Freight News
The cost of operating a truck rose marginally to reach a record US$2.27 per mile, according to the American Transportation Research Institute’s 2024 Analysis of the Operational Costs of Trucking.While the increase was only 0.8 percent over the previous year, when surcharge-protected fuel costs are excluded, marginal costs rose 6.6 percent to US$1.716 per mile, the not-for-profit research firm said.The annual report analyzes line-item costs, operating efficiencies, and revenue benchmarks ...
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Project heavy-lift carrier AAL Shipping said it successfully met all its 2023 annual targets related to environment, energy conservation, social and governance, or ESG, as detailed in its second publicly available Sustainability Report.“Despite the challenges facing the shipping sector in 2023, our commitment to sustainability ...
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Called “the gateway for freight transportation,” by one transportation official, the St. Louis metropolitan region is expecting nearly US$2.3 billion to fund infrastructure investment to advance key projects on both sides of the Mississippi River, the St. Louis Regional Freightway said.The vital logistics hub in ...
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Work progresses on Port Canaveral’s US$39 million capital improvement project to remove the existing North Cargo Berth 4 and replace it with a 981-foot-long multipurpose, multi-use wharf, expected to be completed in the fourth quarter.The existing, functionally obsolete over-the-water pier has been out of service ...
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Maersk Offshore Wind will provide installation services to the offshore wind market based on a new innovative offshore Wind Installation Vessel, or Maersk WIV.The design and concept are estimated to substantially reduce the installation time of offshore wind turbines compared to conventional methods, thereby lowering ...
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The ports of Long Beach and Los Angeles will provide US$25 million in partnership with regional air quality agencies to jump-start charging infrastructure for electric heavy-duty drayage trucks in the largest U.S. container ports.The Mobile Source Air Pollution Reduction Review Committee is leading some US$135 ...
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The Port of New Orleans said it has purchased the 210,000 square foot warehouse located at 5200 Coffee Drive in the Uptown section of its Port of New Orleans Terminal.The acquisition is supported by a new, 10-year lease with The Kearney Cos. Inc., a subsidiary ...
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Georgia Ports Authority has appointed Flavio Batista as chief commercial officer and Rob Dooley as chief financial officer, part of a succession plan put in place in 2023 for the retirement of Cliff Pyron as CCO, and Michaela Thompson as CFO.Batista joined GPA as vice ...
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Though the Georgia Ports Authority benefitted greatly from roll-on, roll-off cargoes diverted from the Port of Baltimore following the closure of that shipping channel, the Port of Brunswick is on pace to handle more than 860,000 ro-ro units at Colonel’s Island Terminal in fiscal year ...
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Port Freeport in Texas has reached a five-year lease agreement with Chiquita Fresh North America, with an option for an additional five years, which the port said marks “a milestone in their ongoing partnership.”"We are extremely excited about the continued partnership with Chiquita," said Phyllis ...
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