The reopening of the Strait of Hormuz should have been an unambiguous relief for global shipping. Instead, an Iranian suggestion that it may start charging ships to pass through the waterway has set the industry on edge and exposed how fragile the post-conflict calm remains. Under an interim US-Iran peace deal, the strait is moving back towards normal operation after months of disruption that pushed up fuel prices and rippled through freight rates worldwide. But Tehran has si

In a procurement decision that doubles as a statement of intent, the Federal Aviation Administration this week awarded a 12-year, $875m contract to Air Space Intelligence, a Boston startup, to build the artificial intelligence system that will reshape how America manages its skies. The deal, announced Monday by Transportation Secretary Sean Duffy and FAA Administrator Bryan Bedford, covers a platform known as SMART, short for Strategic Management of Airspace, Routes, and Traj

The proposed union of Union Pacific and Norfolk Southern, a deal that would create the first true transcontinental railroad in American history, is grinding through a regulatory review that increasingly looks like its biggest obstacle is the calendar. The Surface Transportation Board granted conditional acceptance of the revised merger application earlier this month, but stopped well short of a green light, requesting further information on the environmental impact of combini

America's truckload market has roared back to life, but the recovery driving freight executives' optimism is built on a foundation that worries shippers and regulators alike: not booming demand, but a shrinking pool of trucks. Spot rates hit an all-time record in early June, jumping nine cents per mile overnight to $3.83, the highest figure ever recorded and roughly $1.20 above where they sat a year ago. Tender rejections, the rate at which carriers turn down contracted loads