Logistics News

The Oct. 5 announcement quickly sparked discussion across the transportation industry about its competitive and technological implications.

The conflict has led to widespread damage to oil pipelines, refineries, gas plants and dozens of tankers, racking up a bill for new investment that’s already in the tens of billions of dollars.

The gap in goods and services trade grew 13.7% from the prior month to $105.6 billion, Commerce Department data showed Oct. 6.

Brent crude fell 2.3% to $97.97. Analysts say upward pressures on oil prices have eased as larger volumes of oil have been crossing the Strait of Hormuz.

The acquisition will help better position Uber against rival DoorDash, the leading food-delivery platform in the U.S. 

Fuel that is usually used for off-road purposes is exempt from the federal excise tax of 24 cents a gallon. 

RXO shareholders will receive $17.25 in cash and 0.0856 share of C.H. Robinson for each RXO share they own, for an implied consideration of $30.25 a share.

Brent crude falls 0.4% to $101.83 a barrel. Oil prices have been yo-yoing lately amid uncertainty about how the war with Iran will reshape the global oil industry.

Consumption of crude is still rising and countries will require even more supply for at least the next two years while rebuilding their inventories, Amin Nasser said.

The OPEC+ subgroup — Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman — will meet again on Nov. 1 to review conditions in the oil market.