Shippers are increasingly facing significant challenges navigating rail congestion at key U.S. West Coast ports, particularly Los Angeles, Long Beach, and Oakland, due to a confluence of high peak season demand, strategic rerouting to avert East and Gulf Coast strikes, and anticipated tariff hikes.
The trucking industry has long been recognized as a bellwether for the broader economy, signaling shifts in consumer demand, production, and logistics. In 2024, the spot trucking market has presented a cautious yet promising trend for carriers, characterized by an upward trajectory in spot rates.
The growing prominence of artificial intelligence (AI) in the parcel delivery sector is increasingly transforming interactions between delivery companies, shippers, and consumers. Major players like FedEx and UPS, along with smaller companies in the industry, are leveraging AI to enhance service
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
Over the past six years, the maritime industry has witnessed a significant surge in orders for dual-fuel ships, marking a notable shift towards decarbonization and future-proofing fleets. According to data from Veson Nautical, the proportion of container vessels equipped with dual-fuel engines has
Norway is currently evaluating the introduction of a new, long-range, aerial maritime surveillance drone for its military operations in the high north. This initiative is part of Oslo's broader defense strategy, particularly in light of increasing geopolitical tensions and renewed defense focus due
