The air cargo market has started the year on an apparent tear thanks to strong e-commerce volumes out of Asia and extended transits for ocean freight being rerouted around the Red Sea conflict zone, but whether the growth is sustainable or a product of low comparisons to last year remains an open question. Last summer…
Hapag-Lloyd’s annual report for 2023 and financial results for Q4 reveal exactly how challenging the ocean container market has been for the largest steamship lines. The report, which the German container ship line released Thursday, notes that Liner Shipping revenues dropped 48.5% to 17.7 billion euros ($19.2 billion) from 2022 to 2023, and earnings before…
WASHINGTON — The Biden administration announced on Wednesday it is gaining ground on its ability to help importers and container vessel operators navigate shifts in freight flows with new information it is publishing from inland rail terminals and warehouses. The increase in timely ocean container import data being supplied by private industry into the U.S….
A bipartisan measure that would largely protect insurers from being sued directly after crashes involving trucks is on its way to Georgia Gov. Brian Kemp for his signature or veto. The state House of Representatives passed the bill 172-0 on Monday after the legislation passed in the Senate by a vote of 46-2. Backers say…
HOUSTON — At CERAWeek’s energy conference in 2023, hydrogen was all the rage. The fuel that is seen by many as eventually the only real pathway for the Class 8 trucking sector to join the energy transition away from petroleum was coming off a legislative victory in Washington with the passage of the Inflation Reduction…