WASHINGTON — Federal officials are pushing the U.S. maritime industry to submit to the government information on incidents that had nearly resulted in vessel collisions as a way to improve safety. The Safe Maritime Transportation System (SafeMTS), a database that will store voluntary “near-miss” incidents, is being developed through an interagency agreement between the U.S….
Traditional shipowning families often don’t behave like retail stock traders focused on the next few quarters. Longtime shipowners focus on building multigenerational wealth across cycles — even if they run public companies whose shareholders covet near-term gains. If a particular shipping segment is weak and vessel prices fall, family shipowners may buy in, even if…
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. U.S. carriers are white-knuckling a brutal freight market. While data suggests the industry has finally reached the bottom of its freight rate bubble, a balanced market — and the relief it will deliver…
With travel stop operator Pilot Travel Centers now 80% owned by Berkshire Hathaway, the conglomerate’s first earnings report since Berkshire took its ownership up to that level is providing a more complete look at Pilot’s finances. Pilot had been privately owned but with a 38.6% interest held by Berkshire Hathaway, acquired in 2017. The sale…
On today’s episode of WHAT THE TRUCK?!? Dooner is talking about a delivery robot viral video straight out of Hollywood. We’ll take a look at what happened to Serve Robotics’ bots when they took to the streets of Los Angeles. Yellow officially announced that it’s shutting down. General Trucking Inc. CEO Larry Long has seen…