully winding it down by the end of April. 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 this year as tariffs and shifting trade policies have altered international freight flows. Read more…

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