A unit of H.I.G. Capital is to acquire third-party logistics provider Ascent Global Logistics for an undisclosed sum, the Miami-based private equity group said Aug. 22.

CAIRO — Two tankers carrying oil products and liquefied natural gas collided in the Suez Canal, briefly disrupting traffic through the global waterway, Egyptian authorities said Aug. 23.

Truck tonnage in July declined by 3% compared with the same month in 2022, the fifth consecutive year-over-year decline and an indication that softness in the freight market persists.

PALM DESERT, Calif. — Tropical Storm Hilary swept people into swollen rivers, toppled trees onto homes and flooded roadways as the massive system marched northward Aug. 21.

Uber Freight is partnering with the insurance software company Redkik as part of a strategic collaboration to revolutionize per-load cargo insurance, the companies announced Aug. 17.

On Aug. 19, the largest containership to ever visit Maryland sailed into the Port of Baltimore.

LOS ANGELES — Tropical Storm Hilary drenched Southern California from the coast to the desert resort city of Palm Springs and inland mountains, forcing rescuers to pull several people from swollen rivers.

LOS ANGELES — With Hurricane Hilary barreling toward Southern California, officials are monitoring how the intense rain will impact critical infrastructure such as freeways and bridges.

Amazon has restarted a shipping service it paused in the early days of the COVID-19 pandemic and that competes with carriers such as FedEx and UPS.

Two new marine highway systems have added 250 miles to the Ohio River system and 6,500 miles of Alaskan waterways to the national transportation system to improve freight shipments.