Logistics News

Oil and gas executives have cautioned against it, warning that any restriction on U.S. crude and fuel exports would provide only short-term relief before ultimately backfiring.

Stocks got a boost after the price for a barrel of Brent crude fell to $100.23. It has come down from nearly $110 last week.

Multiple oil traders said there were already signs of tankers arriving at the port of Yanbu, where the piped barrels are exported from.

FedEx Freight swept the top three overall spots at the skills competition held during American Trucking Associations’ Technology & Maintenance Council Fall Meeting on Sept. 21.

Most companies receiving billions in tariff refunds are mostly holding on to the cash, according to a survey released by the Federal Reserve Bank of Atlanta.

“[This] is not us saying we want immunity from liability,” said C.H. Robinson CEO Dave Bozeman. “No, we want accountability. Give us a standard.”

Representatives from the agriculture and chemical industries pressed their case that the proposed merger would increase affordability pressures throughout the economy. 

An Eastern European gang faces federal charges in New York for alleged cargo theft involving a foreign dispatcher guiding $10 million in stolen goods.

Oil traders are concerned that the higher costs make it unprofitable for some refiners to turn crude into fuels, deterring them from buying cargoes that have to sail over long distances.

Brent crude, the international standard, fell 3.1% to $100.62 per barrel. Oil supply concerns remain elevated.