Even though freight rates and prices have gone down since the boom, several container industry names have done better than the market. Textainer which rents out tools that has to…
UPS Tentative Agreement Receives Strong Support from Teamsters Locals
On Monday, Teamsters local unions represented a massive workforce of 340,000 UPS Inc. (NYSE: UPS) employees, both full-time and part-time, endorsed the tentative five-year agreement reached with the delivery giant…
Rising Demand Boosts Optimism in Transportation
The number of truckload tenders is suddenly rising. This may indicate improvement in the domestic transportation industry. The national Outbound Tender Volume Index (OTVI) indicates a nearly 7% increase in…
What Are The Most Important Activities Of Supply Chain Management?
Supply chains refer to the production and distribution of goods from their initial stages, such as production and growth, to their eventual consumption or use. whereas supply chain management, or…
Waymo Via Withdraws Support for Autonomous Trucking
Waymo Via, a division of Alphabet Inc., is shifting its focus from self-driving trucks to self-driving cars for ridesharing. Companies working on self-driving cars are decreasing. Waymo Via stopped working…
Q2 Profit Surge Driven by Paccar Price Hikes
Paccar’s new truck prices went up by 15% from one year to the next. This was a big reason why the company’s profits grew in the second quarter. However, price…
Trans-Pacific Shipping Rates Surge as Carriers Slash Capacity
The number of ships going between Asia and the U.S. seems to be getting more under control in the shipping business. Several index sources say that spot rates have gone…
Surprising Q2 Container Line Earnings Expected to Exceed Expectations
The container lines won’t release their final numbers for the second quarter until next month, but early reports show that they have temporarily stopped the bleeding. Matson is a specialty…
Aurora Innovation Raises $820m In Fresh Capital
Aurora Innovation has been given an extra $820 million. That should give the company making self-driving cars enough time and money to get them on the market in 2024 and…
LNG as Fuel: Potential for Thousands of Ships Is It a Good Thing?
The shipping industry has put a lot of money into compressed natural gas as a bridge fuel between traditional fuel oil and whatever comes next, whether it’s methanol, ammonia, hydrogen,…