Transportation and shipping
What’s next for global economy after an ‘unusually slow’ holiday quarter: Forward Air CEO
Forward Air shares are delivering on something few companies have as the year draws to a close. The stock is beating the Dow Jones Transportation Average and the S&P 500 in the fourth quarter. The trucking and logistics company, which counts Home Depot and Delta Air Lines among its customers, receives 30% of its revenue […]
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Union Pacific pauses use of controversial freight rail embargoes
A Union Pacific freight train carries goods east near Palm Springs, California, a key link in the roadways and railways that connect the southern California metropolitan areas, as well as the busiest port complex in the nation, with the rest of the U.S. David Mcnew | Getty Images News | Getty Images Union Pacific is […]
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EU sanctions, Russian oil rate cap trigger tanker bottleneck as crude moves by way of Turkey
Buddhika Weerasinghe | Bloomberg | Getty Pictures New Turkish insurance policies procedures on oil tankers carrying Russian crude carry on to sluggish down the movement of tankers off the coast of Turkey and amongst Russia’s Black Sea ports and the Mediterranean. Sixteen vessels (none Russian-flagged) are waiting for insurance policy clearance, in accordance to MarineTraffic, […]
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Manufacturing orders from China down 40% in unrelenting demand collapse
Aerial view of containers sitting stacked at the Qinzhou Port on August 15, 2022 in Qinzhou, Guangxi Zhuang Autonomous Region of China. China News Service | Getty Images U.S. logistic managers are bracing for delays in the delivery of goods from China in early January as a result of canceled sailings of container ships and […]
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Attabotics raises $71 million as startups vie with Amazon in excess of robotic warehouse of the long run
Attabotics’ all-in-a person automated fulfillment procedure is condensed into a one vertical composition, utilizing robotic shuttles to decide goods and then supply to workers. Attabotics, a 3-D robotics provide chain enterprise, has elevated $71.7 million in new funding to proceed its force into automatizing warehouses. The Collection C round, led by Export Growth Canada and […]
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Key freight rail union BMWED extends deadline for strike that threatens U.S. economic system
A GE AC4400CW diesel-electrical locomotive in Union Pacific livery, is observed ahead of a possible strike if there is no offer with the rail employee unions, as a Metrolink commuter prepare (appropriate) arrives at Union Station in Los Angeles, California, September 15, 2022. Bing Guan | Reuters The Brotherhood of Maintenance of Way Staff Division, […]
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Wave of LNG tankers is frustrating Europe in vitality disaster and hitting pure fuel selling prices
An LNG import terminal at the Rotterdam port in February 2022. Federico Gambarini | Photo Alliance | Getty Visuals The U.S. is exporting more LNG to Europe as a end result of Russia’s war in Ukraine and cuts created to all-natural fuel materials ahead of winter, but there has been a buildup of LNG vessels […]
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Renewed risk of rail strike has offer chain administrators ramping up contingency programs
An aerial view of delivery containers and freight railway trains in advance of a feasible strike if there is no deal with the rail employee unions, at the BNSF Los Angeles Intermodal Facility rail yard in Los Angeles, California, September 15, 2022. Bing Guan | Reuters Logistics managers are dusting off their plans for a […]
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China, ‘factory of the environment,’ is getting rid of much more of its production and export dominance, most recent knowledge reveals
The container ship Emma Mærsk docked at the Dapukou container terminal of Ningbo-Zhoushan Port on August 21, 2022 in Zhoushan, Zhejiang Province. Vcg | Visible China Team | Getty Visuals China is shedding much more producing and export industry share in vital sectors to Asian neighbors, with new “Zero Covid” policies a major issue leading […]
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World supply chain woes have observed ‘huge enhancement,’ Flexport founder states
Ryan Petersen, chief executive officer of Flexport, participates in a panel discussion through the Milken Institute World Meeting in Beverly Hills, California, U.S., on Wednesday, Could 4, 2022. Bloomberg | Bloomberg | Getty Photos World wide offer chain woes have eased ahead of the holiday year, in accordance to Flexport founder and co-CEO Ryan Petersen. […]
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