More American Shipper Headlines
Maritime
How much will container lines ‘earn’ in 2023? It depends on the metric
Quarterly net losses could be around the corner for container lines, but EBITDA will stay high even if carriers dip into the red.
Container News
Imports sink again as wholesale inventories remain bloated
U.S. businesses overshot in 2022, importing way more than they needed. The hangover is in full swing, depressing 2023 imports.
Most Popular American Shipper Articles
Air cargo market may not improve even if economy does
A multitude of mixed economic signals make it difficult to predict a recovery in air cargo business this year. Even if global trade picks up, the lion’s share of shipments will go by ocean.
Boeing adds 737-800 freighter conversion line in India
Boeing is meeting customer demand by adding a facility to carry out passenger-to-cargo conversions in India. Some wonder whether the market will soon be oversaturated.
DOT approves private equity buy of Atlas Air, company says
Atlas Air has apparently cleared the final hurdle for its sale to Wall Street hedge funds.
Viewpoint: Tug of war between higher wages and inflation
More than 130,000 civil and public servants who are part of the Public and Commercial Services Union will walk out in what it is calling the largest strike in civil service in decades.
Cargo influences British Airways to use big jets on European hops
IAG’s cargo division has convinced management to use larger passenger jets on some short-hop routes to capture more cargo business.
Latam Cargo launches flower flights to Los Angeles
Latam Airlines’ cargo division is diversifying routes for flower exporters with a new destination in Los Angeles.
Trade Compliance
How has state marijuana legalization affected trucking?
The American Transportation Research Institute is again investigating the safety and other impacts on the trucking industry of state-level marijuana legalization — as well as additional questions the issue raises.
As US-China relations worsen, expect supply chain chaos
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
Infrastructure
Twisting Torc Robotics toward autonomous commercialization
What does it mean to have a former Daimler Truck executive in charge of Torc Robotics? Experience guides a big mission focus
Rush-hour truck speeds slow to 36.3 mph at major bottlenecks
Airport investment firm taps former Southwest exec for cargo push
Transportation industry representatives attack infrastructure law rollout
DOT announces $1.2B for 9 ‘megaproject’ winners
Shipping + Maritime
What will power ocean vessels under IMO 2050?
A CERAWeek panel on the shipping industry complying with IMO 2050 focused on hydrogen but in an undetermined form.
NYK Line bucks trend, exits cargo airline business
Borderlands: Houston export terminal lets Temco capitalize on grain demand
Container lines still chartering ships despite drop in cargo demand
Port of Virginia eyes completion of channel deepening this year
Shipper's Perspective
Food giants cash in on ‘pet parents’ buying gourmet meals for ‘fur babies’
Dog food has become an inflation safe haven for packaged-food giants — because pet owners won’t trade down categories for their “fur babies.”
Shippers’ revenge is coming for truckload carriers
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
Air Cargo
FedEx’s Q3 cost-cut programs put it further ahead than expected
Volume weakness persists at FedEx, but cost reductions are acting as strong offsets.
Freighters flying fewer hours underscores market weakness in air cargo
Deutsche Post DHL reports strong 2022 results, moderating Q4 performance
FedEx, UPS unfazed by Boeing freighter delays over supplier snafu
Amazon Air’s new reliance on hub airports increases efficiency
Fuel
Hydrogen fuel cell maker Hyzon eyes small-scale projects to advance
Hyzon has some clouds on the near horizon, but at CERAWeek, its CEO detailed the growth the company hopes to achieve.
For 6th week in a row, DOE/EIA benchmark diesel price drops
It’s all hydrogen: CERAWeek focuses on potential fuel of the future
Another benchmark diesel price drop, but decline may be sputtering
4th consecutive weekly drop posted for benchmark diesel price
Rail
Rail Roundup: CSX, Norfolk Southern and RailState
CSX makes changes to its operational team and beefs up its industrial development program, while Norfolk Southern reaches another sick leave agreement with a union. Also, RailState names a former BNSF executive to its advisory board.
Stockholder rights law firm sues Norfolk Southern over PSR
A law firm specializing in stockholder rights wants Norfolk Southern investors to join a class-action lawsuit over precision scheduled railroading. The firm says certain PSR practices compromised safety and depressed NS stock prices.
Ohio House members introduce their version of a bill addressing rail safety
Two Congressional representatives from Ohio have introduced a rail safety that they say would build off of NTSB’s findings into the cause of the Feb. 3 derailment of a Norfolk Southern train.
Canadian Pacific announces leadership of merged company
Canadian Pacific laid out who will be in key leadership roles after the company merges with Kansas City Southern in April.
Rail shippers watching to see whether any benefits come from CP-KCS merger
Shippers and others weigh in on the Surface Transportation Board approving the railroad merger of Canadian Pacific and Kansas City Southern.
Regulators OK Canadian Pacific-Kansas City Southern merger
The Surface Transportation Board has approved merger plans between Canadian Pacific and Kansas City Southern railroads.
Norfolk Southern reaches sick leave agreements with 2 more unions
The International Association of Machinists and the Brotherhood of Railway Carmen have each reached sick leave agreements with Norfolk Southern (NYSE: NSC).
Ohio sues Norfolk Southern over February train derailment
Ohio Attorney General Dave Yost said Tuesday the state has filed a lawsuit in federal court against Norfolk Southern in order to ensure the railroad will be financially responsible for derailment costs and economic damages.
Rail Roundup: Norfolk Southern, 2 unions reach sick leave deal
A roundup of recent news items from Norfolk Southern, Union Pacific, Amtrak and the Surface Transportation Board.
Senators prod Norfolk Southern CEO on views about rail safety, PSR
A Senate hearing Thursday provided Congressional leaders a chance to grill Norfolk Southern President and CEO Alan Shaw not just on the Feb. 3 train derailment in Ohio but also on the industry’s views on rail safety.
FreightWaves News
Optimus Prime, Bloomberg and the Spartan way – WTT
On demand on WTT: World’s first and only Age of Extinction-era Optimus Prime; Bloomberg’s Lee Klaskow; Spartan 5S Services; Travelers
Yale rebrands to Yale Lift Truck Technologies, demos technology at ProMat
Walmart, Packsize collaborate on special right-sized box packaging machine
‘Crunch time’ for trucking as Q1 nears close
Convoy releases scope 3 emissions reporting to support SEC-proposed rule
Atlassys TMS integrates FreightWaves TRAC spot rates
Borderlands: Truck driver salaries in Mexico averaged $4,400 in 2023
The DFW difference in logistics real estate
Produce season likely to be weak — and it’s bad news for truckers
Analysis reveals how trillions in pandemic aid led to freight volume explosion
Environmental group raises caution flag on hydrogen’s impact as fuel
FedEx Ground game got the job done in Q3
Nimble Robotics raises $65M in pursuit of fully autonomous fulfillment network
Freight markets are stuck in the doldrums
