Logistics News

Red Sea crisis diverts attention back to shipping

January 20, 2024• by

Suez Canal diversions will inflate container shipping costs for as long as the situation lasts, but trade always finds a way, even if it takes a bit longer...

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Baltic Index Logs Best Week In Six As Capesize Rates Jump

January 20, 2024• by

The Baltic Exchange’s dry bulk sea freight index jumped on Friday to mark its biggest daily gain since Nov. 29, as rates across vessel segments recovered....

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Flexport raises $260M from Shopify

January 20, 2024• by

Digital-oriented freight forwarder Flexport has raised $260 million from e-commerce provider Shopify after a tumultuous year, giving the supply chain solutions...

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The sad but important story of Lincoln’s train funeral procession

January 19, 2024• by

FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. On April 15, 1865, President Abraham...

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J.B. Hunt highlights improved intermodal volume but also rate pressure

January 19, 2024• by

J.B. Hunt kicks off earnings season On Thursday’s analyst call (see Todd Maiden’s earnings writeup here), J.B. Hunt highlighted both improved intermodal...

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Panama Canal transits sink to new drought-driven low in December

January 19, 2024• by

The Panama Canal has faded from the headlines amid all the focus on the Red Sea. But fallout to global supply chains from Panama’s drought is far from over....

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BV Solutions M&O Delivers Efficiency And Emissions ‘Forecast’ Web Application To Brittany Ferries

January 19, 2024• by

Bureau Veritas Solutions Marine & Offshore (BV Solutions M&O) has developed and now delivered a ‘Fleet Energy and Emissions Forecast‘ tool to...

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US targets more Houthi anti-ship missiles aimed at Red Sea

January 19, 2024• by

The United States launched additionalstrikes early on Thursday targeting twoHouthi anti-ship missiles that were being prepared to fire into the Red Sea and...

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U.S. sanctions UAE shipping firm for violating Russian crude oil price cap

January 19, 2024• by

The U.S. Treasury on Thursday said it imposed sanctions on a United Arab Emirates-based shipping company for violating the $60-per-barrel price cap on Russian...

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Red Sea attacks: ECSA welcomes European Parliament call for immediate EU action

January 19, 2024• by

The European Parliament adopted today a Resolution condemning the recent attacks on commercial shipping in the Red Sea and calling for immediate and concerted...

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