Tag: shipping

January 26, 2024

Several labor regulations in various stages of development could have wide-ranging effects on the trucking industry this year. Trucking executives will be focused on the regulatory rules, which are poised to go into effect alongside a separate slate of equipment […]

January 25, 2024

As major container shipping lines consistently bypass the Red Sea to avoid the threat of rebel missile attacks, air cargo volumes are finally getting a boost. Preliminary data now backs anecdotal reports a month ago of businesses shifting some Asia […]

January 24, 2024

Truckload carrier Covenant Logistics Group beat fourth-quarter expectations for profit and revenue, “despite the lingering weakness in the overall freight environment,” according to Tripp Grant, executive vice president. Chattanooga, Tennessee-based Covenant (NASDAQ: CVLG) reported fourth-quarter earnings after the market closed […]

January 24, 2024

In a most recent move for shipping data providers, multinational tech corporation ABB has acquired the shipping business of weather and meteorological forecasting specialist DTN. ABB acquired the shipping business of DTN Europe and DTN Philippines expanding the company’s offering […]

January 23, 2024

China Cargo Airlines has postponed until April plans to launch scheduled freighter service to Miami, which will make it the first Chinese carrier to operate between the city and mainland China. Worldwide Flight Services had announced in December that the […]

January 23, 2024

Efforts to build an international container terminal at the Port of New Orleans capable of handling ultralarge container vessels got a boost Monday from the federal government. The port announced it was awarded an additional $226.2 million grant to assist […]

January 22, 2024

Both inland ports at South Carolina Ports handled a record number of containers in the last year with Inland Port Greer moving 175,873 containers, translating to a 26% year-over-year growth and Inland Port Dillon increasing its volume by 55% to […]

January 22, 2024

Port of Oakland saw its container volumes decrease by 11.6% to 2,065,709 TEUs with full containers declining by 10.1% to 1,574,444 TEUs in 2023. “2023 finished strong,” pointed out Port of Oakland Maritime Director Bryan Brandes, adding, “Carrier on-time performance […]

January 19, 2024

New research published in the Journal of Intelligent Transportation Systems titled “Data-driven transfer learning framework for estimating on-ramp and off-ramp traffic flows” introduces a data-driven framework using transfer learning to estimate freeway ramp flows accurately from mainline loop detector data. […]

January 18, 2024

The queue of ships waiting at both ends of the Panama Canal stands at just half the historical average since the waterway expanded back in 2016, highlighting the dramatic shift in seaborne trades in the western hemisphere seen in recent […]

January 17, 2024

The Red Sea exodus is gaining traction in multiple sectors with Egypt coming to terms with the fact that it will take a very big hit in revenues generated from Suez Canal transits this year. Suez Canal transits generated $10.25bn […]

January 16, 2024

Five NGOs – Fossielvrij, Protect our Winters, Dryade, CLAW, and Opportunity Green – have launched a legal challenge against the European Commission, requesting it to review its green investment rules on aviation and shipping. In Tuesday’s press release, Opportunity Green […]

January 16, 2024

Brad Jacobs, serial entrepreneur and executive chairman of XPO Logistics, launched his book on Monday, enticingly titled, “How to Make a Few Billion Dollars.” In this, his first book, Jacobs describes the many good and sometimes painful lessons he has […]

January 12, 2024

APM Terminals and Plaquemines Port Harbor and Terminal District (Plaquemines Port) signed a letter of intent for the construction of a state-of-the-art container terminal on the West Bank of Plaquemines Parish, Louisiana, US. “This major commitment shows the market’s tremendous […]

January 11, 2024

DHL Supply Chain announced Tuesday it now owns and operates 50 Orange EV yard trucks and is one its was to its way to owning 50 more. The first shipping company to deploy a heavy-duty Class 8 electric truck, DHL […]

January 11, 2024

A new federal watchdog report criticizes the U.S. Department of Transportation for not properly documenting how it prioritizes funding for major infrastructure projects involving highways, ports and freight rail — but DOT disagrees with the assessment. The report, published and […]

January 9, 2024

The Supreme Court has again rejected a review of the question of broker liability in a case involving the death or injury of a person struck by a truck that was booked by a 3PL. However, unlike the case of […]

January 8, 2024

Several Texas-Mexico border infrastructure developments recently received a boost after a new law took effect that speeds up the federal approval process for international cargo bridge projects. U.S. Rep. Henry Cuellar, D-Laredo, and U.S. Sen. Ted Cruz, R-Texas, led the […]

January 8, 2024

Longpoint has acquired a cluster of industrial-logistics properties totaling 1.4 million square feet across 12 locations in the Miami and Fort Lauderdale, Florida, areas. The Boston-based real estate private equity firm acquired the 25-building industrial portfolio for $262 million from […]

January 5, 2024

Truck transportation jobs continued a slow recovery from the depths of the freight recession and the job losses created when Yellow Corp. went out of business in 2023. The December figures released by the Bureau of Labor Statistics on Friday […]