Logistics News

Disruptions in the Strait of Hormuz and damage to Persian Gulf refineries, as well as a wave of Ukrainian attacks on Russian plants, have severely constrained exports from exporting regions.

A hidden, multibillion-dollar industry called third-party litigation financing is doing real damage to trucking, writes ATA Chairman Greg Hodgen.

Fleets are realizing that electric terminal tractors can reliably move trailers within logistics yards while generating measurable savings.

Rather than plan around a national transition to zero-emission trucks, fleets are weighing total cost of ownership, operational feasibility and customer expectations.

“Market fundamentals are improving as capacity continues to tighten, driven by regulatory enforcement and carrier exits,” CEO Shawn Stewart said.

Freight brokers have been weathering a dramatic shift in the legal and regulatory landscape. RXO is among the brokers that have navigated the upheaval by presenting their quality of service as a key differentiator.

The U.N.'s index of food-commodity prices rose 0.6% in July from the previous month, led by grain, sugar and vegetable oils, according to a report from the Food and Agriculture Organization.

A barrel of Brent crude oil, the international standard, slipped 0.6%, to $82.07. Brent rose nearly 4% on Aug. 6 as progress toward reopening the Strait of Hormuz remained unclear.

Carney said Canada remained engaged in the negotiations despite Trump’s comments, describing the talks as a fight to protect Canadian workers and businesses.

The Trump administration has ruled out any arrangement that would cement Iran’s grip over the Persian Gulf waterway, including Tehran charging fees.