The trucking and logistics sector demonstrated remarkable resilience during the 2024 holiday season, driven by strong consumer spending and the expansion of e-commerce. Despite a broader freight downturn, the sector's performance was bolstered by strategic planning, technological advancements, and
The Environmental Protection Agency (EPA) has recently announced a groundbreaking initiative aimed at transforming the operations of ports across the United States. With a combined allocation of $3 billion through its Clean Ports Program, the EPA is set to propel ports towards achieving
Navigating the marine and logistics insurance sector can be a daunting task due to its inherent complexities and the potential for significant financial losses. SUM Insurance, led by industry veterans, offers specialized insurance solutions tailored to the unique needs of this sector. This article
In a rapidly evolving logistics landscape, Kuehne+Nagel's recent decision to acquire a controlling stake in IMC Logistics could potentially mark a significant strategic move aimed at bolstering the company's market presence and service capabilities. This acquisition aligns seamlessly with
The ongoing labor dispute between the British Columbia Maritime Employers Association (BCMEA) and the International Longshore and Warehouse Union (ILWU) Local 514 has led to a significant lockdown of Canada’s western ports. This conflict has caused major disruptions in port operations and affected
Candela, a Swedish startup, is making waves in the maritime industry with its groundbreaking electric hydrofoil technology. In 2024, the company secured a Series C funding round of $40 million, including a recent $14 million investment led by SEB Private Equity. This financial boost is set to
