Meeting the EU road emissions targets will not be achieved by focusing exclusively on electric vehicles, with the combustion engine likely to play a significant role over the next two decades. READ SOURCE...
Tesla has increased the starting price of its Model Y crossovers in China, after the company’s aggressive price cuts at the beginning of the year ignited an electric vehicle (EV) price war. The EV-maker raised the price for the...
Maersk must contend with volumes, market share in steady decline: analystIf Maersk’s volumes and market share continue to slip, the reduction in size will eventually challenge profitability aspirations in a market where some competitors are increasing their scale benefit, writes...
New Delhi: The Centre has set a target of ₹6,700 crore from asset monetisation in the port and shipping sector for FY24.Key projects on the block include ₹2,000 crore berth at the Deendayal Port (Kandla, Gujarat), ₹980 crore container terminal...
The US Department of Transportation’s Maritime Administration is on the hunt for port projects that mitigate climate change, among other aims, as it lays out grant funding opportunities for 2023. READ SOURCE...
Japan’s Nissan and Toyota reported a surprise jump in third-quarter operating profits on Thursday, with both automakers benefitting from a weak yen. Nissan saw its profit surge 155%, while Toyota Motor posted a 22% rise in profits despite the...
Primarily an industrial transportation sector, the LTL business is moving into retail and is also becoming more involved in transloading at US port cities. READ SOURCE...
Increased vessel capacity, reliability key to 2023 reefer rebound Refrigerated container trade was muted in 2022 due to high costs and poor service, but ocean carriers appear keen to serve those markets in 2023 now that dry cargo rates have...
Gautam Adani’s ports unit will repay a debt of around 50 billion rupees ($604.6 million), as the beleaguered Indian tycoon seeks to improve a leverage metric at his firms following a short seller attack that has put his empire’s financial...
US retailers offer little optimism in gloomy H1 import forecastThe uncertain direction of the US economy is prompting consumers to hit the pause button on their buying habits, forcing a major retail group to further downgrade import projections through the...
