Maritime

FourKites and BuyCo Partner to Offer End-to-End Ocean Freight Management

Retrieved on: 
Wednesday, April 3, 2024

This visibility spans both inland and ocean shipments, from initial planning and booking to real-time transportation visibility, carbon emissions control and inventory management.

Key Points: 
  • This visibility spans both inland and ocean shipments, from initial planning and booking to real-time transportation visibility, carbon emissions control and inventory management.
  • Through this strategic partnership, FourKites and BuyCo are committed to helping high-volume shippers streamline their operations; build a more sustainable supply chain; and enhance the overall supply chain execution and customer experience through end-to-end digitization.
  • The partnership between BuyCo and FourKites empowers shippers to leverage cutting-edge container visibility and management capabilities, positioning them as leaders in efficiency and service, while enhancing supply chain resilience amidst increasingly volatile and unpredictable market conditions.
  • “Ocean shipping is extremely complex, with numerous stakeholders and cumbersome documentation workflows that can account for upwards of 70% of detention and demurrage,” said Mathew Elenjickal, founder and CEO of FourKites.

Leonardo DRS Schedules First Quarter 2024 Earnings Conference Call for May 1, 2024

Retrieved on: 
Wednesday, April 3, 2024

Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Wednesday, May 1, 2024 beginning at 10:00 a.m. (ET) to discuss its first quarter 2024 results.

Key Points: 
  • Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Wednesday, May 1, 2024 beginning at 10:00 a.m. (ET) to discuss its first quarter 2024 results.
  • The company plans to issue its quarterly earnings press release prior to the conference call.
  • The live audio broadcast of Leonardo DRS’s conference call with corresponding press release and supplemental information will be available on the company’s investor relations website.
  • A replay will be available on the company’s website approximately two hours after the conclusion of the conference call and will remain available for 90 days.

Automated Bus Consortium issues new request for solutions (RFS) to procure highly automated transit buses

Retrieved on: 
Wednesday, April 3, 2024

The Automated Bus Consortium™, a collective of U.S. transit agencies and several state departments of transportation, has released a new request for solutions (RFS) to procure heavy-duty highly automated transit buses.

Key Points: 
  • The Automated Bus Consortium™, a collective of U.S. transit agencies and several state departments of transportation, has released a new request for solutions (RFS) to procure heavy-duty highly automated transit buses.
  • “We have made great strides in further advancing the automated transit industry through our previous request for solutions,” said Jean Ruestman, administrator of the Office of Passenger Transportation at the Michigan Department of Transportation.
  • Pilot routes for these vehicles would include rural and urban deployments, bus rapid transit, bus yard and local bus service.
  • Formed by AECOM, the Automated Bus Consortium is a first-of-its-kind approach to cooperatively investigate the feasibility of automated bus projects and accelerate the deployment of automated transit technologies.

Fairbanks Morse Defense’s Hunt Valve to Produce First 3D Printed Valve Assembly for U.S. Navy Submarines

Retrieved on: 
Wednesday, April 3, 2024

Hunt Valve, a Fairbanks Morse Defense (FMD) company, has been awarded a contract by the Maritime Sustainment Technology and Innovation Consortium (MSTIC) to produce a 3D printed valve assembly for installation on U.S. Navy submarines, positioning the defense contractor as a first mover in this sector.

Key Points: 
  • Hunt Valve, a Fairbanks Morse Defense (FMD) company, has been awarded a contract by the Maritime Sustainment Technology and Innovation Consortium (MSTIC) to produce a 3D printed valve assembly for installation on U.S. Navy submarines, positioning the defense contractor as a first mover in this sector.
  • “The utilization of additive manufacturing assembly with copper-nickel for large valve production is a real step forward for our industry,” said Andrew Pfister, Vice President, Aftermarket and Product Development at Fairbanks Morse Defense.
  • Hunt Valve’s contract with MSTIC will allow the 3D valve to be installed on any U.S. submarine class.
  • Once “printed,” the valve body is delivered to Hunt Valve to manufacture the remaining components using the standard manufacturing method and then assemble all the parts to create the full valve assembly .

Curtiss-Wright Completes Acquisition of WSC, Inc.

Retrieved on: 
Tuesday, April 2, 2024

Curtiss-Wright Corporation (NYSE: CW) today announced that it has completed the acquisition of WSC, Inc. for approximately $34 million in cash.

Key Points: 
  • Curtiss-Wright Corporation (NYSE: CW) today announced that it has completed the acquisition of WSC, Inc. for approximately $34 million in cash.
  • The acquired business will operate within Curtiss-Wright's Naval & Power segment.
  • In addition, generic simulators are used at universities, regulatory agencies, training centers and plants to offer classroom-based training on the operation of nuclear plants under normal and abnormal conditions.
  • WSC, which was founded in 1995 and employs approximately 45 people, maintains operations in Frederick, MD.

Shippeo Named a Leader in the 2024 Gartner® Magic Quadrant™ for Real-Time Transportation Visibility Platforms, Announces Record Growth in North America and APAC

Retrieved on: 
Tuesday, April 2, 2024

Shippeo has been named a Leader in the 2024 Gartner ® Magic Quadrant ™ for Real-Time Transportation Visibility Platforms.

Key Points: 
  • Shippeo has been named a Leader in the 2024 Gartner ® Magic Quadrant ™ for Real-Time Transportation Visibility Platforms.
  • As the real-time transportation visibility (RTTV) market continues to mature in North America, Europe, and increasingly across APAC, companies are realizing the significant value visibility brings.
  • Through close cooperation and a shared commitment to excellence, we've achieved remarkable success together, in North America and abroad.
  • Gartner “Magic Quadrant for Real-Time Transportation Visibility Platforms 2024” by Carly West, Oscar Sanchez Duran, and Nathan Lease, 26 March 2024.

Amogy and ITOCHU Partner to Explore Application of Ammonia-Powered Solution for Decarbonizing Maritime Vessels

Retrieved on: 
Wednesday, April 3, 2024

This strategic partnership is aimed at exploring the potential application of Amogy’s technology on ITOCHU’s maritime vessels.

Key Points: 
  • This strategic partnership is aimed at exploring the potential application of Amogy’s technology on ITOCHU’s maritime vessels.
  • Amogy has developed a modularized system that transforms liquid ammonia into electrical power.
  • Together, Amogy and ITOCHU will investigate opportunities for deploying Amogy’s system on vessels owned, operated, or chartered by ITOCHU.
  • “We are excited to embark on this journey with ITOCHU Corporation,” says Seonghoon Woo, CEO at Amogy.

Overseas Shipholding Group Awards $30,500 in Scholarships with Women Offshore

Retrieved on: 
Tuesday, April 2, 2024

Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) is proud to continue its efforts to remove barriers for women entering the maritime industry.

Key Points: 
  • Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) is proud to continue its efforts to remove barriers for women entering the maritime industry.
  • Through the Women Offshore Foundation, OSG gave $30,500 in scholarships to four women - two attending SUNY Maritime Academy, one at Great Lakes Maritime Academy and one at Maine Maritime Academy.
  • These awards will help alleviate the financial obstacles for deserving women and provide them an opportunity to succeed within our industry.”
    "The Women Offshore Foundation is thankful for OSG’s continued support of our Summer Sea Term Scholarships,” said Ally Cedeno, Founder and President of the Women Offshore Foundation.
  • These scholarships are part of OSG’s commitment to provide more than $90,000 in scholarships over a three-year period, with four recipients last year also receiving OSG scholarships.

J.B. Hunt Driver Jodi Edwards Earns Driver of the Year Recognition From Women in Trucking

Retrieved on: 
Tuesday, April 2, 2024

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, is proud to announce that Jodi Edwards, a 25-year career company driver, was recently named Driver of the Year by the Women In Trucking Association (WIT).

Key Points: 
  • J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, is proud to announce that Jodi Edwards, a 25-year career company driver, was recently named Driver of the Year by the Women In Trucking Association (WIT).
  • “I am greatly honored and humbled to receive this recognition,” said Edwards.
  • “I want to thank my family for their support and patience, J.B. Hunt for providing me with the opportunity and leadership, and Women In Trucking for all they do to make driving a better career option for women.
  • As part of the Image Team, Edwards has mentored others entering the industry while helping showcase the profession as a great career opportunity for women.

C.H. Robinson First Quarter 2024 Earnings Release and Conference Call Scheduled for Wednesday, May 1, 2024

Retrieved on: 
Tuesday, April 2, 2024

Robinson Worldwide, Inc. (“C.H.

Key Points: 
  • Robinson Worldwide, Inc. (“C.H.
  • Robinson”) (Nasdaq: CHRW), announced today that it will issue its first quarter 2024 results after the market closes on Wednesday, May 1, 2024.
  • Presentation slides and a simultaneous audio webcast of the conference call may be accessed at http://investor.chrobinson.com .
  • To participate in the conference call by telephone, please call ten minutes early by dialing 877-269-7756.