Weekly Fuel Report: August 24, 2021
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August 24, 2021
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FreightWaves Classics: Fallen Flags – Illinois Central Railroad (Part 1)
There are many people interested in former transportation companies, whether they were trucking companies, railroads, airlines or ocean lines. They are called “fallen flags,” and the term describes those companies whose corporate names have been dissolved through merger, bankruptcy or…
August 24, 2021
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Maersk enters agreement for 8 methanol-powered vessels
A.P. Moller – Maersk entered an agreement Tuesday with Hyundai Heavy Industries (HHI) to build eight large dual fuel container vessels, powered by carbon-neutral methanol or very low sulfur fuel oil. The vessels are expected to save around 1 million…
August 24, 2021
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Selling autonomy: Practical realities meet fully robotic aspirations
Two approaches dominate autonomous trucking: Keep working toward a flawless system that replaces the human driver with a robot. Or market what works today and keep striving for driverless operation. All developers of high-autonomy Level 4 commercial trucks run real-world…
August 24, 2021
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Verte partners with Manifest on sustainable supply chain solution
It’s not often that consumers are willing to pay more for the same service. But that’s exactly what we’re seeing when it comes to shipping — more than half of 500 survey respondents say that they would pay 10% more…
August 24, 2021
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BMO numbers suggest trucking enjoying exceptional financial health
The numbers coming out of the transportation segment at Canada’s BMO bank show an industry whose financial position is as strong as it has been in years. BMO (NYSE: BMO), the former Bank of Montreal, purchased the transportation operations of…
August 24, 2021
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Early 2022 TL rate predictions pointing higher again
Early predictions are pointing to truckload rates being up again in 2022. The outlook isn’t overly surprising given the industry’s labor and equipment challenges, but another increase, following a large move higher in 2021, is likely to establish new highs…
August 24, 2021
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Daily Infographic: Top 5 US spots for truck-animal collisions
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August 24, 2021
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Pilot Freight buys expedited carrier to integrate e-commerce delivery
Pilot Freight Services, a logistics provider backed by private equity, announced Monday it has acquired expedited less-than-truckload carrier American Linehaul to provide intercity capacity for its growing e-commerce business. American Linehaul runs a scheduled airport-to-airport, LTL linehaul system that forwarders…
August 24, 2021
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Dangerous heat, humidity linger from Midwest to Gulf Coast
It will feel like a sauna outside as the heat index exceeds 105 degrees Tuesday in more than a dozen states. The combination of high heat and oppressive humidity began reaching dangerous levels over the weekend, spreading from the Midwest…
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