The recent freeze across Texas and Louisiana disrupted scheduled exports of U.S. liquefied natural gas, temporarily tightening some supply of the heating and power-plant fuel.
January 18, 2024Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Deep Freeze Forces US LNG Exporters to Cancel, Delay Cargoes
States Waive HOS for Fuel Deliveries Amid Severe Weather
Governors from several states have issued emergency proclamations waiving federal hours-of-service requirements for truckers carrying fuel, to prevent shortages in extreme weather.
Court Approves Sale of 23 Yellow Leased Terminals
The U.S. Bankruptcy Court for the District of Delaware approved the sale of 23 terminal leases owned by Yellow Corp. to six bidders for an aggregate price of $82.89 million, documents show.
Maersk, Hapag-Lloyd to Operate Some Ships as Joint Fleet
Global shipping giants Hapag-Lloyd and Maersk have struck a partnership deal to operate some of their ships as a joint fleet in the future, the companies announced Jan. 17.
Shipping CEOs See No Short-Term End to Red Sea Disruptions
The CEOs of two leading freight carriers said they expect Red Sea threats to disrupt shipping for weeks or months longer.
Global LNG Fleet Avoiding Red Sea With More Tankers Diverted
The global LNG tanker fleets appear to have stopped using the Red Sea and Suez Canal, as continued Houthi attacks on ships reroute flows of the power-station and heating fuel.
US Calls Houthi Shipping Threat an ‘All Hands on Deck’ Issue
The U.S. launched a new strike against the Yemen-based Houthis on Jan. 16, hitting anti-ship missiles in the third assault on the Iranian-backed group in recent days, the U.S. military said.
State of Freight Report Says 2024 Will Be an Unremarkable Year
Trucking’s lingering freight recession, combined with a steep decline in spot market rates for carriers over the last 18 months, is tightening capacity, according to FMCSA data and FTR Intel.
How the Red Sea Conflict Is Crimping Global Trade
The attacks on commercial ships in the Red Sea by Houthi rebels have rerouted most of the trade normally flowing through the crucial maritime artery for consumer goods and energy supplies.
Port of Los Angeles Leader Outlines Ambitious Goals for 2024
With billions of federal, state and local dollars being spent at the nation’s ports, these critical economic engines are poised to accelerate efforts toward low- and zero-carbon emissions.