News

ABS supports ECO on GHG and ESG reporting

ABS is working with leading OSV operator Edison Chouest Offshore (ECO) on its decarbonization journey by providing greenhouse gas inventory and sustainability reporting services.

ABS specialists have been working with the ECO team since 2022 providing a gap analysis for the ECO Environmental, Social, and Governance (ESG) report using the Global Reporting Initiative (GRI) Framework.

This led to a full sustainability reporting project in 2023, where ABS supplied technical guidance on the GRI...

https://www.marinelog.com/offshore/abs-supports-eco-on-ghg-and-esg-reporting/

Landstar CEO Jim Gattoni to retire

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

Freight broker Landstar System announced Monday a succession plan for the dual role of president and...

https://www.freightwaves.com/news/landstar-ceo-jim-gattoni-to-retire

‘Astronomical’ gain for dry bulk shipping but rally looks fleeting

chart of dry bulk shipping stocks vs. BDRY ETF

Dry bulk shipping is the world’s largest ocean shipping market by volume and boasts the world’s largest freight futures market. After spending most of this year on the sidelines, dry bulk shipping is suddenly back in the spotlight again.

Spot rates have gone parabolic over the past four weeks. Freight futures trading has been frenetic. Dry bulk stocks are up double digits.

A week that shipowners ‘dream of’

Rates for Capesizes — larger dry bulk vessels with capacity of around 180,000 deadweight...

https://www.freightwaves.com/news/dry-bulk-shipping-logs-astronomical-gains-but-rally-looks-fleeting

Colonial Terminals acquires Cape Fear bulk liquid facility

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

Colonial Terminals Inc. (CTI) announced it acquired a bulk liquid terminal in Wilmington, North...

https://www.freightwaves.com/news/colonial-terminals-acquires-cape-fear-bulk-liquid-facility

Florida seeks help for truckers failing pre-trip inspections

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

WASHINGTON — CDL applicants in Florida may have a faster road to getting a license if testers in the...

https://www.freightwaves.com/news/florida-seeks-help-for-truckers-failing-pre-trip-inspections

DHL Express rotates Americas CEO to Europe

DHL Express announced Monday it has shuffled its regional leadership, highlighted by Mike Parra, CEO of the Americas, taking over the organization in Europe and being replaced by Andrew Williams, the current CEO of DHL Express Canada, effective Jan. 1.

Americas CEO Mike Parra (Photo: DHL)

Parra has been the Americas CEO since 2016, during which time Express has doubled revenue, added more than 12,000 jobs and expanded its operational footprint, most recently with new regional hubs in the U.S.,...

https://www.freightwaves.com/news/dhl-express-rotates-americas-ceo-to-europe

UPS to quadruple size of Hong Kong airport express facility

UPS said Monday it will develop a large express cargo hub at Hong Kong International Airport that will improve shipping service and connectivity in the South China and Asia-Pacific regions. 

The Hong Kong airport authority agreed to lease UPS a 215,000-square-foot parcel for the fully automated air hub, which will have better access to freighter aircraft carrying imports, exports and transshipment cargo.

UPS (NYSE: UPS) said the facility, which will be about four times larger than its current...

https://www.freightwaves.com/news/ups-to-quadruple-size-of-hong-kong-airport-express-facility

Down over 50 cents in 2.5 months, retail diesel not yet impacted by futures slide

The key benchmark price used for most fuel surcharges is now down to levels not seen since July 24.

The latest weekly average retail diesel price posted by the Department of Energy/Energy Information Administration price, however, only had a few days to react to the plunging futures market that accompanied an OPEC+ meeting where the final agreement left most oil traders skeptical of the group’s efforts to combat a growing imbalance in global markets.

The DOE/EIA price declined 5.4 cents per...

https://www.freightwaves.com/news/down-over-50-cents-in-2-5-months-retail-diesel-not-yet-impacted-by-futures-slide

Maintenance-of-way rail union and Union Pacific tussle over furloughs

Debate about furloughs at Union Pacific and how many employees could be affected continue to play out in the public arena following a recent industry conference where Surface Transportation Board Chairman Marty Oberman called out Union Pacific leadership.

The Brotherhood of Maintenance of Way – Employes Division (BMWED) sent two letters to the STB: one on Oct. 27 before the RailTrends conference in November hosted by Progressive Railroading and independent Wall Street analyst Tony Hatch and one...

https://www.freightwaves.com/news/maintenance-of-way-rail-union-and-union-pacific-tussle-over-furloughs

Court won’t hear Berkshire claims over Haslam’s Pilot payments next month

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-3’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-3’); });

The Haslam family and Berkshire Hathaway will square off in a Delaware court next month in their...

https://www.freightwaves.com/news/court-wont-hear-berkshire-claims-over-haslams-pilot-payments-next-month

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.