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10.06.26 - 16:24
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Amazon Freight Expansion Sparks Selloff Across Trucking Stocks (ZeroHedge)
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Amazon Freight Expansion Sparks Selloff Across Trucking Stocks
Less-than-truckload freight stocks fell in premarket trading in New York after Amazon roiled the industry yet again - this time by announcing expanded LTL services to cover all U.S. destinations, including third-party warehouses, distribution centers, and retail partners.
"Businesses now have the flexibility to ship by pallet, choosing LTL to share trailer space for partial loads instead of reserving and paying for a full truckload," Amazon wrote in a press release, adding, "Since 2019, Amazon LTL has served tens of thousands of Amazon selling partners and vendors, moving millions of pallets across its U.S. network last year. The company is now expanding the service based on strong positive feedback and growing customer demand."
Among the movers in premarket trading, FedEx Freight fell 2%, Old Dominion declined 6%, Saia sank 7%, and ArcBest dropped nearly 8%.
LTL services are part of Amazon Supply Chain Servic...
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10.06.26 - 11:01
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Trotz Iran-Krieg: Saudi-Arabien mit neuer Airline (DPA-AFX)
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RIAD (dpa-AFX) - Trotz massiver Beeinträchtigungen im Flugverkehr durch den Iran-Krieg lässt Saudi-Arabien eine neue Airline abheben. Eine Maschine der neuen Gesellschaft Riyadh Air landete Mittwoch aus der saudischen Hauptstadt Riad kommend in London, ......
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10.06.26 - 05:12
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China Unveils Nuclear-Powered Floating Hub For Green Shipping (ZeroHedge)
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China Unveils Nuclear-Powered Floating Hub For Green Shipping
China has proposed a large offshore logistics platform powered by nuclear energy that would function as both a cargo transfer hub and a refuelling/charging centre for ships, according to the South China Morning Post.
The concept, unveiled by Jiangnan Shipyard, combines port infrastructure, energy generation, and cargo handling into a single floating facility aimed at reducing emissions in maritime transport.
The project was presented at the Posidonia International Shipping Exhibition in Greece.
The SCMP writes that the platform would rely on a molten salt reactor as its primary energy source, supplemented by renewable technologies including solar and wind power. It would also feature systems for hydrogen production, synthetic green fuels, and electricity distribution. According to the company, the facility could generate clean power and fuels such as ammonia for both terminal operations and electric support vessels.
Jiangnan argues ...
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