Logistics News
Energy secretary says Jones Act extension is likely
Energy Secretary Chris Wright said, “These temporary suspensions of the Jones Act have been quite helpful for moving energy around our country.”
August 5, 2026Shipowners say Hormuz tolls would lead to charges elsewhere
Eight of the world’s largest shipping industry associations wrote, “Once such a precedent is established, it becomes increasingly difficult to resist similar measures elsewhere."
August 5, 2026Uber outlook hits estimates as Brazil competition slows trips
Uber Technologies issued a bookings outlook that just met analyst estimates and said fierce competition in the key Brazil market weighed on trips volume.
August 5, 2026Trump says deal to reopen Hormuz could come soon
Closure of the strait, through which a fifth of the world’s oil and natural gas once passed, has driven up the price of fuel and basic goods far beyond the region, roiling the global economy.
August 5, 2026Oil prices decline, following 5% drop from previous day
Brent crude fell 5.4% to $79.25 a barrel. A day earlier, oil prices dropped more than 5% after President Donald Trump said he had decided to hold off on new strikes against Iran.
August 4, 2026OPEC output rose in July, led by Gulf nations
Oil supplies increased by 1.16 million barrels a day in July to an average of 19.44 million barrels a day, with the three Persian Gulf nations accounting for almost all of the gains.
August 4, 2026Big oil companies post banner profits on Iran war costs
As the conflict has dragged on, high oil prices have driven up the cost of gasoline, jet fuel and diesel, which has led to higher shipping costs.
August 4, 2026Iran, Oman make progress on deal to reopen Strait of Hormuz
Any agreement formalizing Iran’s control of the strait would mark a significant strategic victory for Tehran. For that reason, the U.S. could seek to block the deal by refusing to lift the blockade.
August 4, 2026Trade deficit narrows to $73.3 billion on drop in imports
The gap in goods and services trade in June shrank 5.6% from the prior month to $73.3 billion, Commerce Department data showed Aug. 4.
August 4, 2026Truck parking marketplace gains traction with fleets
Insufficient commercial truck parking remains a problem in the trucking industry, but some fleets are starting to turn that pain point into a retention tool.
August 4, 2026