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US natural gas prices spiked in February 2021, then generally increased through October
| January 06, 2022 | Energy
The wholesale spot price for natural gas at the Henry Hub in Louisiana (the U.S. benchmark for natural gas prices) averaged $3.89 per million British thermal units (MMBtu) in 2021, almost doubling from the 2020 average, according to data from Refinitiv.
Atlas Air Worldwide purchases four Boeing 777 freighters
| January 06, 2022 | Air Cargo | Freighters
Boeing and Atlas Air Worldwide announced an order for four 777 Freighters. The order, placed in December, rounds out a record-setting 2021 for Boeing's freighter family including new-production and converted models. Boeing has forecast that the global freighter fleet will grow by 70% in the next 20 years, with freight carriers such as Atlas Air supporting a rapidly expanding global e-commerce business and evolving supply chains.
BEA News: US international trade in goods and services, November 2021
| January 06, 2022 | International Trade
The U.S. monthly international trade deficit increased in November 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $67.2 billion in October (revised) to $80.2 billion in November, as imports increased more than exports. The previously published October deficit was $67.1 billion. The goods deficit increased $15.1 billion in November to $99.0 billion. The services surplus increased $2.1 billion in November to $18.8 billion.
Quala expands network with the acquisition of five premium facilities
| January 06, 2022 | Intermodal | Trucking
Quala expands its network in the Gulf and Midwest with three acquisitions aimed at expanding capacity and geographic footprint. In December 2021, Quala acquired Haughton Environmental in Shreveport, LA, Tank Trailer Cleaning and AAA Trailer Services in East St. Louis, IL, and Sani-Kleen Tank Cleaning with three locations in Missouri and Kansas.
5G’s last-minute chaos exposes corporate feuds brewing for years
| January 06, 2022 | Air Cargo | Airlines
A long-simmering dispute over promising new wireless technology burst into public view in the past week and threatened to further disrupt U.S. air travel already hobbled by the new omicron Covid variant.
‘22 last-mile logistics predictions: Carriers continually challenged is the new norm
| January 06, 2022 | Logistics
CP&O, Ceres Marine unite stevedoring services at The Port of Virginia; move will drive efficiency
Antonov Airlines moves Turkish satellite for launch by SpaceX
Bracing for a flood, US shale set to treat less produced water despite earthquake boom
| January 06, 2022 | Energy
Dealing with the US shale industry’s produced water is increasingly controversial for operators, a new Rystad Energy report reveals. Even though total produced volumes are projected to hit new record highs in the coming years, treated water is expected to be comparatively lower than in the past, despite water disposal practices increasing oilfield seismic activity, with earthquakes nearly doubling in West Texas alone in 2021.
FTR reports preliminary North American Class 8 net orders recovered in December to 23,100 units
| January 06, 2022 | Intermodal | Trucking
Carrier Transicold program helps refrigerated fleets transition telematics platforms to newer technology
| January 06, 2022 | Intermodal | Trucking
Realterm acquires a four-property final mile warehouse portfolio
| January 06, 2022 | Logistics
Top palm oil grower Indonesia warns inflation may hit prices
| January 06, 2022 | International Trade | Commodity
Canada’s trade surplus widens to highest since 2008 on exports
| January 06, 2022 | International Trade
Turkey’s state gas importer races for funding as prices surge
| January 06, 2022 | Energy
2021’s Impact on the Logistics Sector
| January 06, 2022 | Logistics
With 2021 behind us, it’s important to look back on some of the developments that occurred through the year and reflect on their long-term impact on the logistics sector.
How six states could transform the US trucking industry
World’s biggest oil hedge could shrink if Mexico curbs exports
| January 06, 2022 | Energy
Allegiant investors punish airline for adding Boeing to fleet
| January 06, 2022 | Air Cargo | Airlines
Allegiant Airlines tumbled the most in 18 months after the carrier reversed its strategy of keeping costs in check by flying only Airbus SE planes, ordering 50 Boeing Co. 737 Max jets.
US needs to guard exports from supply-chain snarls, envoy says
| January 06, 2022 | Ports & Terminals
U.S. port authorities and ocean carriers, dealing with record import volumes, need to ensure that exports aren’t hindered amid the unprecedented supply-chain logjams that aren’t showing clear signs of dissipating, President Joe Biden’s port envoy said.
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