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A Clouded Outlook for Global Freight

Describing global supply chains as 鈥渧olatile鈥 for the last two years is an understatement. Glimmers of hope are emerging, but anxiety grows over whether freight volumes can maintain traction amid high inflation and economic uncertainty.

November 4, 2022

German Government Settles Internal Dispute Over Port Stake Sale to China

The German government is close to reaching a compromise over a disputed sale of a stake in a Hamburg container terminal to China鈥檚 state-owned shipping conglomerate Cosco Shipping Holdings Co.

October 25, 2022

Alabama Port Study Highlights Growth, Economic Impact

The Alabama State Port Authority has released a new study showing significant growth in jobs, tax revenue and general economic impact since 2019, underscoring the port鈥檚 place as a major economic driver in the state.

October 24, 2022

CSX Q3 Profit Up 15% as Railroad Hauls 2% More Freight

CSX Corp. delivered 15% more profit in the third quarter as it handled 2% more freight and worked to eliminate the delays shippers have been complaining about for months.

October 21, 2022

UPS Aircraft Mechanics Ratify Labor Contract

Aircraft mechanics at UPS Inc. voted to ratify a labor contract extension that will give them a 3.3% hike in pay annually for three years, the International Brotherhood of Teamsters union announced Oct. 18.

October 19, 2022

California Ports Reveal Surge in Harmful Emissions in 2021

California port officials announced an unprecedented increase in harmful emissions last year. Although the increase in pollution was substantial, officials said emissions are still much lower than levels in the mid-2000s.

October 18, 2022

Truckers Win Over BNSF in Case Regarding Illinois Biometrics Law

In what is believed to be the first jury verdict related to Illinois鈥 strict biometrics privacy law, a $228 million judgment has been entered against BNSF Railway in a class-action lawsuit over the railroad鈥檚 collection of fingerprint data.

October 17, 2022

Maersk Expands Green Fleet With $1 Billion Order for Vessels

A.P. Moller-Maersk A/S, one of the world鈥檚 largest oil consumers, ordered six large containerships that can sail on green methanol as part of the transport giant鈥檚 plan to become carbon neutral.

October 5, 2022

MSC Launches Air Cargo Business

Mediterranean Shipping Co., the world鈥檚 largest container line, will expand into air cargo using four leased Boeing Co. wide-body freighters after missing out in a bid for Italy鈥檚 flag-carrier airline.

September 27, 2022

Shipping Container Lines Set to Smash Year-Old Profit Record

The world鈥檚 biggest container lines are on course to post profits in 2022 that will top last year鈥檚 record by 73%, according to a new forecast, buoyed by logistics and labor strains that are squeezing capacity amid sustained U.S. demand for imports.

August 9, 2022