Cargojet, which operates an extensive middle-mile air cargo network in Canada for express delivery and e-commerce companies, has increased steps to cut costs and preserve cash amid weak shipping demand that contributed to a 32% reduction in gross profit margins during the first quarter. The most dramatic step to maintain financial flexibility and match fleet…
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Maritime and logistics services company Crowley has teamed up with Canadian railway CN to provide integrated rail and ocean service between Mexico and the U.S. Midwest and Canada. The service includes Crowley’s new ocean route between the Port of Mobile in Alabama, which is serviced by CN (NYSE: CNI), and Tuxpan on the Gulf Coast…
Russia — one of the world’s top energy providers — is mired in war. The OPEC cartel is cutting production. And yet, oil prices continue to tumble, weighed by global recession fears and concerns on Chinese demand. For ocean shipping, this translates into cheaper marine fuel costs, a positive for operating margins, and much narrower…
WASHINGTON — Truck manufacturers are pushing back hard against the Environmental Protection Agency’s proposal to drastically cut carbon emissions from heavy trucks beginning in model year 2028. While fully electric, zero-emission trucks are already on the roads, original equipment manufacturers (OEMs) maintain that the biggest impediment to the EPA’s rule seeking aggressive adoption for the…