Transportation and shipping
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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A new wave of Uk port labor strikes starts, with ‘massive impact’ for Xmas offer chain
A putting dockworker on a picket line exterior the Port of Liverpool in the course of a strike in Liverpool, Uk, on Tuesday, Sept. 20, 2022. Dockers at Britains fourth-most significant container port voted unanimously to reject their companies most up-to-date fork out offer you — and stroll off the career for two months in […]
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Ocean shipping’s major bets on likely eco-friendly, from wind electricity to methanol and liquid hydrogen
Airseas, the maritime device of France’s Airbus, has designed a gigantic, automated kite referred to as Seawing, which fundamentally tows a ship. Airseas The delivery marketplace accounts for just about 3% of the world’s overall greenhouse gasoline emissions, making as considerably artifical carbon dioxide as all the coal-fired ability plants in the U.S. combined. Continue […]
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BofA upgrades beverage company Vita Coco, citing declining ocean freight costs
Bank of America sees a stabilizing ocean freight market as a positive catalyst for Vita Coco going forward. The firm on Friday upgraded the beverage company’s stock to buy and raised its price target to $12 from $10. The stock jumped more than 17% Friday to trade at about $11.60 per share. The price change […]
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There’s a battle over inflation-linked pay adding to European port contagion
The growing congestion at ports in Germany and the Netherlands, which could delay car and furniture shipments to the U.S. for weeks, shows no signs of clearing up as the latest round of labor negotiations between the Central Association of German Seaport Companies (ZDS) and ver.di, the German labor union, ended with no agreement. A […]
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