Business
Drewry, the independent maritime research consultancy, has introduced Breakbulk Sea Transport Indices for project and general cargo vessel segments, to “better reflect the nuances of the multipurpose sector.”The new indices, which replace the previous Multipurpose Time Charter Index, highlight the relative strength of project cargo, with carriers in this niche vessel segment experiencing a stronger market than general cargo since the “Covid boom,” Drewry said.“With further increases in project cargo ...
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The U.S. Department of Transportation’s Federal Railroad Administration, or FRA, has awarded more than US$2.4 billion in Bipartisan Infrastructure Law funding for 122 rail improvement projects in 41 states and Washington, D.C.These projects will make rail safer, more reliable, and more resilient, getting goods and ...
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C.H. Robinson has created technology that reads incoming email then automates tasks a person would do across the entire lifecycle of a freight shipment: from price quote, to accepting a load, to setting appointments for pickup and delivery, to checking on the load in transit.The ...
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The U.S. Justice Department said Oct. 24 that the owner and operator of the container vessel Dali, have agreed to pay US$102 million to resolve a civil claim brought by the U.S. for costs borne in responding to the catastrophic collapse of the Francis Scott ...
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U.S. Transportation Command, or USTRANSCOM, has awarded Trailer Bridge Inc. a stevedoring and terminal services contract for Danish ports, an indefinite-delivery/indefinite-quantity pact potentially worth more than US$60 million.Under the five-year single-source contract, Trailer Bridge will be responsible for providing all stevedoring and related terminal services ...
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A.P. Moller - Maersk has upgraded its full-year guidance for 2024, due to a third quarter operating profit of US$3.3 million, based on preliminary unaudited figures, the shipping giant said Oct. 21.APMM now expects full-year 2024 operating income of US$5.2 billion to US$5.7 billion, up ...
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J.B. Hunt Transport Services Inc. reported third quarter net earnings of US$152.1 million, down early 19 percent from US$187.4 million in the year-earlier period.Operating revenue slipped 3 percent in the latest quarter to $3.07 billion, which the Lowell, Arkansas-based motor carrier said was primarily driven ...
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Transits of the Panama Canal dropped 29 percent in the Panama Canal Authority’s fiscal year 2024, which ended Sept. 30, reports Simon Heaney, Drewry’s senior manager, container research.Transits of the Central American cut-through reached 9,936 in FY2024, down 29.4 percent from the 14,080 transits in ...
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Descartes Systems Group, a leading provider of on-demand, software-as-a-service solutions, said it has acquired Sellercloud, a provider of omnichannel ecommerce solutions.New-Jersey-based Sellercloud supports small and mid-market retailers, distributors, wholesalers, and manufacturers. Its Inventory Management Solutions and Order Management Solutions (IMS/OMS) help customers synchronize, plan and ...
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U.S. Surface Transportation Board has approved applications from CSX Corp. and Canadian Pacific Kansas City, or CPKC, to acquire rail lines operated by Genesee & Wyoming Inc.’s Meridian & Bigbee Railroad.
The approval, effective Nov. 16, allows creation of a new direct CPKC-CSX interchange ...
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