Tag: shipping

December 1, 2022

EU institutions have hammered out a preliminary agreement to include shipping within the scope of the emissions trading system (ETS). Under the deal struck late Tuesday evening, all ships of 5,000 gt and over within the EU will be required […]

November 30, 2022

Truck Supply Co. of South Carolina announced its expansion into the St. Louis market with its purchase of Tractor Trailer Supply. Both companies are members of HDA Truck Pride, North America’s largest independent provider of parts and services to the […]

November 30, 2022

Nearly 115,000 railroaders were closely following two votes Wednesday in the U.S. House of Representatives after President Joe Biden called on Congress to immediately pass legislation to avert a rail strike. The House voted 290-137 Wednesday to avert a possible […]

November 29, 2022

With a Dec. 9 deadline looming to reach an agreement on a nationwide freight rail contract, President Joe Biden is asking Congress to intervene in the dispute, which threatens to severely damage the U.S. economy. “As a proud pro-labor president, […]

November 28, 2022

U.S. trucking is entering a tumultuous period that will likely reshape the $875 billion industry. Shipping rates that spiked during disruptions caused by the pandemic have plummeted — some are now calling it a “freight recession” — as inventory gluts […]

November 23, 2022

Daily ocean container departures from China to all ports globally have taken another step down, according to data in FreightWaves SONAR Container Atlas, falling to minus-22% year over year on Wednesday. Ocean container departures from China mounted a recovery following […]

November 21, 2022

Consumers are used to paying sales taxes in their local stores. Within the past few years, many started paying taxes on items bought online as well. The collection of sales tax on e-commerce purchases is referred to “economic nexus.” According […]

November 21, 2022

A regulation that would require intrastate carriers in California to be equipped with ELDs is open for a comment period by the California Highway Patrol, with a projected in-service date for the rule at the start of 2024. Unlike other […]

November 21, 2022

The trucking industry has its fair share of challenges right now — from high fuel prices to worker shortages. One solution to help ease some pressure may lie in pursuing government tax incentive programs, such as the Work Opportunity Tax […]

November 21, 2022

Pacific Environment’s Ports for People campaign has launched a new initiative to assess port progress towards zero-emission shipping, P4P RePORT Cards. As explained, the initiative aim to hold ports accountable for shipping emissions and encourage leadership towards zero-emission ports and […]

November 21, 2022

Carrier rewards programs have become popular in recent years. These programs are typically intended to foster goodwill between shippers or brokers and their transportation partners, especially during times of market volatility and general unpredictability. While these programs often reward carriers, […]

November 18, 2022

The trend is clear. Used truck prices continue to fall across almost all years and models as new truck manufacturers gain an upper hand over supply chain disruptions. So, those who purchased a used truck at a sky-high price a […]

November 18, 2022

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, reported net income of $31.7 million and net income attributed to common stockholders of $30.3 million for the third quarter of 2022. […]

November 17, 2022

As a group, they spoke highly of major expansion projects the port has undertaken in recent years, such as a project to enlarge the ship channel up Mobile Bay and to open up container rail traffic directly from the port […]

November 17, 2022

This holiday shipping season is expected to be marked by fewer delays and disruptions compared with the past two years, thanks to early freight movements, a flattening of volume and increased capacity, experts said. “That concern over supply chain consistency […]

November 17, 2022

A little over a year after the New York City Council approved a legislative package aimed at improving working conditions for app-based delivery drivers, city officials are following through on one of the legislation’s key provisions. Uber Eats (NYSE: UBER), […]

November 16, 2022

Euroseas Ltd., an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced its results for the three and nine-month periods ended September 30, 2022. Third Quarter 2022 Financial Highlights: Total net revenues of […]

November 16, 2022

After a series of weeks with minimal to none activity, tonnage availability has finally began to filter through to the ship recycling market. However, not many scrapyards are willing takers. In its latest weekly report, shipbroker Clarkson Platou Hellas commented […]

November 15, 2022

The national average price of diesel dipped 2 cents to $5.313 a gallon, according to Energy Information Administration data released Nov. 14. A gallon of diesel now costs $1.579 more than it did at this time in 2021. Of the […]

November 15, 2022

84% of shipping traffic goes through Europe, China and the US. If these economies were to regulate ships calling at their ports, they could decarbonise the lion’s share of the industry without the IMO, according to T&E, a European umbrella […]