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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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.
Danish conglomerate A.P. Møller-Maersk is probably best known as the parent company of the world’s largest container shipping company, Maersk Line; the world’s third largest container terminal operator, APM […]
The need for strict adherence to the terms of a letter of credit was made painfully clear in a recent federal appeals court decision to uphold a district court […]
The debate over who benefits from the expansion of the Panama Canal usually overlooks the U.S. Gulf Coast. It’s generally believed that there’s insufficient volume going to or originating from […]
Terrorism’s long view American Shipper’s editor, Christopher Gillis, makes timely and cogent points in his August editorial about the need for continuing vigilance of security within international supply chains. […]
The U.S. Federal Maritime Commission has received 37 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from A-Logixtic Group, Houston […]
Shipment volumes in August 2016 were relatively flat from the previous month, but expenditures slid 3.3 percent, while both were well below 2015 levels, according to the latest Cass Freight […]
The South Atlantic port handled 330,846 TEUs in August, up 5 percent from August 2015 and port officials anticipate more container business in the coming years due to GPA’s “Mid-American […]
The Georgia Ports Authority plans to expand its on-dock rail infrastructure to accommodate unit trains, which officials say will offer greater efficiency for shippers as far away as Chicago and […]
Intermodal pricing dropped for 20th straight month compared with the prior year period, according to the latest Cass Intermodal Price Index, and analysts with Avondale Partners expect the trend to […]
Global port terminal operator APM Terminals, a subsidiary of Danish shipping conglomerate AS Moller Maersk, will invest $40 million in cranes at the Pier 400 facility in the Port of […]
The South Carolina Ports Authority said it plans to break ground on the new intermodal facility in Dillon during the first quarter of 2017.
In addition, the South Carolina Ports Authority announced Monday its plans to develop a second inland port in Dillon, S.C. to support growth of intermodal container volumes and expand access […]
Watco Supply Chain Services has purchased BCM Logistics, a Clearfield, Utah-based provider of door-to-door intermodal services, for an undisclosed sum, according to a statement from the company.
RoadOne IntermodaLogistics looks to expand its operations in southern New England and business with the marine terminals at the Port of New York and New Jersey through its recent acquisition […]
Combined United States carload and intermodal cargo volumes fell 5.7 percent in August despite a 24.7 percent increase in grain carloads compared with the same 2015 period, according to data […]
The so-called “Freight Shuttle System” was conceived to resolve one of freight transportation’s most pressing needs, moving goods 500 miles or less.
Charlotte, N.C.-based Ridgemont Equity Partners closed on an equity investment in freight broker Nolan Transportation Group to support the firm’s “continued rapid growth,” the companies said in a joint statement.
The Berkshire Hathaway-owned Class I railway said its new intermodal service connecting Portland, Ore. and Seattle, Wash. with Dallas Fort Worth will provide comparable transit times to single-driver, over-the-road options.
The U.S. Department of Transportation said the 18 infrastructure project grants awarded in fiscal year 2016 – collectively valued at nearly $800 million – will support $3.6 billion in infrastructure […]
The Jacksonville, Fla.-based Class I railway said it expects third quarter earnings per share to decline slightly from last quarter due to high single-digit volume reductions from the same period […]
The third-party logistics subsidiary of ArcBestSM agreed to purchase Sparks, Nev.-based truckload capacity provider Logistics & Distribution Services for $25 million, according to a statement from the company.
Carriers may seek to “turn the table” on shippers who drove hard bargains, but an upturn in rates may be short-lived.
The containership lessor sold 3.2 million Series G shares at $25 per share ($80 million) in an offering that closed Friday, and 9 million Series H shares earlier this month […]
CDPQ Infra has signed an agreement to acquire the aerial structure leading to Central Station in Montreal from Canadian National Railway and use the station as an intermodal hub for […]
The Council of Supply Chain Management Professionals will honor J.B. Hunt, Henry Ford and Malcom McLean for their pioneering leadership in the supply chain arena.
The Hong Kong-based third-party logistics provider increased net profit 1 percent to $548 million Hong Kong (U.S. $70.7 million) compared with the first half of 2015 as revenues grew 3 […]
Ninety-five percent of hides produced in the United States are shipped in containers to leather producers, primarily in the Far East, but also other countries around the world.
The containership charterer said in a filing with the U.S. Securities and Exchange Commission last Thursday that past due accounts receivable from South Korean ocean carrier Hanjin Shipping had grown […]
Intermodal pricing in July dropped for 19th straight month compared with the prior year period, according to the latest Cass Intermodal Price Index, and analysts with Avondale Partners expect the […]
DSF said it expects intra-regional trades to grow in importance at the expense of the main east-west trades.
Richard Lidinsky Richard Lidinsky, who in July stepped down after seven years as one the five members of the U.S. Federal Maritime Commission, kept a fanciful cartoon from the […]
In 2004 the hull of the tanker Athos I was punctured by an abandoned ship anchor as it approached an asphalt refinery terminal in Paulsboro, N.J., on the Delaware […]
Southern California’s so called “Blue Cut Fire” has disrupted BNSF and Union Pacific rail traffic, including intermodal traffic moving to and from the ports of Los Angeles and Long Beach, […]
However, the Department of Homeland Security waived the 100 percent scanning law for the third time, which was originally scheduled to be implemented four years ago in reaction to 9/11.
Southern California’s so called “Blue Cut Fire” has disrupted BNSF and Union Pacific rail traffic, including intermodal traffic moving to and from the ports of Los Angeles and Long Beach, […]
DCLI, Flexi-Van and TRAC asked the Federal Maritime Commission to prevent imposition of a chassis fee by terminal operators at the ports of Los Angeles and Long Beach.
The Mexico City-based port management and logistics provider reported a net loss of 1.40 pesos per share for the quarter on revenues that fell 20.8 percent to 662.6 million pesos […]
Shipment volumes were flat from the previous month, and expenditures were down just 0.6 percent, but both still remained well below 2015 levels, according to the latest Cass Freight Index […]
As a result of the extended agreement, truckers will continue to have access to a common pool of chassis at the Port of Savannah.
Regional and short line rail group Genesee & Wyoming Inc. has agreed to acquire Worcester, Mass.-based railway Providence and Worcester Railroad Co. for $126 million, according to a joint statement […]
The South Florida port and the Florida East Coast Railway educated business groups in Washington, D.C. Wednesday about South Florida’s potential as an export gateway.
In addition, the logistics provider and container terminal operator’s container throughput was hindered by slower economic growth in China and lower feeder volumes for the Baltic Sea ports.
Overall intermodal traffic in North America fell 6.1 percent in second quarter 2016, the first volume decline in 25 consecutive quarters, according to data from the Intermodal Association of North […]
The expanded turning basin project, which allows the port to handle post-Panamax vessels with a length of 1,150 feet and a breadth of 158 feet, involved the removal of an […]
Berkshire Hathaway-owned BNSF Railway Co. reported a net income of $772 million in the second quarter of 2016 and $1.56 billion in the first half of the year, decreases of […]
Combined United States carload and intermodal cargo volumes fell 7.9 percent for the month compared with July 2015 and 7.4 percent for the first seven months of 2016, according to […]
A one-time newspaper reporter, Helen Delich Bentley, was a strong advocate for the maritime industry, particularly the Port of Baltimore.
Under the new partnership, the state’s first inland terminal will handle up to 30,000 TEUs annually for Kia Motor Manufacturing Georgia to supply the automobile manufacturer’s plant in West Point, […]
The Le Havre, France-based food logistics specialist will build and operate a 30,000-square-foot temperature controlled warehouse facility in the South Florida Logistics Center next to Miami International Airport and just […]
However, chassis lessors oppose the West Coast Marine Terminal Operator Agreement members’ plan to implement a $5 fee on chassis that move in and out of container terminals at the […]
The Fort Worth, Texas-based railway and the Port of Los Angeles are appealing a judgment that halted plans by the railroad to build the Southern California Intermodal Gateway.
Darien, Conn.-based short line railroad operator Genesee & Wyoming Inc. reported net income of $48.4 million on $501.4 million in revenues for second quarter 2016, year-over-year decreases of 8.3 percent […]
Union Pacific promotes VPs and Aljex Software names VP of sales and marketing, while CentrePort Canada appoints CFO and the Allen Lund Co. picks Atlanta office manager.
The U.S. Department of Transportation said it plans to allocate almost $500 million to 40 projects under the popular TIGER grant program.
The truckload transportation and logistics services provider reported a net income of $24.7 million in the second quarter of 2016 and $47.2 million in the first half of 2016, year-over-year […]
The Port of New York and New Jersey, which experienced the second busiest June ever for box volumes, was called by a 10,077-TEU containership at the GCT Bayonne Terminal.
The Winston-Salem, N.C.-based BB&T Bank, which is facing profit pressure in account-based stock brokerage, will no longer provide equity research for freight transportation.
The transportation management company posted a net income of $20.7 million on revenues of $856 million for the second quarter of 2016.
