Rising rates send Baltic dry bulk index to 10-week peak
The Baltic Exchange’s main sea freight index (.BADI), tracking rates for ships carrying dry bulk commodities, rose for a fourth straight session on Wednesday, surging...
Category : Transportation
Radiant Logistics acquires partner Cascade Enterprises of Minnesota
Radiant Logistics announced Wednesday it has acquired Cascade Enterprises of Minnesota Inc., one of its strategic operating partners that has been operating under its Airgroup...
OPEC+ agrees deep cuts to oil production despite U.S. pressure
OPEC+ agreed its deepest cuts to oil production since the 2020 COVID pandemic at a Vienna meeting on Wednesday, curbing supply in an already tight...
Rival of container shipper Matson can proceed with antitrust lawsuit
Two Matson Inc subsidiaries must face claims from rival container shipping company American President Lines LLC that Matson is abusing its market power over service...
WTO Warns ‘Darkened’ Trade Outlook Could Worsen
GENEVA, Oct 5 (Reuters) – The World Trade Organization forecast a slowdown of global trade growth next year as sharply higherenergy and food prices and rising interest rates curb import demand,and warned of...
What a centralized tech stack can do for your final-mile shipping
When it comes to the final mile, shipping businesses at scale have a low tolerance for inefficiency. Traditionally, final-mile business processes have been scattered across...
Green Seas: Cargo owners aim to use their buying power for clean shipping fuels. Is it enough?
For Swedish furniture giant IKEA, shipping is a relatively small share of its total greenhouse gas footprint. Ocean transport makes up just 2% of its...
Procurant and Uber Freight Transform Produce Shipping
Procurant, a cloud-based software company transforming the global food supply chain, and Uber Freight US, one of North America’s largest managers of freight reimagining the way...
The Canary in the Inflation Coal Mine by Jonathan D. Ostry
The current bout of high inflation has many causes, but one major driver that remains under-recognized is the rise in global shipping costs. The rapid...
VESSEL REVIEW | Dallas – Shallow-draught tanker for Dutch inland shipping company
MEPS WEEK Photo: RensenDriessen Shipbuilding Dutch companies RensenDriessen Shipbuilding and TeamCo Shipyard have handed over a new tanker to local shipowner Unibarge. Dallas was designed...