In November, Class 8 truck orders totaled 33,000 units. However, they fell for the second month in a row following record bookings in September. Supply chain issues, growing backlogs, and a slowing economy are all likely to prevent large monthly orders from being placed in the near future. Orderbooks are...
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Ship fuel prices are falling even as the Russia-Ukraine conflict continues.
When Russia invaded Ukraine, the price of ship fuel skyrocketed to all-time highs. Prices are still historically high, but they have now returned to prewar levels. Ship fuel is becoming less expensive as concerns about future demand weakness drive down the price of oil. According to Ship & Bunker, the...
The Georgia Ports Authority will relocate breakbulk operations to Brunswick.
The Georgia Ports Authority intends to relocate breakbulk cargo from the Port of Savannah's Ocean Terminal to the Port of Brunswick's Colonel's Island Terminal as part of a larger effort to expand container operations at the Port of Savannah. GPA intends to realign the Savannah docks and relocate the breakbulk...