freight

Last Updated: December 19, 2022, 12:52 ISTQantas expands domestic flights. (Photo: Qantas Airline)The Qantas airline said that its freight airline network would carry around 26,000 tonnes of freight both domestically and internationallyAustralian flag carrier Qantas announced on Monday that it is expected to recover almost 75 percent of its domestic freight on pre-Covid levels as online shopping deliveries ramp up ahead of Christmas.The airline said that its freight airline network would carry around 26,000 tonnes of…

A Union Pacific freight train carries goods east near Palm Springs, California, a key link in the roadways and railways that connect the southern California metropolitan areas, as well as the busiest port complex in the nation, with the rest of the U.S.David Mcnew | Getty Images News | Getty ImagesUnion Pacific is pausing the use of embargoes on its freight network, a practice that had increased significantly this year and led the Surface Transportation Board to call Union Pacific CEO Lance Fritz and other of the rail's…

Autonomous and EV freight technology company Einride announced its future has been hardened by $500 million in financing. The mobility company intends to use the fresh funds that also includes a Series C equity raise to support all-electric truck production and expand the development of its autonomous and digital fleet management technology. Einride is a Swedish freight technology company founded in 2016 that develops electrified commercial trucks and fully autonomous Class 8 trucks in addition…

The Freight earnings of Indian Railways registered an increase of 16 per cent till November of this fiscal year as compared to the same period last year, shared the Ministry of Railways in a press release on Thursday (December 1). The ministry has stated that the railways’ freight loading for the first eight months of this financial year has crossed last year’s earnings during the same period. According to the data shared by the national transporter, a freight loading of 978.72 MT was achieved from April to November 2022.…

Credit: CC0 Public Domain Diesel-fueled freight trucks play an outsized role in producing India's total greenhouse gas and air pollution emissions. While the country has promoted policies to transition to electric vehicles for public transportation buses and cars, batteries that can power such large trucks have been too heavy and expensive to make their electrification possible.…

Unicorn Flexport is revolutionizing the world of logistics, serving as a freight forwarder with software that enables customers to manage their shipments. But there are still thousands of smaller freight forwarders, many running on outdated ERP software or spreadsheets. A startup called GoFreight wants to help them compete by providing the “Shopify of freight forwarding,” with backend software that makes their operations run more smoothly, and a frontend that lets them set up a storefront and provide quotes in a few…

Union Railway Minister Ashwini Vaishnaw will expand the dedicated freight corridor in the country. Jharkhand, Orissa, and Chhattisgarh will witness this development in the coming years. The announcement was made by the minister on the foundation day of the Dedicated Freight Corridor Corporation of India. A source said that the work and layout of the plan are underway in two of these states. Soon, the third state will also initiate the process. This will reduce the time for the passengers to reach their destination.…

Union Pacific Corp.’s UNP -6.29% third-quarter profit rose 13% from a year earlier to $1.9 billion as it shipped more cargo, but reported continued pressure on its operations from higher costs of equipment, fuel and labor. Business volumes rose 3% despite some customers in September seeking alternate modes of freight transport amid the threat of a national labor strike. Freight revenue rose 18% to $6.11 billion.…

Daily freight rates to ship liquefied natural gas are at a record high, and prices are expected to climb further as winter approaches.Spot rates for ships commonly used to transport LNG are at $450,000 this week, a sixfold increase since the start of this year, according to the Baltic Exchange a London-based, freight-information provider. Brokers expect daily rates along main trade routes, including one from Texas to Northern Europe, to climb to $500,000 this month as the demand to charter ships remains high. In 2021,…

Lighter than its predecessors, but with more freight carrying capacity, the railways first indigenously manufactured aluminium goods train rake was flagged off from Bhubaneswar in Odisha on Sunday. Manufactured in collaboration with Besco Limited Wagon Division and aluminium major Hindalco, it also has a lower carbon footprint for every 100 kg of weight reduction in wagons, the railways said. India’s first aluminium freight rake #AatmanirbharBharat– single rake in its lifetime saves over 14,500 tonnes of CO2,♻️ 85%…