Page 10 - Freight Waves News Today

Truck drivers and companies are getting the hardest blow as diesel prices in Iowa average $5.29—which is almost $2 more than it was a year ago!

Russia’s ocean container imports continue to collapse as shipping lines wind down the last remnants of their services to the country’s ports. Russia — now effectively a pariah within Western logistics circles — still has cargo import options. Yet the loss of virtually all of its ocean shipping links makes obtaining consumer goods and components ...

Monday was a rough day all around on Wall Street but particularly painful for owners of ocean shipping stocks, which fell much more sharply than the broader market. Concerns over China’s economy, oil demand, Fed tightening and inflation added up to one of the worst trading sessions of the year for shipping names. From tankers ...

Paccar Inc. has issued a recall of more than 17,600 Peterbilt and Kenworth trucks produced between 2018-2020 due to safety concerns.

Paccar Inc. has issued a recall of more than 17,600 Peterbilt and Kenworth trucks produced between 2018-2020 due to safety concerns.

Paccar Inc. has issued a recall of more than 17,600 Peterbilt and Kenworth trucks produced between 2018-2020 due to safety concerns.

Paccar Inc. has issued a recall of more than 17,600 Peterbilt and Kenworth trucks produced between 2018-2020 due to safety concerns.

Paccar Inc. has issued a recall of more than 17,600 Peterbilt and Kenworth trucks produced between 2018-2020 due to safety concerns.

Retail gasoline prices in the U.S. are up 45% year on year. Diesel used by American truckers is up 75% and just hit an all-time high. But this is not just an American problem. Pain at the pump is global. And so-called product tankers — ships designed to transport cargoes such as diesel, gasoline and ...

Container lines will post more all-time highs for the first quarter, but could that mark their earnings peak? Evidence of market softening continues to mount in the container equipment business. The higher consumer demand and port congestion rises, the more container lines and leasing companies pay for newly manufactured containers, the higher the production of ...