BT Bulk Logistics Trends - Jan 24th, 2024
 
 
BT Bulk Logistics Trends | View online
 
January 24, 2024
Inflation, interest rate hikes, and the declining freight market conspired to curtail mergers and acquisitions in the transportation and logistics (T&L) space in 2023, with transactions and transaction values both down year-over-year.
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SQM, a Chilean mining company, recently deployed two electric tractor-trailers, including one with an electric tank trailer for transporting lithium brine.
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Sunoco recently agreed to sell 204 convenience stores to 7-Eleven for approximately $1.0 billion.
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Lloyd’s Register Quality Assurance (LRQA) recently certified Van den Bosch’s CO2 emission calculations and reporting as meeting the requirements in the ISO 14083:2023 standard for greenhouse gas quantification in transport operations.
Robin Hutcheson is resigning as head of the Federal Motor Carrier Safety Administration.
New York City recently opened its first retail fuel station dispensing renewable diesel thanks to an “historic” collaboration between Sprague Operating Resources and Sonomax, a local gas station and convenience store operator.
CyberFuels, a subsidiary of Encountercare Solutions, recently completed the $33.5 million purchase of more than 71 acres of land and waterways in Port Tampa, Florida, where the company plans to develop a new fuel terminal with interstate access, existing CSX rail service, and barge and tanker access for large-volume deliveries.
Moda Midstream, and financial sponsor EnCap Flatrock Midstream, recently completed the sale of Moda’s 50% interest in the Vopak Moda Houston terminal joint venture to Madrid, Spain-based Exolum.
ERoad and Bulk Construction Materials Initiative (BCMI) are working together to enhance supply chain sustainability and improve efficiency for ready-mix concrete fleets and haulers of bulk materials, including aggregates, asphalt, and cement.
Volvo Trucks North America is reimagining the Class 8 truck with a re-engineered Volvo VNL tractor developed by its U.S. team over the past six years. OEM leaders said it will be the base platform for current and future transportation technologies—from diesel to renewable fuels.
Daimler Truck North America and Love's Travel Stops recently rolled out a new Freightliner ExpressPoint service at more than 400 Love’s Truck Care and Speedco locations, with additional openings planned.