Logistics News

The naval arm of the Revolutionary Guard said the new route was established “without notice or coordination with the Islamic Republic of Iran,” calling it “unacceptable and completely dangerous.”

Brent crude, the international standard, was down 0.2% to $73.70 a barrel. The U.S. and Iran continue to negotiate a possible end to their war.

Markets are weakening across Europe and Asia as buyers find themselves inundated with offers for cargo.

Brent crude fell 3.4% to $74.21 a barrel. Trump said that gas prices are not matching the decline in oil prices, so he has told the Justice Department “to immediately start looking into this.”

Agility Robotics becomes the first publicly traded company entirely devoted to building and selling humanoids. Its early customers include Toyota.

Competitors such as Walmart and Target scheduled overlapping promotions, boosting traffic and shopping across the web.

Speaking to employees, officials and political allies, the president framed Mack Trucks as a symbol of domestic industrial strength and his trade approach.

Weekly fertilizer exports through Hormuz have climbed back from near zero for most of the war to almost 530,000 tons in the week ended June 21, Kpler data shows.

The national average retail price declined to $4.98 a gallon on June 24, still well above the $3.76 a gallon recorded on the eve of the U.S.-Iran war.

The revocations were part of a corrective plan that Texas DPS was ordered to follow after being found by FMCSA auditors to have issued noncompliant licenses.