Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Samantha Hurst
Regional Sales & Marketing Manager for Mid-Atlantic

Hello. Good afternoon, everyone. Thank you so much for joining us. We are just hitting the top of the hour. So we are going to get started because if you’ve ever joined one of these Expeditors events before, you know we typically have quite a bit of content to cover, and today is no exception. So you are joining us for our trucking and transition webinar. We’re going to focus today on what’s changing in the U.S. trucking and honestly, North America market and why that matters to you and your business. So we’re going to go into a little bit of housekeeping today.

My name, by the way, is Samantha Hurst. I’m the one you get the e-mails reminding you that you have signed up for this event. And if you have any questions in the background or technical difficulties, we’re going to drop a few hints here in the chat in just a moment on some things we know people commonly have issues with like echoes of my voice, if you’re hearing that, I’m very sorry. But we’ll give you some hint on how to fix that. And then we will go into introductions of our speakers.

So Angi, you were right to go to that disclaimer. That’s the first thing I want to talk about for everyone. Understand we are not legal experts. We cannot give you advice that should be relied upon from a legal business or financial decisions. We are here

All eyes are on the hotly-awaited market debut of Elon Musk’s SpaceX, which has made history with the biggest-ever initial public offering. The IPO raised a record $75 billion, valuing the rocket and spacecraft manufacturer at $1.77 ‌trillion and making ⁠Musk the ⁠world’s first trillionaire.

President Donald Trump said on Thursday that a peace deal could be signed as soon as this weekend, hours after threatening more strikes on Iran. He said negotiations with Tehran had advanced to the highest levels of Iran’s leadership and had been approved by a broad coalition of regional powers.

Trump’s remarks follow repeated bouts of optimism from the president that have failed to yield a deal, rattling market sentiment.

Nonetheless, “This does look perhaps a bit more tangible than we have had,” said Ray Attrill, head of FX strategy at the National Australia Bank.

Live Events

“If we hear something from Iran that sounds positive, the odds (of a peace deal) are clearly going to flip quite dramatically.”
The ⁠deal, if ‌confirmed, would be the most significant diplomatic breakthrough yet to end the three-month-old war, which has sent global energy prices sharply higher. The European Central Bank had to raise interest rates for the first time in nearly three years to ⁠nip war-driven inflation in the bud. Oil prices slumped to two-month lows on the news of an agreement. U.S. West Texas Intermediate (WTI) crude futures fell 1.9% to $86.08 a barrel, on top of a 2.6% drop overnight. Brent dropped 1.5% at $89.08 per barrel, having fallen nearly 3% overnight.

Japan’s Nikkei rose 4.3%, while Australia’s resources-heavy shares climbed 1.8%. South Korea’s KOSPI surged 8.3%.

Overnight, Wall Street rallied with the three major indexes registering their biggest daily gains since April 8 when the U.S. and Iran agreed to a temporary ceasefire. The Nasdaq jumped 2.5%, helped by expectations of a strong market debut of Musk’s SpaceX.

Data showed that U.S. producer prices increased more than expected in May, leading to the largest annual gain in 3-1/2 years as ‌the Middle East conflict drove up energy prices. On the labor market front, the number of Americans filing claims for unemployment benefits increased marginally last week, pointing to continued labor market resilience in early June.

Treasuries gained as hopes of a peace deal in the Gulf led markets ⁠to trim bets of a rate hike from the Federal Reserve this year. Pricing for a hike in October has come back to 36% from 51%.

Two-year Treasury yields were steady at 4.066% on Friday, having slumped 6 basis points overnight. The benchmark 10-year Treasury yields held at 4.4631%, after falling almost 8 bps overnight.

The dollar nursed losses on lower yields. The dollar index , which measures the greenback against its major peers, held at 99.78, having lost 0.4% overnight.

It edged up 0.1% to 160.19 yen, after retreating 0.4% on the prior session. Traders are still on high alert for any intervention from Japanese authorities as the yen stays below the critical 160 level.

Precious metals caught some relief from the lower dollar. Spot gold rose 0.2% to $4,222 an ounce, following a 3.5% jump overnight, while spot silver rose 0.3% to $67.52 an ounce, after a 5.8% gain. (Reporting by Stella Qiu Editing by Shri Navaratnam)