Logistics News

Morgan Stanley says a closure into late June "is the regime in which Brent flat price has to do work it has so far been able to avoid,” referring to futures.

Aramco's East-West Pipeline across Saudi Arabia to the Red Sea is operating at its maximum capacity of 7 million barrels of oil a day.

Tesla is attempting to facilitate demand by offering low-cost charging equipment on an industrial scale to carriers.

Tehran has tightened its grip on the waterway, requiring shipowners to submit detailed information to its Persian Gulf Strait Authority.

Brent crude rose 1.8% to $101.80 per barrel after drifting between small gains and losses earlier in the morning.

Lime has expanded aggressively in recent years, launching in more than 20 cities including Tokyo and Athens.

The increase in the gauge — which tracks grains, sugar, meat, dairy and vegetable oil costs — marks the third consecutive month of gains. 

A split three-judge panel of the Court of International Trade in New York found the 10% global tariffs were illegal after small businesses sued.

Lyft forecast second-quarter results that beat Wall Street estimates, as the ride-sharing company expands internationally and adds higher-end offerings.

The transaction will give EQT a 70% interest in the North American venture, with Americold retaining the remaining 30%, the companies said May 7.