The U.S. didn’t import any Saudi crude the week of Dec. 28 for the first time in 35 years, a reversal from just months ago when the Kingdom threatened to upend the American energy industry by unleashing a tsunami of exports into a market decimated by the pandemic.
January 6, 2021Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Dry Storage Warehousing Firms
No rankings are available for this year.
Extras
US Imports No Saudi Crude Oil for First Time in 35 Years
Maersk Says Record Shipping Rates Unlikely to Have Peaked Yet
A.P. Moller-Maersk A/S, the world’s largest container carrier, is working at full capacity and can’t yet see a peak in freight rates that have already been propelled to record highs by pandemic consumer spending.
Amazon Makes First Aircraft Purchase to Expand Delivery Network
Amazon .com Inc. is buying 11 used Boeing 767-300 planes, the first time the online retail giant has purchased, rather than leased, aircraft for its fast-growing air cargo operation.
Lineage Logistics Acquires Refrigerated Rail Company Cryo-Trans
Cold-storage specialist Lineage Logistics is branching into rail.
Manufacturers Rethink Supply Chains, Eye Reshoring After Events of 2020
A trade war with China and the disruptive effects of the COVID-19 pandemic have U.S. companies starting to question a decades-old strategy of shifting manufacturing operations to low-cost labor markets in China and other Asian nations.
XPO Finishes Acquisition of Kuehne + Nagel’s European Logistics
XPO Logistics has completed its acquisition of the majority of Swiss firm Kuehne + Nagel’s European logistics, the company announced Jan. 4.
January 4, 2021West and East Coast Ports Report Strong November Volume
The nation’s ports continued their breakneck pace in November as imported products arrived and unloaded at a record or near-record rate at facilities on the Pacific and Atlantic coasts.
Railroads Install Crash-Prevention System Ahead of US Deadline
U.S. railroads have completed installation of an automated crash-prevention system that covers 57,536 miles of freight and passenger tracks ahead of an end-of-year deadline that was previously extended, the Federal Railroad Administration announced Dec. 29.
Rail Cargo Posts First Gain in Two Years as Consumer Goods Surge
U.S. railroads are back, with freight volume posting the first quarterly gain in two years.
Trucking Industry Experts Optimistic About 2021, Once COVID Is Over
The trucking industry stands poised for a solid start in 2021, building on an unprecedented 2020 during which the U.S. economy relied heavily on truckers amid the COVID-19 pandemic.