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Kazakhstan to complete investigation into deaths of servicemen during Caspian Sea exercises soon

EXCLUSIVE: ‘Humor is good,’ Union Pacific CEO says of video rate threat

The chief executive of Union Pacific says he wasn’t serious when he threatened to raise rates for shippers that didn’t support UP’s merger with Norfolk Southern . Vena, who frequently peppers his public comments with joking asides, characterized the comment made to a shippers group as “a little humor” in a message to …

Teamsters say they’ve organized Amazon employees in Indiana; company demurs

The Teamsters are claiming victory for a group of “W-2” drivers at an Amazon facility in Indiana who sought representation by the union. But as with the entire Amazon-Teamsters relationship, it’s complicated. In its prepared statement announcing the “march” on the company to demand it bargain for a contract, the Teams…

Brazilian builds boat from rubbish to collect more rubbish

A former Brazilian ocean canoeing champion has taken recycling to a floating extreme, constructing a boat from 230 discarded plastic containers so he can collect even more rubbish from the sea. Marcos Arnhold spent two months building the unusual craft in Guaratuba, southern Brazil, using 125 two-litre plastic bottles…

Mexico cargo thieves shift tactics as Q3 truck parking thefts surge

Cargo thieves in Mexico are increasingly targeting parked trucks, shifting operations toward the country’s industrial heartland and exploiting nighttime security vulnerabilities. “Now, in Mexico, you can’t move loads without a plan,” Luis Enrique Villatoro, president of the Mexico-based National Association of Vehicle…

Conrail tabs Wright as president and chief operating officer

Conrail has named John Wright its new president and chief operating officer, bringing aboard a freight rail veteran with decades of operating and executive experience. Wright most recently served as general manager of Indiana Harbor Belt Railroad, a 600-employee switching and belt-line railroad based in Hammond, Ind. …

A Super El Niño Is About To Test Which Freight Enterprises Plan For Impact And Which Only React

For most enterprises the first sign of a winter storm is still a broad, countrywide warning, the kind that tells a leadership team something is coming but says nothing about which lanes will fail, which distribution centers sit in the path, or which customer commitments are about to slip, and in a season shaping up to…

STB orders Union Pacific to make alleged rate hike threat video public

The Surface Transportation Board has ordered Union Pacific to make public a recording of Chief Executive Jim Vena’s remarks to a shipper conference, rejecting the railroad’s appeal in a dispute over whether he threatened customers who oppose its proposed acquisition of Norfolk Southern (NYSE: NSC ). The board’s Nov. 4…

Behind The Capitol Christmas Tree Is A Kenworth, Four Drivers, And A 2,000 Mile Haul Only Trucking Can Pull Off

Every December a towering evergreen rises on the West Lawn of the U.S. Capitol and gets called the People’s Tree, but before a child from its home state flips the switch to light it, the tree has to survive something most of the public never stops to consider, a journey of more than 2,000 miles from a remote national …

Harbinger raises $240M to expand EV platform beyond trucks

Harbinger raised $240 million in Series D funding to push its electric vehicle platform into energy storage, power generation, autonomy, and defense while it ramps production for a 2,000-truck order from FedEx . Tiger Global, Capricorn’s Technology Impact Fund, and Ridgeline co-led the round, the Garden Grove, Califor…

Humble Robotics raises $51M for cabless hauler pilots

Humble Robotics raised a $51 million Series A on Thursday to move its cabless, electric Humble Hauler into customer pilots on port drayage and warehouse runs. Obvious Ventures led the round, with participation from existing investors Eclipse and Energy Impact Partners. The raise brings the San Francisco startup’s tota…

US Army enlists FedEx to modernize logistics at depots

FedEx Corp. has made clear that its future lies with premium B2B logistics services in key industrial verticals that require precision execution, such as automotive, healthcare, aerospace and data centers — not cheap last-mile delivery for online retailers. Add the defense sector to the list of industries the freight …

Kazakhstan, Jordan Focus on Security, Trade and Regional Stability

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Kazakhstan and Jordan discussed regional and global security challenges, as well as ways to expand bilateral cooperation during talks between President Kassym-Jomart Tokayev and King Abdullah II Bin Al Hussein in Astana on No…

Buying Trucks in a Buyer’s Market: What Owner-Operators Are Weighing Right Now

The scramble is over. Carriers and owner-operators who spent the past few years chasing build slots, paying inflated prices for used units and taking whatever iron they could find are now facing a different problem: plenty of options and very little margin for a bad decision. Lead times have stabilized, used pricing h…

Maersk raises profit outlook as earnings surge, but shares slide on expectations miss

A.P. Moller-Maersk raised its full-year earnings forecast on Thursday after higher freight rates drove a sharp increase in third-quarter profit, but its shares fell as the results and upgraded outlook disappointed investors. The stock dropped as much as 11.6% in Copenhagen trading. The Danish shipping and logistics gr…

Americold raises full-year outlook as warehouse performance improves

Americold Realty Trust raised its full-year earnings outlook Thursday after reporting higher third-quarter revenue and improved warehouse margins, while a one-time gain from its joint venture with EQT drove a sharp swing to profit. The temperature-controlled logistics company (NYSE: COLD ) based in Atlanta reported ne…

Narxoz Conference Explores Central Asia’s Path to Stronger Regional Cooperation

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Central Asia’s role in shaping global governance, strengthening regional cooperation and advancing sustainable development was the focus of an international conference hosted by Narxoz University on Nov. 4 in Almaty, the univ…

Kazakh Prosecutor General Keeps Mangystau Military Investigation Under Oversight

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – More than 300 people have been questioned and over 30 forensic examinations and expert studies have been conducted as part of an investigation into the deaths of servicemen during a military exercise in the Mangystau Region, …

Port strike delayed again at Los Angeles, Long Beach ports

A potential strike by port watchmen at Los Angeles and Long Beach has been delayed again after the Pacific Maritime Association and International Longshore and Warehouse Union Local 26 agreed to extend their contract through midnight Pacific Time on Friday. Negotiations will continue Friday with assistance from federa…

BP raises over $1bn from Aker BP stake sale

British energy major BP has raised about $1.06bn by selling part of its stake in Norwegian oil and gas producer Aker BP as it continues efforts to strengthen its balance sheet. The company sold 31.6m shares, representing around 5% of Aker BP’s total issued share capital, for NOK311 per share. The transaction generated…

Kazakhstan Advances in Global Digital Rankings as AI Infrastructure Expands

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Kazakhstan has improved its standing in several international digital development rankings, with progress in artificial intelligence readiness and e-government services highlighting the country’s growing role in the global te…

Tokayev signs law on opening customs service offices of Kazakhstan and Uzbekistan

IFC Invests $ 33 Million to Modernize Agricultural Services in Central Asia

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Eurasia Group has secured $33 million in financing from the International Finance Corporation (IFC), a member of the World Bank Group, to expand agricultural machinery distribution, maintenance and farmer training networks in…

Evergreen’s Suez return leaves Zim increasingly isolated

The container shipping industry’s long detour around southern Africa is rapidly coming to an end, with Taiwan’s Evergreen preparing to send its first ships through the Suez Canal after almost three years of avoiding the Red Sea. According to liner consultancy Linerlytica, Evergreen will deploy the 16,556 teu Ever Eon …

Kazakhstan Strengthens Export Push with New Istanbul Trade Office

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Kazakhstan has opened a QazTrade office in Istanbul to help domestic manufacturers enter the Turkish market and find business partners in other countries, Kazinform reported on Nov. 4. A new Qaztrade office is located in Ista…

Kazakhstan Proposes UN Cybercrime Center in Astana

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA — Kazakhstan has proposed establishing a United Nations regional center to combat cybercrime in Astana, as representatives from 27 countries and international organizations gathered in the capital on Nov. 4-5 to discuss cross-b…

Beyond Memorandums: How Cyberport and Central Asia Are Building Startup Bridge

The Astana Times provides news and information from Kazakhstan and around the world. HONG KONG – Hong Kong’s Cyberport is looking to deepen its ties with Central Asia as technology hubs in Kazakhstan and Uzbekistan seek to connect their startup ecosystems with international markets, investors and partners. In two sepa…

Maersk upgrades profit outlook despite underperforming rivals

Maersk has raised its full-year earnings guidance for the third time this year, with the Danish shipping giant continuing to benefit from extraordinary freight rates, resilient cargo demand and widespread supply chain disruption. The Copenhagen-headquartered group now expects underlying EBITDA of between $14bn and $14…

Kazakhstan’s Foreign Ministry Reviews Plan to Promote President’s Address Abroad

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Kazakhstan’s Foreign Ministry held a collegium meeting chaired by Foreign Minister Mukhtar Tileuberdi to discuss the implementation of priorities outlined in President Kassym-Jomart Tokayev’s state-of-the-nation address, the …

Kazakhstan Prepares for High-Level Diplomatic Week with International Leaders

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – King of Jordan Abdullah II Bin Al Hussein will pay an official visit to Kazakhstan on Nov. 5-6 at the invitation of President Kassym-Jomart Tokayev, Aibek Smadiyarov, the president’s press secretary, announced on his Telegram…