BUSINESS

The Great Freight Recession has hampered the trucking industry over the last four years with reduced shipping demand, lower freight rates, and rising costs of labor, fuel, and insurance driven by inflation.And then, oil prices surged after the Iran conflict began in late February.Diesel hits $8 a gallonAs a result of a spike in oil prices, the trucking industry is facing a huge fuel cost increase. The average price of diesel in California reached $7.77 per gallon, according to AAA, with some stations charging over $8 a gallon, KOVR-TV in Sacramento reported on April 7.The cost to fill a single truck tank can cost from $1,400 to $1,600, according to some drivers, the report said.The average cost of a gallon of California No. 2 diesel was $4.65 a gallon in January and $4.87 in February, according to the U.S. Energy Information Administration.Price almost doubles”We’ve almost doubled the cost in about a month and a half,” Raman Dhillon, CEO of the non-profit North American Punjabi Trucking Association, told KOVR. The increased fuel costs since Feb. 28 might be the last nail in the coffin for many smaller trucking companies that are unable to include fuel surcharges in their shipping contracts. Larger companies, such as Amazon, UPS, and FedEx, include surcharges on deliveries to offset higher costs.

National Road Logistics LLC filed for Chapter 11 bankruptcy, facing high debt obligations.Shutterstock

National Road Logistics files bankruptcyA combination of rising costs and legal issues has forced National Road Logistics LLC to file for Chapter 11 bankruptcy.The North American trucking and logistics company filed for bankruptcy protection on April 6, citing rising debt obligations that needed to be brought under control. The company also faced legal disputes, which are now subject to an automatic stay while the bankruptcy case proceeds.The Signal Hill, Calif.-based trucking company filed its petition in the U.S. Bankruptcy Court for the Central District of California in Los Angeles, listing $1 million to $10 million in assets and $10 million to $50 million in liabilities, according to Bankruptcy Observer.Debtor has over $43 million in liabilitiesNational Road Logistics listed over $43 million in secured and unsecured debts in its petition, according to Bondoro.Unsecured claims include Sunshine Distribution, owed over $14.5 million in breach-of-contract claims; Nordstrom, owed $9.5 million related to a lease claim; Prologis Management, owed $8.3 million in vendor-related claims; Milestone Equipment Company, owed over $6.5 million in vendor leases; and McKinney Trailer Rentals, owed over $1.1 million.The company also faces other unsecured vendor payables and breach-of-contract claims.The company has about $7.5 million owed on secured claims and about $1.6 million in assets.National Road Logistics operates 27 trucks and employs 35 drivers for the interstate and cross-border shipping of general freight and intermodal containers, according to the Federal Motor Carrier Safety Administration’s SAFER website.Company operates nationwideThe company has a national presence with warehouse facilities and a 6-acre storage yard in Torrance, Calif., and operations in Newark, N.J., Savannah, Ga., and Houston.National Road Logistics’ Southern California facilities are located just minutes from Los Angeles International Airport, the Port of Los Angeles, and the Port of Long Beach, according to its website.National Road Logistics unsecured claimsSunshine Distribution, owed $14.5 million.Nordstrom, owed $9.5 million.Prologis Management, owed $8.3 million.Milestone Equipment Company, owed $6.5 million.McKinney Trailer Rentals, owed $1.1 million.Related: Starbucks closes all but one downtown location in major city

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealWhether you’re running out to grab groceries, hanging out with friends by the pool, or traveling overseas, having an easy, dependable, and comfortable anytime shoe can make life easier. Something that can hold up to everyday use, match with all your favorite outfits, and offer all-day comfort allows you to focus more on fun activities and less on blisters, aching feet, and slippery surfaces.The Goosecret Lightweight Platform Arch-Support Sandals are a perfect example of a shoe that can do it all. They’re comfortable, non-slip, and conform to your foot to provide comfort. Right now, they’re on sale at Amazon for under $25. Shoppers can save up to 37% on these cloud-like sandals.Goosecret Lightweight Platform Arch-Support Sandals, From $18 (was $29) at Amazon

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Gold has become the most talked-about retirement asset of 2026, and the sales pitches are getting louder every week. Television ads, radio endorsements, and online campaigns promise you a safe harbor from inflation and stock market volatility. The message is simple, seductive, and designed to reach you at your most financially vulnerable moment.What those ads leave out is the layered cost structure, the strict IRS rules that can trigger devastating penalties, and the liquidity constraints that make selling your gold far more complicated than clicking a button. These details separate smart diversification from an expensive mistake.If you are considering moving retirement savings into physical gold, you need to understand where a gold IRA works and where it works against you. Your retirement is too important for decisions driven by fear-based marketing. Gold prices are soaring, and sales tactics targeting your retirement have followedGold prices have surged past $4,600 per ounce in April 2026, climbing more than 25% since the start of 2025, according to reports. J.P. Morgan forecasts prices could approach $5,000 per ounce by the fourth quarter, driven by projected quarterly demand of around 585 tonnes from investors and central banks combined.”These frauds can be particularly damaging to individuals near retirement and retirees who could lose much of their retirement savings and find themselves unable to return to work to support themselves,” Director of the Commodities Futures Trading Commission (CFTC) Office of Customer Education and Outreach Melanie Devoe said in an announcement. That momentum has fueled aggressive marketing from gold IRA dealers, many of whom are not registered investment advisors and carry no fiduciary obligation. The CFTC has warned consumers that precious metals promoters often use fear-based messaging to pressure retirees into rushed decisions with their savings.The fee structure that quietly eats into your gold IRA returnsA traditional IRA at a major brokerage often incurs no fees beyond a small expense ratio on your index fund. A gold IRA operates on a fundamentally different cost model, stacking multiple layers of fees on top of one another throughout the account’s life.Typical gold IRA fee ranges for 2026Account setup: $50 to $150 as a one-time charge to open the account and process your initial rollover or transferAnnual custodian fees: $75 to $300 per year for account maintenance, IRS compliance reporting, and record-keeping obligationsDepository storage: $100 to $300 annually, or 0.5% to 1% of the value of your holdings, depending on the facilityDealer premiums: 2% to 5% above the gold spot price on every purchase, the cost most investors completely overlookTotal annual costs for a moderate gold IRA range from $200 to $600, excluding dealer markups. On a $50,000 purchase, a 3% to 5% dealer spread means your gold must appreciate by $1,500 to $2,500 before you simply break even on the transaction.IRS purity and storage rules that most investors discover too lateGold IRAs are governed by Internal Revenue Code Section 408, which requires gold held in a retirement account to meet a minimum purity of 99.5%. The American Gold Eagle coin is a notable exception at 91.67% purity. Only bullion coins and bars from government mints or accredited refiners that meet these standards qualify for your account.Your gold must be stored in an IRS-approved depository managed by a qualified custodian. Home storage, bank safe deposit boxes, and any location you personally control are all prohibited. The IRS treats home storage of IRA gold as a taxable distribution, triggering immediate income taxes and a 10% early withdrawal penalty if you are under 59 and a half.

Gold IRA rules are stricter than most expect, from purity standards to mandatory depository storage and steep penalties for violations.Catherine Falls Commercial/Gettyimages

Home storage has already cost investors hundreds of thousands in taxes and penaltiesThe danger of home storage is not theoretical. In McNulty v. Commissioner, a Rhode Island couple stored IRA-purchased precious metals at home after following an online promoter’s guidance. The IRS treated the entire value of those metals as a taxable distribution, and the Tax Court agreed with the agency.The couple owed more than $270,000 in taxes on roughly $730,000 in IRA assets, plus penalties exceeding $50,000. The court ruled that personal possession of IRA assets is fundamentally inconsistent with the basic structure of a tax-deferred retirement plan.More Gold:Gold just saw its biggest decline since 1983: what’s nextGold and silver bugs face grim reality checkGold’s price is falling fast: Here’s what comes nextThe IRS has issued a consumer alert warning investors about home storage gold IRA promotions, noting that companies marketing these arrangements frequently misrepresent the legal basis for keeping metals at home. That alert remains active as of March 2026, and reliance on dealer assurances is not a defense that survives IRS scrutiny.If any dealer suggests you can store IRA gold at home through an LLC or “checkbook IRA” structure, treat that as a serious warning sign. The financial consequences of noncompliance extend far beyond what proper depository storage would have cost, and your entire IRA balance could be at risk.Selling gold inside an IRA is far more complicated than selling a stockSelling physical gold inside a gold IRA requires coordination between your custodian and a precious metals dealer, and the price depends on dealer spreads and market conditions at the exact moment of sale. This process can take days or weeks, compared to the seconds required to sell an ETF through any standard online brokerage platform.This liquidity gap becomes a genuine financial problem when you reach age 73 and required minimum distributions begin for traditional gold IRAs. You cannot withdraw a fraction of a gold bar to satisfy that obligation, and meeting your RMD may force you to sell metals at an unfavorable time and price.Gold produces no income, and that changes your long-term retirement mathStocks generate dividends, bonds pay interest, and real estate produces rental income, but gold does none of these things. Your returns come entirely from price appreciation, meaning your gold must increase in value just to keep pace with the annual fees you pay to hold it.From 1971 through 2024, the stock market delivered average annual returns of 10.7% while gold averaged 7.9% over the same period. That 2.8 percentage point gap, compounded over a 20- or 30-year retirement horizon, represents a significant difference in total wealth accumulation.The right amount of gold exposure for your retirement portfolioFinancial advisors generally recommend keeping precious metals to between 5% and 15% of your total portfolio, depending on your risk tolerance. “The fees associated with maintaining a gold IRA are usually not worth the potential benefits,” Tanza Loudenback, a Certified Financial Planner, has cautioned. She recommends gold ETFs as a more cost-effective way to gain exposure to precious metals in a retirement account, without the custodian, dealer, and depository fees associated with physical gold.Red flags to recognize before signing anything with a gold IRA dealerA joint investor alert from FINRA, NASAA, and the SEC notes that self-directed IRA custodians do not evaluate investment quality in your account. Promoters may not be held to the standards of registered financial advisors, so the responsibility for due diligence falls entirely on you as the investor.Warning signs that should stop you from proceedingHigh-pressure sales tactics that demand you act immediately or claim a limited-time opportunity is about to expirePromises of “free silver” or “bonus gold” obscure inflated dealer premiums hidden in the cost of your transactionRecommendations to purchase rare or collectible coins, which carry higher markups and may not meet IRS purity requirementsClaims that you can legally store IRA gold at home through an LLC, which the IRS has repeatedly warned against publiclyBefore you commit retirement savings, request written fee schedules from at least three providers and compare total costs over five- and ten-year horizons. Consult a fee-only financial advisor with no financial stake in whether you open a gold IRA. Your retirement deserves better protection than a decision made under sales pressure.Related: Morgan Stanley has a blunt message for gold investors