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 declines.
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 Mid-Atlantic seaports and the Midwest on its railroad network.
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 health of the container liner industry is going to be restored.
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 as a whole in order to best succeed.
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 by a “fact finder” in trial and not in a summary judgement proceeding.
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.
Shipment volumes in November 2016 slipped 3 percent from October and 0.5 percent compared with the same 2015 period following the first year-over-year increase in the previous 20 months, according to the latest Cass Freight Index Report.
The Danish ocean carrier’s acquisition of Hamburg Süd from the Oetker Group would expand its market share in Latin America and Oceania trades.
Intermodal pricing increased 0.3 percent for the month compared with the same 2015 period, just the second year-over-year increase since December 2014, according to the latest Cass Intermodal Price Index.
Emerging technologies are helping the ocean and trucking industries work together in more meaningful ways.
The credit rating agency said container shipping companies will continue to face oversupply, and profitability could be put under even more pressure if bunker fuel prices increase.
A Genesee & Wyoming subsidiary in the United Kingdom will purchase APM Terminals subsidiary Pentalver Transport, which operates off-dock container terminals in each of the UK’s four major seaports, as well as an inland terminal and a trucking operation.
The Oct. 19 AS Daily news report, “Crowley gets green light for sea-air transshipment in Miami,” suggested that the Miami forwarder was the first to offer such a service to the United States. However, American Shipper has learned that some forwarders employed the intermodal mode in Seattle during the 1990s until the early […]
Combined United States carload and intermodal cargo volumes ticked up 1.1 percent for the month following several consecutive months of year-over-year declines, according to data from the Association of American Railroads.
A coalition of 25 business groups has asked the Federal Maritime Commission to address fees imposed when shippers can’t pick-up and return cargo, containers and chassis for reasons beyond their control.
A coalition of 25 business groups has asked the Federal Maritime Commission to address fees imposed when shippers can’t pick-up and return cargo, containers and chassis for reasons beyond their control.
Advent Intermodal Solutions appoints newly created role of chief strategy officer, while the Soy Transportation Coalition elects new chairman and officers.
Concurrent with the deal for Glencore Rail, the Australian subsidiary of short line and regional rail operator Genesee & Wyoming has issued a 49 percent equity stake to funds managed by Macquarie Infrastructure and Real Assets.
The French ocean carrier commenced the ADRIMED Express, which deploys three vessels that connect Egypt, Malta, Croatia, Italy and Slovenia.
Erie, Pa.-based Logistics Plus Inc., a transportation, logistics and supply chain solutions provider, has acquired the DoorLogistics door-to-door intermodal solution.
Elaine Chao has served as Secretary of Labor under President George W. Bush and Deputy Secretary of Transportation under President George H.W. Bush.
French ocean carrier CMA CGM said APL has improved its performance in the first three months under the ownership of CMA CGM, despite a challenging market.
The Prologis Oakland Global Logistics Center, a new warehouse complex being constructed on a former military installation, adjacent to both the Port of Oakland and the San Francisco-Oakland Bay Bridge.
Shipment volumes in October 2016 grew 0.9 percent from the previous month and 2.7 percent compared with the same 2015 period, the first year-over-year increase in 20 months, according to the latest Cass Freight Index Report.
Frisco, Texas-based Transplace, a provider of transportation management services and logistics technology, has acquired Oakville, Ontario-based Lakeside Logistics.
Intermodal pricing increased 0.4 percent for the month compared with the same 2015 period, the first year-over-year increase since December 2014, according to the latest Cass Intermodal Price Index.
The North Florida port’s new Intermodal Container Transfer Facility provides rail service to the Blount Island Marine Terminal and TraPac Container Terminal at Dames Point, connecting the terminals with Class I railway CSX’s main line.
The joint container venture between Japan’s ‘Big 3’ will have a fleet capacity of 1.38 million TEUs, making it the sixth largest in the world, and when their 23 new ships are delivered, the merged operation will become the fifth largest carrier.
BNSF Railway Co. and Kansas City Southern will offer a new joint intermodal service connecting shippers in the Chicago and Dallas/Fort Worth areas, as well as other major markets along BNSF’s rail lines to the Kansas City Southern de México network.
The Mid-Atlantic port continues to handle much more cargo than a year ago, in part due to cargo diversion from the West Coast.
The mid-Atlantic port handled 238,567 TEUs in October, making it the single-busiest month in the port’s history, while rail and barge volumes also increased from last October.
McDonough, Ga.-based transportation and logistics company Bennett International Group established BOSS Engineered Logistics to provide more neutral third-party logistics solutions.
The logistics provider and container terminal operator’s intermodal segment was especially successful during the period.
Danish third-party logistics provider DSV said it can grow market share by cross-selling brokerage and asset-based services previously provided under the UTi brand.
Analysts predict higher volumes and rates, but offsetting coal traffic decline will be a heavy lift
The Greenwich, Conn.-based third-party logistics provider reported a net income of $13.8 million in the third quarter of 2016 compared with a $93.1 million loss in the same 2015 period, according to the company’s most recent financial statements.
The Intermodal Association of North America reported that total intermodal loadings fell 4.6 in the third quarter of 2016 compared to the same period in 2015.
The Association of American Railroads said 1.07 million carloads were handled in October, down 5.1 percent year-over-year.
The Icelandic ocean carrier has entered into an agreement to purchase asset-light transportation and logistics provider Nor Lines in an effort to broaden its value-added service offerings, the company said in a statement.
Darien, Conn.-based short line railroad operator Genesee & Wyoming Inc. reported net income of $56.8 million on revenues of $501 million during third quarter 2016, year-over-year decreases of 10.4 percent and 8.3 percent, respectively.
The U.S. Department of Transportation is soliciting applications for fiscal year 2017 FASTLANE grants from public sector entities interested in developing freight infrastructure projects.
The truckload transportation and logistics services provider reported a net income of $23.4 million on $280.5 million in revenues in the third quarter of 2016, year-over-year decreases of 22.9 percent and 6.5 percent, respectively.
The Greenwich, Conn.-based third-party logistics provider said it will use the $558 million in cash from TransForce to pay down debt.
XPO Logistics said the sale of its truckload operations includes approximately 3,000 tractors, 7,500 trailers and 29 facilities it acquired in its October 2015 purchase of Con-way Inc., and proceeds will be used to pay down debt.
The combined companies will have gross revenues approaching $1 billion and will manage more than 700,000 intermodal, truckload and less-than-truckload shipments annually.
The Oak Brook, Ill.-based multi-modal transportation management company saw net income fall 9.6 percent to $17.9 million in the third quarter of 2016 despite a 3.7 percent increase in revenues compared with the same 2015 period.
Under an agreement reached earlier this year, Ports America Chesapeake will assume operational responsibility for the Seagirt Container Transfer Facility at the Port of Baltimore on Oct. 31, the port terminal operator said in a statement.
The third-party logistics provider’s earnings per share for Q3 2016 fell short of analyst expectations, largely due to net revenue margin pressure as contractual sell rates fell faster than spot buy rates, William Blair Equity Research said.
The National Retail Federation, the California Trucking Association Intermodal Conference and the Harbor Trucking Association have proposed a “joint powers authority” to oversee funding of night and weekend terminal operations.
The Class I railway’s net income rose 2 percent year-over-year in the third quarter of 2016 to $460 million, despite a weak coal segment.
Montreal, Canada-based Class I railway Canadian National saw net income for the third quarter of 2016 fall 2.9 percent to C$972 million (U.S. $727.6 million) on revenues that slid 6 percent to C$3.01 billion compared with the same 2015 period.
The public-private partnership is aimed at increasing the height of the Howard St. Tunnel so two containers can be loaded onto intermodal cars, making it more efficient for traffic moving to and from the Port of Baltimore.
Trucking and intermodal carrier Swift Transportation grew net income 4.7 percent year-over-year to $38 million in third quarter 2016 on revenues that slipped 4.9 percent to $1.01 billion compared with the same 2015 period.
RoadOne IntermodaLogistics said it has acquired Milford, Conn.-based C & V Transportation in an effort to expand its operations in southern New England and the Port of New York and New Jersey.
The deferred airfreight transportation services and drayage provider’s third quarter 2016 net income fell 24.2 percent to $11.9 million compared with the same 2015 period, according to the company’s most recent financial statements.
RoadOne IntermodaLogistics names VP of Northeast sales, while BestTransport.com appoints president.
The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected to commence operations until around April 2017.
Geneva-based Mediterranean Shipping Co. has confirmed it is looking to buy the now insolvent South Korean shipping company’s 54 percent stake in the Southern California container terminal.
After hitting an all-time low in February, dry bulk shipping rates have more than tripled. The Baltic Dry Index—which reflects estimates for the cost of moving a variety of different dry bulk commodities in different size ships on a variety of routes—has climbed from a record low of 290 to more than 900 in […]
In a recent decision, the U.S. District Court for the Southern District of New York (SDNY) found a Forward Freight Agreement (FFA) between two companies was not a maritime contract and that the court lacked jurisdiction to enforce a judgment handed down by an English court. The case (D’Amico Dry Limited v. Primera Maritime […]
The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected to commence operations until around April 2017.
The Mondovi, Wis.-based temperature-sensitive truckload carrier posted a net income of $8.44 million for the third quarter of 2016 and $25.16 million for the first nine months of the year.
Hanjin opposed Ashley Furniture’s motion for a freeze on the amounts it owes the carrier, along with a reduction in the amounts owed, saying in a court filing that if the motion was granted, its ability to reorganize would have been severely jeopardized.
Hanjin opposed Ashley Furniture’s motion for a freeze on the amounts it owes the carrier, along with a reduction in the amounts owed, saying in a court filing that if the motion was granted, its ability to reorganize would have been severely jeopardized.
The U.S. District Bankruptcy Court in Newark, N.J. will hear from companies today that said Hanjin is not “promptly” informing creditors when ships go off charter.
The Omaha, Neb.-based Class I railway experienced year-over-year declines in net income and revenues for the third quarter of 2016, driven down by lower carload volumes and an especially weak coal segment.
Shipment volumes in September 2016 slipped 0.4 percent from the previous month and 3.1 percent compared with the same 2015 period, the 19th straight month of year-over-year volume declines, according to the latest Cass Freight Index Report.
The Deutsche Bahn AG subsidiary is planning a workforce reduction of 893 positions and other operational downsizing due to what it called “unprecedented challenges” in the rail transportation market caused by declining commodities volumes.
Calgary-based Class I railway Canadian Pacific posted a net income of $347 million Canadian (U.S. $266.4 million) in the third quarter of 2016, a 7.4 percent increase from the same 2015 period, on revenues that fell 9.4 percent to C$1.55 billion.
Although the decline was less severe than the previous 20-month average, intermodal pricing in September 2016 dropped for the 21st straight month compared with the prior year period, according to the latest Cass Intermodal Price Index.
The Lowell, Ark.-based intermodal and trucking provider’s revenues for the third quarter of 2016 rose 7 percent year-over-year to $1.69 billion.
PSA International has purchased Hong Kong-based Luck Glory International Ltd., which owns a 15.33 percent share of China United International Rail Containers, for an undisclosed price, the company said in a statement.
The real-time truckload tracking and visibility startup said it will use the investment funds to integrate more data sources into its platform, expand internationally, and cover additional transportation modes such as LTL, rail, intermodal and ocean.
The Woodcliff, N.J.-based carrier welcomed its newest U.S.-flag roll-on/roll off ship to its fleet on Friday during a ceremony at the Port of Baltimore.
Under a new four-year contract with Milan, Italy-based Leroy Merlin, CEVA Logistics will supply in-house warehouse management and distribution services for the company’s home improvement products throughout Italy.
The nationwide trucker and third-party logistics services provider said it will seek an initial public offering of its common stock in 2017.
Meanwhile, Hanjin has sent a note to customers that says it will allow Hanjin-owned containers to be terminated at either Terminal 46 in Seattle or Pier T in Long Beach.
Georgia Ports Authority Executive Director Griff Lynch said the Port of Savannah is quickly recovering from Hurricane Matthew, but cargo vessels are unable to reach the port until navigational aids are repaired.
Georgia Ports Authority Executive Director Griff Lynch said the Port of Savannah is quickly recovering from Hurricane Matthew, but cargo vessels are unable to reach the port until navigational aids are repaired.
Nationwide trucker and third-party logistics services provider Schneider National said it will seek an initial public offering of its common stock next year.
Kansas City Southern Railway has named Watco Transloading as operator of its new Zacha transload facility in Dallas, which offers 9,523 feet of track space and 80 acres of outside storage, the company said in a statement.
The Chamber of Marine Commerce appoints interim president, while the executive director of the Transportation Institute at the University of Denver (DTI) will retire.
Combined United States carload and intermodal cargo volumes continued their decline in September 2016, falling another 4.8 percent compared with the same 2015 period, according to data from the Association of American Railroads.
The industrial developer has acquired a 116,550-square-foot facility in Santa Fe Springs, Calif., featuring nearby access to the intermodal yards of two Class 1 railroads.
Thousands of chassis in and around the ports of Los Angeles and Long Beach have containers mounted on them that are either owned or leased by the now insolvent ocean carrier Hanjin Shipping.
The chief executive officer of SSA Inc., Knud Stubkjaer, who has over 35 years of expertise in the transportation, terminal operations and logistics industry, received the 2016 Connie Award.
Norfolk Southern’s chief legal officer retires, while SynchroNet Intermodal Services names DoorLogistics sales director and Alliance Shippers appoints assistant vice president of sales.
The Port of Montreal has plans for a new terminal in Contrecoeur, while DP World signed a lease in July to expand and operate the Rodney container terminal in Saint John, and new container terminals are proposed in Melford and Sydney.
The Massachusetts Department of Transportation awarded funds to seven projects expected to take 37,000 truck trips off state roads annually under the 2016 Industrial Rail Access Program, the department said in a statement.
Transportation planners and industry executives briefed House lawmakers last week on progress made so far with implementing freight provisions of the FAST Act.
Matt Rose, chief executive officer of the Berkshire Hathaway-owned Class I railway, said federal regulators should consider how the sharp decline in coal traffic is affecting the nation’s railways.
Watco Supply Chain Services has introduced a new international division that will operate as a registered non-vessel operating common carrier and an indirect air carrier, the company said in a statement.
The effects of the South Korean carrier’s decision to file for court receivership at the end of August is being felt widespread across thousands of businesses throughout the world.
