SM Energy is reportedly in talks to acquire XCL Resources in a deal that has been valued at $3 billion. XCL Resources is a major player in Utah’s Uinta Basin, a shale formation that has not been getting as much attention as the Permian but is a contributor to the U.S. total in light, sweet shale crude.

Another Billion-Dollar U.S. Oil Acquisition Is on the Horizon

(Bloomberg) — In the months that followed its invasion of Ukraine and punitive Western restrictions imposed in response, Russia amassed a shadow fleet to ferry its oil around the world. Now there is growing evidence Moscow has begun to do the same for liquefied natural gas. Gas is key...

After Oil, Russia May Now Be Building a Shadow Fleet for Gas

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. It is no secret that the logistics industry is facing a challenging landscape characterized by low freight rates and excess capacity. This situation is a result of several factors, including the lingering effects of the pandemic-induced demand surge, geopolitical tensions and a slowdown in global economic growth.

The state of logistics in 2024: Low rates and excess capacity

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J. Souza

An 81-year-old foreign passenger was found dead in her cabin onboard a Maltese-flagged cruise ship on Saturday afternoon, according to a statement from the Greek Coast Guard. A Greek news outlet reported that the incident occurred while the vessel was docked at the picturesque Port of Mykonos, a popular tourist destination in the Aegean Sea.

Cruise Ship Passenger Found Dead in Cabin, Coast Guard Reports

Brazil's oil production has started to recover following a plunge earlier this year as many offshore platforms underwent planned repairs and maintenance work. After a 25% drop in Brazilian output at the beginning of the year, platforms are returning from maintenance and producing more oil. Earlier-than-expected starts to some projects are also set to help Brazil recover its oil output later this year, and production could exceed forecasts, some analysts say.

Brazil's Oil Surge Set to Challenge OPEC's Market Strategy

Charleston, SC

Charleston pilot, Christopher Thornton, was honored with the Meritorious Public Service Award by the U.S. Coast Guard on Wednesday for his heroic actions in handling the uncontrolled acceleration of the MSC Michigan VII on June 5. Rear Adm. Douglas Schofield, commander of Coast Guard Seventh District, and Cmdr. Randy Preston,...

Charleston Pilot Honored for Saving Runaway Ship

Nike posted its fourth-quarter earnings report on Thursday, revealing that Jordan Brand was the standout performer among its divisions. The company achieved a 6% sales increase to reach $7 billion in revenue. Profits for Jordan Brand have doubled since 2020, driven by a strategic focus on women’s gear, non-basketball items, and a surge in international sales.

Jordan Brand Boosts Nike’s Earnings with Record Performance

California State

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Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Jacksonville, FL

Jacksonville Today

This week, City Council is set to begin discussing the proposed deal with the Jacksonville Jaguars to renovate EverBank Stadium. At its center is the agreement for a $1.4 billion stadium overhaul, the cost of which would be split 50-50 with the Jags after the city also covers $150 million in overdue maintenance and repair work. The city has said it plans to pay for its $625 million construction portion, for the most part, by redirecting revenue from a half-penny sales tax, passed as “the Better Jacksonville Plan.” But it’s not a straight line from the tax revenue pot to getting cranes in the air — the plan depends on budget changes to avoid debt on other projects, and using money that would have gone toward paying down that debt on the stadium reno.

How the city wants to pay for the ‘Stadium of the Future’

Transportation Today News

FedEx Corp. recently named Karen Blanks Ellis as its next chief sustainability officer, effective Monday. Ellis has served in a variety of roles related to environmental compliance, planning, and engineering at the company since 1997. Mostly recently, she served as Strategic Environmental Management & Sustainability managing director. “In every role I have held at FedEx, […]
The post FedEx names new chief sustainability officer appeared first on Transportation Today.

FedEx names new chief sustainability officer

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Total Apex Sports & Entertainment

The number of relationships and marriages ending because of disloyalty are on the rise. Loyalty plays a key role in strengthening partners’ bond. Yet, some zodiac signs are more loyal than others. They remain committed and faithful to their partners throughout. Loyalty and honesty increases a person’s trust for you.

3 Zodiac Signs Who Are The Most Loyal

PYMNTS

FedEx saw its volume continue to stabilize during the quarter ending May 31 after experiencing year-over-year declines. In May, its FedEx Express U.S. domestic package volume was down 1% year over year, while its FedEx Ground was up 1%, its FedEx Express international export was up 9% and its FedEx Freight LTL was up 1%, according to a presentation released Tuesday.

FedEx Adds Data-Driven Solutions as Volume Continues to Stabilize

Reuters

(Reuters) -FedEx shares jumped as much as 15% on Wednesday after the delivery giant reassured investors with a bullish annual profit forecast and said it is weighing whether to sell or spin-off its freight trucking business that one analyst valued at $30 billion.

FedEx stock leaps on upbeat profit target, possible freight unit sale

PARIS – Kering Beauté has named Stéphane Perrault its chief financial officer, the executive revealed on LinkedIn. Prior to starting in the position in June, he worked as group CFO at Maison Ferrand, a French maker of fine spirits, between October 2022 and June 2024. Perrault also...

Kering Beauté Names CFO

Georgia State

DeanLand

Georgia's population grew beyond the 11 million mark in 2023, reaching 11,029,227 residents according to new data from the U.S. Census Bureau. With a robust population increase of 2.9% from 2020 to 2023, 315,456 new residents arrived in the state. Georgia was the 10th fastest-growing state in the US by percentage during the reporting period.

Georgia's Population Surges Past 11 Million, Fueled by Migration

Dialog Axiata’s long-awaited acquisition of Airtel Lanka was finally closed, following the completion of a share sale transaction. In a filing, Dialog explained it acquired 100 per cent of the issued shares in Bharti Airtel Lanka via a share swap. Axiata Group now owns 73.8 per cent of Dialog, Bharti Airtel holds a 10.4 per cent stake and the remaining shares are held by the public.

Dialog finalises buyout of Airtel Lanka

Missouri State

CJ Coombs

According to Shakey's website, this pizza parlor is only in California, North Carolina, and Washington state in the U.S. now. This was my family's go-to pizza joint when my father was stationed with the Air Force outside of Omaha, Nebraska. We liked it so much, that when we were transferred again, it was hopeful we'd find another one.

Shakey's Pizza Parlor and nostalgia: the first franchised pizza restaurant also landed in Missouri

Alimentation Couche-Tard Reports Lower-Than-Expected Profits. [Stay on top of transportation news: Get TTNews in your inbox.]. Alimentation Couche-Tard Inc., Canada’s most valuable retailer, tapped Chief Operating Officer Alex Miller to take over as CEO as the company explores more merger and acquisition deals. Miller, who has been with the...

Circle K Owner Names New CEO as Fuel Sales Drag on Earnings

Douglas City, CA

Daily Coffee Press

This afternoon, Kentaiwon Durham, the Douglas City Commissioner of Ward 2, entered a guilty plea for wire fraud in the U.S. District Court for the Southern District of Georgia. Consequently, Durham is mandated to resign from his position as a city commissioner.

Georgia City Commissioner Pleads Guilty to Wire Fraud in $20K PPP Fraud Scheme

The African Continental Free Trade Area (AfCFTA) represents a landmark…. The African Continental Free Trade Area (AfCFTA) represents a landmark achievement in the pursuit of economic integration across Africa. As the continent navigates the path to restoring economic growth, connecting African countries and optimizing the AfCFTA are crucial steps toward realizing the full potential of this ambitious trade agreement.

Restoring economic growth – Connecting African countries and optimising the AfCFTA

NewsBreak

Wallenius Wilhelmsen Secures Multi-Year Contract Valued at $195 Million

Global roll-on/roll-off (RoRo) shipping and vehicle logistics provider, Wallenius Wilhelmsen, has just announced the signing of a substantial multi-year contract with a top industrial equipment manufacturer....

Wallenius Wilhelmsen Secures Multi-Year Contract Valued at $195 Million

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