Tag: transportation

February 14, 2024

Container volumes from ten major Asian countries to the United States reached 1.65 million TEUs in January, marking a 15.6% increase compared to the previous year, while overall US imports amounted to 2.27 million TEUs, showing a 9.9% year-on-year growth. […]

February 13, 2024

The owner of an Ohio trucking company pleaded guilty in federal court to wire fraud, admitting his role in a scheme to overbill shippers and consolidate shipments headed for Amazon warehouses and Bath & Body Works stores. The fraud cost […]

February 13, 2024

In 2020, 2021 and 2022, it seemed like every day brought an announcement of a new merger or acquisition. That made sense given that it was insanely cheap to get capital and there was more than enough to go around. […]

February 12, 2024

According to Reach Subsea, Northern Maria is a versatile survey vessel with a 20-ton crane and sufficient accommodation and deck capacity, suitable to meet client requirements within both the renewable energy and oil & gas sectors and is an important […]

February 12, 2024

The U.S. Department of Transportation‘s (USDOT) Federal Transit Administration (FTA) has unveiled a historic investment of approximately $1.5 billion to revitalise U.S. transit vehicle manufacturing, particularly focusing on zero-emission buses, bus facility development and workforce enhancement. This funding, made possible […]

February 9, 2024

AP Moller-Maersk has achieved another industry first, having validated its decarbonisation targets to be in line with the Paris Agreement’s goal to hold the global average temperature increase at 1.5C above pre-industrial levels. The Danish shipping and logistics group has […]

February 9, 2024

During the sixth week, the Marine Bunker Exchange (MABUX) global bunker indices experienced a modest decline. The 380 HSFO index dropped by US$8.74 to US$507.44/MT, edging closer to the US$500 threshold. Similarly, the VLSFO index decreased by US$10 with a […]

February 8, 2024

Insurer Swiss Re has come up with a chart to highlight the dramatic changes to the world seaborne map in recent years as shipping faces disruption in the Red and Black Seas as well as the Panama Canal and multiple […]

February 8, 2024

The global economy is heading towards monetary easing, expected to arrive in the following months. This could trigger a rebound in trade growth dynamics and demand across the board. In its latest weekly report, shipbroker Xclusiv said that “despite record […]

February 7, 2024

New data from Lloyd’s List Intelligence shows an acceleration of tankers diverting away from the Red Sea. Since Jan. 12, when the first of three U.S.-led military strikes began on Houthi land targets, more than 106 tankers have changed routes […]

February 7, 2024

Researchers at Kyushu University have found that Japan’s current policy of stopping the sale of gas vehicles by 2035 and transitioning only to hybrids and electric vehicles may be insufficient to reduce the country’s CO2 emissions and prevent it from […]

February 6, 2024

Federal Reserve Chair Jerome Powell said Sunday his committee is unlikely to consider cutting the federal funds rate at its next meeting in March. The implication from his remarks in a “60 Minutes” interview was that the board would not […]

February 6, 2024

I first rode an e-bike after a day out exploring the fells on foot a few years ago. Instead of driving back to my accommodation, I traveled 40km through the Lake District on an e-bike and I was surprised by […]

February 5, 2024

For the first 30 or so months of her tenure, UPS CEO Carol B. Tomé had the wind at her back. For the past year, however, a gale force storm has been blowing right at the company. The question is […]

February 2, 2024

If you thought last year’s veto of a Teamsters-backed ban on heavy-duty autonomous trucking in California put the issue to rest, think again. While 23 states allow at least testing of driverless trucking, emerging challenges resemble the arcade game Whac-A-Mole. […]

February 2, 2024

An international group of scientists has published a paper in the journal Green Energy and Intelligent Transportation, summarizing a comprehensive review of deep transfer learning for intelligent vehicle perception. In recent years, perception has been viewed as a critical component […]

February 1, 2024

FedEx has portrayed its new air network redesign in terms of streamlining the high-cost overnight parcel operation, but internal communications show the express delivery giant also sees an opportunity to aggressively go after heavyweight cargo booked by logistic providers to […]

February 1, 2024

Insurance has been a hot topic across the trucking industry over the past several years. Most often, however, insurance talks revolve around motor carriers and truck drivers. Freight brokers have largely been left out of the conversation. Broker liability is […]

January 31, 2024

Pennsylvania Gov. Josh Shapiro’s 2024-25 budget proposal would increase public transit funding by 1.75 percent, a $282.8 million investment, and provide nearly $1.5 billion in new state funding over five years. The proposal would deliver the funding needed to avoid […]

January 30, 2024

In the past 15 months, no one has been more responsible for safety on the nation’s roads than Ann Carlson. For much of that time she has served as acting administrator of the National Highway Traffic Safety Administration, where she […]