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Tag: transportation


Shipping

Poor trailer space utilization continues in 2023

May 23, 2024

Via: FreightWaves

Flock Freight recently released its yearly study, which looks at how market conditions are affecting the industry in partnership with Drive Research. The report is based on survey data that included 1,000 transportation decision makers from various industries. The study […]


Shipping

Borderlands Mexico: DP World launches Mexico-to-US intermodal rail service

May 21, 2024

Via: FreightWaves

Global container terminal operator DP World is launching an intermodal service to transport finished vehicles by rail from Mexico to the United States and Canada. The company said it will implement an industry-first solution based on using 53-foot intermodal containers […]


Impact & Regulations

Massachusetts DOT announces $37M in regional public transportation grants

May 21, 2024

Via: Transportation Today

On Friday, the Massachusetts Department of Transportation (MassDOT) announced it had awarded $37 million in grant funding available to support regional public transportation. The funding will be used to invest in vehicles, fleet electrification and transit services, authorities said. Funding […]


Shipping

Mitsui backs maritime investment fund to support sustainable shipping

May 20, 2024

Via: Offshore Energy

As informed, the company will invest through intermediate companies, together with Mitsui & Co. Alternative Investments Limited, a subsidiary of Mitsui. “This strategic move aligns with our commitment to meeting diverse international maritime needs while promoting stable and sustainable supply […]


Impact & Regulations

CDL truck driving school shutters operations, files for bankruptcy

May 20, 2024

Via: FreightWaves

A CDL training school that had centers in Tacoma and Kent, Washington, as well as a third site in Portland, Oregon, has ceased operations and filed for bankruptcy liquidation. Pacific NW Professional Driving School, doing business as Toro Trucking Academy, […]


Vehicles

Electric buses enter operation in New York

May 17, 2024

Via: Transportation Today

Sixty new electric buses that will operate in routes in Queens, Staten Island and Brooklyn were recently introduced by Gov. Kathy Hochul. The buses, purchased with nearly $70 million in formula funds from the Federal Transit Administration, feature electric traction […]


Impact & Regulations

Building a strong foundation for ESG compliance

May 16, 2024

Via: Splash 247

ESG (environmental, social and governance) considerations have gone from a ‘nice to have’ to a ‘must have’ in the maritime sector, spurred on by increasing regulation and the potential for ESG to be a commercial differentiator. While regulations specific to […]


Vehicles

Trucking electrification throttled by excessive ownership costs

May 16, 2024

Via: FreightWaves

Recent releases by Ryder System and Knight-Swift highlight the growing awareness of the added costs required for fleets that face increased pressure to transition to electric vehicles. A major challenge for long-haul trucking is cost, and current incentives from the […]


Vehicles

Oceaneering on track with full-year 2024 expectations

May 15, 2024

Via: Offshore Energy

In Q1 2024, Oceaneering reported a net income of $15.1 million on revenue of $599 million, while adjusted net income was $13.9 million, reflecting the positive impact of $2.2 million in foreign exchange gains, and the associated $0.8 million of […]


Impact & Regulations

17 states sue to block California’s Advanced Clean Fleets rule

May 15, 2024

Via: FreightWaves

A group of states that loosely parallels those that filed suit last year to stop California’s Advanced Clean Trucks (ACT) rule have taken similar action against the state’s Advanced Clean Fleets (ACF) rule, seeking to stop the ACF while it […]


Impact & Regulations

Check Call: Inspections for all

May 14, 2024

Via: FreightWaves

Blitz week has arrived – although it’s not really a week, it’s only three days. May 14-16, the Commercial Vehicle Safety Alliance’s International Roadcheck takes place throughout the U.S., Canada and Mexico. Typically the CVSA picks one major area of […]


Vehicles

The true cost: Deploying electric vehicle charging infrastructure nationwide

May 14, 2024

Via: Tech Xplore

When President Biden signed the Bipartisan Infrastructure Law in 2021, he announced a goal to install 500,000 new electric vehicle chargers across the nation by 2030. The Department of Energy’s Vehicle Technologies Office has tasked the experts at Idaho National […]


Impact & Regulations

Diesel takes another hit and may be driving down broader oil market

May 13, 2024

Via: FreightWaves

With the benchmark diesel price used for most fuel surcharges down for the fifth week in a row, diesel consumers should be reveling in the fact that market trends appear to have completely thrown out concerns about the Middle East […]


Vehicles

GM’s Cruise to start testing robotaxis in Phoenix area with human safety drivers on board

May 13, 2024

Via: Tech Xplore

General Motors’ troubled Cruise autonomous vehicle unit said Monday it will start testing robotaxis in Arizona this week with human safety drivers on board. Cruise said that during the testing, it will check the vehicles’ performance against the company’s “rigorous” […]


Vehicles

Unraveling the mystery of electric trucks’ residual values 

May 10, 2024

Via: FreightWaves

The regulation-driven purchase of commercial electric trucks carry a lot of unknowns. One of the biggest is their residual value, or how much they will be worth as trade-ins. Rich Mohr, senior vice president of North America ChargePoint, said the […]


Impact & Regulations

Cass Information Systems offers working capital solution for shippers, carriers

May 9, 2024

Via: FreightWaves

Global freight solutions provider Cass Information Systems Inc. has launched Amplify by Cass, an addition to the Cass Financial Suite that helps enterprises and their freight carriers improve working capital levels. According to a press release announcing the Wednesday launch, […]


Shipping

Container ship deliveries hit new record of 1 million TEUs

May 8, 2024

Via: Container News

“In 2023, 2.3 million TEU of container ship capacity was delivered, beating the former all-time high by 37%. Year-to-date another record has been set as more than 1 million TEU has already been delivered during the first four months of […]


Impact & Regulations, Infrastructure

Legislation introduced to electrify and modernize American transportation infrastructure

May 8, 2024

Via: Transportation Today

On Monday U.S. Sen. Elizabeth Warren (D-MA) and U.S. Rep. Robert Garcia (D-CA) reintroduced legislation to electrify and modernize the transportation infrastructure across the country. The BUILD GREEN Infrastructure and Jobs Act would authorize the U.S. Department of Transportation to […]


Impact & Regulations

White House earmarks $1.5B in push for freight decarbonization

April 24, 2024

Via: Transport Dive

A step toward a zero-emissions freight sector includes adoption of zero-emissions vehicles. The initiative is allocating nearly $1.5 billion to increase use of these vehicles to transport freight as part of an overall effort to improve air quality. The largest […]


Impact & Regulations

Universal Transit: Pioneering AI to transform auto transportation

April 23, 2024

Via: FreightWaves

Universal Transit, a groundbreaking company founded by three innovative friends in New Jersey in 2020, is on a mission to revolutionize the auto transportation sector. With aspirations to raise $1.2 million through regulation crowdfunding (Reg CF) on Republic, this startup […]