Renewable diesel on the rise

On this segment of Drilling Deep, FreightWaves’ John Kingston is joined by Matt Leuck, Technical Manager of Renewable Road Transportation at Neste. Leuck puts his engine, fuel and equipment expertise to use to support Neste MY Renewable Diesel’s position as a solution to effectively reduce greenhouse gas emissions from heavy duty sectors. Renewable diesel and…

Maersk: Downturn on predicted course, liners acting ‘rationally’

Pain during shipping downturns is often self-inflected by the industry itself. A scramble for market share spurs a rate spiral; too many ship orders compound the losses. Maersk CEO Vincent Clerc maintained on Thursday’s conference call that liners are avoiding at least some of these self-inflicted wounds. Clerc said ocean carriers are managing capacity fairly…

Flexport acquires Shopify’s fulfillment business

Digital-oriented freight forwarder Flexport has agreed to acquire the logistics arm of publicly traded Shopify Inc. and Deliverr, the tech-enabled shipping services provider Shopify bought last year for $2.1 billion, moving the emerging import-export firm into e-commerce fulfillment and last-mile delivery. In exchange for its fulfillment assets, Shopify will receive a 13% stake in Flexport…