Freight Waves
The sky may have fallen on freight market after new tariffs are implemented against China
“Like the “snap” in the Avengers movie, where the big bad villain, Thanos, eliminated half the life in the universe, something similar occurred to the freight market after the trade war escalated between China and the U.S earlier this month. It is hard to imagine the freight market being so fragile that one action — […]
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UPS places big order for renewable fuel in bid to hit ambitious sustainability target
“UPS Inc. (NYSE:UPS) said May 22 that it placed the largest order for renewable natural gas (RNG) in U.S. history with the purchase of 170 million gallon equivalents of the alternate fuel over the next seven years”. -According to article in freightwaves.com and its author Mark Solomon Read full story HERE Source and credits : freightwaves.com / Mark Solomon, Managing Editor
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Conditions for small fleets deteriorating and it will get worse
“For the freight market, 2019 has been shaping up to as a tug of war between the bulls and the bears. The large enterprise carriers that rely heavily on committed business (commonly referred to as “contract business”) have been enjoying a decent year, while the small carriers that are heavily exposed to the transactional spot […]
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Hydrogen trucks to get road-tested in Canada’s oil country
“Two tractor-trailers powered by hydrogen electric fuel cells will hit the highways of Alberta in a pilot program to test the viability of doing heavy-hauls over long distances in the western Canadian province”. – According to article in freightwaves.com and its author Nate Tabak Tabak also wrote – “Freightliner trucks outfitted with three 70 kilowatt Ballard Power Systems […]
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