Financial writer Rich Duprey says record diesel prices, rising insurance premiums, and higher maintenance expenses are colliding with freight rates that haven't kept pace.
While affecting only a tiny proportion of imports, the bans ramp up the showboating between the two countries in what is an increasingly contentious trade war.
EC president von der Leyen, told the European Parliament while Canadian Prime Minster Mark Carney looked on that, “We must urgently reimagine our partnerships.”
President Trump has been pushing American oil companies to invest in Venezuela since the country’s leader, Nicolás Maduro, was captured in a military raid in January.
The national average for diesel hit $6.06 a gallon on September 10, up from $5.85 a gallon the previous week, and from $3.71 at that same time in 2025.
The latest supply-chain news, analysis, trends and tools for executives in the chemicals and energy industries. Learn how chemical and energy companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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