Jefferies’ Omar Nokta believes container shipping investors are starting to look toward “the end of the destock and beginning of the restock.”
The benchmark used for most diesel surcharges rose for the first time in 10 weeks, but the market is not otherwise looking strong.
Israel Aerospace Industries has added a second overseas facility to carry out passenger-to-freighter conversions of the Boeing 777-300.
An industry trade group advisory questioning the safety of wheel sets manufactured by National Steel Car has been canceled, National Steel Car said.
TA expects to be bought by BP next month, but spurned suitor Arko is continuing to hone its offer for the truck stop giant.