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The post FreightWaves Infographics: $8.75 million awarded in Small Shipyard Grants for 2024 appeared first on FreightWaves.
The post FreightWaves Infographics: $8.75 million awarded in Small Shipyard Grants for 2024 appeared first on FreightWaves.
A weak freight market led to a weak earnings report at Triumph Financial, the trucking-focused bank, but CEO Aaron Graft’s quarterly letter to shareholders continued to emphasize long-term strategy over short-term earnings. Graft’s letter, which this quarter ran 11 pages of text, graphs and charts, opened by labeling quarterly earnings “anemic” and said the primary…
The past few years have seen container shortages, soaring freight rates and unprecedented geopolitical events intensify market volatility, creating massive challenges for global shippers. These obstacles have persuaded FreightTech entrepreneur Graham Parker to reenter the global logistics space. He launched container rate platform Ship Angel on Monday after successfully exiting the industry when his digital…
Trailer parking near the ports of Los Angeles and Port of Long Beach is notoriously constrained and it is likely to get worse. Hoping to gain customers who struggle with this issue, some real estate developers are taking a new approach. Finding adequate facilities to park trucks and store shipping containers is difficult throughout the…
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A strong Chinese economy creates a virtuous cycle for ocean shipping. The manufacture of goods fills container ships and car carriers on the way out, and directly or indirectly drives demand for bulk commodities that fill bulkers and tankers on the way in. Exports became even more important to China’s economy in recent years as…
The ocean carrier cocktail is back and it packs a punch. Two parts canceled sailings that spice up spot rates, coupled with a stiff pour of general rate increases, leaves shippers with a dull headache and a thinner wallet. While this iteration of the cocktail is not as strong as previous ones, it is potent…