-
Colonial-Level Cyberattack On Trucking Likely – But Preventable
Monday, May 24, 2021 - 10:34am | 1149In case they needed one, the transportation and logistics industry got a reminder — in the form of the ransomware attack on Colonial Pipeline — of the kind of havoc hackers can wreak on businesses and their customers. The shutdown of a vital supplier of the diesel that keeps trucks moving could...
-
Freight Brokers Urged To Increase Security In Light Of Pipeline Cyberattack
Friday, May 21, 2021 - 11:05am | 1101The cyberattack that temporarily shut down the Colonial Pipeline this month serves as a stark reminder that all industries are prone to security threats. A single attack brought the nation to a crawl. Just think of the damage one could cause your operation. In today's data-rich transportation...
-
Fuel Crisis Eases As Colonial Pipeline Returns To Normal After Ransomware Attack
Saturday, May 15, 2021 - 3:30pm | 579The Colonial Pipeline Co. said Saturday that it has returned its service to normal operations. What Happened: The Colonial Pipeline Co. announced on Twitter that it had returned to normal operations days after it restarted its pipeline following last week's ransomware attack....
-
The Daily Dash: No More Gas Lines?
Friday, May 14, 2021 - 10:38am | 476The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight Colonial Pipeline's restoration of service, a crack that closed part of Interstate 40 and more. The High Five 1. Colonial Pipeline's operations are getting back to normal rapidly, with...
-
Colonial Points To Rapid Return To Normal
Thursday, May 13, 2021 - 12:40pm | 744Colonial Pipeline's operations are getting back to normal rapidly, with the company saying Thursday morning that deliveries of petroleum products have "commenced in a majority of the markets we service." The reaction in commodity markets undercuts the suggestion of recent days that the Colonial...
-
The Daily Dash: Pipeline Shutdown Comes Calling On Diesel Supplies
Thursday, May 13, 2021 - 11:28am | 476The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight the impact of the Colonial Pipeline shutdown on diesel supplies, different approaches to reducing driver fatigue and more. The High Five 1. Major fuel suppliers in the Southeast are...
-
Disney Could Be In Spotlight Today As Entertainment Giant Reports Earnings
Thursday, May 13, 2021 - 10:23am | 2038All eyes seem to be on the big “I” as investors focus on inflation with two gauges of prices coming in hotter than expected this week. But it also seems that investors may be coming to grips with the prospect of higher prices, especially those that buy into the Fed’s view of...
-
3 ETFs To Play A Potential Energy Crisis
Wednesday, May 12, 2021 - 2:25pm | 390Coming into last week, the price of a barrel of crude oil had increased by over 80% in the prior six months. This had investors nervous. Then came the news that the Colonial Pipeline was successfully shut down by a cyberattack. Now there are reports of panic buying in the southeastern part of the...
-
Diesel Outages Starting To Rise In Southeast On Back Of Colonial Closure
Wednesday, May 12, 2021 - 10:35am | 839Major fuel suppliers in the Southeast are starting to list an increasing number of outlets with no diesel supplies as the shutdown of Colonial Pipeline heads into its sixth day. While the market waits for an expected announcement Wednesday evening regarding whether Colonial believes it can safely...
-
Colonial Pipeline Hackers Stole Data on Thursday, Ahead Of Shutdown: Bloomberg
Sunday, May 9, 2021 - 12:09pm | 680Investigators are looking at a group of hackers called DarkSide, who seem to be behind the cyberattack on Colonial Pipeline, which temporarily halted its pipeline operations on Friday. What Happened: The cyberattack that led to the shutdown began on Thursday. The attackers stole a large...
-
Major Energy Pipeline To US East Coast Shut Down After Cyberattack
Saturday, May 8, 2021 - 10:47am | 711A cyberattack has forced Colonial Pipeline to halt operations of its 5,500 miles of pipeline, which transports approximately 45% of all fuel consumed on the East Coast. What Happened: Colonial Pipeline, one of the largest pipeline operators in the U.S., said in a statement that...