Top

Shipping

Tanker market sails into 2022 headwinds

January 13, 2022

Via: Hellenic Shipping News

The swift reintroduction of international travel bans to stem the spread of the Omicron variant of COVID-19 has derailed the already faltering turnaround in rates and earnings for the global tanker market. In November it looked like a cold winter […]


Shipping

Secretary Buttigieg Praises Port Efforts on Supply Chain

January 12, 2022

Via: Transport Topics

Transportation Secretary Pete Buttigieg during a Jan. 11 tour of the ports of Los Angeles and Long Beach lauded the efforts that have kept freight moving through the facilities amid crushing backlogs, but said much work remains to prepare ports, […]


Shipping

New truckload carrier aims to serve e-commerce and the middle mile

January 12, 2022

Via: FreightWaves

With e-commerce redrawing the landscape for freight transportation, a new Atlanta-based carrier recently launched as a middle-mile market provider across the South, Midwest and mid-Atlantic regions. Ascend is a dry van, full truckload company with a family culture that innovates […]


Shipping

Supply Chain Bottlenecks, COVID Expected to Slow Global Growth

January 11, 2022

Via: Transport Topics

The World Bank is downgrading its outlook for the global economy, blaming continuing outbreaks of COVID-19, a reduction in government economic support and ongoing bottlenecks in global supply chains. The 189-country, anti-poverty agency forecasts worldwide economic growth of 4.1% this […]


Impact & Regulations

GM Aligns With California on Emission Rules

January 10, 2022

Via: Transport Topics

General Motors said it will recognize California’s authority to set vehicle emission standards under the Clean Air Act. The automaker sent a letter to California Gov. Gavin Newsom on Jan. 9 saying it is “committed to complying with California’s regulations.” […]


Infrastructure

Benchmark DOE diesel price reverses course, heads higher

January 10, 2022

Via: FreightWaves

After seven weeks of decreases, the Department of Energy/Energy Information Administration average retail diesel price moved higher this week. Its price, effective Monday, is $3.657 a gallon, an increase of 4.4 cents from the prior week. The seven-week decline had […]


Infrastructure

Infrastructure money: ‘Informed risks’ to help guide rollout

January 10, 2022

Via: FreightWaves

With an unprecedented $567 billion it will be receiving from the new bipartisan infrastructure law — much of it to help unclog supply chain bottlenecks — the U.S. Department of Transportation is girding itself for the increased scrutiny it expects […]


Shipping

COVID dominoes fall in China; air and sea shipments delayed

January 10, 2022

Via: FreightWaves

Import and export operations in Tianjin are slowing after a small cluster of COVID cases was discovered over the weekend, according to third-party logistics providers in China. Meanwhile, in Shenzhen, authorities are blaming a contaminated import shipment infecting a cargo […]


Impact & Regulations

Supreme Court Weighs Vaccine Rules

January 7, 2022

Via: Transport Topics

The Supreme Court appears divided on legal challenges centering on the scope and federal authority of the Biden administration’s sweeping proposed COVID vaccine mandate, which would require private-sector firms to vaccinate or test tens of millions of employees. In a […]


Shipping

UPS, Postal Service excelled during peak delivery season, consultant says

January 7, 2022

Via: FreightWaves

UPS Inc. and the U.S. Postal Service turned in stellar delivery performances during the peak holiday season, while FedEx Corp. lagged, according to data published late Friday by consultancy ShipMatrix Inc. UPS (NYSE: UPS) delivered 96.9% of all parcels within […]