During the first quarter, Delta Air Lines' cargo business profited from supply chain problems that drove goods to the congested air market. According to a prominent executive, the new logistical congestion in Shanghai, where officials are enforcing a citywide COVID shutdown, could spur even greater growth. Reduced industry capacity produced...
Amazon will charge sellers a gasoline and inflation premium
Amazon.com Inc. announced on Wednesday that it will apply a 5% fuel and inflation tax on sellers who use its fulfillment and delivery services, the first time the business has implemented a fuel surcharge. The Seattle-based e-tailer (NASDAQ: AMZN) said in a memo to sellers that the extra, which takes...
Diesel futures prices have risen 45 cents in the last two trading days
On the CME commodity exchange, the price of ultra-low sulfur diesel has risen by more than 45 cents in just two trading days. The dramatic growth is being fueled in part by abnormally low diesel and jet fuel supplies. Both jet and diesel are distillates, and the recent high price...