Tag: shipping

May 11, 2022

Several data points provided Wednesday by logistics real estate provider Prologis showed warehouse space is likely to remain constrained for some time. A new metric, “true months of supply (TMS),” which compares current vacancies plus the development pipeline to trailing […]

May 11, 2022

Truckers will have to battle wind gusts exceeding 50 mph Wednesday and possibly Thursday across the Four Corners region and other parts of the Southwest. This will increase the risk of rollovers not only for drivers who are deadheading (hauling […]

May 10, 2022

President Joe Biden said he and his advisers are weighing whether to cut U.S. tariffs on foreign imports to try to fight inflation. “We’re discussing that right now,” he told reporters May 10 after a speech on rising prices at […]

May 9, 2022

Monday was a rough day all around on Wall Street but particularly painful for owners of ocean shipping stocks, which fell much more sharply than the broader market. Concerns over China’s economy, oil demand, Fed tightening and inflation added up […]

May 9, 2022

The benchmark Department of Energy/Energy Information Administration retail diesel weekly average price rose 11.4 cents Monday, but it is regional differences that are particularly notable. The latest price is the second consecutive week a new record has been established. Coming […]

May 6, 2022

The Surface Transportation Board has instructed four U.S.-based Class I railroads each to submit a report outlining how they expect to improve rail service. The board is also asking for additional data on operations and employment from all the Class […]

May 6, 2022

Air Transport Services Group, the air cargo industry’s Swiss Army knife, revealed that a Dublin-based contract airline with customers such as Amazon Air and FedEx has ordered five Airbus converted freighters, building on the first-quarter profit contribution of its leasing […]

May 5, 2022

Energy giant Shell reported record first-quarter earnings after a surge in oil prices, fueling calls for the British government to impose a tax on energy companies’ windfall earnings to help consumers struggling with the soaring cost of living. London-based Shell […]

May 5, 2022

The U.S. Postal Service late Thursday reported fiscal 2022 second-quarter results that included a decline in shipping and parcel volume as the pandemic-driven surge in online ordering continued to recede. Shipping and parcel revenue came in at $7.87 billion, slightly […]

May 4, 2022

Werner Enterprises posted net income of $53.7 million, or 82 cents a diluted share, for the first quarter, compared with $46.5 million, 68 cents, during the same time the previous year, the company reported May 3. The Omaha, Neb.-based freight […]