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China’s property starts plunge to 2002 levels

China’s property construction collapse has taken new building starts back to levels last seen in 2002, raising fresh questions about the long-term outlook for iron ore and coking coal demand, even as dry bulk owners become increasingly bullish about freight markets. Research published today by Ursa Shipbrokers reveals…

Splash247 Maritime Аналитика
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Pamt Corp. reports Q3 net loss, books 109.1% truckload OR

Truckload carrier Pamt Corp. lost money again during the third quarter. Like other carriers , it pointed to elevated driver procurement costs and the spike in diesel fuel prices as the culprits. Pamt ( NASDAQ: PAMT ) reported a net loss of $8.1 million, or 38 cents per share, on Monday after the market closed. Earning…

FreightWaves Аналитика
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Intense Drone Attacks Target Ukrainian Ports on the Danube River

The Romanian Ministry of Defense reported that the ports of Ukraine on the Danube River were targeted by intense drone attacks on the night of November 1 to November 2. The ministry's statement number 353 did not provide information about the names of the targeted ports or the extent of the damage. F-16s, tasked with …

SeaNews Turkey Аналитика
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Arkansas truck blitz nets 183 English violations, 44 arrests in 48 hours

Arkansas Highway Police and federal law enforcement agencies conducted a sweeping 48-hour commercial vehicle enforcement operation that resulted in 183 English-language proficiency violations, 44 criminal arrests and more than 1,000 motor carrier safety violations. The crackdown, dubbed Operation Highway Shield , took…

FreightWaves Аналитика
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FedEx Freight sees volumes stabilize, eyes Q4 margin improvement

The nation’s largest less-than-truckload carrier, FedEx Freight, said Thursday that volumes have continued to stabilize and that it expects to see stronger operating leverage next year as a standalone company. Its local, dedicated LTL sales teams are seeing business wins and driving a better freight mix across the net…

FreightWaves Аналитика