Tag: shipping

February 26, 2021

Nikola Corp. shares slipped after the company cut projected output of its first commercial zero-emission vehicles and said it may seek to raise more capital to invest in facilities such as a planned hydrogen-fueling network. The startup now expects to […]

February 25, 2021

Findings from a Motor & Equipment Manufacturers Association (MEMA)-commissioned study determined the vehicle supplier industry continues to be the nation’s largest manufacturing sector. The IHS Markit analysis showed automotive and commercial vehicle suppliers directly employed 907,000 workers domestically in 2019. […]

February 18, 2021

A second winter storm this week slammed parts of the South Wednesday. Several more inches of snowfall, along with some sleet and freezing rain, hit from Texas to the Tennessee Valley. This storm will impact trucks, trains and ships from […]

February 18, 2021

The incident took place near Japan on February 17th, 2021, while the boxship was en route from Xiamen, China, to Los Angeles, California. “The preliminary advice from the vessel operator suggests that several hundred containers have been lost overboard, although […]

February 16, 2021

The industry body is aware that the endavour would cost millions of dollars, however, the ITF believes this is the right thing to do. MSC has set an example for the industry with the recent solution for crew relief of […]

February 15, 2021

In a fleet status report published last Friday, Transocean said that, as of 12 February, the company’s total backlog was approximately $7.8 billion. When it comes to new deals, the fleet status report shows that Petrobras exercised a 680-day option […]

February 12, 2021

Companies that depend on freight transportation to fulfill core business functions could report disappointing quarterly results due to staggeringly high transportation costs. This could be the case for manufacturers of food and consumer packaged goods, according to one insider with […]

February 12, 2021

Many shippers in the e-commerce segment learned invaluable lessons in 2020 — siloed solutions don’t work well when scale and speed are a must. The same can be said for last-mile delivery operations. Siloed operations — where data, equipment and […]

February 10, 2021

For container lines, it just keeps getting better and better. Demand is hitting new highs with every passing quarter. For besieged cargo shippers struggling with overwhelmed supply chains, it just keeps getting worse and worse. Their question is: When will […]

February 9, 2021

Companies that violate U.S. supply-chain rules around inundated American ports may be penalized, according to a key maritime regulator in Washington who is pushing the fragmented freight industry to work more closely to address the nation’s unprecedented bottlenecks. Rebecca Dye, […]