Tag: transportation

February 2, 2023

Northern Kentucky’s footprint for logistics, distribution, transportation and cargo businesses has recently grown with three company expansions totaling $17.4 million. “Kentucky’s unique location and access to resources makes the commonwealth one of the most important distribution and logistics hubs in […]

February 2, 2023

The leader of the U.S. Senate is among senior Democrats praising the Biden White House’s management of a $1.2 infrastructure law amid renewed calls for oversight from congressional Republicans. Sen. Chuck Schumer (D-N.Y.) congratulated the administration’s role in implementing 2021’s […]

February 2, 2023

Two days do not make a trading trend. But for the second consecutive session, FedEx Corp. shares are spiking. Near the close of trading Thursday, FedEx (NYSE: FDX) shares were up nearly 6.3%, or more than $12 a share. This […]

February 2, 2023

The New York-based Greenabl Shippers Association recently launched. The association is the logistics industry’s first not-for-profit cooperative procurement group committed to decarbonization. It will help shippers address the impact of carbon dioxide in their supply chains by using technology and […]

February 1, 2023

Selected Maersk e-delivery customers in Europe will be able to register for a new tool in February to trace and analyse the emissions of their international parcels. The Danish liner giant, which entered the European e-commerce logistics market in 2021 […]

February 1, 2023

Construction recently began on phase one of the B&P Tunnel Replacement Program in Baltimore. Work includes the construction of the new Frederick Douglass Tunnel. Once completed, track speed will increase from 30 miles per hour to up to 110. “Replacing […]

January 31, 2023

Under the MoU, Baker Hughes and FFI will jointly explore potential opportunities for the scale-up and adoption of novel technology solutions for green hydrogen, green ammonia and geothermal projects. For hydrogen and ammonia development, the collaboration will leverage Baker Hughes’ […]

January 31, 2023

UPS Inc. navigated through a turbulent fourth quarter in decent fashion, posting revenues on Tuesday that were below consensus but reporting on-target adjusted operating margins and a modest year-on-year gain in diluted earnings per share that was still higher than […]

January 31, 2023

The federal government is taking the next step toward regulating highly automated trucks with a proposal that will consider requiring carriers to notify the government if they plan to operate such vehicles in interstate commerce. The Federal Motor Carrier Safety […]

January 31, 2023

Ocean Network Express said it saw a “significant deterioration” in profit — a 50% drop quarter over quarter. ONE reported that its fiscal year 2022 third-quarter profit was $2.76 billion, a $2.75 billion plunge from the $5.52 billion reported in […]

January 31, 2023

As freight demand declines and budgets tighten, hiring and retention are expected to remain a challenge for trucking in 2023, according to executives of three top U.S. trucking associations. Leaders of the Truckload Carriers Association, the American Trucking Associations and […]

January 31, 2023

Today’s global challenges mean that it is now more important that ever to encourage more passengers to choose a sustainable mode of transport. However, it is no longer enough to just provide comfort during a journey, as operators must also […]

January 31, 2023

A bill in the Iowa Legislature is seeking to restrict the length of freight trains operating in the state. The legislation was introduced in the Iowa House of Representatives on Thursday and passed a three-member subcommittee on Friday. The bill […]

January 31, 2023

The Biden administration on Tuesday announced $1.2 billion in federal funds to be distributed to nine projects qualifying for a new grant program created under the Infrastructure Investment and Jobs Act. The projects — several of which are expected to […]

January 30, 2023

The Connecticut Department of Transportation (CTDOT) is seeking proposals for its two-year microtransit service pilot program, with a possibility of two one-year extensions. Microtransit service uses a digital network to offer on-demand transportation in select service zones based on consumer […]

January 30, 2023

On Wednesday, the Port Authority for New York and New Jersey announced 2022 saw the highest cargo activity on record, with a 27 percent growth over its pre-pandemic activity. In its reports for December 2022 and the full 2022 year, […]

January 30, 2023

The company has committed a €200 million budget for the projects from its five-year $1.5 billion budget, which was launched in September 2022 to accelerate its energy transition and achieve net-zero carbon by 2050. The financing comes in support of […]

January 30, 2023

In total, FTA is awarding 23 grants across 11 states and the U.S. Virgin Islands. Grants will fund projects including replacement of old vessels, expand fleets, and build new terminals and docks. For the state of Alaska, the award means […]

January 30, 2023

Greece’s Golden Energy Management has booked up to two suezmax tankers at the South Korean yard DH Shipbuilding. Multiple brokers reported that the Restis family tanker vehicle is paying in the range of $77m for the first firm 158,000 dwt […]

January 30, 2023

Japan’s Toyota was the world’s top-selling automaker in 2022, retaining its lead over German rival Volkswagen for the third year, company data showed Monday. Despite the chip shortage and COVID-related supply chain disruption, Toyota and its subsidiaries sold nearly 10.5 […]