Polar Leasing promotes Mann to transportation and logistics coordinator
| June 26, 2024 | Logistics | People | Appointments
Polar Leasing Company, the leading provider of electric ground-resting outdoor walk-in freezers and refrigerated rental units, is proud to announce the promotion of Maria Mann to the position of transportation and logistics coordinator.
Economists raise China growth forecasts as exports improve
| June 26, 2024 | International Trade
The outlook for China’s exports is set to improve, buttressing growth in the world’s second-biggest economy even as consumer spending slows, according to a Bloomberg survey of economists.
US industries fearing a port strike urge Biden to revive talks
Airbus tells airlines some of their deliveries in 2025 and 2026 may be delayed
| June 26, 2024 | Air Cargo | Airlines
Airbus SE has been warning airlines that some of their aircraft deliveries due in the next two years risk being delayed, an indication that supply-chain glitches at the world’s largest planemaker might extend well beyond the current year.
Vietnam Air risks insolvency if loan deadline isn’t extended
| June 26, 2024 | Air Cargo | Airlines
EU agrees on Belarus sanctions to target Russia’s circumvention
| June 26, 2024 | International Trade
Japan Airlines pilots and crew sound alarm after spate of safety issues
| June 26, 2024 | Air Cargo | Airlines
FedEx soars as cost cuts drive better-than-expected forecast
| June 25, 2024 | Air Cargo | Freighters | Trucking
FedEx Corp. forecast profit above Wall Street’s expectations and said it would buy back $2.5 billion of its stock over the next year, lifting its shares on signs that a sweeping plan to reorganize and cut costs was taking hold.
Peru resolves Chinese port spat as President prepares to meet Xi
| June 25, 2024 | Ports & Terminals
Port of Brunswick sets all-time record in May, grows Ro/Ro volumes by 26 percent
| June 25, 2024 | Maritime | Breakbulk News | Ports & Terminals
Georgia Ports adds 120 acres of storage space
Uber picks once-rival Aurora to launch driverless truck offering in Texas
| June 25, 2024 | Trucking
Nearly a decade after it began working on self-driving vehicles, Uber Technologies Inc. plans to haul freight fully autonomously for the first time later this year through an expansion of an earlier deal with Aurora Innovation Inc.
World Trade Bridge CBP officers seize over $5.1 million in marijuana
| June 25, 2024 | International Trade | Trucking
U.S. Customs and Border Protection, Office of Field Operations officers assigned to the World Trade Bridge seized marijuana that totaled over $5,100,000 in street value over the weekend.
[Freightos Weekly Update] Ocean rates reach new highs, with additional increases expected soon
| June 25, 2024 | Air Cargo | Freighters | Maritime | Liner Shipping
The combination of an early peak season, Red Sea diversions making capacity tight and knock-on port congestion making supply even tighter meant ex-Asia ocean spot rates continued to climb last week.
XPO Logistics continues to reduce the environmental impact of the Tour de France
| June 25, 2024 | Green Shipping | Trucking
As the official transport partner of the tour and the Tour de France Femmes avec Zwift, XPO will use an electric road tractor for the first time and HVO biofuel again to help the Tour de France in its CSR approach
Airbus missing parts everywhere forces cutback of targets
| June 25, 2024 | Air Cargo | Airlines
Airbus SE is coming up short on the millions of parts that make up the company’s commercial aircraft, and the situation is getting worse rather than better for the world’s largest planemaker.
TIACA Event Central Asia concludes with a path forward for Kazakhstan to develop as a global air cargo hub
| June 25, 2024 | Air Cargo | Freighters
The International Air Cargo Association (TIACA) concluded its fifth regional event, the TIACA Event Central Asia held June 19-21 in Astana, Kazakhstan, with a path forward to support Kazakhstan as it seeks to develop as a global air cargo hub.
TrusTrace unveils upgraded forced labor prevention solution to enable proactive compliance for fashion and textile supply chains
| June 25, 2024 | Green Shipping | Shipping Technology
Thelo to raise $250 million with eye on Africa’s giant rail corridors
| June 25, 2024 | Intermodal | Rail | Ports & Terminals
Thelo Group’s management plans to buy Deutsche Bahn AG’s 49% shareholding and is in talks with financiers to raise $250 million to help the South African company transform into a developer of rail lines and ports in sub-Saharan Africa.
Utilities report batteries are most commonly used for arbitrage and grid stability
| June 25, 2024 | Energy
Electricity utilities increasingly report using batteries to move electricity from periods of low prices to periods of high prices, a strategy known as arbitrage, according to new detailed information we recently published.
Uber Freight and Aurora to democratize driverless trucks for carriers of all sizes
| June 25, 2024 | Trucking
Uber Freight and Aurora Innovation are launching Premier Autonomy, a new program providing early access to over 1 billion of Aurora’s driverless miles to Uber Freight carriers through 2030.
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