The parent of container liner operator Maersk turned in quarterly revenue and profits higher than a year ago as attacks on Mideast shipping led to higher operating costs – and higher rates for shippers.
The ONE alliance of container vessel lines posted second-quarter revenue on an early peak shipping season thanks to attacks on a key Mideast route and looming East Coast longshore strike.
The parent of Maersk container line said strong demand for shipping services and higher ocean freight rates fueled growth across all businesses as it raised estimates for full-year results.
Hub Group reported year-over-year revenue decreases in its intermodal and logistics segments during the third quarter.
Transport Canada is funneling millions of dollars to expand grain-handling facilities at the Port of Montreal.
International container volume gains more than doubled domestic traffic in the third quarter, according to the Intermodal Association of North America.
The ONE vessel alliance plans to add a new East Asia string to the Port of Jacksonville’s modernized SSA Jacksonville Container Terminal.
Overall volume helped maritime terminals of the Georgia Ports Authority to their second-busiest September on record.
Canada’s second-busiest port is bracing for another protest by 1,200 longshore employees who have been refusing overtime work since Oct. 10.
Despite a first-half lull in domestic network demand for logistics services, the world’s largest forwarder saw overall volume growth in the third quarter.
Zim Integrated Shipping Services is restructuring its Cross-Atlantic services connecting Mediterranean ports with North and South America.
Russia conveyed Iranian data to help Houthi rebels in Yemen attack commercial shipping in the Red Sea.
Universal Logistics Holdings officials said they expect operating revenues of $1.8 billion to $1.9 billion in 2025.
East Coast ocean carriers and terminal operators will resume bargaining with the International Longshoremen’s Association on a new contract in November.
German transportation provider Hapag-Lloyd reported preliminary nine-month profits and raised its full-year forecast as vessel diversions pushed up shipping rates.
Funding from FEMA will help protect operations and infrastructure at the second-busiest U.S. container hub.
Universal Logistics Holdings’ third-quarter financial results show year-over-year decreases in its trucking, brokerage and intermodal segments.
CN and the Teamsters Canada Rail Conference have scheduled mediation for early 2025 as the sides move closer to a new collective bargaining agreement.
Union Pacific Corp. in the third quarter saw double-digit gains for income and earnings on modest carload volume improvement and lower fuel prices.
CPKC saw single-digit gains in freight volumes in the third quarter, but the operating ratio climbed as a brief lockout of union employees hit network operations.
The second-busiest U.S. container gateway moved record levels of cargo in September and in the third quarter on diversions ahead of an East Coast work stoppage and continued demand for holiday merchandise.
Strong third-quarter volumes have the world’s second-largest ocean container line upgrading its forecast for higher full-year returns.
An early peak shipping season, strong economy and resilient consumer spending boosted container volume to a record quarter at the Port of Los Angeles.
Canadian National Railway posted third-quarter revenue slightly better than a year ago as operations appeared fully recovered from destructive wildfires and a labor dispute that briefly shut down the railroad.
A record number of port calls by container ships presages higher forecast growth for the sector, according to a U.N. report.
Ocean Network Express and terminal operator DP World created a message on a dockside canvas during Breast Cancer Awareness Month.
Importers with the National Retail Federation fear a second Trump administration could hurt business with higher tariffs on consumer goods.
An early peak shipping season, strong economy and resilient consumer spending boosted container volume to a record quarter at the Port of Los Angeles.
Port-owned New Orleans Public Belt Railroad and logistics specialist Heniff Transportation Systems have opened a new state-backed transload facility aimed at dry and liquid bulk customers.
Portwide expansion and upgrades for ship, rail and truck have Charleston, South Carolina, officials eyeing annual capacity of 10 million TEUs for the fast-growing Southeastern maritime hub.
While hedge funds wring savings from other Class 1 railroads, Union Pacific CEO Jim Vena says his line can win new business with service and “operational excellence.”
J.B. Hunt Transport Services beat third-quarter expectations as it awaits a turn in the freight market.
J.B. Hunt Transport Services reported a better-than-expected result for the 2024 third quarter on Tuesday after the market closed.
SeaPort Manatee near Tampa, Florida, is slated to get millions of dollars in emergency state funding to help recover from the effects of Hurricane Milton.
A partial work stoppage at the Port of Montreal follows a three-day strike earlier this month by union dockworkers at Canada’s second-busiest port.
Hub Group announced a joint venture with Mexico’s largest intermodal carrier, EASO.
Container handling resumed this weekend at dozens of ports on the East and Gulf coasts following a brief strike by dockworkers as the International Longshoremen’s Association and shipping lines prepare to resume bargaining.
Containerized logistics services provider STG Logistics said it will use a new $300 million debt and equity financing package to fund future growth.
President Biden claims a major victory late in his term while the International Longshoremen’s Association negotiates a curious compromise after months of talking tough on the docks.
Port employers have come to a tentative agreement with unionized dockworkers on a 61% hourly wage increase, ending the three-day strike that shut down major East Coast container ports.
While tens of thousands of unionized longshore employees picket at ports along the East and Gulf coasts, the number of container ships waiting outside major maritime hubs continues to grow by the day.
While tens of thousands of unionized longshore employees picket at ports along the East and Gulf coasts, union leaders say they have received death threats during a work stoppage that has shut down vital container imports.
Shipping lines say they’re open to resuming contract negotiations with the International Longshoremen’s Association, which has shut down container imports at major East Coast ports.
Switzerland-based DSV added to its stable of logistics providers, buying Schenker from the debt-laden German national railway.
Shippers and a wide range of port-related businesses will be affected by the International Longshoremen’s Association strike that began Tuesday at maritime hubs from Texas to Maine.
Universal Logistics said the $194 million acquisition of rail terminal operator Parsec will be immediately accretive to earnings.
The first port strike by the International Longshoremen’s Association since 1977 would bring a halt to an array of goods flowing through East and Gulf Coast maritime hubs.
Ports from Texas to Maine are bracing for a midnight strike by the International Longshoremen’s Association, the first since 1977, that will bring billions of dollars in seaborne trade to a halt.
Barring last-minute developments, the International Longshoremen’s Association said it plans to follow through on plans to strike at ports throughout the East and Gulf Coasts and bring container and ro-ro handling to a standstill.
With a strike by East and Gulf Coast dockworkers just days away, port employers on Thursday asked the National Labor Relations Board to order the International Longshoremen’s Association to resume contract negotiations.
Facing an Oct. 1 strike deadline by the International Longshoremen’s Association, ports and other waterside logistics providers along the East and Gulf coasts are advising customers to brace for a shutdown of the container business.
Container traffic at the second-busiest U.S. port complex will come to a halt Oct. 1 absent a new contract covering 45,000 union longshore workers from Texas to Maine.
A work stoppage by 45,000 union longshore workers set for Oct. 1 would bring waterside commerce to a halt at ports from Texas to Maine.
The Port of Los Angeles handled 960,597 twenty-foot equivalent units in August, a 16% increase over the previous year and the busiest month ever outside the pandemic. Eight months into 2024, the leading U.S. container gateway is 17% ahead of its 2023 pace, already moving nearly 1 million more containers than a year ago. “The […]
U.S. railroads see the highest weekly intermodal traffic since the pandemic, and ongoing supply chain issues could aid further gains as a threatened longshore strike creeps closer.
Continued robust demand for container shipping services could help balance supply and demand, the world’s second-largest vessel operator said, easing strains despite disruptions across the global supply chain.
Port of Indiana-Burns Harbor on Lake Michigan increases rail capacity by 250 cars and adds hundreds of feet of new dock for expanded all-water cargoes.
A shippers’ coalition on Tuesday asked the White House to help restart stalled contract negotiations and said President Biden should be prepared to intervene to prevent a strike.
East and Gulf Coast port employers insist a new union contract is still within reach before an Oct. 1 strike deadline, and urged the International Longshoremen’s Association to return to the bargaining table.
German railway Deutsche Bahn is selling its Schenker logistics unit to DSV of Denmark in a deal that will create the world’s largest forwarder.
Schenker has been sold, but not to the U.S. private equity group vying for control of the German logistics provider. Transport provider DSV of Denmark has emerged as the winning bidder, Reuters reported, in a deal worth 14 billion euros ($15.43 billion). A consortium of private investors led by CVC Capital Partners of New York […]
New bills in both the Senate and House of Representatives would upgrade the 45G tax credit for inflation and expand trackage covered under the program.
The International Longshoremen’s Association has adopted a resolute stance in negotiations with East Coast port employers from Maine to Houston. There’s speculation that sympathy work stoppages could spread to West Coast container gateways.
Even a short work stoppage by the ILA would greatly disrupt freight networks. SONAR charts show evidence of shippers looking to avoid getting caught in a potential ILA strike which has impacts on maritime, rail intermodal and truckload data.
No talks are scheduled between employers and the International Longshoremen’s Association, which represents unionized workers at ports on the U.S. East and Gulf coasts. Bargaining has stalled over technology and pay issues.
China State Shipbuilding Corp. said it has received approval in principle for a liquefied natural gas dual-fuel vessel of 27,500 twenty-foot equivalent units, the largest boxships afloat.
The Montreal Port Authority is spending more than $42 million to restore and upgrade the Pie-IX rail bridge, a project that will also help a port-based sugar refiner boost capacity.
International Longshoremen’s Association representatives unanimously backed President Harold J. Daggett’s call for a coastwide strike at ports from Maine to Texas on Oct. 1.
In the latest move to strengthen the largest U.S. container gateway, a key Port of Los Angeles terminal will receive $52 million to upgrade its on-dock rail capacity.
A new plan calls for public-private investment in the Port of Portland’s money-losing Terminal 6, the state’s only international container facility.
In a lawsuit dating back to 2018, CSX accused rival Norfolk Southern of jacking up rates for dockside access to the East Coast container gateway.
A New York-based venture capital firm and European transport specialist are vying to acquire Schenker, the logistics unit of German national railway Deutsche Bahn, which could shake up the market for logistics services in the U.S.
Despite peak season stress, supply chain bottlenecks failed to materialize during the recovery from the brief lockout of union employees by CN and CPKC.
Minnesota’s federally mandated State Freight Plan identifies key areas for investment in the statewide transportation system to ensure goods movement that is safe, efficient and sustainable.
The Port of New York-New Jersey was the latest gateway to benefit from the early peak shipping season as importers stocked up on holiday inventory to circumvent a host of supply chain issues.
It could take the two largest Canadian railroads a week or more to recover from the effects of a shutdown that briefly stalled billions in freight including transborder trade with the United States.
Eastern railroad CSX said it had come to tentative agreements with seven more unions ahead of scheduled collective bargaining, just days after it announced five early deals with unionized workers.
The agreements were announced just days after CSX completed early deals with its unions as labor flexes its newfound strength with employers following the pandemic.
The Port of Los Angeles has named Erica M. Calhoun deputy executive director overseeing the city of Los Angeles Harbor Department’s Administrative Bureau.
As eastbound import traffic continues to grow, Union Pacific announced surcharges for its premium EMP and UMAX services out of the Southern California gateway.
CN and CPKC early Thursday locked out 9,300 union employees, bringing trains to a halt in a move that could disrupt supply chains throughout North America.
CN said it received no response from Teamsters after making a final contract offer in a bid to avoid service disruption.
While contract talks between Canadian National, Canadian Pacific Kansas City and union employees continue, a rail shutdown would reverberate through the supply chain connecting Canada and the U.S.
Amid lockout and strike notices, contract bargaining continues as Ottawa makes a push for both sides to come together on a new rail labor contract.
Canada’s busiest import gateway is managing port fluidity as railroads issue lockout notices, and Teamsters are warning of a planned strike as the latest contract talks fail.
A feasibility study of nuclear-powered container ships to lower emissions teams Maersk, the world’s second-largest container line, with vessel classification society Lloyd’s Register and nuclear power specialist Core Power.
The outlook for supply chain congestion this fall led importers to move holiday goods earlier than usual through Long Beach, the second-busiest U.S. port.
Construction continues on a Chicago bridge project designed to reduce delays and improve flow by untangling freight and passenger rail lines.
Operators of first-mile and last-mile railroads are staffing up for a legislative push ahead of fall elections.
Vessel delays and labor concerns had importers rushing to get holiday merchandise into the Port of Los Angeles before the traditional peak season in the fall.
Eastern Class 1 railroads Norfolk Southern and CSX will help reach Midwest cities with double-stack trains from the newly expanded Port of Virginia central rail yard.
Importers are advised to seek alternative routes and plan for extended delays as the peak shipping season gets underway, following an explosion involving hazardous materials at China’s Port of Ningbo.
The Blue Ridge Connector will improve intermodal services to the northeast Georgia logistics center.
Transportation provider Hub Group sees Q2 revenue fall 5% year over year to $986 million.
New Jersey independent contractors who haul freight under STG Drayage’s operating authority will no longer be tendered loads in November unless the truckers get their own authority through the Federal Motor Carrier Safety Administration.
Universal Logistics Holdings saw increases in second-quarter top-line revenue, along with gains in its trucking and contract logistics segments.
J.B. Hunt missed second-quarter expectations Tuesday as soft freight demand and costs associated with carrying the capacity needed to meet future demand weighed on the period.
J.B. Hunt missed second-quarter expectations as volumes remained weak across all modes, expenses remained elevated and intermodal yields declined.
A $73 million rail expansion at the Port of Los Angeles adds five storage tracks, new crossovers and turnouts, and a concrete rail bridge, among other improvements.
RoadOne has started construction on a 100-acre distribution project near the Port of Charleston.
