Freight News

Container Rates Decline Continues, Drewry

Drewry's World Container Index, or WCI, decreased 4 percent to US$2,250 per 40-foot container the week of Aug. 31. It was the 10th consecutive weekly decline and continued to stabilize after a volatile period. The unpredictability began, Drewry said, after U.S. tariffs were announced in April, which caused rates to surge from May through early June. Subsequently, the market saw a heavy decline until mid-July, after which the downward trend lost ... [+]

Thyssenkrupp Halts Green Hydrogen Projects

Thyssenkrupp Nucera said its U.S. projects unit is abandoning those projected seen as no longer feasible due to tax and spending changes initiated by U.S. President Donald Trump. Global demand for green hydrogen had stalled amid concern among clean-tech players over what Trump's policies would ... [+]

Blue Water Switches Port Operations Fuel to HVO

Blue Water, in its efforts to reduce the company's CO2 emissions, has introduced HVO, or hydrotreated vegetable oil diesel, as fuel for port activities in Esbjerg, Aarus and Lindø, Denmark. The shipping line said its switch to HVO diesel will reduce emissions by up to 90 ... [+]

Brazil Brewer Uses Descartes Routing Solution

Descartes Systems Group, a provider of on-demand, software-as-a-service logistics solutions, said Brazil’s Grupo Petrópolis is using its routing and fleet management solution to enhance its nationwide beverage distribution operations using about 2,900 vehicles. The Descartes solution helped beermaker Grupo Petrópolis achieve a 98 percent on-time delivery ... [+]

Demand Surges for CH Robinson’s ACE Import Tool

Global logistics service provider C.H. Robinson reported a surge in demand for its ACE Import Intelligence tool, a proprietary self-serve compliance platform that gives importers greater visibility and control over their customs data. Originally developed three years ago with foresight into evolving trade conditions, the Automated ... [+]

Louisiana Ports to Collaborate on Strategy

The five deepwater Louisiana ports of Lower Mississippi River, or LMR, have entered into an agreement to develop a collaborative marketing strategy. The Port of Greater Baton Rouge, Port of South Louisiana, Port of New Orleans, St. Bernard Port, Harbor and Terminal District, and Louisiana Gateway ... [+]

Hapag-Lloyd Sees 1H Growth in Volatile Market

At its midway point in is financial year, shipping line Hapag-Lloyd saw significantly increased transport in a volatile shipping market characterized by chaotic implementation of tariffs. Germany-based Hapag-Lloyd concluded its first half with group EBITDA of US$1.9 billion, up 11.3 percent from the first half of ... [+]

GE Appliances to Invest $3B in US Operations

Haier-owned GE Appliances said Aug. 13 that it plans to invest more than US$3 billion over five years in its U.S. operations and workforce following the Trump administration's tariff policies aimed at boosting domestic manufacturing, Reuters reported. GE Appliances said the investment is aimed at expanding ... [+]

DOT Grants Advance Port of Coos Bay’s PCIP

The Oregon Port of Coos Bay has executed two major federal grant agreements with the U.S. Department of Transportation, a pivotal milestone for the Pacific Coast Intermodal Port, or PCIP, and reinforcing the growing momentum behind the region's significant infrastructure efforts. The executed grants – awarded ... [+]

Bek Succeeds Thomsen as Blue Water CEO

Thomas Bek, a 29-year veteran of Blue Water, is succeeding CEO Søren Nørgaard Thomsen, who is leaving the transport and logistics group after seven years. There has been significant development at the Danish transport and logistics group since 2018, when Thomsen took over as CEO, Blue ... [+]

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