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Think Tank
Transportation & Distribution: Page 37
Chemship Commissions Wind-Propelled Chemical Tanker
Technology installed on wind-powered
Chemical Challenger
targets 15% CO2 savings on Transatlantic route.
Terminal Operator Holt Logistics Being Reviewed for Anticompetitive Behavior
An investigator said in an email to Tri State Intermodal that the FMC was reviewing information and documents provided by truckers.
Naval Escort Helps CMA CGM Ship Pass Through Red Sea Despite Recent Attacks
The EU announced February 19 that it plans to begin its own naval missions to protect shippers passing through the Red Sea.
Port of LA Kicks Off 2024 with Near-Record January Volume
January also marked the sixth straight month of year-over-year gains for the Port of Los Angeles, surpassing January 2023’s totals by 18%.
General Motors, Panasonic Sign Investment Deals with Canadian Graphite Producer
GM and Panasonic have each committed to purchase 18,000 metric tons of active anode material annually over a period of six to seven years, Nouveau Monde Graphite said.
Log-hub Update Includes 3D Maps for Supply Chain Visualization
Log-hub said that its 3D maps offering will provide users with increased efficiency and more strategic insights into how companies navigate global supply chain networks.
Maersk: Red Sea Diversions Could Extend into Second Half of 2024
Maersk said that it has added about 6% more vessel capacity to its schedule to keep the flow of trade moving, further adding to the company’s operational costs.
China-U.S. Average Container Leasing Rates Up Threefold Since November
An industry expert from a Californian freight forwarding company said they anticipate organizations will have to deal with equipment shortages due to vessels being rerouted away from the Red Sea.
Rideshare, App-Based Delivery Drivers Striking in the U.K. and the U.S.
Uber and Lyft drivers are holding daylong strikes in Chicago, Philadelphia, Pittsburgh, Miami, Orlando, Austin, Newark and several other cities.
APAC Air Freight Market Subdued, Shipping Continues to Struggle, Report Says
Dimerco said that ocean shippers in the APAC region should anticipate rates to increase for vessels going to the U.S. and Europe.
Start-Up CDL 1000 Acquiring Competitor Next Trucking
CDL 1000 founder Andrew Sobko said that this acquisition, as well as the company’s purchase of Hickory Transportation Services in November, will allow the organization to expand its services nationwide.
The Red Sea Crisis Could Disrupt the U.K.’s Tea Supply
The British Retail Consortium said that it had noticed a “temporary disruption” to some black tea lines, while an industry source suggested that some flavored lines had been delayed.
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