Category: Shipping

March 24, 2023

FedEx will close its heavy maintenance hangar at Los Angeles International Airport next summer and consolidate operations in Indianapolis to reduce costs, ending a piece of aviation history rooted in the acquisition of Flying Tiger Line 35 years ago. The […]

March 23, 2023

Federal regulators approved Canadian Pacific’s $31 billion acquisition of Kansas City Southern on March 15. The decision is effective April 14 and will form a new rail carrier to be called Canadian Pacific Kansas City (CPKC). That merger was approved […]

March 22, 2023

The initiative has been described as the first of its kind from Africa and an important step in the region’s involvement in shipping’s decarbonization. Maritime green corridors are routes between major port hubs where zero-emission solutions and fuels are supported […]

March 20, 2023

The Port of Los Angeles handled 487,846 TEUs in February, translating to a 43% drop from the all-time high in the same month last year. The Californian port’s loaded imports totalled 249,407 TEUs, a 41% decrease from the previous year, […]

March 20, 2023

Cash flow is everything when you are in the trucking business. After all, you must keep your truck on the road, so your business keeps moving, which takes money. According to Simplex Group, cash flow issues are relatively common in […]

March 17, 2023

The Los Angeles and Long Beach ports in California want to be part of a statewide clean hydrogen hub, through which they would get more than half a billion dollars in federal funding to test out the benefits of using […]

March 17, 2023

Freight demand took a bit of a beating this week as several alarms were sounded across the broader economy. The labor market continues to convey mixed signals while manufacturers are firmly pessimistic about their near-term prospects. The consumer will be […]

March 16, 2023

The only way to characterize the air cargo market in March is it’s a little less worse than the past few months. Slight recovery of factory output in China after the Lunar New Year holiday, a rise in manufacturing exports […]

March 15, 2023

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the sale of a Kamsarmax MV Efrossini, a 2012 Japanese-built, Panamax class, dry-bulk vessel at a gross sale price […]

March 8, 2023

The American Transportation Research Institute (ATRI) recently requested motor carriers participate in the organization’s annual Operational Costs of Trucking report. ATRI collects information from trucking fleets and owner-operators on costs and operational data and then analyzes it for trends. The […]

March 7, 2023

Trucking company owners looking to sell their business or buy a new one got an hour’s worth of advice here from three executives who recently went through the process. “Whether you want to sell or not, if you don’t have […]

March 6, 2023

Xeneta CEO Patrik Berglund said in late November that if spot rates had not stabilized and started to rise again by the first and second quarters of this year, “carriers have played this market really badly.” By that definition, ocean […]

March 1, 2023

With import demand flagging, freight rates falling, the container ship orderbook at record highs and ocean carriers canceling voyages, you might think nobody would be chartering more ships. In fact, the container-ship charter market is far from dead. Charter rates […]

February 28, 2023

The survey covered AAPA’s membership and showed that ports are most interested in electric cargo handling equipment, shore power for vessels at berth, electric grid infrastructure, and hydrogen energy infrastructure. AAPA is the voice of more than 130 public port […]

February 28, 2023

The American Transportation Research Institute wants carriers to weigh in on whether federal drug testing policies for CDL holders should change, given the growing number of states legalizing marijuana. More than 20 states, most recently Maryland and Missouri, have now […]

February 27, 2023

FedEx Corp. (NYSE: FDX) said Monday it has launched a 50-day humanitarian initiative that will culminate on April 17, the 50th anniversary of the company’s first day of flight and ground operations. The program, which FedEx coined 50 Days of […]

February 24, 2023

Since 2013, commercial vessels have been assessed and allotted savings on their harbour dues based on the magnitude of their air emission and underwater noise performance. In 2022, PRPA introduced a new incentive for cargo vessels that plug into shore […]

February 23, 2023

Some of these projects include investments in a major biorefinery and Europe’s largest green-hydrogen plant. To remind, in July 2022 subsidiaries of Shell have taken the final investment decision (FID) to build Holland Hydrogen I, which will be Europe’s largest […]

February 23, 2023

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported net income of $25.7 million and net income attributed to common stockholders of $24.2 million for the fourth quarter of […]

February 21, 2023

The country’s key ship manufacturers have secured over $7 billion in new orders since the beginning of this year. Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate shipbuilding holding company of HD Hyundai, has won a colossal order for 12 […]