At a recent online forum on energy hosted by S&P Global Commodity Insights, Richard Murphy of Ion Commodities read through a litany of jolts to oil markets that have roiled both supply and demand for several years. “Since 2020 we’ve…
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Freight Waves
Former President Jimmy Carter, key deregulator of freight transportation, dies at 100
Former President Jimmy Carter died Sunday at the age of 100. Carter was born in 1924 in Plains, Georgia, the son of a nurse and a local businessman. He served as a Naval officer for seven years before returning to…
Borderlands Mexico: Mexican government aims to regulate Asian e-commerce imports
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexican government aims to regulate Asian e-commerce imports; Emerson Electric plans $22.5M factory in Chihuahua; Chinese firm plans $20M machinery factory…
Why are shippers increasing lead times?
Chart of the Week: Outbound Tender Lead Time – USA SONAR: OTLT.USA Tender lead times last week hit their highest value since SONAR released tender data in 2018, averaging 3.76 days between tender and requested pickup. The previous high of 3.68 was set…
U.S. weekly rail traffic again up compared to 2023
This story originally appeared on Trains.com. WASHINGTON — U.S. weekly rail traffic remains ahead of 2023 levels for the week ending Dec. 21, 2024. According to statistics from the Association of American Railroads, overall traffic for the week was 523,912…
Running on Ice: A few partnerships to end the year
All thawed out (Photo: SeaCube) Reefer sustainability just got a big leg up with a collaboration between SeaCube and GreenSee. This collaboration uses “SeaCube’s green and net-zero reefer leasing options, powered by Greensee’s AI-driven CO2 emissions reporting technology,” to set…
Digital freight broker Fura acquires Pinwheel Logistics
Digital freight broker Fura announced Friday it has acquired Pinwheel Logistics. The deal marks Fura’s third brokerage acquisition. Pinwheel is a freight broker located in the Chicago area, serving the food and beverage industry. Financial terms of the transaction were…
Suez Canal revenue down 60%, but Red Sea outlook may be changing
Suez Canal revenue has plunged 60% this year, a loss of $7 billion for Egypt, amid attacks on shipping in the Red Sea and ongoing regional tensions. President Abdel Fattah al-Sisi in a statement blamed rising geopolitical challenges for the…
Panama’s president rejects Trump’s claim of Chinese interference at canal
Panamanian President José Raúl Mulino dismissed claims by President-elect Donald Trump of higher fees charged to U.S. ships to use the Panama Canal and scoffed at threats to take over the vital waterway because of Chinese interference. “The tolls are…
Hyzon becomes latest SPAC-backed startup to crash
Even with a stream of positive news releases, the signs and warnings for Hyzon were there. Now reality has arrived: Fuel cell developer Hyzon Motors is the latest startup to give up after going public during the SPAC craze of…