Businesses that transport their goods via the highways, railways or the airways are likely to see an expansion of the nation's infrastructure. That's good news not just for companies that want to move their products in the most efficient manner possible. It may also be good news for a subset of the coal sector that produces so-called metallurgical coal for steelmaking.
More than a quarter of all goods traded between the UK and Europe, worth around £91.4bn ($113.82bn) a year, come through the Channel Tunnel, a report has found. In its report, "Economic Footprint of the Channel Tunnel Fixed Link," Ernst & Young found that 30 percent of UK exports, worth £43.6bn ($54.3bn), and 22 percent of imports, worth £47.8bn ($59.53bn), to and from the EU depend on the tunnel.
Total intermodal traffic recorded another volume decline in the third quarter of 2016, according to the Intermodal Association of North America's latest quarterly Intermodal Market Trends and Statistics report. Contributing to this loss were intermodal trailer volumes which dropped 26.9 percent and international shipments which fell 6.7 percent. The domestic container business experienced gains of 3.3 percent which kept the overall volume loss to 4.6 percent.
Amsterdam to Paris in 30 minutes. That's the goal of the "Delft Hyperloop" - a pod-like capsule developed by TU Delft for the rapid transportation of people and goods through tubes - the maker says. The apparatus that might make such a trip possible arrived in California aboard a DHL freighter last week to compete in the "Hyperloop Pod Competition."
Building on plans to use the futuristic Hyperloop tube-transport system at its operations in Dubai, ports giant DP World has invested millions in the start-up company Hyperloop One, and its chief executive has joined the Hyperloop One board.
Container shipping company ZIM is launching an additional Asia Pacific service beginning October 25 with the following rotation: Xingang, Qingdao, Shanghai, Prince Rupert, Xingang.
IMAGINiT Technologies, the design simulation and visualization services division of Rand Worldwide, has entered into a partnership with the Canadian Centre for Product Validation (CCPV).