The Iran Conflict, Diesel Fuel, and a Story of Neglected Infrastructure
On Saturday, the United States and Israel conducted strikes against Iran. By Monday, Iranian drones had targeted Saudi Arabia's Ras Tanura refinery, a global gi...
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10,673 articlesTPM26: Iran Conflict Poses New Risk to US Economic Growth, Says Yellen
Former US Treasury Secretary Janet Yellen stated that the ongoing conflict with Iran presents a new risk to the United States' economic growth. She indicated th...
Wabtec and Progress Rail Settle Antitrust Lawsuit
Progress Rail and Wabtec have reached a settlement in the lawsuit filed by Progress Rail, which accused Wabtec of engaging in anti-competitive practices followi...
Feds Offer Truck Drivers $600 for Pilot Program Pre-Testing
WASHINGTON — The Federal Motor Carrier Safety Administration (FMCSA) is recruiting a small group of commercial truck drivers to help refine future hours-of-se...
IKEA Deploys Mini Robot Trucks in China for In-Store Order Fulfillment
IKEA's China division has started utilizing self-driving vehicles in Hefei to transport products from a nearby warehouse to the store. These robots are used for...
cargo.one Acquires Cargofive, Launches AI-Native Multimodal Freight Platform
cargo.one has acquired ocean rate platform Cargofive and unveiled what it describes as the logistics industry’s first AI-native operating system for multimoda...
New Berkshire CEO: BNSF Needs to Improve Profitability
BNSF Railway must narrow the operating-ratio gap with other Class I railroads, stated new Berkshire Hathaway Chief Executive Greg Abel in his first annual lette...
Prices Hit Highest Level Since 2022 Amid Escalating Middle East Conflict, PMI Reports
U.S. manufacturing activity has expanded for the second consecutive month, fueled by an increase in new orders and backlog growth. However, tariffs and rising o...
Hapag-Lloyd CEO: 'Several' Ships Stranded in Gulf Amidst Potential Booking Restrictions
Hapag-Lloyd has confirmed that 'several' of its vessels are currently unable to depart from the Persian Gulf due to the recent escalation of tensions in the Mid...
Patrick Terminals Enhances Rail Support at Port of Melbourne
Patrick Terminals has introduced a new program to assist importers and exporters utilizing rail freight at its PortRail Melbourne terminal. This initiative unde...
Hong Kong's LC Logistics Orders Two 11,000 TEU Boxships for $236 Million
Hong Kong-listed LC Logistics has placed an order for two 11,000 TEU containerships from China, with the total deal valued at approximately $236 million. The ve...
Iran Conflict Disrupts Ocean and Air Cargo Networks
Carriers have implemented temporary suspensions and surcharges following strikes by the U.S. and Israel on Iran. These actions could lead to supply chain volati...