News from JOC Journal of Commerce
- Maersk going it alone, so far, on policy changes to free time billing March 22, 2023Maersk in April will stop collecting detention and demurrage fees on days terminals are closed and shippers can’t pick up or drop off containers, a move yet to be followed by competing ocean carriers.
- MPV carrier Swire Projects eyes growth in Australian project market March 22, 2023New operator Swire is growing its fleet and gearing up to move cargo for the busy Australian minerals and energy markets.
- Tale of two halves as OOCL banks $10 billion net profit for 2022 March 22, 2023OOCL is so confident its balance sheet can withstand current market challenges that the carrier has returned 70 percent of its net profit to shareholders.
- ILWU Canada triggers federal intervention in contract talks with employers March 22, 2023ILWU Canada is seeking significant wage increases, while automation of cargo-handling equipment, a source of tension in past contract negotiations, will likely once again be a prominent issue.
- Knight-Swift to buy truckload carrier U.S. Xpress for $808 million March 21, 2023Knight-Swift, the largest US truckload provider, will substantially expand its reach and scalability for shippers with the purchase of U.S. Xpress, the country’s ninth-largest truckload carrier.
- New IMO rules muddying vessel strategy for MPV, heavy-lift owners March 21, 2023MPV and heavy-lift vessel owners need clarity on emissions, alternative fuels, and regulations before committing to new vessel schemes.
- Disruptions always lurking in container shipping: analyst March 21, 2023While the ocean shipping market has largely normalized after COVID-19, stakeholders would be wise to pursue a business strategy that takes operationally disruptive events into account, writes analyst Lars Jensen.
- Cash-rich ocean carriers can ride out market downturn: AlixPartners March 21, 2023Carriers can use their windfall profits of the COVID-19 era to withstand the market downturn and are investing in strategic ways to supplement core liner shipping activities.
- Proactive approach to ISPM 15 progressing despite roadblocks March 21, 2023Breakbulk shippers and logistics providers have several proposals for changes to ISPM 15 mitigation and enforcement measures pending approval from the USDA’s Animal and Plant Health Inspection Service.
- FedEx Freight cuts costs but improves profit as US LTL volumes shrink March 20, 2023With ‘every dollar under scrutiny,’ FedEx Freight is squeezing its trucking division, gaining financial improvements that better position the carrier for the next economic rebound.
- ILWU job action causing terminal gate delays in Los Angeles-Long Beach: PMA March 20, 2023Longshore workers represented by ILWU Local 13 are refusing to stagger their meal breaks at the ports of Los Angeles and Long Beach, resulting in periods when no work is being done on the docks, says the Pacific Maritime Association.
- Air cargo market weakens as capacity floods into service on major trades March 20, 2023In addition to long-haul passenger aircraft with significant belly freight capacity coming back into service to capture growing travel business, several airlines are adding freighters to the major trade lanes.
- Heavy-deck demand faltering, but long-term outlook remains strong March 20, 2023Despite a temporary lull, heavy-deck carriers and industry analysts see a “mind-boggling” outlook for global offshore wind demand.
- Not all recent import share loss on West Coast is permanent: analyst March 20, 2023As the US West Coast’s share of import TEU has fallen in recent years, analyst Larry Gross notes there is an important difference between declines due to sourcing location changes and declines due to loss of share by region.
- New IMO rule at odds with practical realities: breakbulk executives March 17, 2023Breakbulk industry executives warn new rules aimed at reducing vessel emissions could incentivize vessel operators to implement measures that increase emissions in other areas of the supply chain.
- IEPs file brief siding with ocean carriers in FMC chassis dispute March 17, 2023The independent equipment providers say upending the current business model would create additional chassis shortages and invoicing problems that would inconvenience cargo owners.
- US imports from Asia hit three-year low in February: data March 17, 2023February marked the sixth consecutive month of year-over-year declines in Asian imports, but those declines are being compared with the record or near-record import volumes that were posted in late 2021 and early 2022.
- WiseTech Global weighing US domestic tech acquisition options: CEO March 17, 2023Widely used forwarding software provider WiseTech Global will pursue further US landside logistics technology targets in 2023, its CEO says.
- Berth upgrade work sparks vessel bunching, truck buildups at India’s JNPT March 17, 2023Delays began to build after an equipment upgrade project to enhance productivity and capacity at APM Terminals Mumbai put one of its berths out of commission for six months.
- US draft legislation seeks to update OSRA-22, boost China scrutiny March 16, 2023The bill would heighten transparency into regulatory penalties levied against ocean carriers and marine terminal operators and draw a sharp line on the involvement of China-based entities in US shipping.
News from Lloyd’s List – Containers
- Shippers face conundrum over container freight contracts March 22, 2023Shippers face tough decisions over whether to lock in contract rates that are higher than spot rates. But holding off... Related StoriesGreek-owned fleet suffers rare dip in strengthCapital Product Partners signs $34m charter with ONECapital Product Partners signs new $34m charter with ONE
- Owners should welcome Greek maritime law shake up March 22, 2023‘Step in right direction’ says Reed Smith, while HFW brands changes ‘a big deal’ Related StoriesShip recycling supply falls on charter rates improvementsEuronav’s future hangs in the balance ahead of shareholder showdownWelcome aboard, UBS!
- Ship recycling supply falls on charter rates improvements March 22, 2023Improving charter rates in the dry cargo sector has begun to reduce the supply of tonnage destined for shipbreaking yards Related StoriesOwners should welcome Greek maritime law shake upEuronav’s future hangs in the balance ahead of shareholder showdownWelcome aboard, UBS!
- Capital Product Partners signs $34m charter with ONE March 22, 2023Deal brings charter coverage to 96% for 2023 and 2024 Related StoriesGreek-owned fleet suffers rare dip in strengthShippers face conundrum over container freight contractsCapital Product Partners signs new $34m charter with ONE
- Banking turbulence amplifies capital-raising difficulties for shipping March 21, 2023Huge profits earned by shipowners have lessened lending needs but finance for retrofitting vessels to manage greenhouse gas emissions targets... Related StoriesGreek-owned fleet suffers rare dip in strengthShippers face conundrum over container freight contractsCapital Product Partners signs $34m charter with ONE
- Government support will be necessary for eBL adoption March 21, 2023Momentum is growing behind electronic bills of lading. But full adoption will not be possible without public sector support Related StoriesGreek-owned fleet suffers rare dip in strengthShippers face conundrum over container freight contractsCapital Product Partners signs $34m charter with ONE
- Maersk reveals pioneering methanol boxship design March 21, 2023Trailblazing containership is expected to use very low sulphur fuel oil until arrangements have been made for the regular sourcing... Related StoriesGreek-owned fleet suffers rare dip in strengthShippers face conundrum over container freight contractsCapital Product Partners signs $34m charter with ONE
- TS Lines offloads feeder boxships for ‘above market’ price March 21, 2023Latest sales bring tally of containerships sold this year by container line operator to eight vessels, as the Taipei-based company... Related StoriesGreek-owned fleet suffers rare dip in strengthShippers face conundrum over container freight contractsCapital Product Partners signs $34m charter with ONE
- HMM boxship detained in Taiwan after collision with quay March 21, 2023No casualties or oil leak has been reported. Vessel is restricted from leaving the port even though it ‘maintains perfect... Related StoriesGreek-owned fleet suffers rare dip in strengthShippers face conundrum over container freight contractsCapital Product Partners signs $34m charter with ONE
- Welcome aboard, UBS! March 21, 2023It remains to be seen whether UBS will see shipping as ‘strategic’ or ‘non-core’ Related StoriesThe week in charts: Russia’s bulk exports to Europe drop 60% | Boxship recycling dominated by feeder ships | US-sanctioned ships don’t lose flag for longThe week in charts: Russia’s bulk exports to Europe drop 60% | Boxship recycling dominated […]
News from Container Management
- Port of Antwerp-Bruges joins forces with shipment route comparison platform March 22, 2023The Port of Antwerp-Bruges has begun offering Routescanner’s Direct Connections on its website, enabling shippers of freight forwarders to compare possible routes for container shipments. Then platform shows all available connections to Antwerp and Zeebrugge and can also instantly calculate a route’s CO2 emissions. Routescanner’s Direct Connections plug-in will replace the connectivity platforms on the […]
- Dublin Port opens public consultation on 3FM project March 22, 2023Dublin Port Company has commenced formal public consultation on the 3FM Project, which aims to deliver 20% of the port’s ultimate and final capacity required by 2040. Focused on the Poolbeg Peninsula, located on the south side of the bay, the 3FM project includes the development of the largest container terminal in Ireland and six […]
- Maersk launches Europe–China air freight service March 21, 2023Maersk has announced the inaugural flight of its air freight service with scheduled flights between Billund, Denmark (BLL) and Hangzhou, China (HGH), as it looks to add supply chain agility. The scheduled Eurasia operation commences on March 20 with three weekly flights introducing the first of three newly converted Boeing 767-300 freighters that have recently […]
- Lineage Logistics expands cold storage facility at Port of Aarhus March 21, 2023Lineage Logistics, LLC, has expanded its cold storage facility in the Port of Aarhus, Denmark, bringing its total pallet spaces to 27,500. Having added 18,000 pallet spaces, the increased capacity will provide customers – including producers of fish and shellfish – with streamlined storage for their products at a key location. Cartsen Wolf, regional vice […]
- Port of LA signs agreements with Tokyo and Yokohama ports to establish green shipping corridor March 20, 2023The Port of Los Angeles (LA) has entered into separate Memorandum of Understandings (MoUs) with both the Port of Tokyo and the Port of Yokohama to more formally collaborate on sustainability and environmental issues. Signed during the 2023 California Japan Clean Energy Trade Mission, the MoUs with the two ports call for cooperation and sharing […]
- Rise in profit for PSA despite fall in volumes March 20, 2023PSA International delivered a 13% increase in net profit last year, totalling S$1.6bn (US$1.2bn) as business acquisitions and higher storage income outweighed a slight drop in volumes. The operator handled 90.9m teu across its portfolio representing a 1% drop, with PSA Singapore contributing 37m teu and its overseas facilities handling 53.9m teu, both down 1%. […]
- ONE orders 10 new large container vessels March 17, 2023Ocean Network Express (ONE) has ordered 10 new large container vessels with a carrying capacity of over 13,700 teu to be delivered in 2025 and 2026. This new order is in line with the company’s medium-term strategy, announced in March 2022, and follows 10 vessels ordered in May 2022. ONE aims to strengthen its fleet […]
- Hutchison Ports to invest US$700m in new terminals in Sokhna and Alexandria March 17, 2023Hutchison Ports has announced it will invest a combined US$700m in two new Egyptian container terminal projects in Ain Sokhna Port and in the Port of Alexandria. The investment includes the development of a new container terminal in Ain Sokhna Port with a capacity of 1.7m teu, which will offer new technology and equipment to […]
- Baltic Hub to retrofit RTG with hybrid green energy storage solution March 16, 2023Baltic Hub has commissioned Liebherr Container Cranes to retrofit a hybrid green energy storage solution on one of its rubber-tyred gantry (RTG) cranes. The terminal, formerly known as DCT Gdansk, has 18 Liebherr RTGs at the port and the initial purchase will allow it to assess the technology with a view to further retrofitting its […]
- PSA Halifax orders eight electric RTGs March 16, 2023PSA Halifax has ordered eight new electric rubber-tyred gantry (E-RTG) cranes from Konecranes for its Atlantic Hub terminal. This purchase will expand the terminal’s handling capacity by 25% and is part of PSA’s efforts to electrify its equipment fleet, aiming to meet its sustainability and decarbonisation objectives. The new E-RTGs will arrive by the second […]
- Carrier Transicold widens range of oxygen setpoints for its active controlled atmosphere system March 15, 2023Carrier Transicold has added an expanded range of oxygen (O2) setpoints to its EverFRESH active controlled atmosphere (CA) system for refrigerated containers. It is hoped that the latest software release will help shippers transport a wider range of perishable goods, including high-value produce such as kiwis and plums, to farther and new locations. The EverFRESH […]
- Port of Savannah records second busiest February ever March 15, 2023The Port of Savannah handled nearly 395,000 teu in February, marking its second busiest February ever after 2022 according to the Georgia Ports Authority (GPA). Having handled 460,400 teu in the same period last year, port officials said that inflation, rising interest rates and high warehouse inventories are important factors in the container trade dip. […]
- New shipping emission index developed, focusing on cargo March 14, 2023Independent shipping platform Shipnext has developed a new emissions index, in an effort to address industry concerns about the International Maritime Organization’s (IMO) emissions reduction measures. Carriers including Maersk have complained that the IMO’s Carbon Intensity Indicator (CII) rating fails to incentivise cargo optimisation, and have instead called for a methodology that rewards more productive […]
- CMA CGM launches new BIGEX service March 14, 2023CMA CGM has launched its new BIGEX service, which offers Bangladesh and India a direct connection with the Gulf. Utilising a fleet of three vessels of 1,700 teu, the new weekly service will begin with m/v HONG AN that is estijmated to arrive in Chittagong, Bangladesh in early April. CMA CGM noted that sea trade between […]
- Port of Oakland call for operators to create zero-emissions equipment conversion plans March 13, 2023The Oakland Board of Port Commissioners approved an environmental ordinance, requiring that tenants which operate cargo-handling equipment (CHE) create a plan for converting CHE to zero-emissions. Barbara Leslie, port board president said: “This ordinance calls for our seaport tenants to develop a plan to reach zero emissions from cargo-handling operations. It’s a commitment to Oakland […]
- UK Major Ports Group appoints Geraint Evans as new CEO March 13, 2023The UK Major Ports Group (UKMPG) has appointed former UK government special adviser Geraint Evans as the organisation’s new CEO. Having served as a special adviser under three consecutive prime ministers – David Cameron, Theresa May and Boris Johnson –Evans will join the UKMPG in May from the global consulting firm, Stonehaven where he was […]
- PSA Mumbai to develop 6.25 MW solar farm with O2 Power March 10, 2023PSA Mumbai has announced a partnership with O2 Power for the development of a 6.25 MW solar farm, which will power the terminal with renewable energy. The solar plant will be commissioned by the end of 2023. When completed, it will provide nearly 70% of PSA Mumbai’s power, reducing the terminal’s CO2 emissions by a […]
- COSCO and OOCL utilise blockchain technology to verify safe transport of chemical cargo March 10, 2023Blockchain-based platform Global Shipping Business Network (GSBN) has collaborated with COSCO Shipping, Orient Overseas Container Line (OOCL), and the Shanghai Research Institute of Chemical Industry Testing (SICIT) to achieve a proof-of-concept in utilising blockchain technology to safely transport chemical cargo. For the carriers and subsequent transportation companies in the supply chain, hard copies or scanned […]
- DP World’s Pusan terminal to become first in the world to install Boxbay high bay storage system March 9, 2023Pusan Newport Corporation (PNC), a subsidiary of DP World, has commenced work to integrate Boxbay’s high bay storage (HBS) system, making the terminal in Busan the first in the world to implement the technology. PNC and Boxbay FZCO – a joint venture between DP World and German plant technology supplier, SMS group – have signed […]
- Elme Spreader launches three new products in its Innovation series March 9, 2023Elme Spreader has launched three new models in its Innovation series, hoping that a new design will deliver increased structural strength and reduced weight, thus increasing the life expectancy compared to previous generations. The 818, 818WTP and 857 spreaders are estimated to have an increased life expectancy of 30 % related to fatigue resistance and […]
News from CN – Container News
- Capital Product Partners announces new boxship charter deal March 22, 2023Capital Product Partners, a global ship owner, has agreed a new time charter for the 9,288 TEU container vessel Akadimos which was built in 2015 by Daewoo-Mangalia Heavy Industries, with a major liner company. The charter for the boxship is expected to commence in the second quarter of 2023 in direct continuation of its present […]
- Tanker catches fire off Portugal March 22, 2023The Maltese-flagged oil/chemical tanker Greta K suffered a fire outbreak on board and went adrift at approximately 15:30 (UTC) on 21 March, about 1.5 miles off the coast, roughly 3 kilometers from Ingleses Beach in Foz do Douro, Portugal. According to Maritime Bulletin, the fire broke out in the engine room. Tugs were dispatched and […]
- SC Ports reports second-busiest February in its history March 22, 2023South Carolina Ports (SC Ports) saw higher-than-average container traffic at the Port of Charleston in February as the state continues to attract new business. SC Ports has processed roughly 1.8 million TEUs and 978,374 pier containers so far in the fiscal year 2023, translating to a 5% decrease from the same period last year. Furthermore, […]
- Stronger financial results, lower box volumes for OOCL in 2022 March 22, 2023Orient Overseas (International) Limited, the parent company of Orient Overseas Container Line (OOCL) announced the full-year results for 2022, reporting revenue of US$19.82 billion. In addition, the company's earnings before interest and taxes (EBIT) rose to US$10.089 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) reached US$10.95 billion. Meanwhile, the profit attributable to […]
- Damen Triton IoT platform receives Bureau Veritas Type Approval Certification for Cyber Resilience March 22, 2023Damen Shipyards Group has revealed that its Triton Internet of Things (IoT) platform has received Bureau Veritas (BV) Type Approval Certification for Cyber Resilience. The system collects all practical asset data accessible from a vessel and its engines, pumps, hydraulics, alarms, and other machinery, totalling over 10,000 signals for a single vessel. This is then […]
- Shipping industry groups reach agreement on critical safety concerns March 22, 2023Cargo Incident Notification System (CINS), Confidential Human Factors Incident Reporting Programme (CHIRP), Container Owners Association (COA), International Cargo Handling Coordination Association (ICHCA) and Ship Message Design Group (SMDG) inked a Memorandum of Understanding (MOU) on 16 March for cooperation on the safety and security of global trade. The shipping industry bodies share a common goal […]
- Grimaldi, Minoan Lines and EKEV to acquire majority stake in Greek port March 22, 2023The joint venture established by the companies Grimaldi Euromed S.p.A., Minoan Lines S.A. and Investment Construction Commercial And Industrial S.A. (EKEV SA) signed an agreement with the Hellenic Republic Asset Development Fund for the purchase of a majority stake of 67% of the share capital of the Igoumenitsa Port Authority (IPA S.A.) for a total […]
- Boxship hits pier in Taiwan’s port with drunk pilot on board March 22, 2023The 6,763 TEU container ship Hyundai Tokyo hit pier 77 of the port of Kaohsiung in Taiwan on Monday (20 March), causing damage to the quayside of the port. The vessel, which also suffered hull cracks, was sailing fully loaded from the port of Ningbo in China to the island’s largest port. According to the […]
- Container movement to fall in 2023: Mizuho Bank March 22, 2023Mizuho Bank's industry research division predicts that demand for maritime container transport will fall in 2023 in a study on current supply and demand trends and short-term forecasts in key industries. Mizuho Bank believes that box movement will be slower in 2023, especially in the Asia-Europe and Asia-North America trades, due to declining consumption and […]
- Dublin Port commences public consultation on Masterplan March 22, 2023Dublin Port has opened a formal public consultation on the 3FM Project, the third and final Masterplan project required to finish the growth of the Irish port and bring it to its ultimate and final capacity by 2040. The 3FM project will produce 20% of the capacity needed by 2040 by focusing on Dublin Port […]
News from Tradewinds
- Tidewater tipped to stay hungry after raising bar with $577m Solstad deal March 22, 2023Giant US owner will likely extend its dominance in supply ship market, VesselsValue’s Rob Day believes
- Mining, steel and shipping group seeking green corridor for South Africa ore March 22, 2023Consortium including CMB, Anglo American and Tata Steel will examine options for continent’s first green route
- Greek shipowner Nicholas Lykiardopulo adds to BW Epic Kosan stake March 22, 2023Board member splashes $488,000 on more shares in LPG carrier company
- 25 injured after research ship dislodged by storm in Scottish drydock March 22, 2023Footage shows the Petrel developed severe list in Leith on Wednesday
- Private Scorpio Group in deal to manage two Yangzijiang MR tanker newbuildings March 22, 2023Scorpio official stresses order has nothing to do with shipowner Scorpio Tankers
- UK needs focused plans and investment to hit 2050 net zero shipping target, says report March 22, 2023Parliamentary committee says strategy must include funding to commercialise decarbonisation technologies
- Orient Overseas Container Line shareholders reap whopping $7bn dividend March 22, 2023But alarm bells ring over to supply of newbuildings to be delivered in coming months
- Markets turn in Braemar’s favour but focus on shipbroking is not ‘luck’, Gundy says March 22, 2023CEO stands by his decision to simplify the business
- Head of corruption-hit PDVSA appointed Venezuela’s oil minister March 22, 2023Pedro Rafael Tellechea moves after less than three months as chief of the state-run oil company
- Braemar’s James Gundy on shadow fleet deals: ‘We are playing exactly by the rules’ March 22, 2023London-listed shipbroker’s CEO follows Clarksons’ Case in ruling out transactions where ownership is uncertain
News from Transport Topics
- Norfolk Southern CEO Alan Shaw Grilled on Safety Measures March 22, 2023WASHINGTON — A bipartisan consensus that Congress should toughen railroad regulations emerged March 22 as senators heard fresh testimony on February's fiery hazardous train derailment.
- February Trailer Orders Down 2.6% Year-Over-Year March 22, 2023U.S. trailer orders fell just shy of 26,000 units in February, falling short of the year-ago total, ACT Research reported.
- Congress Addresses Freight Safety Proposals March 22, 2023In reviewing the connectivity of the country’s supply chain, the leader of the freight policy committee in the Senate called for modernizing transportation systems to improve safety.
- Work Begins to Expand Key Texas-Mexico Entry for Trucks March 22, 2023Construction has begun on a new commercial inspection and processing facility to make it easier and faster for truckers to bring freight through Anzalduas Port of Entry.
- EV Battery Aid Hangs in Balance as US Finalizes Climate Law March 22, 2023The interpretation of a regulation by the Treasury Department could upend expectations for how tens of billions of dollars in new electric vehicle tax incentives will be distributed.
- Fed Raises Key Rate by Quarter-Point Despite Bank Turmoil March 22, 2023WASHINGTON — The Federal Reserve extended its yearlong fight against high inflation March 22 by raising its key interest rate a quarter-point.
- Minnesota’s Tim Walz Signs Catalytic Converter Law March 22, 2023Minnesota Gov. Tim Walz signed legislation to crack down on catalytic converter theft in the state, the latest in a series of moves by state lawmakers to help residents combat what has become a nationwide problem.
- Transport Topics Radio March 22, 2023Transport Topics Radio is a weekly news roundtable airing Saturdays on SiriusXM channel 146 from 1-3 p.m. ET and rebroadcast Saturday nights from 11 p.m.-1 a.m. ET, and Sundays from noon-2 p.m. ET and 9-11 p.m. ET. Check out this week's lineup.
- Port Leaders to Stress Facilities’ Role in Supply Chain March 22, 2023Port leaders from around the nation will be in Washington on March 27-29 for the annual Legislative Summit hosted by American Association of Port Authorities.
- VTNA Supplier to Open North American HQ in Virginia March 22, 2023A European-based component supplier to Volvo Trucks North America is locating its new North American headquarters near the vehicle maker’s production factory in Virginia’s New River Valley — a move that the state’s governor praised for bringing a jolt to the region’s business community.
- Cooking Oil Shortage Looms as Biofuels Gain Appeal March 22, 2023A global biofuel boom is set to drive a shortage of vegetable oils — used for cooking and now increasingly to power trucks and planes — intensifying a debate over food versus fuel.
- Ford Tiptoes Toward a Big Reveal of EV Losses March 22, 2023Ford Motor Co.’s Jim Farley was told recently of a survey that found investors overwhelmingly believe legacy automakers can’t be cost competitive with Tesla Inc.
- Biden Limits US Funds for China Chipmakers March 21, 2023The Biden administration is unveiling tight restrictions on new operations in China by semiconductor manufacturers that get federal funds to build in the U.S.
- Norfolk Southern Receptive to Some New Safety Regulations March 21, 2023Norfolk Southern’s CEO is offering support for parts of a Senate bill to apply tougher safety regulations to railroads, but does not address several key provisions of the Railway Safety Act.
- Infrastructure Council Presses White House on Cybersecurity March 21, 2023At a meeting this month of the National Infrastructure Advisory Council, the group proposed a need for drills and exercises designed to enhance cybersecurity.
- FedEx Freight’s Courville Claims Louisiana Title March 21, 2023Eric Courville’s victory in the sleeper vehicle division at the Louisiana Truck Driving Championships marked the beginning of the road to the national event in August.
- Truck Tonnage Increases 2.3% in February March 21, 2023Truck tonnage in February increased 2.3% when compared with the same month in 2022 according to American Trucking Associations’ For-Hire Truck Tonnage Index, marking the 18th straight year-over-year gain and the largest since October.
- Forward Air, Kodiak Partner on Autonomous Route March 21, 2023Forward Air Corp. has partnered with self-driving trucking company Kodiak Robotics to run one of their busiest freight lanes near continuously with an autonomous truck.
- CSX CEO Joe Hinrichs Wants Rail to Carry More Freight March 21, 2023CSX CEO Joe Hinrichs says he wants to repair broken relations with union workers and customers and attract more businesses to send their freight over rails instead of roads.
- UCR Fees to Decline by 9% in 2024, FMCSA Says March 21, 2023Fees for Unified Carrier Registration Plan participants in 2024 will be reduced by approximately 9% compared with 2023 fees, the Federal Motor Carrier Safety Administration announced.
