The Port of Virginia reopened operations at 7AM EDT Saturday, according to a report on S&P Global Platts. A spokesperson for the port suggested that their operations experienced very little damage and the impact of the storm will be minimal.
This is good news for supply-chains that depend on the Norfolk based port for inbound and outbound shipping flows. The Port has a large intermodal operation, but is more important for US coal exports, linking the coal mines of West Virginia with the global markets.
Coal is the number one commodity transported across North America, measured by ton-mile, according to the BTS. FreightWaves recently brokedown the various commodities by how many ton miles they represent.
At noon today, the Coast Guard opened the Port of Charleston. The Port of Charleston is one of the largest ports in the United States, ranking number 7 in U.S. ports and has played an increasing role in the North American freight market as imports have shifted from the West to the East.
Complete Hurricane Florence Coverage
Down Under Trucking: electric Aussies invade U.S; LNG trucking underway in Western Australia; police crackdown on dodgy waterfront truck drivers; new logistics park for Northline; Australian truck rollovers – roads full of chaos, mayhem and... pig manure.
Markets are tightening. Full implementation of sanctions on Iranian oil could make them tighter.
Ottawa aims to protect domestic businesses from high costs of tit-for-tat trade dispute with Washington.
Today on FreightWaves NOW, Market Expert Donny Gilbert gives us the national overview of volumes and rates. Sultan of SONAR, Zach Strickland hits on a theme related to seasonality especially from what’s happening in L.A.
In light of declining newspaper readership and the need to reduce costs, PCF is looking to parcel delivery providers as an alternative to traditional delivery methods. Download this complimentary white paper to read about the challenges that have led to this potential game-changer for the newspaper industry, as well as how PCF is using their logistics acumen and state-of-the-art technology to maximize reach for the newspaper industry.
Feds have exempted Wing Aviation from a block of regulations clearing way for an operating permit.
What the Truck is going on in all things freight this week? Weekly Market Update: J.B. Hunt misses analysts’ first quarter earnings and revenue estimates. Truckload carriers' first quarter results don't appear to be in jeopardy after the J.B. Hunt report. Marten Transport reports best-ever net increase of more than 30 percent in first quarter of 2019. What gets hauled to Vegas, stays in Vegas.And then on to the freight tech headlines of the week.
Coretex supplies fleet management solutions. Known for its refrigerated trailing monitoring capabilities, the company has recently expanded more into the cab with a new ELD and other services.
Peterbilt Motor Company has pledged at least $25,000 in support of the Women in Trucking Association (WIT), becoming the organization's newest gold member and expanding the existing partnership between the two.
Plus: Carbon offset accounting errors, food stamp recipients qualify for online delivery and Clarks overhauls its supply chain.