Transportation News, Logistics, Ports and Trade

ABB invests $170 million in the U.S.

AJOT Newsroom | April 04, 2023 | Logistics

• Investment reflects increased customer demand for electrification and automation products • Wisconsin greenfield facility for drives and services demonstrates continued commitment to U.S. customers and workforce • Inflation Reduction Act supports company’s continued investment in creating more secure supply chain and strengthening local manufacturing

ON Partners sees 30% growth in semiconductor talent market since the implementation of the CHIPS and Science Act

ON Partners | April 04, 2023 | International Trade | Trade Regulation

ON Partners fills executive placement opportunities in projected $1 trillion industry

Doosan Industrial Vehicle partners with Kollmorgen for automation

AJOT Newsroom | April 04, 2023 | Logistics

Doosan Industrial Vehicle (DIV), a global South Korean forklift manufacturer, partners with Kollmorgen to secure their leading position in the material handling industry. The objective is to innovate and build efficient, sustainable, and reliable custom made AGVs that exceeds their customers’ future requirements.

DHL Express relocates in Las Vegas to new, larger facility

AJOT Newsroom | April 04, 2023 | Logistics

The $11.1M service center investment accommodates the area’s growing demand for international shipping

Freightos Weekly Update: Sub-$1k transpac rates among the signs rebound isn’t here yet

AJOT Newsroom | April 04, 2023 | Maritime | Liner Shipping

Turkey is guzzling Russian diesel that Europe can’t buy

Bloomberg | April 04, 2023 | Energy

Micron says shipments and operations unaffected by China probe

Bloomberg | April 04, 2023 | International Trade

EU subsidies rule would hurt global firms, business groups warn

Bloomberg | April 04, 2023 | International Trade

Turkey’s trade gap grows as easing chip crisis boosts car demand

Bloomberg | April 04, 2023 | International Trade

Biden’s landmark climate bill lures China’s clean energy giants

China’s leading renewables firms are joining the rush to open factories in the US after Washington passed a landmark climate bill that supports local clean energy manufacturing.

Shock OPEC+ output cuts to hit demand, rates for oil tankers

Bloomberg | April 03, 2023 | Energy | Maritime | Bulk

OPEC+’s shock decision to cut oil production isn’t just redrawing the outlook for crude prices, it’s also hit the prospects of tanker companies that transport the barrels.

Ørsted and Google sign first power purchase agreement in the U.S.

AJOT Newsroom | April 03, 2023 | Energy | Alternative | Green Shipping

Google will purchase wind energy from Helena Wind Farm located in Bee County, Texas.

USTR releases 2023 National Trade Estimate Report on Foreign Trade Barriers

AJOT Newsroom | April 03, 2023 | International Trade

United States Trade Representative Katherine Tai today released the 2023 National Trade Estimate Report on Foreign Trade Barriers (NTE Report), providing a comprehensive review of significant foreign barriers to U.S. exports of goods and services, U.S. foreign direct investment, and U.S. electronic commerce in key export markets for the United States.

DB Schenker goes electric for the long haul

• Deployment of 100 eActros LongHaul in the European network with start of series production of the e-truck in 2024 • Battery-electric tractor unit for long-distance transport with a range of around 500 km

OPEC+ surprises with a voluntary 1.15 million bpd cut - Rystad Energy oil market update

AJOT Newsroom | April 03, 2023 | Energy

Some OPEC+ countries have surprised markets with a voluntary cut of 1.15 million barrels per day (bpd) causing oil prices to rise and feeding inflationary fears.

Garcia Cervera appointed chief sales and marketing officer at IAG Cargo

• Camilo Garcia Cervera joins the IAG Cargo Executive Team as Chief Sales and Marketing Officer • Camilo will lead and align the sales and marketing functions for IAG Cargo globally and head up the business’s partnerships • Camilo joins from WebCargo by Freightos, bringing his expertise on digitalisation to the role

CargoAi facilitates eAWB transition and ISC2 with its FWB and FHL features

AJOT Newsroom | April 03, 2023 | Air Cargo | Technology

CargoAi, airfreight’s fastest growing digital enabler, has launched a new feature to support its users with the paperless transition. Starting today, the 9000+ freight forwarders using CargoMART will be able to send FWB and FHL, once the booking is made, to 80+ airlines.

Hatch cover market opens for Thordon with Wilson retrofit

AJOT Newsroom | April 03, 2023 | Maritime | Breakbulk News

In what marks a relatively new application for Thordon Bearings’ pioneering polymer material, Wilson Ship Management AS (“Wilson”), a Norway-based ship manager, has replaced the greased bronze bearings on the hatch cover wheels of some of its dry cargo vessels with self-lubricating ThorPlas-Blue bearings.