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Brain-damage causing trucker narrowly escapes more severe criminal sentence

A truck driver who was convicted and sentenced for dangerously driving his truck in a way that caused grievous bodily harm and severe brain damage to a young woman has escaped a much more severe sentence owing to bureaucratic failings. Drug-driving abuse Truck driver Marc Antony Palmer (34 years old at the time of his …

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Marine container terminal operator threatens longshoremen with mass redundancies

A simmering industrial dispute in Australia burst into fire this morning when maritime box terminal operator DP World Australia used local media to threaten longshoremen with job losses if they won’t agree to a new collective employment deal. Strikes have also been confirmed for DPWA’s box terminals in Brisbane and Fremantle in addition to the …

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Will IMO 2020 pull Asia containers from East to West Coast?

The Panama Canal is designed as a shortcut. It’s the most impressive shortcut ever built in the history of mankind. For shippers sending U.S. liquefied natural gas and liquefied petroleum gas to Asia, it drastically reduces voyage time. But when it comes to Asian containers being shipped to the U.S., the Panama Canal is not …

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Survey finds Asia-Pacific B2B buyers prize `offline’ relationships as much as e-commerce

A survey of 600 industrial buyers in three Asia-Pacific countries found that buyers rely as much on traditional forms of procurement channels as they do on e-commerce, and that so-called offline relationships are as valuable as ever. The survey of buyers in China, Japan and Thailand appears to support the age-old relevance in Asia of …

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IBM beats earnings estimate despite falling revenue

International Business Machines (IBM) surpassed earnings expectations for the second quarter of 2019. The company reported earnings of $3.17 per share (EPS), significantly higher than the consensus estimate of $3.08. IBM (NYSE: IBM) has surpassed EPS estimates every quarter over the past two years, and this beat allows the computer services giant to continue its …

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North Dakota files petition to block Washington state from restricting oil train shipments

North Dakota filed a petition on the afternoon of July 17 asking the federal government to block the state of Washington from enforcing a law that would restrict crude oil-by-rail shipments that pass through that state. Supporters say the law would reduce the risk of explosions and potentially fatal derailments. Opponents say it prevents North …

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Another truckload carrier announces earnings warning

Add Covenant Transportation Group (NASDAQ: CVTI ) to the group of truckload (TL) carriers that won’t be able to meet analyst expectations for the second quarter of 2019. Earlier today (July 17, 2019), Knight-Swift Transportation Holdings, Inc. (NYSE: KNX ) modestly lowered its earnings outlook for both the second and third quarters of 2019 and …

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Tropical Storm Danas may delay shipments at East Asia ports

A tropical storm known internationally as Danas, but called Falcon in the Philippines, is spinning over the warm waters of the western Pacific Ocean. The storm could delay container freight at some ports in East Asia, while whipping up winds and dumping heavy amounts of rainfall. Satellite animation of Tropical Storm Danas (lower left-hand quadrant) …

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Former FedEx pilot warns lawmakers of cargo safety gap

Less stringent requirements for all-cargo airline operations compared with those for passenger operations are causing unnecessary safety risks, an airline representative has warned. Testifying on July 17 before the U.S. House Transportation & Infrastructure subcommittee on aviation, Joe DePete, president of the Air Line Pilots Association and a former pilot with FedEx Express, said that …

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Trailer orders plunge to 10-year low in June

Preliminary orders for new trailers fell to the lowest level in nearly a decade in June as fleets try to figure out their real needs after placing record orders in 2018. Net orders of 6,200 trailers were about half the total reported by ACT Research because cancellations swelled. Adjusting for seasonal factors brought volume to …

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