Logistics News

At the heart of the UAE’s plan is a major expansion of the eastern ports of Dibba, Fujairah and Khor Fakka, accompanied by a significant investment in new pipelines, rail and road networks.

Oil prices steadied as Brent crude, the international standard, rose  0.7% to $79.53 per barrel after falling more than 5% on June 16.

Dedicated carriers can expect a boost from the Montgomery v. Caribe Transport II ruling by the Supreme Court, according to a senior executive at J.B. Hunt.

Iraq’s moves highlight preparations by major Middle Eastern producers to start returning their oil exports through the vital Hormuz waterway, which has been largely shut since the war started.

“The Supreme Court’s decision in Montgomery v. Caribe gives the clarity we sought," said Dorothy Capers, chief legal officer at C.H. Robinson.

It's clear the market has turned and the longest freight downturn in industry memory is at an ending, but unrelenting uncertainty is here to stay, researchers say.

Sales got a boost from generous government tax refunds in both April and May, though economists say that cash cushion is starting to fade.

The U.S. agreement to immediately allow Iran to sell its oil freely represents a major concession that outstrips the terms of Iran’s 2015 nuclear deal with world powers.

DP World exited the U.S. port business in 2006 on security concerns raised by some American lawmakers citing Sept. 11 terrorists’ links to the United Arab Emirates.

Amazon is facing a possible lawsuit from the FTC that may lead to billions of dollars in civil penalties over claims the e-commerce giant misled advertisers.