Japanese ocean shipping and transport company Nippon Yusen Kabushiki Kaisha, also known as NYK Line, on Tuesday announced it will sell Nippon Cargo Airlines to All Nippon Airways. Publicly traded NYK Line said it is exiting the air cargo business because it has become too expensive to run a profitable airline and grow to meet […]
The truckload market is most definitely transitioning to a much looser state, but there are stages of freight market easing and we are only just now getting close to finishing the first one — contract compliance. Calculated profit margins are more like margins for error as there are a number of unexpected things like traffic […]
Citing “waning demand and price dives,” Bank of America downgraded multiple transportation stocks on Friday. Tender rejections, a proxy for truck capacity tightness, remained very high entering the year but began declining notably in March, bucking normal seasonal trends. Hoexter said spot prices excluding fuel are down 37% since the end of 2021, dropping 27% […]
Hunt is committed to leading the industry toward a low-carbon future,” Craig Harper, chief sustainability officer and executive vice president at J.B. However, for a variety of reasons , intermodal shipping is not always the leading alternative,” said Tyler Cole, director of carbon intelligence at FreightWaves. “Until we have a higher cost on emissions or […]
But wait, is the RNG transport fuel market really that big? Aren’t there only around 175,000 NG trucks on the road today? Who is using this stuff and where? I’m glad you asked because today we’ll unpack all your questions and more. We jumped into an early demonstration project, leased a handful of trucks, set […]
As the industry continues to make pledges and forward-looking statements, flight milestones, new investments and SAF production growth are the only indicators of real progress. Long-term offtake agreements are becoming common in the space, as a way for carriers to signal intent and fuel producers to finance new builds/expansion. This is also a worrisome trend […]
Misfits Market, the grocery delivery company focused on sustainable sourcing and reducing food waste, has announced its expansion into California, where it will deliver to all ZIP codes in the nation’s most populous state. The move into California comes on the heels of Misfits Market’s $225 million Series C funding, which it acquired in September, […]
Norfolk Southern called itself “the first Class I railroad in North America to issue green bonds” in the announcement. The point of green bonds is to raise capital for projects and transitions that make companies operate more sustainably or reduce emissions. Norfolk Southern is working to convert 600 older DC locomotives into more reliable AC […]
