After four years in the doldrums, the specialized chemical tankers that ply the seas between the United States and Asia are set to generate bumper profits for the handful of companies that own and operate them.
There is frustration from the Freight Transport Association, which has complained that, whilst its members who operate road haulage fleets are spending hundreds of thousands of pounds retrofitting existing equipment to improve visibility in order to lessen the danger to cyclists, the pace of change from the relevant authorities to allow better designed heavy goods vehicles has been lamentably slow.
International expansion has become an established route to generating revenue growth for UK retailers, but the logistics of moving products across the globe can often put a strain on efficiency and profits.
Total intermodal traffic grew in the third quarter of 2013 by 4.7 percent, year-over-year, attributable to gains across the board, according to the Intermodal Association of North America. Domestic container volume continued to lead intermodal growth, posting a year-over-year increase of 9.4 percent, and combined with a 1.2 percent boost in intermodal trailer volume for the same period, all domestic equipment experienced 7.6 percent year-over-year gains during the third quarter of 2013.
Clean Energy Fuels Corp. announced that it has placed a purchase contract on property where it hopes to build a liquefied natural gas (LNG) fuel terminal in Jacksonville, Fla. This would be the first LNG facility on the Eastern seaboard to specifically supply LNG for the maritime, heavy-duty trucking and rail industries.
Shipper demand for 40-foot high-cube containers is still increasing, creating stowage problems for ocean carriers and analytical difficulties for trade forecasters using TEU measurements.
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