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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

Cargo Processing in Texas Improved at Del Rio Land Port

Better processing of commercial vehicles by the U.S. Customs and Border Protection in Texas at the Del Rio Port of Entry is resulting from a small donated infrastructure project.

January 18, 2024

Port of Long Beach CEO Cordero Details Upcoming Projects

Port of Long Beach officials were upbeat about prospects for the facility even as its 2023 performance was down 12.2% year-over-year.

January 18, 2024

Panama Canal’s Drought Traffic Dip Could Cost $700 Million

PANAMA CITY — A severe drought that began last year has forced authorities to slash ship crossings by 36% in the Panama Canal, one of the world’s most important trade routes.

January 18, 2024

States Waive HOS for Fuel Deliveries Amid Severe Weather

Governors from several states have issued emergency proclamations waiving federal hours-of-service requirements for truckers carrying fuel, to prevent shortages in extreme weather.

January 18, 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

US Calls Houthi Shipping Threat an ‘All Hands on Deck’ Issue

The U.S. launched a new strike against the Yemen-based Houthis on Jan. 16, hitting anti-ship missiles in the third assault on the Iranian-backed group in recent days, the U.S. military said.

January 16, 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