Morning Minute | June 4, 2025
The Federal Motor Carrier Safety Administration (FMCSA) has revealed plans to cut its workforce by approximately 7%, eliminating 89 full-time and part-time positions primarily at its headquarters, while simultaneously requesting a slight increase in funding, bringing its total budget to over $1 billion for the next fiscal year. The DOE benchmark diesel price has fallen to a milestone low, reaching its lowest point since September 2021, with the average weekly retail price now at $3.45 a gallon, marking a decline over seven of the past eight weeks. Despite this trend, futures prices moved…
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