FASA

The San Diego-based autonomous trucking company raised $55 million in a Series C funding round led by Composite Capital, with participation from existing investors Sina and ZP Capital.

The freight recession, which began in March 2015, not only appears to be over, but freight also seems to be gaining momentum, according to the latest Cass Information Systems Freight Index report.

A CSX train derailed in Central Florida early Monday morning, spilling several thousand gallons of molten sulfur and cooking oil, but no injuries or environmental impacts have been reported, according to a spokesperson for the Class I railroad.

Containerized cargo volumes at the largest port on the U.S. East Coast increased 9.2 percent to 588,848 TEUs for the month, making October 2017 the fifth best month in cargo volumes, according to the port authority.

Hackers could potentially cause environmental damage and incur heavy fines for shipping lines by using nefarious techniques, according to a recent report from security testing company Pen Test Partners.

The electric-powered Class 8 truck will have an base price of $150,000 for a 300-mile range model, and $180,000 for a 500-mile range model, automaker Tesla said in a statement.

The airfreight carrier handled more than 575,000 metric tons of cargo in the first 10 months of 2017, with temperature-controlled pharmaceutical shipments soaring 153 percent, according to data from AirBridgeCargo Airlines (ABC).

The new ship-to-shore cranes are the tallest in any port in Southeast Asia and are part of a $121.9 million port enhancement plan for the major transshipment hub, the port said in a statement.

Japanese shipping company MOL and investment firm Marubeni have signed an agreement with Russia’s gas production company NOVATEK to launch an Arctic liquified natural gas (LNG) transshipment project to the Asia-Pacific region, MOL said in a statement.

The move marks the third time in three months that d’Amico is selling one of its tankers.