Transportation News, Logistics, Ports and Trade

UPS loses EU court bid for compensation over botched merger veto

Bloomberg | December 21, 2023 | Air Cargo | Freighters | Trucking

Shipping costs soar as war and climate risks choke key waterways

Bloomberg | December 21, 2023 | Maritime | Bulk

Global shippers of crude and fuels are grappling with a spike in booking costs for some tankers taking lengthy diversions to avoid disruptions at the Suez and Panama canals.

FedEx Express mechanics and related launch campaign to join Teamsters

AJOT Newsroom | December 20, 2023 | Air Cargo | Freighters | Trucking

Milei sets up Aerolineas and YPF for privatization in Argentina

Bloomberg | December 20, 2023 | Air Cargo | Airlines

South Korea’s early exports show recovery momentum picks up

Bloomberg | December 20, 2023 | International Trade

FAA expands warning to airlines over forged jet parts documents

Bloomberg | December 20, 2023 | Air Cargo | Airlines

Transforming Transportation: Advancements for Accelerated Logistics

AJOT Newsroom | December 20, 2023 | Logistics

Port NOLA awarded $73.77 million U.S. DOT Grant for Louisiana International Terminal

AJOT Newsroom | December 20, 2023 | Ports & Terminals | Terminals

The Port of New Orleans (Port NOLA) will receive $73.77 million from the federal government to assist in building the Louisiana International Terminal (LIT) project, which will provide an efficient gateway for the movement of cargo on the Mississippi River and the inland waterways of the United States.

Year over year cargo traffic consistent with last year on US Great Lakes as of end of November

Shipping activity for the US Great Lakes in 2023 remained consistent with the previous year through the end of November, with approximately 32.6 million metric tonnes of commodity traffic traveling the seaway system for the year to date.

Shipping insurance for Red Sea transit soars after mounting attacks

Bloomberg | December 20, 2023 | Maritime

The cost of insuring vessels that will transit the Red Sea jumped again this week after mounting attacks in the region forced some ships to avoid the vital waterway, underscoring the need to secure an area that’s pivotal to global trade.

Red Sea crisis disrupts Ikea, Abercrombie & Fitch shipments

Bloomberg | December 20, 2023 | Maritime

Ikea faces possible shortages of some products as shipping firms reroute vessels away from the Red Sea, while clothing retailer Abercrombie & Fitch Co. plans to shift to air freight to avoid snags.

Xi lauds trade boom with Russia, vows to ‘amplify’ cooperation

Bloomberg | December 20, 2023 | International Trade

C.H. Robinson’s CEO sees freight rebound in second half of 2024

Bloomberg | December 20, 2023 | Logistics

C.H. Robinson Worldwide Inc. expects the freight recession will linger into next year, but sees a recovery taking hold in the second half of 2024.

Canada Cartage launches state-of-the-art terminal and cross-dock facility in Rocky View County, Alberta

AJOT Newsroom | December 20, 2023 | Trucking

FTR’s TCI for October reflects some improvement for carriers within a difficult trucking market

AJOT Newsroom | December 20, 2023 | Trucking

Shipnext and FONASBA partner to raise standards in online shipping

AJOT Newsroom | December 20, 2023 | Maritime | Technology

Leading online cargo platform Shipnext and The Federation of National Associations of Ship Brokers and Agents (FONASBA) have signed a partnership agreement with the aim of building a safer and more reliable digital shipping community.