Category: Shipping News (Page 8 of 23)

Union Pacific announces fourth quarter 2023 earnings release date

December 15, 2023 / WIL BALDWIN

Omaha, Nebraska, December 15, 2023 – Union Pacific Corporation (NYSE: UNP) will release fourth quarter 2023 financial and operating results on Thursday, Jan. 25, 2024, at 7:45 a.m. ET. The company’s management team will host a conference call and live webcast at 8:45 a.m. ET.

Parties interested in participating via teleconference may dial 877-407-8293. International callers may dial 201-689-8349. A live webcast of the presentation and materials will be available in the investor relations section of Union Pacific’s website at www.up.com/investor. A replay of the audio webcast will be available shortly thereafter.

Forward-Looking Statements

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

Japan Airlines takes delivery of its first A350-1000

December 14, 2023 / WIL BALDWIN

Toulouse, France, December 14, 2023 – Japan Airlines Co Ltd (Tokyo: 9201) has taken delivery of its first A350-1000 from the Airbus Group SE (Paris: AIR) delivery centre in Toulouse. The A350-1000 is set to become the airline’s new international aircraft, initially flying on the prestigious Tokyo Haneda – New York JFK route.

JAL’s A350 is configured in four classes. The First Class features six Suites, each with a choice of three modes: sofa, seat and single bed or double bed. The Business Class also offers Suites, with 54 seats and privacy doors. Meanwhile, the Premium Economy Class (24 seats) and Economy Class (155 seats) both feature more personal space and comfort in their respective categories. JAL’s A350-1000 cabin has been designed to make passengers immerse in the elegance of Japanese aesthetics and tranquillity. Meanwhile, a serene ambiance highlights the beauty of Japan. The cabin’s stylish interior is tailored to a high quality, high comfort passenger experience which echoes JAL’s renowned service.

JAL has ordered 31 A350 aircraft, comprising 18 A350-900’s and 13 A350-1000’s. The carrier has been operating the A350-900 on high density Japanese domestic routes since 2019. The A350’s unique Airspace cabin is the quietest of any twin-aisle in the sky. It offers passengers and crews the latest modern in-flight products for the most comfortable flying experience. The aircraft’s new generation engines and use of lightweight materials make it the most fuel efficient large widebody aircraft. The A350 is the quietest aircraft in its class featuring a 50 percent noise footprint reduction versus the previous generation aircraft, making it a good airport neighbour wherever it flies.

DHL supply chain deploys first class 8 electric trucks in North America

December 13, 2023 / WIL BALDWIN

DHL Supply Chain (Xetra: DHLn), the Americas leader in contract logistics, announced the deployment of its first Class 8 electric trucks, marking a significant milestone in the company’s commitment to clean and efficient trucking operations. The company currently has two trucks in operation in California and in the coming weeks will take delivery of an additional 11 units to be deployed across Ohio, North Carolina, Pennsylvania, and California.

The deployment represents a significant step forward in the company’s commitment to decarbonizing the transportation sector, one of the largest global contributors to greenhouse gas emissions.

The cutting-edge electric truck boasts impressive capabilities, including:

Zero tailpipe emissions: Electric vehicles (EVs) are considered zero-emission technology (ZET), which means they do not produce any tailpipe carbon dioxide (CO2e) or nitrogen oxide emissions. Each EV that replaces a diesel truck saves, on average, 100 tons of CO2e annually.
Energy conservation: A six month DHL Supply Chain-led pilot of a class 8 EV truck revealed that the truck consumed on average 50% less energy for the same job compared to its diesel counterpart.
Extended range: The EV trucks get up to 250 miles on a single charge, covering the needs of many regional haul routes.
Right-sized charging: Equipped with fast-charging technology and remote monitoring capabilities, the EV trucks enable turnaround times that are aligned with the operational requirements.
Powerful performance: The EV trucks deliver superior horsepower and torque to their diesel counterparts, ensuring seamless integration into existing operations.
Improved driver satisfaction: During the pilot drivers shared a preference for EV over diesel due to its ‘quietness’ and low to no vibrations, leading to less fatigue.

Forward-Looking Statements

Air Canada cargo certifies Opticooler Containers from DoKaSch Temperature Solutions

December 13, 2023 / WIL BALDWIN

Montreal, Quebec, Canada, December 13, 2023 – Shippers and forwarders using Air Canada Cargo (Toronto: AC) can now rely on DoKaSch Temperature Solutions’ Opticooler RKN anywhere serviced by Air Canada’s widebody fleet or dedicated freighters following its certification by Air Canada Cargo. In additional, the Opticooler RAP is also available to shippers, providing reliable packaging of temperature-sensitive products such as vaccines and other pharmaceuticals.

Through Air Canada’s vast international passenger network, in addition to the routes served by its fleet of dedicated freighters, Air Canada Cargo has access to over 300 cities on six continents. Air Canada Cargo’s self-handled hubs in Toronto, Montreal, Vancouver, Chicago, London and Frankfurt provide optimal global connections, and allow for the continuous shipment of goods to and from anywhere in Air Canada’s network.

The Opticooler is a temperature-controlled active packaging solution and comes in two sizes: the RAP containers hold up to five euro-pallets, while the smaller RKN version provides space for one pallet. Both containers are battery-powered, can easily be adapted to any transport scenario, and enable customers to always keep the temperatures of their pharmaceutical products in an internal range between two and thirty degrees at all times.

Forward-Looking Statements

An exciting new chapter for Rolls-Royce’s Trent 1000 engine

December 13, 2023 / WIL BALDWIN

Rolls-Royce Holdings PLC (London: RR) Trent 1000 engine fleet has surpassed 17 million in service flying hours on the Boeing 787 Dreamliner aircraft family, carrying more than 250 million passengers around the globe since its entry into service in 2011. During that time, the engine has consistently delivered world-class levels of reliability and availability, with more than 99.9% of flights taking off on time. But the journey for the Trent 1000 doesn’t end there.

Our engineers continually explore opportunities to improve the engine and in-service support, to ensure we always deliver value to our customers. We are therefore pleased to announce an exciting new chapter for the Trent 1000. So, what is new?

A new Durability Enhancement package

We are making great progress on a new Durability Enhancement package, due to be available in the third quarter of 2024, which will increase engine time on-wing (TOW) whilst also reducing emissions. A key element of this Durability Enhancement package is a re-engineered high-pressure turbine blade (HPTB) to improve durability. The package also includes improvements to reduce the emissions, which together with the exceptionally low fuel burn of the Trent 1000 TEN, is future proofing the engine for a more sustainable world.

A comprehensive testing program

We have successfully completed a rigorous engine ground test programme and pushed the engine beyond the certification requirements for the new HPTB to validate and gain confidence in our predictions of the benefits it will deliver in service. Our focus has now moved to aircraft-level certification in collaboration with Boeing, and flight testing is underway on a Boeing 787 flight test aircraft. Stay tuned for regular updates!

More about the Trent 1000

Capitalising on the three-shaft architecture of the Trent engine family and incorporating the latest in materials, component and subsystem design and technology, the Trent 1000 was specifically designed and optimised to power the more-electric 787 Dreamliner. It has the highest bypass ratio of any engine in the Trent family and is recognised for being one of the quietest widebody engines in service today.

Since entry into service in 2011, we have been continuously improving both the fuel efficiency and the capability of the Trent 1000.

Forward-Looking Statements

Alaska Air adds Porter Airlines as 30th global airline partner

December 13, 2023 / WIL BALDWIN

Alaska Airlines Group Inc (NYSE: ALK) is welcoming a new global airline partner: Porter Airlines, a growing Canadian carrier that begins its inaugural nonstop service between Toronto and both Los Angeles and San Francisco in January. Those flights, along with flights connecting on Alaska across our West Coast network, can be purchased later today at alaskaair.com. Mileage Plan members who buy Porter flights on our website also earn at least 100% of the miles flown and 100% elite-qualifying miles.

Porter’s new routes will link Los Angeles and San Francisco to Canada’s largest city and beyond with connections to destinations across Eastern Canada including Montreal, Ottawa and Halifax. Porter will fly the Embraer E195-E2 aircraft between California and Toronto, which is known for its quieter flying and greater fuel efficiency than previous generation technology.

Porter is Alaska’s 30^th global partner airline. Porter’s daily nonstop service between Los Angeles-Toronto begins on Jan. 16 with the airline’s operations conveniently located alongside Alaska’s gates at Terminal 6 at LAX. Porter’s San Francisco-Toronto service will launch the following week on Jan. 25. Porter is now selling flights with Alaska connections on its website.

Alaska and Porter will continue to strengthen our partnership next year. Coming in 2024, Mileage Plan and VIPorter members will earn miles in their respective loyalty programs no matter where they book their flights. Next year will bring even more benefits with access to mileage redemptions with enhanced availability for both Mileage Plan and VIPorter members on each other’s airline.

Forward-Looking Statements

Saab announces Double Eagle sale to Kuwait Naval Force

December 11, 2023 / WIL BALDWIN

Saab AB ser. B (Stockholm: SAABb) announces that it has received a contract from the U.S. Navy for a Double Eagle Semi-Autonomous Remotely Operated Vehicle (SAROV) for the Kuwait Naval Force.

The Double Eagle family of undersea vehicles is a safe and operationally proven ROV system, used by navies around the world supporting mine countermeasure (MCM) missions. In the SAROV configuration the vehicle can be used both as an Autonomous Underwater Vehicle (AUV) for detection, classification and identification, and as an ROV for mine disposal. The U.S. Navy is procuring this system as a Foreign Military Sales (FMS) program for the State of Kuwait’s Naval Force.

Developed and produced at Saab in Linköping, Sweden, this sale represents a milestone in expanding the production of this Swedish technology to the U.S.

Saab, Inc.’s Autonomous and Undersea Systems Division will produce parts of this system in close collaboration with other production sites in Sweden, the United Kingdom and Denmark.

These highly manoeuvrable vehicles can be launched from any type of ship, from the shore, or from a craft of opportunity. All Double Eagle systems can be housed in a standard container, providing a deployable solution across a variety of platforms enabling rapid response to mine threats.

Forward-Looking Statements

Cathay Group orders Airbus A350F freighter

December 8, 2023 / WIL BALDWIN

Toulouse, France, December 2023 – Hong Kong’s Cathay Pacific Airways Limited (Hong Kong: 0293) has become the latest carrier to order the all-new Airbus Group SE (Paris: AIR) A350F, following the signature of a purchase agreement for six aircraft. The A350F will join the airline’s cargo division, Cathay Cargo, and will become a central element in its future fleet, bringing new levels of efficiency across its extensive network.

Currently under development, the A350F can carry a payload of up to 111 tonnes and can fly up to 4,700 nautical miles / 8,700 kilometres at significantly lower cost than any other freighter available today. This will enable it to serve all heavy cargo markets, including the world’s biggest freight route between Hong Kong and Anchorage.

Powered by latest technology Rolls-Royce Trent-XWB97 engines, the aircraft will bring a reduction in fuel consumption and carbon emissions of up to 40% when compared with the older 747F and is at least 20% more efficient than its competitor.

The A350F features the largest main deck cargo door in the industry, with fuselage length and capacity optimised around the industry’s standard pallets and containers. Over 70% of the airframe is made of advanced materials, resulting in a 46 tonne lighter take-off weight than the competing derivative. The A350F is also the only freighter aircraft that will fully meet ICAO’s enhanced CO₂ emissions standards, coming into effect in 2027.

Rolls-Royce appoints VeraLinn “Dash” Jamieson to North American Board

December 6, 2023 / WIL BALDWIN

Rolls-Royce Holdings PLC ((London: RR) announced the appointment of Lt. Gen. VeraLinn ‘Dash’ Jamieson, USAF (ret) to its Board of Directors for Rolls-Royce North America (RRNA).

Lt. Gen. Jamieson served 37 years in the U.S. Air Force, most recently as Director of the Intelligence Surveillance, Reconnaissance and Cyber Effects Operations. She is combat experienced, an operational expert, and an adept air, space and cyber strategist. During her distinguished career, Lt. Gen. Jamieson directed intelligence operations for multiple contingencies to include operations Desert Storm, Allied Force, Unified Response, Enduring Freedom and Iraqi Freedom.

Lt. Gen. Jamieson officially joined the Board on November 30. She will also serve on the Board’s Government Security Committee as part of the RRNA Special Security Agreement with the U.S. Department of Defense.

Forward-Looking Statements

Nestle cuts ocean transport emissions with Maersk ECO Delivery solution

December 6, 2023 / WIL BALDWIN

Copenhagen, Denmark/Vevey, Switzerland, December 6, 2023 – Nestle SA (SIX Swiss: NESN), the world’s largest food and beverage company, is cutting its ocean logistics greenhouse gas (GHG) emissions by using the Maersk AS (OTC: AMKBY) ECO Delivery solution for 100% of its ocean containers shipped by Maersk in 2023, with an option to extend this agreement into 2024 and beyond. The seaborne emissions of these transports are being reduced by over 80% compared to the usage of conventional fossil fuels.

With ECO Delivery, Maersk customers can handle ocean transports completely with certified green fuels* like second generation biofuel based on waste feedstocks. These fuels are replacing conventional fossil fuels on container ships in Maersk’s fleet. The corresponding GHG emission savings are confirmed to the customers with a certificate.

Nestlé’s goal is a 50% reduction of its total emissions by 2030 and to be net zero by 2050. With scope 3 emissions being the major part of the overall emissions, ECO Delivery is an effective solution for abatement of scope 3 emissions caused by ocean transports. Nestlé’s water beverages and Nespresso have been two pioneering brands using ECO Delivery since 2021.

Today many more of Nestlé’s up to 2,000 brands are reaching the end consumers with a much smaller GHG footprint thanks to Maersk’s ECO Delivery. Furthermore, Nestlé is one of Maersk’s partners in piloting also low GHG emission landside transports, e.g. by rail or electric trucks.

Forward-Looking Statements

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