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Shipping costs surge as fuel prices hit near-record highs
Yahoo Finance· 2026-03-28 17:07
Gas prices in 2026 have climbed to near-record levels, driven largely by geopolitical instability in the Middle East, a critical region to global oil production and transportation. War with Iran and tension in the region have disrupted key maritime routes that carry a significant portion of the world's oil supply. These disruptions have pushed oil prices higher, increasing fuel costs worldwide and putting pressure on transportation-dependent industries. Major logistics providers, including the U.S. Post ...
New fees, fewer flights: Higher fuel prices pinch consumer budgets beyond the gas pump
CNBC· 2026-03-28 12:11
Many companies tie these adjustments to surging oil prices with the blockage of the key Strait of Hormuz passageway depressing supply. Prices on the May contract for Brent — a global benchmark for oil prices — have surged more than 55% in March, on track for their biggest monthly gain on record going back to 1998. U.S. oil prices are up slightly less, logging a 49% increase month to date.Companies and other organizations are increasingly preparing for an environment in which the conflict — and subsequent jo ...
Bill Gates’ 2026 Portfolio: Top 10 Stocks to Buy
Insider Monkey· 2026-03-27 20:31
In this article, we will discuss Bill Gates’ 2026 Portfolio: Top 10 Stocks to Buy.The Gates Foundation Trust is the endowment fund of Billionaire Bill Gates. The fund’s equity portfolio was valued at about $35.36 billion at the end of last year and remains highly concentrated in stable companies with durable, long-term business models. The fund is positioned towards generating steady returns that help finance the foundation’s annual grantmaking. While Gates is not involved in the day-to-day management of th ...
Lloyds faces $87.9 million lawsuit over mis-sold car loans, FT reports
Reuters· 2026-03-27 15:15
($1 = 0.7511 pounds) Lloyds faces $87.9 million lawsuit over mis-sold car loans, FT reports | Reuters Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv People walk past a branch of Lloyds Bank in London, Britain, January 28, 2026. REUTERS/Jack Taylor/File Photo Purchase Licensing Rights, opens new tab March 27 (Reuters) - Lloyds Banking Group (LLOY.L), opens new tabis bracing for a lawsuit by more than 30,000 consumers seeking 66 million pounds ($87.87 million) i ...
UPS Boosts Its Presence in Asia Pacific With New Logistics Center
ZACKS· 2026-03-26 17:16
Key Takeaways UPS launches its largest logistics centre in Asia Pacific, the Taoyuan International Logistics Center.TILC features automation, AMRs, and advanced warehouse systems to boost productivity and efficiency.UPS hub near TPE airport enhances global connectivity with 22 weekly flights and faster distribution.United Parcel Service, Inc. (UPS) is expanding its presence in the Asia Pacific area to capitalize on new business opportunities. To this end, UPS has announced the opening of its largest and tec ...
HUBG SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Hub Group
TMX Newsfile· 2026-03-26 13:25
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Significant Losses In Hub Group To Contact Him Directly To Discuss Their OptionsIf you suffered significant losses in Hub Group stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information]New York, New York--(Newsfile Corp. - March 26, 2026) - Faruqi & Faru ...
RXO Announces Expansion of RXO Extra™ Carrier Rewards Program, Providing Truckers With More Benefits
Businesswire· 2026-03-26 12:30
CHARLOTTE, N.C.-(BUSINESS WIRE)---- $RXO #nyse--RXO (NYSE: RXO) a leading provider of asset- light transportation solutions, today announced it has expanded its RXO Extraâ,, ¢ marketplace, where carriers can access programs to help their business run more profitably and manage cash flow more efficiently. The marketplace now includes a premium load-booking experience exclusively for carriers that participate in the RXO Extra programs. "Thousands of carriers already save money and improve their cash flow by p ...
RENX ENTERPRISES CONFIRMS MICROTEC UTM 1200 TURBO MILL COMPLETED AND READY FOR SHIPMENT; APRIL DELIVERY EXPECTED AS SITE PREPARATION ADVANCES
Globenewswire· 2026-03-26 12:30
MIAMI, FL , March 26, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises Corp. “RenX” (NASDAQ: RENX), a biomass recycling, logistics, and real estate company, today announced that it has received written confirmation from MTDH Germany GmbH (“Microtec”) that the UTM 1200 Turbo Mill ordered by the Company has been completed at the Microtec manufacturing facility and is being prepared for shipment from Germany to RenX’s Myakka City, Florida facility. Delivery to the site is expected in April 2026, as the Company works ...
Winnebago Industries: Those Who Take Risks After The Selloff May Win With New Gains
Seeking Alpha· 2026-03-26 11:35
I have been working in the logistics sector for almost two decades. I have been into stock investing and macroeconomic analysis for almost a decade. Currently, I focus on ASEAN and NYSE/NASDAQ Stocks, particularly in banks, telco, logistics, and hotels. Since 2014, I have been trading on the PH stock market. I focus on banking, telco, and retail sectors. A colleague encouraged me to engage in the stock market as part of my portfolio diversification instead of putting all my savings in banks and properties. ...
Rowdy Family of Companies names president
Yahoo Finance· 2026-03-26 10:42
This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. The Rowdy Family of Companies appointed Jason Ickert president, according to a March 23 press release. In the newly created role, Ickert will oversee strategy, operations and growth for all of the Texas-based company’s businesses, including Rowdy Transport, Rowdy FR8, Rowdy Logistics and Rowdy Resources. He will work alongside founder and CEO Craig Gandy, per the ...