Traffic in the strait has all but halted as Iran renews its attacks, striking two vessels on Wednesday. More than 300 ships linked to Iran have passed through the strait since the war began.
Category: Freight (Cargo)
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3 California Men Are Arrested in $1 Million Lego Heist
The New York Times – Business:Sheriff’s deputies spotted the men fleeing in two box trucks on Wednesday. Deputies searching the cargo discovered a large amount of Lego products, the authorities said.
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Iran Keeps a Tight Grip on Strait of Hormuz, Pressuring Shipping and Energy Sectors
The New York Times – Business:Iran has allowed a small number of vessels to pass, but that won’t alleviate pressure or risk for the shipping industry and energy markets any time soon.
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Rising Fuel Costs Pressure Airlines and Truckers
The New York Times – Business:The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.
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Crab Heist Puts Spotlight on Surge of Cargo Thefts
The New York Times – Business:Stolen food and beverages, which are easier to offload than costly electronics, are driving an overall spike in cargo crimes, truckers, insurers and other experts say.
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‘Punched in the Face’ by a Rail Disaster, an Ohio Town Fights Its Way Back
Residents and officials are still trying to revitalize East Palestine nearly three years after a derailment and chemical burn.
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Union Pacific and Norfolk Southern Try Making Their Case for a Merger
Regulators will decide whether a merger of Union Pacific and Norfolk Southern would improve shipment times or stifle competition. A decision is expected in 2027.