OTTAWA — Canadian lawmakers expressed increasing worry about the economic effects of disruptive demonstrations after the busiest border crossing between the U.S. and Canada became partially blocked by truckers protesting vaccine mandates.
February 8, 2022Search
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Wave of US LNG Ships Headed to Europe Sends Freight Rates Below Zero
The cost to transport a shipment of U.S. liquefied natural gas to energy-starved Europe turned negative, a dramatic reversal that illustrates a growing glut of ships in the Atlantic ferrying American fuel.
February 8, 2022Metals Prices Reach Record as Shipping Costs Surge
Surging prices of the raw materials needed for refrigerators, automobiles, window frames and plumbing show no signs of abating as America’s supply chain crisis spills into another year.
February 7, 2022Amazon’s $191 Billion Jump Sets Record for Market Value Gain
Amazon.com Inc. shares surged 14% on Feb. 4, adding about $191 billion in market value, after investors cheered its fourth-quarter earnings report. The advance was the biggest single-day gain in U.S. stock market history.
February 4, 2022CFI Plans to Upgrade Tractors, Raise Pay
TFI International operating company CFI on Feb. 2 detailed plans to upgrade its fleet equipment and increase driver pay this year.
February 4, 2022Yellow Reports Mixed Q4, 2021 Results
Less-than-truckload carrier Yellow Corp. reported mixed year-over-year fourth-quarter and full year earnings.
February 3, 2022Kansas City Southern Earnings Rise
As it undertakes a $30 billion merger, Kansas City Southern released its fourth-quarter and full-year 2021 financial report on Jan. 28.
February 3, 2022Bulk Shipping Rates Extend Slide on Weak Demand From China
A slowdown in China’s steel production is curbing demand for bulk ships to transport iron ore, driving a steady decline in global freight rates from October’s peak.
February 3, 2022C.H. Robinson Reports 55.7% Earnings Surge for Q4
C.H. Robinson Worldwide saw net income soar during the fourth quarter of 2021, the company reported Feb. 2.
February 2, 2022Port of Oakland Plans Pop-Up Terminal for Ag Exports
Beginning in early March, the Port of Oakland, with the help of the U.S. Department of Agriculture, will set up and operate a 22-acre, multimillion-dollar pop-up container yard specifically for agricultural exports.
February 2, 2022