Mass diversions of container ships around Africa’s Cape of Good Hope caused spot rates to surge, but the Red Sea effect has a limit, which may have already been reached. Upward momentum has slackened. Rates in most lanes have leveled off. Several indexes for European lanes have pulled back. The Shanghai Containerized Freight Index (SCFI)…
A Texas-based trucking company has filed for bankruptcy liquidation four days before a wrongful death civil trial filed by the family of one of its former drivers who drowned in 2016 was slated to start in El Paso County, Texas. J.J. & Sons Logistics, doing business as JJ Transport, of Clint, Texas, filed its petition…
Startup electric truck infrastructure developer WattEV won’t say how much money it has raised from investors. But its stunning accumulation of grant money is a bigger story. “It’s one of the things that definitely sets us apart,” co-founder and CEO Salim Youssefzadeh told me about his private company’s grant hoard. WattEV took in the largest…
With global shippers seeking more routing options, Bison Transport recently announced an agreement with Canadian Pacific Kansas City (CPKC) to deliver intermodal transportation services across North America. The partnership will utilize the railway’s north-south corridor connecting Canada, the U.S. and Mexico, and Winnipeg, Canada-based Bison Transport’s 3,000 tractors and 10,000 trailers. “Bison Transport and CPKC…
By Bart De Muynck The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. The bustling ports of Los Angeles and Long Beach, California, gateways to the American consumer market, have become notorious for chronic congestion. But in January 2024, the logjam will reach…