The non-asset based supply chain management company recorded a net loss of $57 million for the first quarter of 2017, compared to a net profit of $3 million for the […]
The partnership is bringing together BluJay’s transportation management solutions with FourKites’ real-time freight visibility and orchestration platform.
The U.S. Federal Maritime Commission has received 24 ocean transportation intermediary license applications and changes for review.
The Japanese postal, banking and insurance conglomerate now expects to post a net loss of 40 billion yen (U.S. $362.4 million) for its fiscal year ended March 31, 2016, after […]
The Omaha, Neb.-based Class I railway increased net income, operating revenues and volumes during the first quarter of 2017 from the corresponding 2016 period.
The Class I railway’s net income rose 12 percent year-over-year in the first quarter of 2017 to $433 million, despite inflation and higher fuel costs.
ITS Technologies & Logistics will assume operation of five Norfolk Southern terminals previously operated by Cleveland, Ohio-based intermodal services provider World Distribution Services, ITSTL said in a statement.
Montreal, Canada-based Class I railway Canadian National saw its net income jump 12 percent year-over-year to C$884 million (U.S. $650 million) in first quarter 2017 on revenues that rose 8 […]
The Phoenix, Ariz.-based trucking and intermodal carrier, which recently announced a $6 billion merger with competitor Knight Transportation, saw first quarter net income tumble 83.7 percent year-over-year to $5.2 million.
Kansas City Southern’s net income jumped 38.9 percent to $149.6 million for the quarter on revenues that grew 8.3 percent to $610 million compared with the same 2016 period, according […]
Trac Intermodal sued two trucking companies, claiming they breached a contract by using its chassis to move maritime cargo.
The Swiss-based third-party logistics provider’s net turnover for the quarter rose 7.2 percent from the corresponding 2016 period, while the seafreight and airfreight segments experienced a boost in volumes.
Intermodal pricing increased 4.8 percent for the month compared with the same 2016 period, just the six year-over-year increase since December 2014 and the second largest since January 2012, according […]
The logistics provider will expand its presence into Mexico via its subsidiary, BNSF Railway Servicios de Logistica, located in Queretaro, Mexico.
Benoit de la Tour, president of terminal operating systems provider Navis, which is extending its reach beyond the terminal, stressed the need to simplify supply chain complexity, noting how the […]
The Jacksonville, Fla.-based Class I railway saw net earnings tick up 1.6 percent to $362 million for the quarter even as revenues jumped 9.6 percent to $2.87 billion compared with […]
Shipment volumes for the month grew 0.5 percent from February and 0.9 percent from March 2016, while expenditures were down 1.2 percent sequentially but up 3 percent year-over-year, according to […]
The Canadian Class I railway’s profit for the quarter tumbled 20.2 percent year-over-year, despite modest increases in revenues and volumes.
The Omaha, Neb.-based Class I railroad’s investment plans stemmed from its $3.1 billion capital plan for 2017, which was approved early in February.
RoadOne IntermodaLogistics adds two new regional business development directors and a regional vice president of operations in the Midwest, while USA Truck appoints vice president, corporate controller.
The intermodal segment, which brought in the majority of J.B. Hunt’s operating revenues for the quarter, saw revenues rise 5 percent year-over-year, reflecting 2 percent volumes growth and a 3 […]
The liner shipping industry will see “profound change” in the next two decades, as macro-economic & demographic shifts are altering trade patterns, industry consultant Lars Jensen said in his book, […]
The third-busiest port complex in North America has spent billions raising the Bayonne Bridge and dredging New York harbor in preparation for larger containerships.
The container terminal operator posted a net profit of 75.9 million euros on revenues of 639.4 million euros, year-over-year increases of 3.3 percent and 8.1 percent, respectively.
The European Commission has cleared the proposed acquisition of German ocean carrier Hamburg Süd by industry leader Maersk Line, provided the company withdraws from five trade-route specific vessel sharing agreements.
The Danish shipping giant has confirmed it is selling its Brazilian cabotage subsidiary Mercosul Line in a preemptive move aimed at satisfying any potential competition concerns from Brazil’s Conselho Administrativo […]
Schneider National Inc. is the first transportation provider to issues shares in an initial public offering since 2010, according to data compiled by Dealogic. But, will it be the last? The time may be ripe for more companies to dip their toes in the water.
Combined United States carload and intermodal cargo volumes increased for the fifth consecutive month in March 2017 following several months of year-over-year declines, according to data from the Association of […]
Lowell, Ark.-based trucking and intermodal logistics provider J.B. Hunt Transport Services has opened a new enterprise sales office in Toronto, its first in Canada, the company said in a statement.
Plaquemines Port Harbor & Terminal District and American Patriot Holdings, LLC want to build a container port and river vessel to move containers to and from ports on the Mississippi […]
John Urban, who is a founder and former president of GT Nexus, served as an executive with APL and was also president of domestic intermodal carrier NPSC.
The third-party logsitics company’s Americas division has carved out a group to create a host of customized transportation services, including cross-border, forward inventory handling, and managed transportation solutions.
Canadian National Railway said loaded import containers arriving via its rail network from the ports it serves on the West, East and Gulf coasts will arrive in Duluth, and empty […]
New, direct rail connections link Germany to eastern and southern Europe.
The U.S. Gulf Coast port is looking to balance out its container import/export imbalance, and leverage its intermodal connections.
The nationwide trucker and third-party logistics provider said it hopes to raise between $281 million and $359 million with the initial public offering, and provided details on how it plans […]
Promoters of a plan to connect the Alaska Railroad to the rest of the North American rail system say it could create new opportunities to exploit natural resources in the […]
The global seafood supply chain is a complex one, and is challenged by various headwinds that can be costly to the industry.
Panelists at JAXPORT conference wade through weighty trade and domestic policy issues facing freight world
One intermodal chassis provider, however, the North American Chassis Pool Cooperative, will maintain its current pricing for both pool and premium chassis despite increased labor costs and inventory and fleet […]
Shipment volumes for the month grew 7 percent from January and 1.9 percent from February 2016, according to the latest Cass Freight Index Report.
The AAPA and CAGTC have issued separate statements decrying President Donald Trump’s proposed 2018 discretionary budget, which would eliminate funding for the Transportation Investment Generating Economic Recovery (TIGER) grants program.
Intermodal pricing in February 2017 increased 4.9 percent compared with the same 2016 period, just the fifth year-over-year increase since December 2014 and the largest since January 2012, according to […]
A recent opinion and order stemming from the litigation resulting from the 2012 explosion and fire aboard an MSC containership highlighted the roles of intermediaries and documentation in the transport […]
Canadian Pacific Railway and the United Steelworkers Local 1976 have reached a tentative five-year labor agreement covering around 600 administrative support and intermodal employees in Canada.
Industrial real estate patterns provide a clue of how freight flows are shifting
The Chicago-based logistics company said it will offer truckload, less-than-truckload, intermodal brokerage and transportation management services to shippers through the new office in Guadalajara, Mexico.
MatchBack Systems forms board of directors, while Swissport International names CEO of Swissport UK & Ireland, and V.Group appoints non-executive directors to board.
The South Carolina Ports Authority broke ground on Inland Port Dillon, which is slated to open in early 2018.
A University of Michigan study found that only 9.7% of those surveyed said they have no concerns about fully autonomous vehicles. But what about driving alongside an 80,000-lb. autonomous big rig? These are already being tested on roads and could be operational within five years. Is the industry ready for the disruption autonomous trucks will cause?
The Port of Richmond, Calif., known for its history as a shipbuilding center during the Second World War, now handles a wide mix of cargo, and is especially known for […]
AsepTrans, the only aseptic international standards organization (ISO) tank operator in the world, will double Odyssey’s ISO tank fleet of intermodal ISO tanks and ISO tank chassis.
Berkshire Hathaway-owned BNSF Railway Co. reported a net income of $4.3 billion on $19.3 billion in revenues for the full year in 2016, decreases of 13.3 percent and 9.9 percent, […]
Combined United States carload and intermodal cargo volumes increased for the fourth consecutive month in February 2017 following several months of year-over-year declines, according to data from the Association of […]
The deal is increasing Direct ChassisLink’s fleet of owned, leased and managed chassis to approximately 133,000.
The NYK Group’s third-party logistics subsidiary recently opened a new 53,820-square-foot logistics center near Celaya, Mexico, in an effort to meet increased demand from domestic and international automotive customers.
The chassis leasing company will roll out TRAC Select in 20 locations across the United States.
After explosive growth in the last several years, could declining volumes be a sign of things to come?
The largest cargo gateway on the U.S. East Coast handled 4.56 million TEUs of loaded containers for the full year, a 1 percent decline from 2015 levels, according to recent […]
XPO Logistics Chairman and CEO Bradley Jacobs said strong e-commerce growth more than offset the weak intermodal environment during the quarter.
Shipment volumes for the month fell 6.4 percent from December due to “normal seasonality,” but were up 3.2 percent compared with the same 2016 period, the second year-over-year increase in […]
Could rising plastic exports create competition for empty containers?
Mexico has trade agreements with 50 other nations outside of NAFTA and container trade options, the liner carrier Maersk notes
Additional shippers and logistics companies have expressed support on a call for the Federal Maritime Commission to provide guidelines on detention and demurrage charges.
Intermodal pricing increased 3.8 percent for the month compared with the same 2016 period, just the fourth year-over-year increase since December 2014 and the largest since October 2014, according to […]
Forwarders and NVOs are accustomed to adapting to complex markets and new competitors, but is this time different?
Some of Fortress Investment Group’s transportation-related holdings include Florida East Coast Railroad, Trac Intermodal, and Seacube Container Leasing.
Transportation on the Yangtze River may be take longer than normal because of annual maintenance on the Three Gorges Dam that began on Feb. 2, but a COSCO Shipping subsidiary […]
However, the Intermodal Association of North America said some analysts are projecting a rebound for 2017.
Chris Dupin, maritime and intermodal editor of American Shipper, examined the importance of protecting high-value parcel deliveries, using the outcome of Golden Hawk Metallurgical’s case against FedEx for the loss […]
Combined United States carload and intermodal cargo volumes increased for the third consecutive month in January 2017 following several months of year-over-year declines, according to data from the Association of […]
American Roll-on Roll-off Carrier Group has brought the vessel Liberty into the American registry, making it the eighth U.S.-flag roll-on/roll-off ship in its fleet.
Mexico’s decision to phase out fuel subsidies could compel carriers to turn to surcharges
While the U.S. merchant marine has dramatically shrunk since World War II, mutual insurer American Club has adapted by expanding overseas.
Last year saw massive changes in container shipping, but will they benefit retailers and other shippers in 2017?
The trucking and intermodal carrier said volumes and pricing during the year were pressured by excess industry capacity, excess customer inventories, a weakening used truck market and sluggish demand.
Kansas City Southern’s net income fell 1.1 percent to $479.9 million for the full year in 2016 on revenues that slid 3.5 percent compared to the previous year, according to […]
Now that the European Shippers’ Council (ESC) has rejoined the Global Shippers’ Forum, ESC Chairman Denis Choumert is hopeful the Asian Shippers’ Association and other Asian shipper groups will work […]
The Lowell, Ark.-based intermodal and trucking provider’s net earnings for 2016 inched up 1.1 percent from 2015 to $432.1 million.
Intermodal pricing increased 1.5 percent for the month compared with the same 2015 period, just the third year-over-year increase since December 2014, according to the latest Cass Intermodal Price Index.
Hunter Harrison, retiring president and CEO of the Calgary-based Class I railway, has apparently decided to cut his remaining time with the company short, and may be eyeing U.S. railroad […]
Shipment volumes for the month slid 1.2 percent from November, but were up 3.5 percent compared with the same 2015 period following a 0.5 percent year-over-year decrease the previous month, […]
The Omaha, Neb.-based Class I railway posted a net income of $4.2 billion for 2016, an 11 percent decline from 2015.
Liberty Woods International filed a lawsuit in personam against Dalia Ship Holding and in rem against Dalia’s ship, the Ocean Quartz, seeking $1.4 million for damage it said occurred to […]
The Jacksonville, Fla.-based Class I railway said that in 2016, the industry continued to face headwinds from low global commodity prices and the strength of the U.S. dollar.
The Institute of International Container Lessors appoints new chairman, Dayton Freight promotes three employees to service center positions, and Page International names director of sales.
Federal Maritime Commission Chairman Mario Cordero says he is willing to discuss the agency’s concerns with Port Authority of New York/New Jersey and OCEMA member carriers, leaving the door open […]
The Intermodal Association of North America selects new board members and officers, while Pender & Coward adds to its maritime, admiralty and transportation practice.
What would a repeal or reset of the landmark trade deal really mean and entail?
Trucking carrier J.B. Hunt Transport and Class I BNSF Railway have filed for arbitration in their negotiations regarding how revenues are divided under a joint service agreement for intermodal transport.
Combined United States carload and intermodal cargo volumes increased for the second consecutive month in December 2016, but the growth was not enough to offset several months of previous year-over-year […]
Port of New Orleans names president and chief executive officer, while Canadian Pacific adds board member and ChassisFinder hires general manager.
The Floridian port is ready to launch a second round of investment – this time with the goal of increasing capacity and service levels within the container yard.
The Class I railway has completed the first phase of the new Virginia Avenue Tunnel project in Washington, D.C., clearing the way for trains to move double-stacked intermodal freight between […]
A new cargo service across Lake Michigan is currently in the works, and could save shippers time and aggravation from having to truck cargo though the congested Chicago area.
New ship orders declined in 2016, driven down by overcapacity and sluggish global trade growth, and although devastating for shipyards and their workers, the drop may be necessary if the […]
Tom Nightingale, a longtime freight transportation and logistics specialist, noted that in fast changing times such as these, it is critical that strategic leaders consider their end-to-end supply chain system […]
However, despite the port experiencing its best November ever in terms of containers handled, its share on the North American container market declined from 12 months prior.
Mac R. Behnke Rentals got into an accident while transporting a shipment for Denso, damaging some of the cargo, and a court said the dispute would have to be resolved […]
The ExpressRail Port Jersey facility will be located adjacent to the recently expanded GCT Bayonne container terminal and is scheduled for completion in mid-2018.
