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The post Daily Infographic: How successful is Tesla? appeared first on FreightWaves.
The owner and operator of the Dali, the cargo ship that struck the Francis Scott Key Bridge in Baltimore, are asking a federal court to limit their liability in the disaster that collapsed the bridge and killed six people. Grace Ocean, the owner of the Singapore-flagged Dali, and Synergy Marine, the manager of the ship,…
Throughout history, trade routes have played a vital role in shaping the world’s economic and cultural landscape. Today, numerous routes exist throughout the world, keeping societies running. But how did this all start? It began with one trade network during the Han Dynasty in China and lasted for 1,500 years. The Silk Road was a…
FedEx Corp. is laying off an undisclosed number of workers across the organization, despite posting stronger-than-expected quarterly results last week, as the company strives to hit targets for right-sizing the company. Meanwhile, parcel delivery rival UPS (NYSE: UPS) will eliminate more than 300 positions at its regional air hub in Ontario, California, because of slower…
Sweden’s Volvo Group reported a 10% increase in fourth-quarter sales and mostly positive financial metrics for Q4 and 2023. But the truck, bus and construction equipment maker suggested softening sales this year as pent-up pandemic demand has largely been met. Volvo posted net income of $1.16 billion, or 59 cents per diluted share, in the…
One of the earlier scenarios for container shipping’s 2023 peak season went like this: Importers would get cocky and keep much of their business in the spot market. Shipping lines would heavily curtail trans-Pacific transport capacity. America’s inventory overhang would evaporate just as holiday imports ramped up. Spot rates would jump — just as they…
Longpoint has acquired a cluster of industrial-logistics properties totaling 1.4 million square feet across 12 locations in the Miami and Fort Lauderdale, Florida, areas. The Boston-based real estate private equity firm acquired the 25-building industrial portfolio for $262 million from Pennsylvania-based Seagis Property Group. Longpoint officials said the acquisition expands the company’s presence throughout several…