Nearly half of the crude oil released from the U.S. Strategic Petroleum Reserve is being exported, a fresh sign of how severely global supplies have tightened.
Ford is the latest old economy manufacturing company to be swept up in the hype around AI after the automaker’s pivot toward energy storage sent its stock surging.
Today, the Supreme Court told every freight broker in America that they can be sued for negligent carrier selection. Montgomery v. Caribe Transport II was unanimous. Nine to zero. The FAAAA preemption shield that the!-->…
Dollar Tree has opened a one million-square foot distribution in Litchfield Park, Arizona, outside of Phoenix and plans to begin outbound deliveries next month, the value retailer announced on Thursday. As one of Dollar!-->…
Freight shipments stabilized in April as capacity constraints pushed rates to recent highs, according to monthly data from Cass Information Systems. The shipments component of the Cass Freight Index was down 4.4% year over!-->…
Within an hour of the Supreme Court’s unanimous decision in Montgomery vs. Caribe II, opening the door to bringing in brokers as defendants when a carrier they hire is involved in an incident that leads to a lawsuit, the!-->…
Executives at Flexport said ocean and air freight markets are showing signs of tightening capacity and elevated transportation costs heading into summer during the company’s North America Freight Market Update webinar on!-->…
Ongoing headwinds weighed on trucking in the first quarter, but carriers also pointed to emerging tailwinds. Trucking firms cited better pricing power.
The House approved the Combating Organized Retail Crime Act as Transportation Secretary Sean Duffy is set to defend President Trump’s fiscal 2027 budget request.
Freight rates on the benchmark Asia-United States trade lanes remain above pre-war levels, but that’s due more to capacity manipulation by carriers than increasing demand. The weekly Freightos Baltic Index shows trans-Pacific!-->…
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