Without clear carbon controls from the International Maritime Organization, the shipping industry may have to adhere to multiple sets of regional regulations, according to Esben Poulsson, chairman of the International Chamber of Shipping.
The Warren, Mich.-based trucking carrier and third-party logistics provider saw net income plummet 39.2 percent year-over-year to $24.2 million as revenues slid 5 percent to $1.07 billion, according to the company’s most recent financial statements.
Hyundai Heavy Industries’ shareholders on Monday voted to approve the company’s restructuring plans despite strong union opposition.
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A new cargo service across Lake Michigan is currently in the works, and could save shippers time and aggravation from having to truck cargo though the congested Chicago area.
Waymo, the automated vehicle subsidiary of Google parent Alphabet, has filed a lawsuit against Uber, alleging intellectual property theft and patent infringement by the co-founder of its recently purchased self-driving technology provider Otto.
Meanwhile, the parcel giant and third-party logistics provider also announced plans to offer Saturday delivery options in large metropolitan areas in the U.S., and has began testing a residential drone delivery system.