A study prepared for the Directorate-General for Climate Action found that savings from Flettner rotors and wing sails are seen as comparable.
President-elect Donald Trump warned German automakers of a 35 percent tariff on imports from Mexico if they continue producing cars there instead of building them in the United States.
Alain Bédard, chairman, president and chief executive officer of TFI International, formerly known as TransForce, said the acquisition diversifies the company into the medical last mile business.
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The joint container venture between Japan’s ‘Big 3’ will have a fleet capacity of 1.38 million TEUs, making it the sixth largest in the world, and when their 23 new ships are delivered, the merged operation will become the fifth largest carrier.
Jakob Stausholm, chief financial officer at Maersk Line, said the Danish ocean carrier's gains in market share, utilization, and lower unit costs have been overshadowed by very low freight rates.
The Port of Long Beach Harbor Commissioners approved the sale of Hanjin Shipping’s 54 percent stake in Total Terminals International to MSC and its sister company Terminal Investment Ltd. Wednesday night by a 3-to-1 vote.