India makes power plants import coal to avert looming crunch
India has brought back requirements for power plants to import some of the coal they are using as it seeks to build stockpiles and avert…
40Seas, a new fintech platform designed to modernize cross-border trade financing, secures funding of $111 million from ZIM and Team8
• Funding equity round, led by Team8 with participation from ZIM, comes as fintech startup emerges from stealth mode to close the $1.7 trillion global…
China purchases of Australian coal up to firms, envoy says
Chinese companies must decide whether to resume imports of Australian coal, China’s ambassador to Australia said, continuing to deny any embargo on the country’s exports,…
Wholesale U.S. electricity prices were volatile in 2022
Average wholesale electricity prices at major trading hubs in the United States rose throughout much of 2022 and were, at times, volatile as a result…
EIA expects record global petroleum consumption in 2024, with lower crude oil prices
The U.S. Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in…
UK joins space-launch club as Virgin Orbit rocket blasts off
Virgin Orbit Holdings Inc. fired a rocket toward space from beneath the wing of a Boeing Co. 747 aircraft that took off from southwest England,…
U.S. airlines’ November 2022 fuel cost per gallon down 3.8% from October 2022; aviation fuel consumption down 3.2% from pre-pandemic November 2019
The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ November fuel cost and consumption numbers indicating U.S. scheduled service airlines used…
American Public Transportation Association congratulates Rep. Graves, new Chair of House Committee on Transportation and Infrastructure
“The American Public Transportation Association (APTA), representing an $80 billion industry that directly employs 450,000 people and supports millions of private-sector jobs, congratulates U.S. Rep.…
Shipping shifts course to cut emissions with OrbitMI and DTN API solutions for weather-optimized voyage routing
Shipping companies are piloting an innovative cloud-based solution for weather-optimized voyage routing launched by OrbitMI that allows routes to be plotted automatically based on cost,…
AAL transports 20,000frt of iron ore reclaimer components for NMT in Australia
AAL's scheduled monthly ‘Asia to Australia West Coast Liner Service’ (AUWC) recently provided the perfect solution for global project logistics provider NMT and its client,…
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