Skip to content
Search AI Powered

Latest Stories

inbound

As Arctic sea ice melts, Scandinavians plan rail connection to newly accessible ports

Train would allow mineral ore and other heavy cargoes to reach ports in Norway's far north.

As Arctic sea ice melts, Scandinavians plan rail connection to newly accessible ports

Transporting materials from remote parts of northern Finland is a logistics challenge with a few extra hurdles—extreme temperatures and icebergs in the harbors, among them. But the steady rise in global temperatures over recent years has thawed out a path to a new shipping option.

A proposed Arctic railway line across the northern reaches of the Nordic countries could make it possible to transport heavy cargoes such as mineral ore from the landlocked region of Rovaniemi, Finland, to ports like Kirkenes and Narvik on Norway's Arctic coastline, which are newly accessible thanks to warmer water that's keeping ice at bay for longer periods. Currently, oceanbound shipments have to travel overland to the southern coasts of Finland or Sweden, in the busy Gulf of Bothnia, to reach the sea.


Three developments have converged to encourage this modern version of the Polar Express, according to business leaders who spoke at a February conference on Arctic development, held in Kirkenes, Norway.

First, new ocean shipping routes have opened up as Arctic sea ice melts. Second, Finnish and Swedish mining engineers have developed rich deposits of valuable ores, which then have to be hauled out. And third, rising global demand for fuel could make it profitable to use the railway as a "rolling pipeline" to deliver Norwegian liquefied natural gas (LNG) to European markets in the south, according to Felix Tschudi, chief executive officer of the Tschudi Shipping Co. AS, of Oslo, Norway.

Other cargoes that might benefit from the new trade route include export commodities from the Baltic countries and natural gas from Russian oil companies, planners said.

The Latest

More Stories

Trucking industry experiences record-high congestion costs

Trucking industry experiences record-high congestion costs

Congestion on U.S. highways is costing the trucking industry big, according to research from the American Transportation Research Institute (ATRI), released today.

The group found that traffic congestion on U.S. highways added $108.8 billion in costs to the trucking industry in 2022, a record high. The information comes from ATRI’s Cost of Congestion study, which is part of the organization’s ongoing highway performance measurement research.

Keep ReadingShow less

Featured

From pingpong diplomacy to supply chain diplomacy?

There’s a photo from 1971 that John Kent, professor of supply chain management at the University of Arkansas, likes to show. It’s of a shaggy-haired 18-year-old named Glenn Cowan grinning at three-time world table tennis champion Zhuang Zedong, while holding a silk tapestry Zhuang had just given him. Cowan was a member of the U.S. table tennis team who participated in the 1971 World Table Tennis Championships in Nagoya, Japan. Story has it that one morning, he overslept and missed his bus to the tournament and had to hitch a ride with the Chinese national team and met and connected with Zhuang.

Cowan and Zhuang’s interaction led to an invitation for the U.S. team to visit China. At the time, the two countries were just beginning to emerge from a 20-year period of decidedly frosty relations, strict travel bans, and trade restrictions. The highly publicized trip signaled a willingness on both sides to renew relations and launched the term “pingpong diplomacy.”

Keep ReadingShow less
forklift driving through warehouse

Hyster-Yale to expand domestic manufacturing

Hyster-Yale Materials Handling today announced its plans to fulfill the domestic manufacturing requirements of the Build America, Buy America (BABA) Act for certain portions of its lineup of forklift trucks and container handling equipment.

That means the Greenville, North Carolina-based company now plans to expand its existing American manufacturing with a targeted set of high-capacity models, including electric options, that align with the needs of infrastructure projects subject to BABA requirements. The company’s plans include determining the optimal production location in the United States, strategically expanding sourcing agreements to meet local material requirements, and further developing electric power options for high-capacity equipment.

Keep ReadingShow less
map of truck routes in US

California moves a step closer to requiring EV sales only by 2035

Federal regulators today gave California a green light to tackle the remaining steps to finalize its plan to gradually shift new car sales in the state by 2035 to only zero-emissions models — meaning battery-electric, hydrogen fuel cell, and plug-in hybrid cars — known as the Advanced Clean Cars II Rule.

In a separate move, the U.S. Environmental Protection Agency (EPA) also gave its approval for the state to advance its Heavy-Duty Omnibus Rule, which is crafted to significantly reduce smog-forming nitrogen oxide (NOx) emissions from new heavy-duty, diesel-powered trucks.

Keep ReadingShow less
chart of global trade forecast

Tariff threat pours cold water on global trade forecast

Global trade will see a moderate rebound in 2025, likely growing by 3.6% in volume terms, helped by companies restocking and households renewing purchases of durable goods while reducing spending on services, according to a forecast from trade credit insurer Allianz Trade.

The end of the year for 2024 will also likely be supported by companies rushing to ship goods in anticipation of the higher tariffs likely to be imposed by the coming Trump administration, and other potential disruptions in the coming quarters, the report said.

Keep ReadingShow less