As ransomware attacks battered transportation and logistics companies in 2021, here are six things we learned about cybersecurity and freight.
As frightening as they appear, ransomware attacks are based on a simple concept of locking up data and effectively holding it hostage.
The Department of Justice seized most of the Bitcoin paid to the gang behind Colonial Pipeline cyberattack as the U.S. targets the “entire ransomware ecosystem.”
The ransomware attack on Colonial Pipeline should serve as a wake-up call to the trucking and logistics sector, where companies keep getting targeted by hackers even though many incidents are preventable.
The cyberattack on Colonial Pipeline showed the devastation that ransomware can bring. GlobalTranz Chief Technology Officer Russ Felker explains what transportation and logistics companies can do to protect themselves, and why good cybersecurity starts at the basics.
American Maritime Partnership warns the Biden administration to guard against waiver manipulation by refineries in the wake of the Colonial Pipeline shutdown.
Also on the podcast, KeyBank’s Fowler talks about what blowout Q1 earnings said about the state of trucking.
The optimistic news about a return to normal helped push down commodity diesel and gasoline prices.
The Biden administration has issued a Jones Act waiver amid fuel shortages and rising gas prices sparked by a pipeline outage.
The return of the pipeline was being announced just as supplies of diesel were starting to become an issue.
Racetrac, Love’s and Pilot Flying J release list of stations with gasoline and diesel outages due to the Colonial shutdown
A run on gasoline by individual motorists has drained inventories out of the stations and into the tanks.
The Biden administration is considering waiving the Jones Act in the wake of the Colonial Pipeline shutdown.
Trans-Atlantic product tanker rates have spiked, but a quick pipeline restart would curb future upside.
There were plenty of conditions attached to the pipeline’s statement, but the diesel market is relieved the shutdown won’t last too long.
The FBI says the DarkSide ransomware gang was behind the cyberattack on Colonial Pipeline after the group insists it doesn’t intend to create “problems for society.”
t is going to be less-transparent cash markets that drive what diesel buyers are going to be paying at the pump for the market suddenly hit with a loss of supply.
Exemption applies to 17 states and District of Columbia
A glut that might develop in the Houston area can’t easily be transferred without the services of the giant pipeline
The major east-west highway was closed for less than 48 hours. The biggest impact on trucking may come in the next few weeks, when the crops normally hauled out of Georgia just aren’t there.
Hurricane season brings an increased risk to transportation energy in the United States, both from a supply and price perspective. FreightWaves spoke with Brett Wetzel, senior manager of applied knowledge for Breakthrough to understand the broader impact of Hurricane Florence.
