To view more FreightWaves infographics, click here The post Daily Infographic: Google’s Wing introduces new delivery drone with double the payload appeared first on FreightWaves.
After weeks of consistent declines, and an overall steady drop through much of 2023, the benchmark diesel price used for most fuel surcharges has hit something of a trading range. The latest average weekly retail diesel price published by the Department of Energy/Energy Information Administration was up 2.9 cents a gallon to $3.867. That marks…
The Red Sea crisis — and the Middle East situation in general — is worsening. There’s growing conviction that shipping diversions around the Cape of Good Hope will increase in scope and last much longer than initially expected. That should be good news for shipping stocks over time, due to durably longer voyage distances. The…
Port Houston sees container shipments slip in 2023 During 2023, cargo volumes moving through Port Houston’s two container terminals were down 4% year over year (y/y) compared to 2022, with a total of 3.8 million twenty-foot equivalent units handled during the year. Total steel tonnage (imports and exports) was down 14% y/y in 2023 at…
Last year was a treacherous time to be in the logistics industry. While experts are more optimistic about 2024, flipping the calendar over to January did not offer instantaneous relief. Brokers and carriers are still feeling the sting of the ongoing freight recession, and factoring companies can be critical partners during this time. This is…