Carriers and shippers can expect a few bumps on the freight market’s road to recovery even as rates continue to climb, FedEx Freight CEO John Smith says. Read more…
Brent crude, the international standard, slipped 0.1% to $94.96 a barrel. The levels are still well above the roughly $70 level they were at before the war. Read more…
The largest U.S. containerports are adapting to a volatile geopolitical situation that is reshaping global supply chains and altering freight movement. Read more…
The Institute for Supply Management’s manufacturing gauge rose 1.3 points to 54, according to data released June 1. Readings above 50 indicate growth. Read more…
North American motor carriers recently faced heightened scrutiny over logging driver hours and cargo securement during the annual Roadcheck enforcement blitz. Read more…
UPS is set to expand its North American Air Freight capabilities by debuting time-definite heavy airfreight service to and from Mexico for the first time. Read more…
Orange EV said the orders reflect a shift in yard operations as more organizations move from limited tests to larger deployments of electric terminal trucks. Read more…
Union workers at axle supplier Dauch walked off the job in a labor dispute. GM has enough of the parts on hand to last about two weeks, a spokesman said. Read more…
Consultants and analysts gathered at OPEC’s Vienna headquarters for a technical meeting on June 1 warned that it will take many months to return to prewar operations. Read more…
Under a proclamation issued late June 1, those import taxes would drop to 15% from 25%. The changes take effect June 8 and would run through the end of 2027. Read more…
The EU is under a tight deadline to implement the trade pact, as Trump has vowed to hit the bloc with new levies if it doesn’t approve the agreement by July 4. Read more…
BP executive William Lin will leave the company as it undertakes an overhaul of its senior leadership. The executive vice president of gas and low carbon will remain in the office until Q3. Read more…
Aluminum availability is under pressure as the U.S. struggles to resolve its war with Iran, while copper traders are bracing for a tariff decision. Read more…
The largest 3PLs in North America continued to face volatile business conditions last year, from compressed margins to tariff-driven supply chain upheaval. Read more…
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