More American Shipper Headlines
Maritime
Sanctions effect begins: Crude tankers forced onto longer voyages
Russian crude restrictions are having the predicted effect on tanker trades, soaking up more vessel capacity as sailing distance lengthens.
Container News
East Coast container imports still far above pre-pandemic levels
American imports remain a tale of two coasts, with continued strength in container volumes headed to Atlantic ports.
Most Popular American Shipper Articles
Revisiting 2004 vessel accidents that turned deadly
2004: The capsizing of two vessels rocks the project cargo industry.
Air France-KLM doubles order for Airbus A350 freighters
Martinair, with the help of parent company Air France-KLM, is buying four new freighters from Airbus.
American Airlines’ cargo revenue tops $1.2B despite market slide
American Airlines generated strong cargo sales in 2022 even as market conditions deteriorated.
Freightos makes public debut on Nasdaq as SPAC market tanks
FreightTech startup Freightos is raising money through a public offering rather than seeking venture capital.
Air Canada names in-flight chief Turner to lead cargo
Air Canada is sticking with a Canadian, Jon Turner, as cargo chief after two Americans in that position left in recent years.
Amazon Air lands in India
Amazon is still investing in its air cargo network despite cost cuts elsewhere in the company. Next up: India.
Trade Compliance
As US-China relations worsen, expect supply chain chaos
Trans-Pacific trade is the foundation of American retail and industry. But souring U.S.-China relations threaten that.
Flexport juices trade finance program with $200M credit line from KKR
FreightWaves SONAR data revealed global recession months before FedEx’s earnings
Flexport taps Amazon pipeline again for operations leader
FreightWaves Classics/ Infrastructure: Blue Water Bridge is a key US-Canada crossing
Infrastructure
DOT announces $1.2B for 9 ‘megaproject’ winners
Freight projects around the U.S. too large for traditional federal grants have received a major cash infusion.
Daimler built excess electric truck capacity in ‘22
Paccar takes deliberate approach to electrification
Forum Mobility in $400M JV for electric truck infrastructure
Collaboration must be key for railroads to thrive, experts say
Shipping + Maritime
CargoX proof of concept showcases interoperability for global trade eBOLs
“We are proud to be part of this first-in-history interoperability launch between eBOL platforms,” said CargoX founder and CEO Stefan Kukman.
Gulf Coast ports see record container volumes in 2022
Rough start to 2023 for dry bulk, tanker, gas, container shipping
White House touts easing of supply chain pressures
RoadOne taps into Houston freight corridor with acquisition
Shipper's Perspective
Shippers’ revenge is coming for truckload carriers
FreightWaves founder and CEO Craig Fuller provides insight into the state of trucking contract rates.
FreightWaves Classics: Shipping line brought fresh fruit to the Northeast in the late 1800s
2021 Shipper of Choice profile: The Home Depot
FreightWaves launches SONAR SCI Lane Acuity
Commentary: How are freight professionals adjusting to COVID-19?
Air Cargo
UPS finds way to steer through treacherous Q4 waters
UPS’ CFO warns of a “bumpy road” ahead, while its CEO extends an olive branch of sorts to the Teamsters ahead of contract talks.
Hawaiian pilots land lucrative cargo contract ahead of new Amazon service
United Airlines’ cargo revenue exceeds $2B despite weak peak season
Chinese e-commerce logistics company Zongteng inaugurates Paris air route
Delta sets cargo record by a nose during difficult 2022
Fuel
Benchmark diesel price up, but futures markets take big downturn
The benchmark diesel price used for most fuel surcharges increased this week, but trends are pointing lower.
The Light Load: 1 pork platter, hold the Louisiana Light Sweet
DOE/EIA price drops; diesel futures up ahead of EU ban on Russian imports
Marine fuels boosted diesel prices in 2022, but future impact unclear
Georgia ends motor fuel tax holiday
Rail
Iowa bill seeks to limit length of freight trains
A bill before the Iowa Legislature seeks to restrict the length of freight trains operating in the state to 8,500 feet.
Feds say merger of 2 rail giants would cause ‘adverse’ noise pollution
A leading federal regulator says a merger between Canadian Pacific-Kansas City Southern would ratchet up rail noise.
GATX optimistic about 2023 despite macroeconomic uncertainties
Rail car manufacturer and lessor GATX sees a strong secondary market and continued demand for rail cars to help support the company this year.
STB response on UP service limited; agency won’t delay arbitration program
The Surface Transportation Board recently took action on Union Pacific’s use of embargoes in the Midwest and rejected the Class I railroads’ request to delay a program related to smaller rate disputes.
Norfolk Southern’s industrial development investments valued at $3.2B
Norfolk Southern and partnering companies were involved in 159 industrial development projects in 2022 worth $3.2 billion.
CSX expects service gains will bolster railroad during economic downturn
Like the other Class I railroads, CSX is bracing for macroeconomic headwinds in 2023. But continuing service improvements will lend support to the company, executives said during CSX’s fourth-quarter earnings call.
Norfolk Southern bracing for economic headwinds
Inflation and other macroeconomic headwinds figure into Norfolk Southern’s projections for 2023. Volume growth is also a big unknown, executives said during NS’ fourth-quarter 2022 earnings call Wednesday.
CN will focus on improving velocity, finding customers where capacity available
CN will adjust its operating plan to run faster and potentially shorter trains and concentrate on courting customers where network capacity is available, executives said on the railway’s fourth-quarter 2022 earnings call.
UP vows to improve service, craft employees’ quality of life in 2023
On Union Pacific’s list of resolutions for 2023 are plans to improve rail service, enhance quality of life for craft employees and achieve productivity gains, according to executives on the railroad’s fourth-quarter 2022 earnings call Tuesday.
Midwest lawmakers call on regulators to halt Union Pacific embargoes
Eight U.S. representatives from Iowa and Minnesota want the Surface Transportation Board to require Union Pacific to fix service issues and lift weather-related embargoes in the region.
FreightWaves News
CEO of ELD ONE vows to fix platform after FMCSA revocation
After a notice Tuesday by the Federal Motor Carrier Safety Administration that it is revoking an electronic logging device — TMS ONE’s ELD ONE — from its list of self-certified ELDs, CEO Radu Murzac says the company is working on a fix and plans to have the “final issue” resolved in less than two weeks.
Old Dominion appoints new president and CEO
FedEx Ground creates 3-tier grading system for driver contractors
FMCSA proposes new requirements for driverless trucks
Shippo earns FedEx’s first-ever Platform Account
More centers, more opportunities for more money: Walmart offers more driver training
NHTSA fines Volvo Group $130M for slow reporting of recalls
For shippers, flexible operators key during slowdown and preparing for growth
FreightWaves reports 67% growth in 4th quarter revenues
Link Logistics Q4 update highlights strong final-mile real estate demand
Last-mile startup Arrival cuts 800 jobs as it seeks survival
It’s not your grandfather’s NMFTA
Bombs, beans and coffee branding with military logistics – WTT
Saia’s 6.5% GRI outpaces LTL peers
