A Greek shipowner is predicting new rules for marine fuel will put thousands of the world鈥檚 merchant vessels out of business in the next two years, roiling global trade. In fact, he鈥檚 wagering $1.1 billion on it.
December 21, 2017Logistics News
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
New Deal Sends Autonomous Caterpillar Trucks to Australia
Another fleet of mining trucks will join the growing ranks of machines operating autonomously using Caterpillar Inc. systems in Australia next year, reflecting the company鈥檚 push to cement industry partnerships with proprietary technology.
December 21, 2017Analysis: FedEx鈥檚 Good News Could Get Big League
FedEx Corp.鈥檚 delivery truck is heading in the right direction, but the turbo-charge from Uncle Sam won鈥檛 hurt. The $65 billion company reported earnings after the close of trading on Dec. 20, besting analysts鈥 quarterly estimates and raising its full-year outlook.
December 21, 2017Toll-Road Veteran Is N.J. Governor-Elect鈥檚 Pick for State Transportation Chief
New Jersey Governor-elect Phil Murphy chose a toll-road veteran to oversee transportation, charging her with fixing a commuter bus and rail system he called 鈥渁 national disgrace.鈥
December 20, 2017FedEx Profits Grow 11% in Fiscal 2Q, Beating Wall Street Forecasts
FedEx Corp. reported earnings of $2.84 per diluted share for its second fiscal quarter of 2018 ending Nov. 30, compared with the Bloomberg analyst forecast of $2.76 per diluted share. In last year鈥檚 fiscal second quarter FedEx reported earnings of $2.59 per diluted share.
December 19, 2017Drone Tracking Plan Moves US Delivery by Air Closer to Reality
>Deliveries by drones took a step closer to being allowed in the U.S. after a federal advisory panel agreed on a framework for allowing law enforcement to routinely track the small devices.
December 19, 2017Truck Tonnage Surges 7.6% in November
Truck tonnage surged 7.6% year-over-year in November after a 10.5% increase in October, according to American Trucking Associations.
December 19, 2017CSX Stock Stabilizes Days After Death of CEO
CSX鈥檚 stock rose slightly Dec. 18 despite the death of the man who had been hired to bring the railroad new profitability.
December 19, 2017UPS, FedEx Say Holiday Shipping Not Delayed by Atlanta Airport Outage
The fire that knocked out power and shut down the world鈥檚 busiest airport shouldn鈥檛 delay holiday package deliveries, two of the nation鈥檚 biggest shippers said Dec. 18.
December 18, 2017Record Travel Projected for Christmas, New Year鈥檚 Holidays
As the Christmas song goes, 鈥淕ee, the traffic鈥檚 sure terrific.鈥 In fact, travel experts say they believe the final holiday travel period of the year 鈥 Dec. 23 through midnight New Year鈥檚 night 鈥 will set a new record.
December 18, 2017Trending
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