Logistics News

“Logistics is global by nature, but too often it’s managed through disconnected partners and regional silos,” said Rebecca Tinucci, CEO of Uber Freight.

Officials and industry leaders warned export restrictions could provide brief relief but risk higher fuel costs, reduced refinery output and broader economic fallout.

Although regular gas prices usually get more attention, diesel has swiftly become a hot issue on the campaign trail.

The S&P Global flash U.S. composite purchasing managers index climbed to 58.4 in September. Figures above 50 indicate expansion.

A U.S. ban on diesel exports could rapidly fill domestic storage, depress the fuel’s prices and ultimately shrink gasoline supply while pushing up costs at the pump.

Brent crude rose 1.3% to $100.55 per barrel. It reverses a decline for Brent, which had been falling since nearly hitting $110 last week.

As prices have risen, more Republicans have embraced the idea of a diesel export ban or even price controls. 

With flows from the region’s top supplier at risk, European diesel’s premium to Brent crude jumped to more than $95 a barrel on Sept. 23, a record in Bloomberg data going back to 2011.

Canada’s need to expand trade with Europe and Asia is a driving force behind a major new package of regulatory and permitting reforms.

The Department of Transportation plans to loan up to $2.52 billion for Alabama’s Mobile River Bridge and Bayway Project to transform the Interstate 10 freight corridor.