Topic
reefer
Logistics Marten Transport Q2 Signals Reefer Market Tightening; Capacity Cuts and Rate Hikes Underway
Marten Transport reported Q2 results indicating a sharp tightening in the refrigerated truckload market. CEO Randy Marten said the freight market is breaking out from the longest recession on record, with regulatory enforcement removing capacity. The company raised rates, improved freight selection, and saw revenue per loaded mile increase 6% year-over-year in its non-dedicated TL fleet, despite an 8% reduction in tractor count.
Logistics July 4th Heatwave Drives Reefer Spot Rates and Tender Rejections Near All-Time Highs
A severe heatwave across the Eastern US, with heat index values reaching 114°F, is pushing reefer spot rates and tender rejections to near all-time highs. The July 4th holiday weekend is compounding capacity constraints as shippers shift from dry van to refrigerated transport to protect goods, driving massive demand for beverages.
Logistics ICAR-CIFT Secures Indian Patent for Chemical-Free Live Fish Transport Technology Using Controlled Hypothermia
ICAR-CIFT has been granted an Indian patent for a chemical-free live fish transport technology that uses controlled hypothermia to anaesthetise aquatic animals, reducing stress and mortality during transit. The innovation offers a reliable, affordable alternative for small and medium-scale users in the live seafood supply chain.
Logistics Norebo Expands Shipping Arm with Dalreefer Takeover, Bolstering Russian Reefer Capacity
Russian seafood group Norebo has acquired Far East-based reefer operator Dalreefer, adding five vessels to its logistics arm. The deal strengthens Norebo's vertical integration in cold-chain shipping for frozen fish exports from Russia's Pacific grounds, as Russian seafood producers seek greater logistics control amid sanctions.