Tag: featured

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 […]

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 […]

January 30, 2024

The New Mexico Department of Transportation (NMDOT) recently completed a $2.7 million truck parking initiative along Interstate 10. “NMDOT is excited to implement this first-of-its-kind system in New Mexico and is committed to finding and implementing technology to support safety […]

January 30, 2024

Rail is often characterized as one of the more “old school” transportation options, but recent developments in the space have challenged that narrative. Railroad giant CSX, for example, is dedicated to investing both financial and human capital into a myriad […]

January 29, 2024

Intelligent Transportation systems (ITS) have shown great potential in smart cities in recent years. Using information processing and communication technology, ITS significantly improves the quality of urban traffic operation and service. Autonomous vehicles (AVs), a key component of ITS, are […]

January 24, 2024

Truckload carrier Covenant Logistics Group beat fourth-quarter expectations for profit and revenue, “despite the lingering weakness in the overall freight environment,” according to Tripp Grant, executive vice president. Chattanooga, Tennessee-based Covenant (NASDAQ: CVLG) reported fourth-quarter earnings after the market closed […]

January 24, 2024

In a most recent move for shipping data providers, multinational tech corporation ABB has acquired the shipping business of weather and meteorological forecasting specialist DTN. ABB acquired the shipping business of DTN Europe and DTN Philippines expanding the company’s offering […]

January 23, 2024

Efforts to build an international container terminal at the Port of New Orleans capable of handling ultralarge container vessels got a boost Monday from the federal government. The port announced it was awarded an additional $226.2 million grant to assist […]

January 22, 2024

Both inland ports at South Carolina Ports handled a record number of containers in the last year with Inland Port Greer moving 175,873 containers, translating to a 26% year-over-year growth and Inland Port Dillon increasing its volume by 55% to […]

January 22, 2024

Port of Oakland saw its container volumes decrease by 11.6% to 2,065,709 TEUs with full containers declining by 10.1% to 1,574,444 TEUs in 2023. “2023 finished strong,” pointed out Port of Oakland Maritime Director Bryan Brandes, adding, “Carrier on-time performance […]

January 18, 2024

The queue of ships waiting at both ends of the Panama Canal stands at just half the historical average since the waterway expanded back in 2016, highlighting the dramatic shift in seaborne trades in the western hemisphere seen in recent […]

January 18, 2024

New car sales in Europe rebounded by 13.9 percent in 2023 as electric vehicles overtook diesel for the first time, an industry group said on Thursday. Sales of new electric cars shot up by 37 percent year-on-year and accounted for […]

January 17, 2024

The Tennessee Department of Transportation (TDOT) recently awarded more than $46 million through three grant programs to communities statewide to support multimodal investments in walking, biking, and transit. “Increasing safety, promoting healthy lifestyles, and providing improved access to our cities […]

January 17, 2024

The Red Sea exodus is gaining traction in multiple sectors with Egypt coming to terms with the fact that it will take a very big hit in revenues generated from Suez Canal transits this year. Suez Canal transits generated $10.25bn […]

January 16, 2024

Brad Jacobs, serial entrepreneur and executive chairman of XPO Logistics, launched his book on Monday, enticingly titled, “How to Make a Few Billion Dollars.” In this, his first book, Jacobs describes the many good and sometimes painful lessons he has […]

January 11, 2024

A new federal watchdog report criticizes the U.S. Department of Transportation for not properly documenting how it prioritizes funding for major infrastructure projects involving highways, ports and freight rail — but DOT disagrees with the assessment. The report, published and […]

January 10, 2024

In the ever-changing landscape of smart city innovation, researchers have introduced the Residual Spatial-Temporal Graph Convolutional Neural Network (RST-GCNN), which could help users find an on-street parking space more efficiently. The work is published in the International Journal of Sensor […]