Defense and technologies company HII announced on Monday that Todd Borkey has been promoted to executive vice president and chief technology officer, effective immediately and reporting directly to HII President and CEO Chris Kastner.The move…
https://www.marinelink.com/news/hii-names-borkey-chief-technology-officer-499726
Short-line operator and 3PL Watco is partnering with next-generation rail software provider Telegraph to provide shippers with railcar visibility beyond Watco’s facilities and tracks.
Pittsburg, Kansas-headquartered Watco will incorporate Chicago-based Telegraph’s operating system into its operations. The two companies say the partnership will enable Watco’s customers to incorporate rail into the procurement and execution processes.
Telegraph says its software provides visibility into carload...
https://www.freightwaves.com/news/watco-telegraph-to-partner-in-railcar-visibility-initiative
North Korea and China resumed freight train service Monday following a five-month hiatus, South Korean officials said, as the North struggles to revive an economy battered by the pandemic, U.N. sanctions and other factors. The reopening came after North Korean leader Kim Jong Un last month made a...
https://www.hellenicshippingnews.com/seoul-says-north-korea-china-reopen-freight-train-traffic/
News of the Ukrainian army’s recent advances swept across western capitals like fresh air. A war that was for months mired in crushing artillery fire had suddenly opened up. Russian forces, outmaneuvered by the Ukrainian army, fled, again proving weaker than anyone expected. Hopes lifted that Ukraine could win the war and force their tormentor back to the prewar battlelines – and perhaps further, says...
https://mfame.guru/putin-to-use-nuclear-weapon-to-save-russia/
The Baltic Exchange’s main sea freight index (.BADI), tracking rates for ships carrying dry bulk commodities, edged down on Monday as rates dropped for capesize and panamax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 3...
https://www.hellenicshippingnews.com/baltic-index-edges-lower-on-weaker-rates-for-larger-vessels/
Analysts also question whether prices can overcome a high U.S. dollar.
https://shipandbunker.com/news/world/169656-oil-takes-another-nosedive-as-recession-fears-escalate
As U.S. import demand fades and inbound cargo increasingly shifts away from Southern California ports, the highly publicized containership backup at the neighboring ports of Los Angeles and Long Beach…
https://gcaptain.com/checking-back-in-on-southern-californias-containership-backup/