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Houston Has A Problem as Traffic Drops, Fire Rages

A petrochemical fire near Port Houston, Tx. comes as the port has already been struggling with falling volumes handled. General cargo exports fell 23.8% year over year in February while containerized freight fell 0.1%, ending a 12-month run of growth. The slippage was caused in part by an 11.1... Read more →


Fedex Focuses on Profitability as Revenue Growth Slows

Fedex reported fiscal 3Q, or calendar 1Q, revenue growth of just 2.9% compared to a year earlier. That was the slowest rate for the third party logistics provider since 2Q 2015. The slowdown was widespread across the business with the express parcel segment saw a 1.0% drop in revenues. The com... Read more →


ONE Beats 2M As Norfolk Bucks The National Downward Import Trend

Container handling through the port of Norfolk and its neighbors climbed 4.3% year over year in February. A 5.0% improvement bucked the national trend of declining volumes. While shipments from China fell 7.0% there was a marked improvement in shipments from Europe and the rest of the world. T... Read more →


BP’s New Fuels Carry Significant Costs for Shipping Lines

Oil refiner BP has launched its range of IMO-compliant shipping fuels ahead of the implementation of new sulfur emission regulations in 2020. Shipping lines face a significant increase in costs in 2020 given the new fuels cost $188 per ton, or 45.2%, more than high sulfur fuels according to S&... Read more →

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