Transportation News, Logistics, Ports and Trade

Russia to boost currency sales to offset energy revenue drop

Bloomberg | February 03, 2023 | Energy

Tesla shipments of China-made cars climbed 18% in January

Bloomberg | February 03, 2023 | International Trade

UK train drivers strike again; Risk of more action if talks fail

Bloomberg | February 03, 2023 | Intermodal | Rail

Uranium investors pockets are glowing: The London rush

Bloomberg | February 03, 2023 | Intermodal

Thai AirAsia adding back idled jets amid China tourism restart

Bloomberg | February 03, 2023 | Air Cargo | Airlines

Green Shipping

Bloomberg | February 02, 2023

Chinese investment in belt and road nations jumps on tech deals

China’s investment in the countries along the Belt and Road rose to the highest since 2019, with much of that increase due to a new battery plant for electric vehicles.

Hong Kong-China border to fully open in boost for Hub status

Bloomberg | February 02, 2023 | International Trade

WorldACD Air cargo trends for the past 5 weeks (wk 4):

AJOT Newsroom | February 02, 2023 | Air Cargo | Freighters

Lunar New Year and economic slowdown impact demand

Tesla expected to announce Mexico project soon, Ebrard says

Bloomberg | February 02, 2023 | International Trade

US detains Chinese aluminum, a suspected product of forced labor

Bloomberg | February 02, 2023 | International Trade | Commodity

The US is beginning to detain imports of aluminum products suspected of being made through forced labor, particularly from China’s Xinjiang region, according to one of the world’s biggest shipping firms.

Skeleton cast of the world’s largest known dinosaur transported from Argentina to the UK by IAG Cargo

AJOT Newsroom | February 02, 2023 | Air Cargo | Freighters

• IAG Cargo transports the most complete giant dinosaur ever discovered on British Airways flights from Buenos Aires to London Heathrow ahead of the Natural History Museum’s new exhibition, Titanosaur: Life as the biggest dinosaur • The Natural History Museum and IAG Cargo partner to deliver the full cast of the titanosaur, Patagotitan mayorum, to its European debut in London • The exhibition will run from Friday 31st March 2023 to Sunday 7th January 2024, and will take visitors on a journey through the life of a titanosaur exploring how a creature of this size could have survived on Earth. • At over three times heavier than Dippy the Diplodocus, this gigantic creature is a must-see • The cast was stored into 32 crates and transported in the belly capacity of two British Airways B787-9 aircrafts, alongside 4 crates of real fossils including a real femur bone measuring more than two metres

French startup raising funds to make green hydrogen for trucks

Bloomberg | February 02, 2023 | Energy | Alternative | Trucking

French startup Climate Horizon is seeking to raise more than €100 million ($108 million) for efforts to produce hydrogen from biomass, generate carbon credits and lease trucks powered by the clean fuel.

February Global Market Forecaster by Container xChange: Container data points to expectations of demand revival as China reopens and rates stabilize

AJOT Newsroom | February 02, 2023 | Maritime | Liner Shipping

Key takeaways include - • Operators expect demand revival post Lunar New Year, average one-way leasing pickup rates for second-hand containers increase by max 40% on China to Europe & China to US trade lane • CAx (Container Availability Index) January readings show greater congestion at ports in China as compared to last three years; indicating more containers available in China • Though the increase in prices and leasing rates is not significant, the fact that the downward trajectory has reversed is a good sign for many in the industry.

IANA fourth quarter intermodal volume rounds out 2022

AJOT Newsroom | February 02, 2023 | Intermodal

Improving operations lay groundwork for recovery

FedEx to cut top management jobs as CEO seeks cost savings

Bloomberg | February 02, 2023 | Air Cargo | Freighters | Trucking

FedEx Corp. is cutting global officer and director jobs by more than 10%, the courier’s latest cost-saving step as economic concerns and waning e-commerce weigh on demand for package delivery.

Polar Leasing incorporates smart technology for precise temperature control

AJOT Newsroom | February 02, 2023 | Trucking

PLC walk-in cold storage units feature advanced controls to meet stringent industry standards

MSC import detention scope: Packer Avenue Terminal, Philadelphia

AJOT Newsroom | February 02, 2023 | Maritime | Liner Shipping

International Trade

Bloomberg | February 02, 2023

US border agents seize 300% more eggs from Americans looking for lower prices in Mexico

With egg prices surging in the US, some Americans are trying to lower their grocery bills by buying them south of the border. The only problem: It’s illegal to bring them back into the country, and now seizures of eggs at some US-Mexico border crossings have surged more than 300%.