The outlook for US imports appeared bleak in September when volumes fell by double digits year on year compared to August. If imports had continued to fall at the same rate as in September, they would have fallen below pre-COVID levels in October. However, imports did not continue to fall...
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Fuchs Trucking, based in Wisconsin, has been acquired by Ascend.
Ascend announced Monday its fourth acquisition of the year, the acquisition of Fuchs Trucking LLC, a regional truckload carrier based in Sauk City, Wisconsin. Fuchs Trucking, founded in 1955, serves customers in the building materials and furniture industries. According to the Federal Motor Carrier Safety Administration, the Midwestern dry van...
Propane tankers exceed $100,000 per day in energy shipping.
Shipping of fossil fuels is increasing and shows no signs of slowing. Some very large gas carriers (VLGCs) now charge over $100,000 daily. Liquified natural gas (LNG) carriers surpassed the six-digit mark several months ago. The most fuel-efficient, very large crude carriers (VLCCs) have also passed that mark. When commodity...