Cargo theft is a significant problem in the transportation industry, with losses reaching $131.6 million in the first quarter of 2026. The average value per theft climbed to $273,990 in 2025, up 36% from the year before. Roughly three-quarters of…
Every minute of downtime costs money, and fleet leaders face numerous challenges in keeping vehicles on the road. With technician shortages, increasing maintenance complexity, and mounting cost pressures, fleets must adopt flexible, data-driven maintenance strategies. Downtime is a significant concern,…
South Korean shipping giants SK Shipping Co. and H-Line Shipping Co.—both owned by private equity firm Hahn & Co.—have finalized a vessel and contract swap to consolidate their operations into two industry-leading fleets. Under the agreement, SK Shipping will acquire…
Oil prices have eased, with Brent crude falling 2.5% to $86.75 a barrel, helping to limit worries about inflation. This decline has aided fuel-intensive companies, and traders now see a 32% chance of a Federal Reserve rate increase next month.…
Global freight demand remains resilient as artificial intelligence infrastructure, electrification, and energy-transition cargoes drive strong shipping volumes despite geopolitical conflicts, extreme weather, and transportation bottlenecks. A.P. Moller-Maersk A/S, the world’s second-largest container carrier, raised its full-year outlook for the second…
After the U.S. Supreme Court struck down sweeping tariffs imposed by President Donald Trump in March 2025, logistics giants UPS, FedEx, and DHL have begun returning eligible tariff refunds directly to customers who originally paid them. The refunds stem from…
Werner Enterprises CEO Derek Leathers has signaled that the upcoming peak shipping season—typically running from August through late October or early November—is poised to be the strongest for trucking since the COVID-19 pandemic. Speaking at the Deutsche Bank Chicago Industrials…
China has accelerated its purchases of US soybeans ahead of a planned September summit between President Xi Jinping and President Donald Trump, with state-owned traders leading the buying. However, private Chinese importers remain largely sidelined due to tariffs and strained…
Global oil markets are facing a sharper supply squeeze than anticipated following renewed escalation in the Iran war, the International Energy Agency (IEA) reported. The agency now estimates a shortfall of 1.8 million barrels a day for this quarter—more than…
Proficient Auto Logistics, a Jacksonville, Fla.-based auto hauler, will acquire Hansen & Adkins for $130 million in a deal expected to close in mid-August. The acquisition will more than double Proficient’s company-owned fleet capacity and expand its operations into Canada.…