By Mark R. Long

Energy Secretary Chris Wright said the Trump administration wouldn't outright ban exports of diesel but rather implement restrictions.

In an interview with WSJ Journal House on the sidelines of the United Nations General Assembly, Wright said the administration wouldn't stop all exports of diesel. He said the administration has to keep the world supplied with diesel but needs to change the trajectory of prices in the U.S.-and the plan would be voluntary.

President Trump said Tuesday that the administration was considering restricting diesel exports, sending the oil-and-gas industry scrambling. It has been desperate to avoid a ban, warning that it risked throttling supplies of diesel and gasoline in the U.S. and would lead to higher prices.

The industry doesn't expect a ban to be imminent and still hopes to kill the idea. It is urging the administration to relax authorization requirements for Jones Act waivers, and is hoping Trump can push China to churn out and export more fuel.

-- Oil prices rose early Thursday, reversing initial losses, with Brent climbing above $105 a barrel on renewed U.S.-Iran escalation fears. (WSJ)

-- Prices for heating oil are soaring, just weeks before winter demand in the Northeast U.S. rises. (WSJ)

-- U.S. crude oil inventories rose unexpectedly last week as refineries ran at a slower pace and net imports increased, according to the U.S. Energy Information Administration. (WSJ)

"Bad idea." Steven Pruett, CEO of Texas oil producer Elevation Resources, on a possible diesel-export ban

Manufacturing

Peloton is considering moving some production of its bikes and treadmills closer to the U.S. to make its supply chain more flexible and resilient, according to Chief Operating Officer Charles Kirol.

The fitness company largely relies today on manufacturers in Taiwan and China, a shift from a pandemic-era strategy to bring production in-house, the WSJ Logistics Report's Liz Young writes. The changing approach to where Peloton makes its equipment is part of how it is looking to minimize supply-chain disruptions after the global tumult of the past six years, Kirol said at a Dow Jones Risk Journal event on the sidelines of the U.N. General Assembly.

"Having flexibility and optionality is incredibly important," Kirol said. "And sometimes you have to pay a little bit for that to protect your supply chain."

Number of the Day

301,456

Intermodal containers and trailers carried on U.S. railroads in the week ended Sept. 19, up 6.9% from a year earlier, according to the Association of American Railroads.

Ocean Shipping

Some large cargo ships have recently paid up to $5 million to pass through the Panama Canal, according to Ilya Espino de Marotta, who was recently appointed as canal administrator.

The recent bids to use the 50-mile interoceanic waterway reflect the canal's crucial role at a time when shipping companies have been forced to shift maritime routes, the WSJ's Santiago Pérez and Costas Paris write.

As the conflict between the U.S. and Iran escalated this year, the canal registered an increase in transits. But the number of crossings was recently reduced by canal authorities because of the emerging El Niño. Forecast to be especially strong, the event is disrupting energy markets and coastal infrastructure, putting more upward pressure on the price to go through the Panama Canal.

In Other News

-- Chinese companies have become the largest source of seized goods bound for Yemen's Houthi rebels, according to U.N. reports and arms experts. (WSJ)

-- Sentiment among German businesses rose for a fifth straight month in September to its highest level since May 2023. (WSJ)

-- China's Geely Automobile unveiled a new technology it says will recharge an EV battery from low to nearly full in under five minutes. (WSJ)

-- McDonald's plans to spend around $8.5 billion through 2036 to help franchisees with rent assistance and capital improvements. (WSJ)

-- Florida high-speed railroad Brightline is planning an imminent chapter 11 bankruptcy filing in New Jersey. (WSJ)

-- Schneider Electric plans to launch a takeover bid for smart-device maker Shelly Group that values the company at around $1.37 billion. (WSJ)

-- Amazon said it would put an additional $1.9 billion into its Delivery Service Partner program, saying it would help lift average driver earnings to almost $24 an hour. (SupplyChain24/7)

-- DHL said it was expanding its worldwide battery logistics network as electrification efforts grow. (DC Velocity)

-- Mexico closed several Pacific ports as Hurricane Polo threatened dangerous sea conditions, though forecasts call for it to remain offshore. (Reuters)

-- The number of so-called nuclear verdicts of $10 million or more against the trucking and auto industries nearly tripled to $3.4 billion last year, according to a report by Marathon Strategies. (Transport Topics)

About Us

Mark R. Long is editor of WSJ Logistics Report. Reach him at mark.long@wsj.com. Follow the WSJ Logistics Report team on LinkedIn: Mark R. Long, Liz Young and Paul Berger.

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This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

September 24, 2026 07:04 ET (11:04 GMT)