Logistics News

For Iran, the U.S. blockade of its oil exports has snuffed out a key part of its military funding and severely hobbled the $300 billion economy.

Gov. Mikie Sherrill says such imports would violate federal law and noted at least one tanker carrying the fuel may be headed for the state.

After falling nearly 8% on Nov. 2, Brent crude fell 0.9% at $103.80 per barrel after the U.S. attacked Iran's Qeshm Island.

Saudi Aramco sold its oil for an average of $95.20 a barrel during the quarter, compared to $70.10 in the year-before quarter, the company said in a news release.

Trucking companies serving the country’s major ports had to grapple with a national shift in volumes toward the West Coast in September.

Louisiana and Wyoming have ceased issuing non-domiciled commercial driver licenses, while Ohio is ending its program and downgrading credentials.

Heniff Transportation Systems will develop a sweetener transload facility in Ohio dedicated to serving Cargill and its customers, Heniff announced Nov. 2.

The $36.8 billion funding lapse affects road, safety and bridge projects across the country as states and localities try to plan ahead.

Global shipping costs soared after ongoing fighting upended flows from the Middle East and Russia, sending ships on longer voyages to secure supplies.

AIT Worldwide Logistics agreed to acquire Sydney-based freight forwarder Connor Anderson International, expanding AIT’s operations in Australia.