Tag: Shipping

April 24, 2024

The Biden administration is laying out more of its vision for decarbonizing the nation’s freight industry, including plans for standardizing charging infrastructure for electric trucks and accelerating the adoption of emission-free big rigs. The multipronged initiative takes aim at a […]

March 14, 2024

Following a slump in profits in 2023, German container shipping company Hapag-Lloyd expects earnings to decline again in 2024. “We have made a satisfactory start to the current financial year, but the economic and political environment remains volatile and challenging […]

February 5, 2024

Switching to ammonia as a marine fuel, with the goal of decarbonization, can instead create entirely new problems. This is shown in a study from Chalmers University of Technology in Sweden, where researchers carried out life cycle analyses for batteries […]

November 14, 2023

Consumers gearing up to buy the latest imported appliances, clothes or electronic gadgets this holiday season might want to spare a thought for the companies that will struggle to make money for the next few years hauling products across the […]

November 28, 2022

U.S. trucking is entering a tumultuous period that will likely reshape the $875 billion industry. Shipping rates that spiked during disruptions caused by the pandemic have plummeted — some are now calling it a “freight recession” — as inventory gluts […]

September 21, 2022

The car industry, already grappling with a shortage of semiconductors, is now seeing another source of supply chain concern: a lack of ships. Earnings for freighters that move autos and industrial machines across the globe have surged to about $80,000 […]

May 5, 2022

On Tuesday, I took a look at the ongoing Commerce Department investigation into solar panel imports. California-based solar manufacturer Auxin filed a complaint with the agency alleging that China is shipping its solar products through four Asian countries to avoid […]

April 13, 2022

Amazon.com Inc. will charge businesses that sell products on its website a 5% fuel and inflation fee beginning April 28, according to documents reviewed by Bloomberg, a first for the company. The new surcharge, the latest sign of companies grappling […]

October 12, 2021

Compared to many things, accounts payable (AP) processes in the logistics industry are relatively easy to explain. In the simplest terms, they involve shipping something from Point A to Point B, and sometimes via Point C. Regardless of what that […]

June 21, 2021

Trafigura Group said the shipping industry’s regulator needs to act with “lightning speed” to cut carbon emissions from an industry that spews more C02 into the atmosphere each year than France and the U.K. combined. The commodities trading giant wants […]

May 14, 2021

U.S. manufacturing output rose in April by slightly more than expected, suggesting further improvement for factories that are otherwise buffeted by supply shortages and shipping challenges. Factory output increased by 0.4% in April, after an upwardly revised 3.1% jump in […]

February 10, 2021

The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, on Feb. 10 reported a sharp rise in earnings for the fourth quarter, when global demand for goods rebounded from an earlier slump caused by the coronavirus pandemic. The Copenhagen-based company reported […]

July 30, 2020

If you are setting up a business that requires transporting your product overseas, you are probably wondering if you should use ocean freight shipping or if you should use an air carrier. There are advantages and disadvantages to each method […]