Diesel benchmark price falls again but may resist further declines

Diesel markets beyond the pump price are beginning to reflect inventory levels that in the U.S. at least are starting to head into territory last seen during the price spikes of the spring and fall of 2022. The Department of Energy/Energy Information Administration weekly average retail diesel price fell 2.5 cents a gallon to $3.897…

DSV unveils details for new Phoenix-Mesa air cargo operation

Danish logistics powerhouse DSV A/S will start operating its private-label cargo airline next month at relatively unknown Phoenix-Mesa Gateway Airport, a strategic move aimed at courting Arizona’s sprouting semiconductor and electric vehicle industries with direct service that bypasses crowded Los Angeles International Airport. The world’s third-largest freight forwarder by revenue in February signed a 39-month…

Shipping boom hangover: When measuring markets gets tricky

The double-digit declines keep piling up for container shipping. The Port of Long Beach said Friday that April imports fell 22% from the year before. Taiwanese carriers Evergreen and Yang Ming reported that first-quarter profits sank 95% and 94% year-on-year (y/y), respectively. South Korean ocean carrier HMM said Monday that its first-quarter net income declined…