TFI International seeks to spin off Daseke in 2025

TFI International seeks to spin off flatbed carrier Daseke in 2025

(Photo: Jim Allen/FreightWaves)

Canadian transport and logistics provider TFI International announced on its Q4 earnings call plans to spin off Daseke as a separate company sometime in 2025. Daseke has a fleet of around 4,500 tractors and 11,000 flatbed and specialized trailers and is the largest flatbed provider in North America. Describing the strategy that began with TFI acquiring Daseke in December 2023, Colin Campell of...

https://www.freightwaves.com/news/tfi-international-seeks-to-spin-off-daseke-in-2025

Another Panama Canal red flag: Spiking product tanker rates

chart of spot rates of tankers transiting Panama Canal

Yet another signal on the Panama Canal situation is flashing red: Spot rates are surging for product carriers — specialized tankers carrying diesel, gasoline and jet fuel — that transit the waterway.

America is the world’s largest exporter of refined petroleum products. The west coast of South America is a traditional destination and the Panama Canal is pivotal to this trade. Alternate routes are more than twice as long.

Since the Panama Canal Authority (ACP) began heavily restricting reservation...

https://www.freightwaves.com/news/another-panama-canal-red-flag-spiking-product-tanker-rates

Renewable diesel creates pathway to cleaner transportation industry

Legislators, consumers and corporations across the globe have increased their attention to climate change and sustainability in recent years. As a result, the transportation sector is actively looking for ways to reduce greenhouse gas emissions. This has created increased demand for cleaner, more innovative fuel sources, like renewable diesel. 

The U.S. produces more carbon emissions than almost any other country in the world, coming second only to China. The movement of vehicles – both...

https://www.freightwaves.com/news/renewable-diesel-creates-pathway-to-cleaner-transportation-industry

WinGD wins LR approval in principle for ammonia-fueled two-stroke engines

As the race to be first to market with future-fueled engines picks up pace, Lloyd’s Register has granted Winterthur, Switzerland, headquartered engine designer WinGD the first ever approval in principle (AiP) for its ammonia-fueled two­­‑stroke engines. The AiP was awarded for WinGD’s X-DF-A dual-fuel range and gives shipowners the assurances they need to realize vessel designs using ammonia-fueled main engines.

WinGD says that its ammonia-fueled two-stroke engine series research has been...

https://www.marinelog.com/shipbuilding/engines-fuel/wingd-wins-lr-approval-in-principle-for-ammonia-fueled-two-stroke-engines/

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