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Logistics News
Government, Business, Logistics

Panama Canal’s Drought Traffic Dip Could Cost $700 Million

PANAMA CITY — A severe drought that began last year has forced authorities to slash ship crossings by 36% in the Panama Canal, one of the world’s most important trade routes.

January 18, 2024
Business, Fuel, Logistics

Deep Freeze Forces US LNG Exporters to Cancel, Delay Cargoes

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, 2024
Government, Business, Safety, Fuel, Logistics

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.

Noël Fletcher | Staff Reporter
January 18, 2024
Business, Logistics

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.

Keiron Greenhalgh | Staff Reporter
January 17, 2024
Business, Logistics, Global Freight, TCA

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.

dpa | Hamburg, Germany
January 17, 2024
Government, Business, Safety, Fuel, Logistics, Global Freight

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.

Sanne Waas | Bloomberg News
January 17, 2024
Business, Safety, Fuel, Logistics

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.

Stephen Stapczynski | Bloomberg News
January 17, 2024
Government, Business, Safety, Logistics

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.

January 16, 2024
Business, Safety, Logistics

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.

Dan Ronan | Senior Reporter
January 16, 2024
Government, Business, Safety, Logistics, Global Freight

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.

January 12, 2024
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