Logistics News

The nation's busiest port processed 499,552 TEUs in July. That’s 8% lower than the record set for July last year, but 6% higher than the port’s five-year average for the month.

Panama’s government in February seized the Balboa and Cristobal ports after its Supreme Court ruled that a concession held by CK Hutchison’s subsidiary to run the two ports was unconstitutional.

Walmart’s U.S. e-commerce business, which has become an engine of growth for the retailer, rose 24%, trailing the first-quarter pace of 26%.

Pennsylvania regulators can now impose civil penalties of up to $25,000 on unlicensed commercial driver training schools under a new state law.

The move under discussion would generally halve U.S. tariffs on imports of the two metals, which currently face a 50% rate.

Refineries processed 17.4 million barrels of crude oil on a daily basis last week, according to EIA. That surpassed any point since September 2019.

The UAE acts as a major financial and business hub for Iranians, and has in recent years been the Islamic Republic’s biggest trading partner, with billions of dollars of goods imported.

Customers could receive the drone deliveries in as fast as 30 minutes, Amazon said in a news release. The drones can carry packages up to 5 pounds.

The announcement buys time for more negotiations and avoids, for now, another strain in already tense relations between the historic allies.

Brent crude, which was trading for around $70 per barrel before the start of the war, gained 1% to $91.91 per barrel early Aug. 19.