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Tag: shipping


Impact & Regulations

EU agrees preliminary ETS deal for shipping

December 1, 2022

Via: Splash 247

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 […]


Shipping

Truck Supply Co. of South Carolina Acquires Tractor Trailer Supply

November 30, 2022

Via: Transport Topics

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 […]


Shipping

Rail workers frustrated, hopeful as Congress moves to avert strike

November 30, 2022

Via: FreightWaves

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 […]


Impact & Regulations

Biden Ready to Urge Congress to Intervene in Freight Rail Fight

November 29, 2022

Via: Transport Topics

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, […]


Shipping

Shipping Prices Fall in Inventory Glut, Upping Broker Deals

November 28, 2022

Via: Transport Topics

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 […]


Shipping

China’s outbound container volumes take another step down

November 23, 2022

Via: FreightWaves

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 […]


Impact & Regulations

GAO to Congress: It’s time to standardize e-commerce sales taxes

November 21, 2022

Via: FreightWaves

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 […]


Shipping

ELDs coming to California intrastate trucking in 2024, trailing rest of US

November 21, 2022

Via: FreightWaves

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 […]


Shipping

Perspective: Tax Credits Available for Trucking

November 21, 2022

Via: Transport Topics

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 […]


Shipping

New initiative launched to encourage ports to accelerate zero-emission efforts

November 21, 2022

Via: Offshore Energy

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 […]


Shipping

Trucker Tools’ loyalty program rewards drivers, not carriers

November 21, 2022

Via: FreightWaves

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, […]


Shipping

Used truck prices fall as OEM supply chain clears

November 18, 2022

Via: FreightWaves

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 […]


Shipping

Diana Shipping Inc. Reports Third Quarter Net Income of $30.3 Million

November 18, 2022

Via: Hellenic Shipping News

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. […]


Shipping

Federal Maritime Commissioners Praise Growth at Port of Mobile

November 17, 2022

Via: Transport Topics

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 […]


Shipping

Trucking Industry Heads Into Smoother Holiday Season

November 17, 2022

Via: Transport Topics

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 […]


Shipping

NYC proposes $24 minimum wage for app-based delivery drivers

November 17, 2022

Via: FreightWaves

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), […]


Shipping

Euroseas Ltd. Says Container Shipping Rates Declined by almost 80% in Two Months

November 16, 2022

Via: Hellenic Shipping News

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 […]


Shipping

Ship Recycling: Tonnage Availability Improves, But Few Takers on Hand

November 16, 2022

Via: Hellenic Shipping News

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 […]


Impact & Regulations

Diesel Dips 2¢ to $5.313 a Gallon

November 15, 2022

Via: Transport Topics

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 […]


Shipping

T&E: 84% of global shipping emissions could be slashed without ‘ineffective’ IMO

November 15, 2022

Via: Offshore Energy

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 […]