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The post Daily Infographic: Biofuels are displacing petroleum-based distillate fuel oil consumption on the West Coast appeared first on FreightWaves.
The post Daily Infographic: Biofuels are displacing petroleum-based distillate fuel oil consumption on the West Coast appeared first on FreightWaves.
German transport and logistics giant Deutsche Post DHL Group (OTCUS: DPSGY) reported on Wednesday lower results in its fiscal 2023 first quarter, with revenue of $23.1 billion, down from $24.94 billion in the same period a year ago, operating profit down 24.1% to $1.77 billion and operating margin down to 7.8% from 9.6%. The marked…
U.S. and U.K. airstrikes on Houthi positions in Yemen have not made the Red Sea any safer for shipping. “Red Sea issues are getting worse, not better,” said Stifel shipping analyst Ben Nolan. The dry bulk carrier Gibraltar Eagle, owned by Connecticut-based Eagle Bulk (NYSE: EGLE), was struck by an anti-ship ballistic missile in the…
On the day the legal battle between the founding family of Pilot Travel Centers and its current owner Berkshire Hathaway was to go to trial in Delaware, the two sides reached a settlement. In a brief statement released early Monday, a spokeswoman for the Haslam family said the two sides had reached a deal and…
Anybody working in the supply chain will tell you that moving freight across the ocean is complex and often full of unpleasant surprises. Transportation from a manufacturer in Asia across the Pacific Ocean to arrive ultimately in a rural community in the Midwest, for example, requires multiple players and modes of transportation, which inevitably introduces…
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to FreightWaves’ Rachel Premack about Yellow’s last stand, the cost of a UPS strike and the Las Vegas Sphere. Freight Grim Reaper Henry Byers, who famously called last year’s ocean market collapse, has a new report and it’s not looking good. We’ll learn why ocean…
In the world of news, disasters and wars garner headlines for a while, which fuels anxiety and, as a result, increases supply chain uncertainty and freight rates. But after a certain point, once the news cycle exhausts the angles and the disruption is part of the norm, it becomes part of the background noise. Society…