Logistics News

RXO CEO Drew Wilkerson expressed optimism that the freight market is recovering and that the company is well positioned for the upturn while reporting first-quarter results May 7.

The FBI has issued a public alert about “surging” cargo theft cases involving cybercriminals impersonating a broad range of legitimate freight companies.

The move has raised concerns about eroding the freedom of navigation on which global trade depends.

Iran’s grip on the Strait of Hormuz has jolted the world economy. Here is a look at the strait by the numbers.

The move comes as the administration has vowed to find ways to refill the Strategic Petroleum Reserve, which has seen additional declines during the Iran war.

Brent crude, the international standard, fell 3.8% to $97.38 per barrel.

Shell, which recently announced the acquisition of Canadian oil and gas producer ARC Resources, cut its quarterly share buyback and raised its dividend.

The Iran war has raised expenses by about $500 million a month, Maersk CEO Vincent Clerc said.

DoorDash said demand for deliveries remained strong in the January-March period despite higher gas prices, with total orders rising 27% to 933 million.

The Trump administration has begun paying out refunds for the $166 billion in global tariffs that the Supreme Court declared unlawful earlier this year.