Gary G Burrows
North American supply chain solution provider J.B. Hunt Transport Inc. and UP.Labs have established the Logistics Venture Lab, to explore innovation in transportation and mobility.The logistics and freight-focused lab aims to launch as many as six startups over the next three years to solve core strategic challenges within the industry. J.B. Hunt represents UP.Labs’ fourth corporate partnership, following collaborations with Porsche AG, Alaska Airlines and an undisclosed retail corporate partner.“Through ...
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FedEx Corp. recently transported six giant pandas between Atlanta and Chengdu, China, aboard a FedEx Boeing 777-F, dubbed the “FedEx Panda Express.”Four giant pandas departed Hartsield-Jackson Atlanta International Airport, on Oct. 12, and arrived at the Chengdu Research Base of Giant Panda Breeding on Oct. 13. The four China-bound pandas ...
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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 ...
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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 people where they need to ...
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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 Eden Prairie, Minnesota-based logistics service ...
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The Port of Baltimore launched double-stack rail operations to and from the port on Oct. 28, opening competitive intermodal opportunities in the Northeast and to Midwestern markets.Part of the Howard Street Tunnel Project, double-stacking capacity will bring cost efficiencies, environmental benefits and help the port grow its business by about ...
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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 Key Bridge in the Port ...
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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 associated with the import and ...
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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 from US$3 billion to US$5 ...
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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 by:• Decreases in gross revenue ...
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