The Daily: March 8, 2022

The Daily aggregation of articles regarding the transportation logistics, trucking, and supply chain industries for March 8, 2022 from iLevel Logistics Inc.

“In the journey of entrepreneurship, tenacity of purpose is supreme.”

Aliko Dangote, founder of Dangote Group


Breaking News

AP Source: Biden to ban Russian oil imports over Ukraine war | AP News

“President Joe Biden has decided to ban Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, according to a person familiar with the matter.”

 

⛽️ Sanctions & Oil

EXPLAINER: What does a US ban on Russian oil accomplish? | AP News

“As Russia has intensified its war on Ukraine, killing civilians and triggering a mass refugee crisis, President Joe Biden is expected to announce a ban on importing Russian fuel, according to a person familiar with the matter. Critics of Russia have said this would be the best — perhaps only — way to force Moscow to pull back.”

FULL ARTICLE HERE
FULL ARTICLE HERE
 

Today’s Regularly Featured Article:

National average for a gallon of gas tops $4, the highest price at the pump since 2008 (cnbc.com)

“Gasoline prices surged to the highest level since 2008 on Sunday, as crude oil supply fears stemming from Russia’s war on Ukraine increase the impact on consumers at the pump.”

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“Trade & Border Issues” Featured Article:

Opinion: What Russia's invasion of Ukraine could mean for the US economic recovery | CNN Business

“Painfully high inflation has become the nation's number one economic problem, ignited by the pandemic, and set to get worse as Russia's invasion of Ukraine sends gasoline prices higher. In his State of the Union address, President Biden proposed several steps to address the inflation problem, and the Federal Reserve is on high alert. But there is no immediate fix, as neither the President nor the Fed have the appropriate tools to prevent prices from rising higher.”

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“Trucker’s Lounge” Featured Article:

Trucker convoy laps Washington, DC, beltway to protest Covid-19 measures (msn.com)

“A convoy of vehicles lapped the Washington, DC, beltway Sunday morning to demand an end to Covid-19 mandates and restrictions. The protests come at a time when many pandemic-related mandates and restrictions -- imposed by state and local governments rather than lawmakers in Washington -- have already begun being lifted in much of the country.”

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The Daily: March 7, 2022