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Government, Business, Fuel, Logistics

Exports Boosted US Shale Market, but Long-Term Demand Uncertain

The Theo T oil tanker sits docked at a facility in Corpus Christi, Texas, in December 2015. The Theo T oil tanker sits docked at a facility in Corpus Christi, Texas, in December 2015. (Bloomberg News)

These past five years could very well go down as the best years that U.S. shale oil exporters will ever see.

January 12, 2021
Business, Logistics

ABF Freight President Tim Thorne Announces Retirement Plans

ABF Freight truck ABF Freight truck at NTDC 2018. (John Sommers II for Transport Topics)

The president of less-than-truckload fleet ABF Freight will retire later this year after more than three decades with the carrier, parent company ArcBest announced.

January 11, 2021
Business, Fuel, Logistics

Winter LNG Boom Creates Most Expensive Cargo Ships in History

Tug boats tow an LNG vessel in Geoje, South Korea, in February 2019. (SeongJoon Cho/Bloomberg News) Tug boats tow an LNG vessel in Geoje, South Korea, in February 2019. (SeongJoon Cho/Bloomberg News)

An unprecedented shortage of liquefied natural gas tankers has made them the most expensive ships ever hired to ferry commodities.

January 11, 2021
Business, Technology, Logistics

Chips Shortage Hits Global Automakers

A circuit board is inspected under a magnifying lens inside Continental AG's factory in Germany. A circuit board is inspected under a magnifying lens inside Continental AG's factory in Germany. (Krisztian Bocsi/Bloomberg News)

A semiconductor shortage is pinching some of the world’s biggest auto manufacturers, costing Daimler AG, Nissan Motor Co., Honda Motor Co., Ford Motor Co. and Fiat Chrysler Automobiles NV production for a range of cars.

January 8, 2021
Government, Business, Technology, Safety, Logistics, Autonomous

FHWA Awards Grant Supporting AV Truck Project at Port of Virginia

Port of Virginia The Port of Virginia received $2.1 million to assist in efforts to make the terminal “autonomous truck ready,” according to FHWA’s announcement. (Luke Sharrett/Bloomberg News)

The Federal Highway Administration recently awarded $49.6 million to support projects that incorporate transportation-related technologies.

Eleanor Lamb | Staff Reporter
January 6, 2021
Business, Equipment, Logistics

The JZ Expedited Cos. Eyes Expansion of Site in Jacksonville

JZ Expedited Cos. JZ Expedited Logistics is a subsidiary of The JZ Expedited Cos. (JZ Expedited Logistics via YouTube)

The JZ Expedited Cos. announced it secured a first right of refusal to develop an additional 45-acre parcel as it seeks to expand its inland marine terminal business model in Jacksonville, Fla.

Roger Gilroy | Senior Reporter
January 6, 2021
Business, Logistics, Top 50

Amware CEO Outlines Moulton Logistics Acquisition

Amware warehouse Amware

Amware Fulfillment CEO Harry Drajpuch detailed Jan. 5 how the recent acquisition of Moulton Logistics helps bolster ongoing growth strategies.

Connor D. Wolf | Staff Reporter
January 6, 2021
Government, Business, Fuel, Logistics

US Imports No Saudi Crude Oil for First Time in 35 Years

An oil pumping jack operates in Texas. (Matthew Busch/Bloomberg News) An oil pumping jack operates in Texas. (Matthew Busch/Bloomberg News)

The U.S. didn’t import any Saudi crude the week of Dec. 28 for the first time in 35 years, a reversal from just months ago when the Kingdom threatened to upend the American energy industry by unleashing a tsunami of exports into a market decimated by the pandemic.

Sheela Tobben | Bloomberg News
January 6, 2021
Business, Logistics, Top 50

Maersk Says Record Shipping Rates Unlikely to Have Peaked Yet

A container ship operated by Maersk leaves the Port of Felixstowe in the U.K. on December 2020. (Chris Ratcliffe/Bloomberg News) A container ship operated by Maersk leaves the Port of Felixstowe in the U.K. on December 2020. (Chris Ratcliffe/Bloomberg News)

A.P. Moller-Maersk A/S, the world’s largest container carrier, is working at full capacity and can’t yet see a peak in freight rates that have already been propelled to record highs by pandemic consumer spending.

Christian Wienberg | Bloomberg News
January 6, 2021
Business, Logistics

Amazon Makes First Aircraft Purchase to Expand Delivery Network

An Amazon Prime Air cargo jet sits at Cincinnati/Northern Kentucky International Airport in Kentucky. An Amazon Prime Air cargo jet sits at Cincinnati/Northern Kentucky International Airport in Kentucky. (Luke Sharrett/Bloomberg News)

Amazon .com Inc. is buying 11 used Boeing 767-300 planes, the first time the online retail giant has purchased, rather than leased, aircraft for its fast-growing air cargo operation.

Matt Day | Bloomberg News
January 5, 2021

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