Kevin discusses and covers the following stories: the Federal Motor Carrier Safety Administration announces changes to trucking regulations; Americas Commercial Transportation Research Co. (ACT) and Freight Transportation Research Associates – Transportation Intelligence (FTR) reported their respective May U.S. Trailer Orders; the U.S. Commerce Department (USCD) reported May Durable Goods Orders; USCD's Bureau of Economic Analysis (BEA) reported their 3rd estimate of 1st Quarter Gross Domestic Product (GDP); U.S. GDP compared to the European Union GDP; the U.S. Labor Department reported Weekly Initial Jobless Claims; oil prices react to UK Maritime Trade Operations reporting that a cargo ship was struck by an "unknown projectile" near Oman, U.S. Energy Secretary Chris Wright's comments regarding the Strait of Hormuz and Rystad Energy comments on Persian Gulf oil production; Gas prices continue to fall; Kevin has the details, digs into the data, puts the information into historical perspective, offers his insights and opinions.
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