Oil prices rose after Russia slashed exports of its flagship crude Urals to the lowest in at least 10 years, signaling the determination of Moscow to work with its partners at OPEC+ to eliminate an oil glut.
June 25, 2020Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Oil Rises on Russian Export Cuts, Offsets Virus Demand Jitters
US May Exports Sink to 11-Year Low as Imports Drop
U.S. exports sank to the lowest in more than a decade while imports dropped as the coronavirus continued to curtail demand for goods and upset producers’ supply chains.
Navistar Breaks Ground on San Antonio Truck Plant
Navistar International Corp. and local and state officials June 25 celebrated, in a virtual setting, groundbreaking in San Antonio on its most advanced manufacturing facility, a $250 million investment.
In Ohio, Lordstown Motors Is a Glint of Hope Among Heartbreak
In a cavernous Northeast Ohio factory that General Motors Co. left last year, a small group of engineers is coaxing dormant robots back to life — one by one — in a long-shot bid to build a new type of pickup truck.
XPO Stresses Agility in Supply Chain Management During Pandemic
Executives from XPO Logistics said flexibility, visibility and data science have been key to navigating the business landscape during the coronavirus pandemic, as it relates to both employees and customers.
China’s Virus-Safety Demand Is Latest Hurdle to Trade Deal
China wants international shippers of meat and soybeans to sign a document attesting their cargoes meet safety standards to ensure they aren’t contaminated with the novel coronavirus.
June 24, 2020American Air Pilots Want US to Buy Seats for Distancing
American Airlines Group Inc.’s pilots are calling on the U.S. government to pay for enough jetliner seats to enable social distancing during the coronavirus pandemic.
Logistics Costs Increase to $1.63 Trillion in 2019
Business logistics costs increased marginally in 2019 as conditions in the sector normalized, but the COVID-19 pandemic has brought uncertainty to the outlook for 2020, the Council of Supply Chain Management Professionals announced in a June 23 report.
Starsky Robotics Founder Discusses Future of Autonomous Trucking
Automated technology developers are shooting for the moon when they could instead be implementing ground-level initiatives in trucking, the founder of Starsky Robotics says.
Discount Airline Group Presses for Extension of US Assistance
Smaller U.S. airlines are likely to need more government aid amid an uncertain travel recovery, according to a trade group that represents discounters such as Spirit Airlines Inc., Frontier Airlines and Allegiant Travel Co.