Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
The "Oceanwings" sails can slash fuel consumption by 50-60% in ideal wind conditions.
Canopée is not your ordinary cargo ship. Towering with four sails, each 121 feet high, this vessel is making waves in the shipping world. While it still relies on diesel engines, the addition of these "Oceanwings" sails makes for more environmentally friendly transport. These sails can slash fuel consumption by 50-60% in ideal wind conditions. On average, Canopée expects to save about 30% on fuel, a big deal for a ship of its size. The vessel was built in Poland and first took to the waters in the latter part of 2022.
The Mission: Carrying Europe's Space Aspirations
Canopée has a special task. It's the chosen vessel for transporting parts of Ariane 6, Europe's latest and largest space rocket, across the Atlantic. This cargo is a crucial piece of Europe's space exploration puzzle, destined for the European Space Agency's spaceport in French Guiana. The vessel is expected to make eleven return trips to the region every year.
The Bigger Picture: Sustainable Seas
The International Maritime Organization is tightening the reins on shipping emissions, aiming for net zero by 2050. Innovations like Canopée's sails are pivotal in reaching these ambitious goals. With around 31 large wind-assisted ships currently in operation and more on the horizon, Canopée is part of a growing fleet leading the charge towards a greener future on the high seas.
Source: CNN
Shipping groups urge governments to intervene as Houthi attacks claim more lives and send freight rates soaring. Second vessel sinks in Red Sea.
East Coast port strike looms while LA imports fall slightly. But bigger storm brewing as ocean freight rates could hit $20,000 per container.
Container rates hit new highs, causing shipper worry. With tender rejections in LA hitting 2-year highs, FreightWaves' Craig Fuller is "bullish" on 2H recovery.
Plus, the Port of Los Angeles posted its 11th straight month of year-over-year gains in exports, processing 770,337 total TEUs, up 12% from last year.
Join over 10K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe now & be sure to check your inbox to confirm (and your spam folder just in case).
