In 2023, the Port of New Orleans (Port NOLA) recorded 20,500 container moves through its container-on-barge service, the most since the program began in 2016. This service — a collaboration with the Port of Greater Baton Rouge and Ingram Marine Group — forms the largest network of its kind in the U.S. It offers an…
The benchmark diesel price used for most fuel surcharges rose a relatively small amount Monday even as the futures price for ultra low sulfur diesel continued to climb sharply. The average retail diesel price published by the Department of Energy/Energy Information Administration rose 2.4 cents a gallon to $4.028. The increase came after three consecutive…
Rising costs on nearly every line of a carrier’s income statement have compressed truckload margins, forcing fleets to come up with ways to protect profits. The use of solar energy to power tractor cabs is one such solution. The improvement in solar panel technology in the past couple of years has led to increased adoption…
The supply chain ripples caused by pandemic bottlenecks are being felt along the U.S.-Mexico border as nearshoring intensifies. Cross-border logistics continues to gain attention as large multinational corporations move their operations to Mexican border regions, creating additional demand for warehousing space, manufacturing facilities, transportation capacity and providers to manage shipments. While creating warehouses and manufacturing…
U.S. liquefied natural gas exporter Venture Global LNG, which is involved in multiple legal fights with clients, has announced it is building a large fleet of LNG-powered vessels. Venture Global’s fleet will include nine vessels. Six will have a cargo capacity of 174,000 cubic meters and three a cargo capacity of 200,000 cubic meters. The…