Chevron CEO Mike Wirth has warned that multiple vessels transiting the Strait of Hormuz have been attacked in recent days, highlighting the persistent security risks in the Persian Gulf despite potential peace talks between the U.S. and Iran. Speaking at the … Read more
Global oil prices edged lower on May 29, 2026, after reports emerged of a tentative U.S.-Iran agreement to extend their ceasefire by 60 days. Brent crude, the international benchmark, slipped 0.1% to $92.58 per barrel, while U.S. benchmark crude also fell … Read more
U.S. law enforcement has dismantled multiple alleged cargo-theft rings operating online, with stolen freight resold through Facebook Marketplace, eBay, and the live-streaming marketplace Whatnot. Police say transnational crime groups are flooding online platforms with high-value, easily redistributed goods, turning logistics hubs … Read more
The United States Postal Service (USPS) has suspended discretionary spending across the organization due to a temporary cash-flow shortage. Postmaster General David Steiner announced the move in a memo to employees, citing the need to manage available resources responsibly. The restrictions … Read more
The U.S. Surface Transportation Board (STB) has accepted Union Pacific and Norfolk Southern’s $72 billion merger application but paused its review pending additional information, giving the companies until July 27 to address competition and public-benefit concerns. Shares of both railroads plummeted—Union … Read more
ArcBest has rolled out ArcBest View, a new digital logistics platform designed to centralize shipment management across its services. Launched on May 27, the platform allows customers to quote, book, and manage shipments in a single interface while providing real-time visibility … Read more
The United States Postal Service (USPS) has signed a multiyear parcel delivery contract with the e-commerce arm of global courier DHL. Under the agreement, USPS will handle final delivery to homes for DHL, leveraging its nationwide network. The deal is expected … Read more
Tyson Foods Inc. has appointed longtime board member Jeff Schomburger as its new president and CEO, effective October 4, 2026, replacing Donnie King who will step down after 43 years with the company. King will remain on Tyson’s board and assist … Read more