To view more FreightWaves infographics, click here
The post Daily Infographic: Vertical farm to provide fresh herbs to retailers in Texas, Oklahoma appeared first on FreightWaves.
The post Daily Infographic: Vertical farm to provide fresh herbs to retailers in Texas, Oklahoma appeared first on FreightWaves.
Diesel prices relative to crude have held fairly steady in recent weeks, but a report by the International Energy Agency has a wary — though not apocalyptic — recap for diesel consumers on how Ukraine’s attacks on Russian refineries might end that stability. Crude and products markets are up overall in the past month. Brent,…
Modest growth in domestic e-commerce volumes plus improved aircraft utilization from network rebalancing helped Canadian airline Cargojet further stabilize performance during the first quarter, setting the table for growth this year despite lingering concerns about inflation. Cargojet (TSX: CJT) reported Tuesday that revenue of US$169 million was nearly flat year over year, while adjusted earnings…
Teamsters at less-than-truckload carrier Yellow Corp. will not be on strike Monday as previously planned. Central States Funds agreed Sunday to extend health care benefits for employees at YRC Freight and Holland. Yellow (NASDAQ: YELL) now has 30 days to pay $50 million to catch up on its benefits payments. A statement from the Teamsters…
Year-over-year (y/y) declines in freight shipments and spend continued to taper during December, according to data compiled in the Cass Freight Index. December shipments outperformed normal sequential seasonal changes, up 2.1% seasonally adjusted. That followed a 0.3% sequential increase in November. Compared to a year ago, volumes captured by the data set were off 7.2%,…
Listed tanker owners are raking in profits and doling out hefty dividends. The tanker orderbook, despite a flurry of recent contracts, is virtually barren through 2025. Yet tanker share prices have been drifting lower since early March. They dropped again on Wednesday. Tanker stocks have a “boy who cried wolf” reputation thanks to all the…
Daimler Truck completed a successful first year as a stand-alone company, increasing sales and profits, and plans to pay its first shareholder dividend. The Stuttgart, Germany-based truck, bus and van maker said it achieved its financial targets for 2022, its first year after splitting off as a separately listed company. It was lumped with Mercedes-Benz,…