Expanded Panama Canal: Huge Ships, Port Projects but Experts Unsure of Its Impact a Year In
One year into operations of the expanded Panama Canal, the freight transportation world has witnessed leviathan containerships, gargantuan land-based cranes and dredging projects along the U.S. East and Gulf Coasts, but intermodal shipping professionals say it’s too early to quantify the precise impact of the massive infrastructure project.
July 6, 2017Two Major Deals Mark Consolidation Trend; Heartland Buys IDC, Daseke Gets Steelman Cos.
Two major truckload carriers have announced purchases, and one of the transactions will unite companies ranked among the Transport Topics Top 100 list of the largest North American for-hire carriers: Heartland Express and Interstate Distributor Co.
July 6, 2017CMA CGM Stakeholder Looks to Sell and Buy Ports America
Yildirim Holding AS is seeking buyers for its stake in the world’s third-biggest container shipper as the family-owned Turkish company presses ahead with a plan to acquire Ports America Holdings Inc., a U.S. maritime-terminal operator.
July 6, 2017Diesel Rises 0.7¢ to $2.472; Crude Prices Settle at About $45
The U.S. average retail price of diesel rose 0.7 cent to $2.472 as U.S. oil drilling declined and crude prices rebounded to clear $47 a barrel before retreating to about $45, experts said.
July 6, 2017Americans' Views of Economy Dim in Weekly Consumer Comfort Gauge
Americans’ perceptions about the economy took a big step back last week even as their views about their own finances and the buying climate stabilized, Bloomberg Consumer Comfort Index figures showed June 6.
July 6, 2017In Break From Otto, Uber Upgrades Lidar to Third-Party, Off-the-Shelf System
Uber has upgraded its trucks to its Advanced Technologies Group (ATG) technology stack, and they are driving on freeways around San Francisco.
July 6, 2017Jack Cooper Negotiates to Retire Debt, Avoid Chapter 11
Jack Cooper Holdings Corp., North America’s largest autohauler, successfully completed negotiations with two groups of debtholders allowing the carrier to avoid a Chapter 11 bankruptcy proceeding and retire $429.2 million worth of debt.
July 6, 2017Chinese Delivery Company Gets Approval for Drone Deliveries
Chinese delivery company SF Holding said it has obtained a landmark license from the country’s military authorities to use drones to deliver commercial packages and was conducting the country’s first drone pilot demonstration zone.
July 6, 2017Summer Begins on Positive Note as Class 8 Orders Top 18,000
North American Class 8 orders cleared 18,000 in June, for a 40% year-over-year gain, according to ACT Research Co.
July 6, 2017Service Industries’ Expansion Helps Second-Quarter Rebound
A faster-than-forecast June pace of expansion at America’s service industries, which make up the bulk of the economy, signals solid second-quarter growth, a survey from the Institute for Supply Management showed July 6.
July 6, 2017