Logistics News

A U.S. Customs and Border Protection agency official is set to testify in federal court about the government's plans for refunding billions of dollars that importers paid before the Supreme Court struck down Trump's tariffs.

The International Air Transport Association released a report on June 7 saying it now expects airlines worldwide to earn a combined $23 billion in net profit in 2026, down from $45 billion in 2025.

Two longtime Hub Group executives exited their leadership roles as the firm works to rectify accounting errors that will see it refile a series of earnings.

Amazon sold C$14 billion in high-grade bonds, the largest corporate debt offering on record in the currency, after drawing about twice that amount in demand. 

Brent crude, the international standard, was up 1.3% to $94.31 after jumping $4.60 a barrel overnight.

The Plain City, Utah, native was CEO of Knight Transportation from 1994 to 2014. He was one of four founders of the company in 1990.

There are currently 262 supertankers, each capable of hauling 2 million barrels of crude oil, on order at shipyards around the world.

The plan would have American allies deploy assets to the strait within days of a peace deal between the U.S. and Iran.

With the Strait of Hormuz largely closed by the Iran war and Middle East producers forced to cut output, the OPEC+ decision remains theoretical for the time being.

Ohio stopped issuing non-domiciled CDLs in September when Transportation Secretary Sean Duffy imposed a nationwide halt.