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Houthi rebels strike a U.S.-owned ship, raising tensions

January 16, 2024

JERUSALEM — Houthi rebels fired a missile that struck a U.S.-owned ship Monday, Jan. 15, just off the coast of Yemen in the Gulf of

World oil markets aflutter after Houthi rebels vow fierce retaliation

January 12, 2024

DUBAI, United Arab Emirates  — Yemen’s Houthi rebels vowed fierce retaliation Friday for American and British strikes against them, further raising the prospect of a

Houthi rebels launch largest-ever Red Sea attack toward commercial vessels

January 10, 2024

DUBAI, United Arab Emirates — Yemen’s Houthi rebels fired their largest-ever barrage of drones and missiles targeting shipping in the Red Sea, forcing the U.S.

US retailers brace for potential pain from a longshoremen’s strike

September 29, 2024

With a dockworkers’ strike threatening to close ports on the East and Gulf coasts beginning this week, Chris Butler is growing worried. Butler is CEO

Despite positive signs, freight rates remained stagnant in June

July 30, 2024

Overcapacity continues to suppress the freight market, holding down rates — but are we nearing the long-awaited uptick in the cycle? Most of the analysts

Baltimore bridge collapse, port closure send companies scrambling to reroute cargo

March 26, 2024

BALTIMORE — The stunning collapse of Baltimore’s Francis Scott Key Bridge is diverting shipping and trucking around one of the busiest ports on America’s East

Federal supply chain initiative considered a success, DOT reports

March 21, 2024

WASHINGTON  — On the second anniversary of the launch of the Freight Logistics Optimizations Works (FLOW) initiative, the U.S. Department of Transportation (DOT) on Wednesday

Better times could be ahead for freight volumes, rates in 2024

January 23, 2024

At last, after months of “bouncing along the bottom,” the various forecasters and analysts are providing a bit of better news about the prospects for

Reduced traffic through Panama Canal could cost up to $700M

January 18, 2024

PANAMA CITY — A severe drought that began last year has forced authorities to slash ship crossings by 36% in the Panama Canal, one of

FTR analysts: Industry’s road to recovery will be long, progress sluggish

January 16, 2024

BLOOMINGTON, Ind. — The trucking industry will recover from the current downcycle, but progress will be slow. That was the consensus reached during a Jan.

Rebel attacks on commercial ships in Red Sea could have impact on world’s supply chain

January 8, 2024

Unprovoked attacks by Yemen’s Houthi rebels on commercial shipping vessels in the Red Sea are beginning to have an impact on world trade as shipping

Digging a hole: Tough freight conditions expected to continue into 2024

December 21, 2023

In November, it was just more of the same as far as the truck freight market is concerned. Perhaps Tim Denoyer, vice president and senior

Saudi Arabia says it’s not responsible for high oil prices

March 21, 2022

DUBAI, United Arab Emirates — Saudi Arabia said on Monday that it “won’t bear any responsibility” for a shortage in global oil supplies after a

U.S. economy could shrug off oil prices if disruption is brief

September 17, 2019

DALLAS  — The price of gasoline crept higher after a weekend attack devastated Saudi Arabian oil output, but if the disruption to global supplies is

Oil prices rose to 10-day high reaching $73.99

July 26, 2018

DUBAI, United Arab Emirates  — Oil prices rose to a 10-day high Thursday after Saudi Arabia’s state-owned oil company announced it was temporarily halting crude