The North American Council for Freight Efficiency (NACFE) has revisited the potential for hydrogen fuel-cell-electric trucks to meet zero-emissions targets, three years after publishing its initial findings and in light […]
“In classic Murphy’s Law fashion, shipping seems prone to misfortune,” lamented Stifel analyst Ben Nolan in the wake of Sunday’s surprise OPEC+ production cuts. “Things could not have been going more right for the tanker market” until OPEC+ gave tanker owners and investors a “poke in the eye.” “OPEC+ blindsided oil and tanker markets,” said…
The last few years have been a whirlwind for shippers as they have had to face unprecedented volumes, growing delays and record-high rates. Because of this, they have sought ways to increase visibility and reduce manual tasks and overall disruptions in order to make their supply chains operate more efficiently. Daniel Wellnitz, vice president at…
Longtime IT executive Lance Rosenzweig has been tapped by investment fund Hestia Capital to be interim CEO at Pitney Bowes Inc., the iconic shipping and mailing concern targeted by Hestia for a proxy war and a top-level management shakeup. Rosenzweig was most recently CEO of IT firm Support.com. Prior to that, he was CEO of…
The cargo airline subsidiary of A.P. Moller-Maersk, best known as a titan in ocean shipping and logistics, has commenced its first routes connecting the U.S. and China. Maersk Air Cargo announced Tuesday that it has inaugurated twice-weekly freighter service between Greenville-Spartanburg International Airport (GSP) in South Carolina and Shenyang Taoxian International Airport, as well as…