Automotive and Transportation Automotive and Transportation
Wed, December 11, 2024
[ Wed, Dec 11th 2024 ] - Wall Street Journal
General Motors Scraps Cruise Robotaxi Program
[ Wed, Dec 11th 2024 ] - Associated Press
EPA awards $135 million to California to phase out big diesel trucks
[ Wed, Dec 11th 2024 ] - Detroit News
Top auto lobby warns states of 'unachievable' California emissions rules
[ Wed, Dec 11th 2024 ] - Los Angeles Times
Why Newsom's electric vehicle mandate is in trouble
[ Wed, Dec 11th 2024 ] - Reuters
Wall Street mostly upbeat on GM's decision to pull the plug on Cruise
[ Wed, Dec 11th 2024 ] - CalMatters
Polluted communities hold their breath as companies struggle with California's diesel truck ban
[ Wed, Dec 11th 2024 ] - The Verge
The end of Cruise is the beginning of a risky new phase for autonomous vehicles
[ Wed, Dec 11th 2024 ] - Associated Press
EPA awards $144 million to California to phase out big diesel trucks
[ Wed, Dec 11th 2024 ] - MSN
The Best Socket Sets for Tested
[ Wed, Dec 11th 2024 ] - TopSpeed
From Fuel Economy To Longevity: Why Compact Cars And SUVs Are Making a Comeback
[ Wed, Dec 11th 2024 ] - Community Impact Newspaper
Northwest ISD CTE program to expand with construction, transportation academies
[ Wed, Dec 11th 2024 ] - The Independent Singapore
45% employers plan to hire more staff in Q1 2025, but 20% plan to reduce hiring efforts
[ Wed, Dec 11th 2024 ] - Cars
10 Biggest News Stories of the Week: Mercedes-Benz GLC350e Pulls Plug on Chevrolet Traverse
[ Wed, Dec 11th 2024 ] - Repairer Driven News
FCC adopts final rules for cellular-vehicle-to-everything technology
[ Wed, Dec 11th 2024 ] - MSN
The major projects Indiana is spending federal infrastructure funding on
[ Wed, Dec 11th 2024 ] - USA Today
MichAuto panel talks state of industry with rise of China, electric vehicles, tariffs
[ Wed, Dec 11th 2024 ] - CNBC
Best Auto Loans and Financing of December 2024
Tue, December 10, 2024
[ Tue, Dec 10th 2024 ] - USA Today
GM dumps Cruise robotaxi plans; shifts autonomy work to personal cars
[ Tue, Dec 10th 2024 ] - Crain's Detroit
Cruise dropping robotaxi effort as GM shifts focus to driver-assist tech
[ Tue, Dec 10th 2024 ] - The New York Times
G.M. Will Stop Developing Self-Driving Taxis
[ Tue, Dec 10th 2024 ] - Slate
Giant Cars Are Going Global
[ Tue, Dec 10th 2024 ] - Electronic Design
High-Precision Current Sensors Target Automotive, Industrial Busbars
[ Tue, Dec 10th 2024 ] - JD Supra
Road Notes - Takeaways from Used Car Week 2024
[ Tue, Dec 10th 2024 ] - Forbes
Rare Earth Ban Fuels Doubt About The Viability Of The US Auto Industry
[ Tue, Dec 10th 2024 ] - TechCrunch
San Francisco is the most prepared city for new transportation tech
[ Tue, Dec 10th 2024 ] - MSN
The Best Car Anti-theft Devices of 2024
[ Tue, Dec 10th 2024 ] - Seeking Alpha
Auto 2025: These stocks may outperform despite industry speed bumps
[ Tue, Dec 10th 2024 ] - MSN
3M Company Rises 29.8% in 6 Months: What Should Investors Do?
[ Tue, Dec 10th 2024 ] - WPRI 12
Satellite offers potential clues about what went wrong with the Washington Bridge
[ Tue, Dec 10th 2024 ] - Bloomberg L.P.
A Boom in Earnings for Car-Carrying Ships Is Starting to Fade

A Boom in Earnings for Car-Carrying Ships Is Starting to Fade


Published on 2024-12-10 08:41:41 - Bloomberg L.P.
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  • Since the pandemic, earnings for ships that move cars across the oceans have soared to record levels, fueled by booming global trade in vehicles. The rally is starting to fade.

The article from Bloomberg, published on December 10, 2024, discusses the diminishing boom in earnings for car-carrying ships. Previously, these ships experienced a surge in demand and profitability due to a combination of factors including a global increase in car sales, supply chain disruptions, and a shortage of shipping capacity. However, recent trends indicate that the earnings peak has passed. The decline is attributed to several reasons: the normalization of supply chains, an increase in the number of car-carrying vessels, and a slowdown in new car production due to economic uncertainties and shifts towards electric vehicles which require less space. Additionally, the article notes that while rates are still above historical averages, the market is cooling down, with shipping companies now facing overcapacity and reduced rates, prompting a more cautious outlook for the future of this niche shipping sector.

Read the Full Bloomberg L.P. Article at:
[ https://www.bloomberg.com/news/articles/2024-12-10/a-boom-in-earnings-for-car-carrying-ships-is-starting-to-fade ]
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