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…
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…
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…
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…
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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…
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…
President Joe Biden’s executive order targeting the maritime and railroad industries, among others, calls for enhancing competition for shippers. One of the issues that the July order directs the Surface Transportation Board to examine is reciprocal switching. The board can…
The weekly Department of Energy/Energy Information Administration average retail diesel benchmark price posted its biggest decline since late March. The price posted Monday declined 3.2 cents/gallon to $3.324/gallon. It’s the largest decline since a 3.3 cents drop on March 29,…
A review board that advises federal regulators on medical standards for truck drivers recommends stricter standards for drivers with vision loss than originally proposed. The Federal Motor Carrier Safety Administration’s Medical Review Board (MRB), a five-member panel of physicians that…
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