Business
Drewry, the maritime research and consultancy, said its World Container Index increased 4 percent to US$3,444 per 40-foot container the week of Nov. 7.The latest Drewry WCI composite index is 67 percent below the previous pandemic peak of US$10,377 in September 2021, but it is 142 percent more than the average 2019 (pre-pandemic) rate of US$1,420.The average composite index for the year-to-date is US$4,005 per FEU, which is US$1,162 higher ...
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The Port of Baltimore will receive more than US$147 million in U.S. Environmental Protection Agency Clean Ports Program funding to expedite decarbonization and electrification efforts at the port.The Maryland Port Administration and private partners will use the funds to purchase 213 pieces of new zero-emission ...
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An indefinite strike began 11 a.m. Halloween morning at the Port of Montreal’s Viau and Maisonneuve terminals, by the Canadian Public Employees Union (CUPE) Local 375, the longshore workers’ union.The two Termont-operated terminals are closed, with no rail, truck or ship services provided, paralyzing about ...
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Global ocean container supply chains experienced record-high carbon emission in the third quarter of 2024, due to the ongoing impact of conflict in the Red Sea, spiraling freight rates and congestion, according to Xeneta, the ocean and air freight rate benchmarking and market analytics platform.
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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 ...
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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, ...
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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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