[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.
Chinese firms meet Malaysian officials on US tariffs, FT says
| June 25, 2024 | International Trade
WestJet Cargo joins cargo.one to launch fully digital Canadian spirit to thousands more freight forwarders
| June 25, 2024 | Air Cargo | Technology
• Customers gain instant booking for WestJet Cargo’s impressive Canadian connectivity and extensive capacities throughout the Americas, Caribbean, Europe and Asia • Canada’s second largest carrier partners with category-leader cargo.one to boost its global reach, lower cost per sale, and guarantee a world-class digital experience
OGCI partners with GCMD to advance solutions to decarbonize shipping
| June 25, 2024 | Green Shipping | Maritime
Höegh Autoliners secures fuel savings and long-term CII compliance with Accelleron and Hanwha engine part-load optimization
| June 25, 2024 | Green Shipping | Maritime | Breakbulk News
• Fuel consumption reduction of 10g/kWh on 7,850 CEU car carrier Höegh Detroit confirmed at sea trial • Efficiency improvement to deliver sustained upgrade in vessel’s Carbon Intensity Indicator (CII) rating • Höegh Autoliners orders Hanwha and Accelleron engine part-load optimization (EPLO) on further seven vessels
Mexico, US reach deal to resume avocado shipments, Governor says
Sustainable Fitch: Supply chains emerging as a focus area of ESG regulations globally
| June 25, 2024 | Green Shipping
Port Houston welcomes arrival of hybrid-electric cranes
NAV AERO global cargo GSSA network strengthens its airline network
| June 25, 2024 | Air Cargo | Freighters
NAV AERO is enhancing its airline network with the addition of three airlines.
JAXPORT and Puerto Rico Ports Authority hold Inaugural Ports and Partners Summit in San Juan
| June 25, 2024 | Ports & Terminals
Event explored best practices in operations and other areas outlined in the Memorandum of Understanding (MOU) signed by the ports in 2021
CONRAIL appoints Dwyer, Esq. as General Counsel
| June 25, 2024 | Intermodal | Rail | People | Appointments
MSC GRI - scope: Import Middle East to USA East Coast / USA Gulf Coast / San Juan
| June 25, 2024 | Maritime | Liner Shipping
UIPA announces adoption of Castle Country Project Area in Carbon and Emery Counties
| June 25, 2024 | Intermodal | Rail
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