Container shipping

FHWA awards $148M in grants to fight pollution from trucks at US ports

The Federal Highway Administration has announced $148 million in grants to combat pollution at the nation’s ports caused by idling trucks.

The funding is part of a $400 million program to improve air quality under the Bipartisan Infrastructure Law. The first round of grants provides funding to 11 states and Puerto Rico under the Reduction of Truck Emissions at Port Facilities Grant Program.

Communities located close to ports “feel the brunt of more polluted air” because of idling trucks spewing...

https://www.freightwaves.com/news/fhwa-awards-148m-in-grants-to-fight-pollution-from-trucks-at-us-ports

Xeneta finds supply chain diversions fuel spike in carbon emissions

New data from Xeneta reveals an eye-popping increase in emissions as a result of the Red Sea diversion. 

The Xeneta and Marine Benchmark Carbon Emissions Index (CEI) shows carbon emissions increased by 63% in Q1 2024 compared to Q4 2023 with regard to containers being shipped via ocean from the Far East to the Mediterranean. From the Far East into Northern Europe, carbon emissions increased by 23%. The index hit 107.4 points in Q1 2024 — the highest it has been since the index began in Q1 2018.

Th...

https://www.freightwaves.com/news/xeneta-finds-supply-chain-diversions-fuel-spike-in-carbon-emissions

Port roundup: Strong annual growth across the board

The Lunar New Year has come and gone, but its impact at U.S. ports has been felt for weeks after the holiday.. Even with the impacts of the Lunar New Year arising at ports across the country in the form of sequential declines in imports, port figures across the board are holding up compared to the previous year.

Across the ports, Lunar New Year’s arrival about two weeks later than in 2023 is causing the sequential dip in volumes.

The Port of Los Angeles led the West Coast ports higher on an...

https://www.freightwaves.com/news/port-roundup-strong-annual-growth-across-the-board

Hub Group sees Q1 revenue fall 13% year over year to $999M

Weak freight market conditions continue placing financial strains on transportation providers, said Phil Yeager, president and CEO of Hub Group Inc.

“Market conditions have remained soft … largely due to excess truckload capacity that is yet to exit the industry,” Yeager said during an earnings call with analysts after the market closed on Thursday.

Hub Group reported first-quarter revenue of $999.5 million, a 13% year-over-year (y/y) decline.

The company reported net income of $27 million, a 56%...

https://www.freightwaves.com/news/hub-group-sees-q1-revenue-fall-13-year-over-year-to-999m

Gulf Coast ports report cargo volume surge in March

Container cargo flows increased at ports in Houston, New Orleans and Mobile, Alabama, in March, but shipments of crude oil fell slightly at the Port of Corpus Christi, Texas.

Port Houston container shipments up 20% in March

Port Houston handled 360,991 twenty-foot equivalent units in March, a 20% year-over-year (y/y) increase.

Officials said total cargo flows through the Houston Ship Channel and the port’s two container facilities, Barbours Cut and Bayport, climbed 4% during the first quarter. 

“Fir...

https://www.freightwaves.com/news/gulf-coast-ports-report-cargo-volume-surge-in-march

Ship we don’t talk about — contracts edition

By Alison Cusack

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

I wrote a tweet last year that said: “I want to start an underground fight club, but the twist is I teach you how to fight the ocean carriers with cool contracts. I think I’ll call it ‘ship we don’t talk about.’”

I want to start an underground fight club, but the twist is I teach you how to fight the ocean carriers with cool contracts.

I think...

https://www.freightwaves.com/news/ship-we-dont-talk-about-contracts-edition

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