Logistics News

Higher futures prices for diesel, seen as the workhorse of the global economy, typically ripple through to the pump and stoke inflation.

Dockworkers at the busiest U.S. container gateway moved more than 2.9 million container units in June, July and August combined, marking the busiest three-month period in the port’s history.

The price of Brent crude, the international standard, jumped 4% to $105.26 a barrel, after rising 4.3% on Sept. 9.

The armed conflicts, trade wars and extreme weather events hammering maritime supply chains are signs of a “structural shift” for global trade.

Freight analysis from data intelligence firm Kpler suggests daily earnings for VLCCs will stay above $100,000 a day into next year, more than double historical levels.

The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 5.4% in August from a year ago, up from 4.7% in July.

Amazon’s use of contract cargo carriers may limit its liability after a fatal Miami crash involving an Amazon-branded jet.

The settlement ushered through by Yellow’s liquidating trust has the backing of the largest shareholder of Yellow, MFN Partners, unlike earlier versions.

The founder of cargo booking platform Freightos is calling for a board shake-up including the ouster of Chairman Udo Lange, citing a drop in the company’s share price.

Tehran has no intention of backing down in the face of an American naval blockade and attacks on its oil tankers, said the official, who asked not to be identified discussing sensitive matters.