Freight & Logistics News
Curated industry updates from trusted freight, logistics, transportation, and supply chain sources.
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Oil prices steady on Iran-Oman talks over Hormuz
Oil prices are steady as talks between Iran and Oman on increasing energy flows in the Strait of Hormuz helped ease prices this week. Brent crude, the international standard, climbed 0.5% to $87.36 per barrel.
VEHO Industry Update: This article highlights developments relevant to the freight, logistics, and supply chain industry.
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MSC blanks transpac sailings as Golden Week puts brake on demand
MSC is blanking two sailings on its Asia-US west coast network as the carrier anticipates weaker demand around and after China’s Golden Week holiday. The Geneva-headquartered carrier announced yesterday: “Due to the anticipated slowdown in demand during and after the Golden Week holiday, MSC is planning to adjust capacity on its Asia to USA west…
VEHO Industry Update: This article highlights developments relevant to the freight, logistics, and supply chain industry.
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WFS secures cargo handling license at Oslo Airport
Worldwide Flight Services (WFS) has been awarded a cargo handling license at Oslo Airport, expanding parent company SATS’ global network to Norway for the first time. Currently, Menzies and Scan GSE carry out ground handling operations at Oslo Airport. Avinor, which operates 43 airports in Norway – including Oslo, said expanding Oslo Airport’s choice of…
VEHO Industry Update: This article highlights developments relevant to the freight, logistics, and supply chain industry.
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U.S. disputes Canada’s account of heavy-truck tariff talks
U.S. Trade Representative Jamieson Greer said he was clear that medium- and heavy-duty trucks would be excluded from tariff relief, as officials sparred over which side was responsible for the failure of the talks.
VEHO Industry Update: This article highlights developments relevant to the freight, logistics, and supply chain industry.
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KOBC container index rises for fourth consecutive week
The KOBC Container Composite Index increased for a fourth consecutive week, reaching 4,506 points on Monday The latest KCCI reading rose by 2.57% from the previous week, according to Korea Ocean Business Corporation, and reported by JIFFA. Mixed performance on major routes The index for the US West Coast increased by 2.74% to 7,095 points.…
VEHO Industry Update: This article highlights developments relevant to the freight, logistics, and supply chain industry.