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Shipping
Research highlights the need for flexible supply chain network planning
Seventy-two percent of supply chain leaders said they have had to revisit final approvals for network investment decisions at least once, contributing to delays, according to research from business and technology insights firm Gartner,…
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Green Project acquires Optera to expand supply chain decarbonization
Green Project Technologies, a New York-based supply chain decarbonization firm, has acquired Optera, a Colorado-based provider of enterprise carbon accounting and reporting software, the firms said Tuesday.Joined together, the firms…
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Maersk to open $100 million fulfillment hub in Massachusetts
The Danish shipping and logistics giant Maersk will open a $100 million fulfillment hub in Massachusetts in August, saying the 617,000-square-foot facility will support “a major e-commerce customer” and enhance Maersk's ability to…
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Forecast: shippers to face elevated costs for two years
Shippers will face elevated costs for at least two years, according to a forecast from freight transportation analysis firm FTR finding that shipping conditions improved slightly in May but were still among the six least favorable…
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Strait of Hormuz traffic is “effectively back to pre-ceasefire status”
Following the Trump Administration’s move on Tuesday to resume bombing Iran after an interim “memorandum of understanding,” freight traffic through the Strait of Hormuz is effectively back to pre-ceasefire status, analysts…
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Port of Long Beach posts third-busiest June on record
The Port of Long Beach on Monday said it posted its third-busiest June on record, despite months of uncertainty surrounding tariffs, inflation, and global trade.By the numbers, the Port of Long Beach moved 779,331 twenty-foot equivalent…
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Project44 splits its shipment visibility tech into two businesses
Supply chain tracking and visibility tech firm Project44 will separate into two businesses, as the original parent company will serve enterprise shippers, while the newly launched “LSP44” targets logistics service providers (LSPs).In the…
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Oil price shocks ripple through trucking shipping markets
The effects of oil price shocks are rippling through shipping markets, with Q2 data showing fuel rates actualized at higher-than-projected levels and Q3 estimates predicting rates will stick at elevated levels or even higher, due to…
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Port of LA offers $300k incentive to buy electric drayage trucks
The Port of Los Angeles is offering an incentive of up to $300,000 per vehicle for each battery-electric, Class 8 drayage truck purchased by Licensed Motor Carriers (LMCs) currently registered in the port’s Drayage Truck…
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Georgia Ports names Price to succeed Lynch as CEO
The Georgia Ports Authority will soon have new leadership, as the organization reports that Kevin Price stepped into the position of president on July 1, and will ascend through GPA’s transition plan to become president and CEO on…
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