The global container shipping industry saw profits surge to more than $10 billion in the second quarter on record volumes and rising freight rates after Red Sea diversions.
Category: News
Decision on Reclassifying Marijuana to Come After Election
WASHINGTON — A decision on whether to reclassify marijuana as a less dangerous drug won’t come until after the November presidential election.
Crossword Puzzle Solution for September 2, 2024
Here’s the solution to the crossword puzzle found in the September 2, 2024 print edition.
Trucking Technology Connects the Dots for Carriers
As connected trucks rack up miles and pile up data, fleet managers can increasingly make use of the Internet of Things and artificial intelligence to access and act on the incoming information.
Connected Trucks Go Mainstream
Connected truck capabilities such as remote diagnostics and over-the-air software updates are becoming more standard and more powerful as manufacturers integrate them into their designs.
Port of Bellingham to Install Electrical Plugs for Vessels
The Port of Bellingham received a $2.8 million grant from the state of Washington for the electrification of shore power at the shipping terminal.
Biden Awards $62 Million to Help Speed Hydrogen Adoption
The Biden administration will award $62 million to accelerate development of the nation’s nascent hydrogen industry, seen as key for decarbonizing steel, cement and heavy transportation.
Canadian Rail Union Says It Filed Suit on Back-to-Work Order
The Teamsters union that represents workers at both of Canada’s largest freight railroads has filed the lawsuits it promised challenging the orders that forced employees back to work.
Private Equity Gets Rare Support From Union on Schenker Sale
Verdi, Germany’s most powerful labor union, is making the unusual move of backing a private equity firm’s bid for Deutsche Bahn’s planned $15.5 billion sale of its Schenker logistics arm.
PCE Shows Price Pressures Easing as Rate Cuts Near
WASHINGTON — An inflation measure tracked by the Federal Reserve remained low, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate,