Tag: shipping

May 5, 2021

There’s no let-up in the booming boxship charter scene with vessels breaking further records not just in prices paid, but also durations. Nevertheless, some analysts are beginning to question how much longer the red-hot conditions can last. The crunch of […]

April 28, 2021

If last year’s proposed highway bill is a template for the upcoming version, it will mean bad news for truckers, the Owner-Operator Independent Drivers Association told the U.S. House Transportation and Infrastructure Committee in a letter this week. The trucking […]

April 26, 2021

U.S. Xpress Enterprises saw revenue and earnings growth during the first quarter of 2021, the company reported April 22. The Chattanooga, Tenn.-based truckload carrier posted net income attributable to controlling interest of $2.5 million, or 5 cents per diluted share, […]

April 26, 2021

The Biden administration on April 26 took a key step toward restoring California’s power to limit greenhouse gas emissions from vehicles and overturn a Trump-era policy that pitted the federal government against a state seeking to eventually ban conventional gas-powered […]

April 22, 2021

The U.S. Postal Service should include more electric vehicles in its new fleet than it first envisioned when it awarded a $6 billion contract to Oshkosh Corp., a U.S. senator told nominees to the service’s board. “The Postal Service has […]

April 22, 2021

Carriers are “scraping the bottom of the barrel” for available tonnage, as the percentage of the global containership fleet commercially idle and not in dry dock has fallen to just 0.8%. And according to the latest Alphaliner survey, the severe […]

April 19, 2021

Data integration provider Chain.io has raised $5 million in a funding round led by Grand Ventures and Mercury Fund. Officials for the cloud-based platform said they will use the funds to fill a number of positions in sales, engineering, customer […]

April 15, 2021

The Biden administration’s proposal to increase funding for operations at the U.S. Department of Transportation would enhance the flow of commerce and respond to concerns linked to climate change, Secretary of Transportation Pete Buttigieg told House lawmakers April 15. Ahead […]

April 15, 2021

Retail sales, including food services, increased 9.8% sequentially in March, according to Thursday Census Bureau data. The pop in sales highlights the impacts of widespread vaccinations and federal stimulus payments to consumers. On a year-over-year comparison, sales were up 27.7% […]

April 8, 2021

The international air cargo market has been on fire since last summer and the blaze is getting bigger, new figures show. The only thing dampening growth is a lack of capacity related to the severe pullback in international passenger flights. […]