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Freight Elite Struggle to Hit Climate Goals as Demand Surges

Although there are signs of progress, the largest delivery companies have scaled back climate pledges and the industry isn’t keeping pace with climbing emissions from a global demand surge.

January 30, 2024

Canadian National Railway Maintains Earnings Growth Forecast

Canadian National Railway is sticking with its outlook for double-digit profit growth over the next few years, moving past a 2023 marred by labor strife, low grain shipments and a sluggish economy.

January 24, 2024

Red Sea Chaos Starting to Impair Profits Across Industries

With the Red Sea crisis roiling shipments of everything from cars to energy, it’s a matter of time before soaring costs and supply chain strains show up in companies’ earnings reports.

January 23, 2024

STB Calls for Status Hearing on Gulf Coast Amtrak Project

The U.S. Surface Transportation Board, which oversaw hearings into the possible restart of Gulf Coast rail during 2022, is calling the parties involved in the case for a status hearing.

January 22, 2024

Red Sea Attacks Disrupt Food Trade, Risk Higher Grocery Costs

Chaos in the Red Sea is starting to disrupt shipments of produce from coffee to fruit — and threatening to halt a slowdown in food inflation that brought some relief to strained consumers.

January 19, 2024

CMA CGM, Subsidiary Ceva to Buy UK Logistics Firm Wincanton

French shipping giant CMA CGM SA agreed to buy U.K. logistics company Wincanton Plc, part of the billionaire Saade family’s buying spree to diversify its transport operations.

January 19, 2024

Maersk, Hapag-Lloyd to Operate Some Ships as Joint Fleet

Global shipping giants Hapag-Lloyd and Maersk have struck a partnership deal to operate some of their ships as a joint fleet in the future, the companies announced Jan. 17.

January 17, 2024

Shipping CEOs See No Short-Term End to Red Sea Disruptions

The CEOs of two leading freight carriers said they expect Red Sea threats to disrupt shipping for weeks or months longer.

January 17, 2024

How the Red Sea Conflict Is Crimping Global Trade

The attacks on commercial ships in the Red Sea by Houthi rebels have rerouted most of the trade normally flowing through the crucial maritime artery for consumer goods and energy supplies.

January 12, 2024