Logistics News

The price for a barrel of Brent crude, the international standard, rose  3.9% to $87.48 per barrel. Oil prices are near their highest level in a month.

Average pump prices stood at $3.98 a gallon as of July 16, according to data from the American Automobile Association — up nearly 20 cents in just 10 days. 

Mandatory evacuations across the Texas Hill Country are underway as life-threatening flash floods wreck bridges and roads with more heavy rain expected overnight.

Canadian Prime Minister Mark Carney defended his decision to give the U.S. a share of the profit from a new bridge between Ontario and Michigan.

Chevron expects to sign accords with Iraq on July 17 to advance negotiations about investing in large oil fields and a pipeline to bypass the Strait of Hormuz. 

The price for a barrel of Brent crude dips 0.7% to $84.34 and is near a one-month high.

The  “3-2-1 crack spread” rose as high as $70 a barrel on July 16, the highest level on record. 

A chronic lack of available truck parking creates public safety risks and raises consumer costs, American Trucking Associations President Chris Spear said.

Trade attorneys and analysts are confident the administration will beat the clock and swap out Section 122 tariffs with bigger Section 301 tariffs by the deadline.

J.B. Hunt executives highlighted how heightened DOT enforcement has accelerated market changes while reporting the company’s second-quarter financial results.