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.
The Rome, Ga.-based freight broker’s purchase of Apex Freight Services will allow Scott Logistics to expand its market presence and contribute $20 million in additional annual revenues, according to a […]
Schneider sees potential for growth in its bulk transportation business. For many years, the trucking company has provided liquid bulk transport to the chemicals industry, but has started […]
A recent court decision is a reminder that the $500 package limit under the Carriage of Goods at Sea Act (COGSA) does not automatically apply in the event that […]
Operators of breakbulk or multipurpose ships are being squeezed as operators of container and dry-bulk ships—both shipping sectors that are facing hard times—have targeted their market. A recent […]
Attendees will gain insights into the longest supply chains—those that reach into outer space.
The U.N. Economic Commission for Europe said China has ratified the TIR Convention, which it says will further streamline cross-border transportation for cargo moving between China and Europe.
Number four U.S. railway Norfolk Southern reported net income of $405 million for the second quarter compared with $433 million during the same 2015 period, according to the company’s most […]
Gerry Wang, chief executive officer of Seaspan, expressed how he believes the industry will gradually improve if scrapping remains high and new ship orders remain low.
The Montreal, Canada-based Class I railway posted a net income of C$858 million on revenues of C$2.8 billion for the second quarter of 2016, a year-over-year drop of 3 percent […]
The independent containership owner and manager reported profits of $36.4 million on revenues of $224.3 million for the second quarter of 2016.
The deferred airfreight transportation services and drayage provider attributed the loss primarily to one-time costs associated with its acquisition of TQI, which accounted for $27.4 million ($0.90 per diluted share) […]
Logistics costs for businesses in the United States grew in 2015, while spending actually slowed by nearly half from the 5.1 percent compound average rate over the previous four years […]
The intermodal center, which is scheduled to commence operations in the late summer of 2018, will enable shippers from surrounding states to more easily reach the Port of Savannah by […]
The nationwide lease-to-own company started using Cloud Logistics’ transportation management system over a year ago due to its network complexity, and has reaped the benefits of reporting tools and faster […]
Trucking and intermodal carrier Swift Transportation reported net income of $42.9 million on revenues of $1.01 billion for the second quarter of 2016, year-over-year decreases of 15.9 percent and 4.5 […]
REZ-1, Inc., a provider of asset management, equipment reservation, billing and reload services to the domestic intermodal industry, has agreed to purchase cloud-based logistics and transportation management solutions provider International […]
The Class I railroad’s net income and operating revenues fell 19 percent and 12 percent year-over-year, respectively, in Q2 2016, as the strong U.S. dollar on exports and weak demand […]
Schneider has become more than just a long-haul trucker as shippers seek logistics services.
Pricing dropped another 1.5 percent for the month compared with June 2015, according to the latest Cass Intermodal Price Index, and analysts with Avondale Partners expect this trend to continue […]
The expanded Panama Canal locks, which just opened June 26 to handle vessels up to 14,000 TEUs, are expected to reshape U.S. East Coast port operations.
The Jacksonville, Fla.-based railway will construct a $270 million intermodal rail hub in Rocky Mount, N.C. in addition to launching a new intermodal rail service within the state between the […]
Shipment volumes and expenditures both increased compared with the previous month after three months of lackluster performance, but still remained well below 2015 levels, according to the latest Cass Freight […]
The Jacksonville, Fla.-based railway will construct a $270 million intermodal rail hub in Rocky Mount, N.C. in addition to launching a new intermodal rail service within the state between the […]
The intermodal and trucking provider saw second quarter net earnings tick up 1.9 percent year-over-year to $105 million on revenues that grew 5 percent to $1.62 billion.
Cargo volumes carried by U.S.-flag Great Lakes freighters fell 6.4 percent year-over-year in June to 9.65 million net tons.
Rolf Habben Jansen, the chief executive officer of ocean carrier Hapag-Lloyd, said he believes consolidation in the shipping industry resulting from deals such as Monday’s merger agreement between Hapag-Lloyd and […]
The Greenwich, Conn.-based third-party logistics provider won a five-year contract to manage INTERSPORT’s first outsourced logistics warehouse.
The Jacksonville, Fla.-based railway saw second quarter 2016 net earnings drop 19.5 percent to $445 million on revenues that fell 11.7 percent to $2.7 billion compared with the second quarter […]
Ports in the United States will benefit from the federal government’s effort to improve freight mobility with the so-called FASTLANE program, according to the credit rating agency Moody’s Investor Service.
The $46.5 million intermodal hub in Cedar Rapids will cover 75 acres next to the Smith-Dows railyard.
Britain’s largest container port, the Port of Felixstowe, and GB Railfreight commenced a daily intermodal service between Felixstowe and Rotherham in the South Yorkshire area of central England.
The Northern California port’s new near-dock rail facility received its first train, which transported animal feed from the Midwestern United States for export to customers in the Far East.
Combined United States carload and intermodal cargo volumes fell 6.3 percent for the month compared with June 2015 and 7.4 percent for the half of 2016, according to data from […]
The Intermodal Association of North America said the web portal component of its new online platform to facilitate so-called “street turns” for its members is now available, and it will […]
The parcel carrier and logistics provider’s DHL Freight division has expanded its rail transport offerings to and from Asia and North Africa via its hub at Duisburg to include direct […]
The U.S. Department of Transportation has announced 18 proposed grant awards totaling $759.2 million in funding for nationally significant transportation infrastructure projects under the Fixing America’s Surface Transportation (FAST) Act […]
Claudio Bozzo, chief operating officer of liner carrier Mediterranean Shipping Company, joins the World Shipping Council board.
The independent containership owner and manager purchased the vessels for $195.6 million.
Some logistics providers remain skeptical about how well it will work for ports to weigh containers and transmit the data to carriers on behalf of shippers.
Terminals and carriers rush to clarify how shippers can meet the International Maritime Organization’s requirement scheduled to go into effect tomorrow, in which shippers must provide the verified gross mass […]
The Ocean Carrier Equipment Management Association said that a key benefit of the terminal weighing approach is that shippers will not be required to perform any additional actions in order […]
The freight trains collided near the town of Panhandle, Texas Tuesday morning at 8:40 a.m. local time.
The Mobile, Ala.-based full service intermodal drayage carrier and transportation broker opened its 13th intermodal drayage terminal at Baltimore.
Container pricing today is more likely to be based on a carrier’s cost of providing the service and the value of a customer’s business, rather than what on what is […]
The collision in northern Texas left one injured and three missing Tuesday morning.
Sometimes order matters a lot, and other times not so much. For example, if you order a turkey and Swiss cheese sandwich or a Swiss cheese and turkey sandwich, […]
The agriculture shipper advocate praised container weighing methods recently outlined by the Ocean Carrier Equipment Management Association and G6 Alliance carriers, saying terminals nationwide should adopt similar methods.
The Panama Canal’s third lane opened for business, following Sunday’s transit of the 9,472-TEU COSCO Shipping Panama.
The 9,742-TEU containership COSCO Shipping Panama began its historic passage through the expanded waterway, construction of which began back in 2007, Sunday morning.
The two Class I railroads will spend $28 million to make improvements along a 320-mile rail line between Meridian, Miss. and Shreveport, La., with work scheduled to start next week.
Year-over-year pricing dropped for the 17th consecutive month in May 2016, according to the latest Cass Intermodal Price Index, and analysts with Avondale Partners expect this trend to continue through […]
Shipment volumes in May 2016 grew 1.3 percent compared with the previous month, but expenditures slipped 0.4 percent, and both remained well below 2015 levels, according to the latest Cass […]
The transportation management software provider completed an integration partnership with Thoroughbred Direct Intermodal Services, Inc., a wholly owned subsidiary of Norfolk Southern Railroad.
The Ocean Carrier Equipment Management Association indicated it is close to finalizing a common approach for U.S. port terminals to weigh containers, allowing exporters to meet a new requirement designed […]
The beginning of the month brought little relief to freight railroads as business in many commodity lines continued to fall in the United States, Canada and Mexico.
The retail logistics specialist signed a lease for bigger facility near the Port of Savannah, according to a statement from the company.
AAGEX Freight Group President and CEO Mike Williams said the new company is inspired by his vision to advance a business model for logistics entrepreneurs to keep pace in a […]
Goods coming from the Balkans will arrive by ship at the Port of Venice, where they will be loaded on a direct train to the Port of Rostock for departure […]
PECO names chief executive officer, Union Pacific appoints chief legal officer and CenterPoint annouces senior vice president of development.
The container and railcar leasing company has acquired Hybrid Logistics, Inc. and its General Transportation Services, Inc affiliate, which are asset-light truck brokers with a focus on flatbed truck and […]
Combined United States carload and intermodal cargo volumes fell 6.8 percent in May compared with May 2015 and 7.6 percent for the first five months of 2016, according to data […]
Drivers are striking four companies doing business in and around the ports of Los Angeles and Long Beach, claiming they are being misclassified as independent contractors instead of employees.
The Gulf Coast port’s Napoleon Avenue Container Terminal transported 99,568 TEUs in March and April combined, which is more than it has transported during any two months in the port’s […]
The bi-state port complex saw throughput of both loaded imports and exports decline both on a monthly and year-over-year basis, according to recent data from the port authority.
Peter Friedmann accused container lines of bungling the International Maritime Organization’s new container weight verification requirement, and said some now realize they face high internal costs unless they offer a […]
South Korean ocean carrier Hanjin asked Seaspan and others for a reduction in existing charter rates for a period of three and a half years in exchange for securities in […]
Is the emperor naked on that horse? Transportation policies and investment that helps manufacturers. Correction.
The European port saw container volumes fall 3.4 percent year-over-year for the first quarter of 2016 to 2.2 million TEUs, primarily due to the slow start in container traffic with […]
In order to transport goods beyond its borders, Iowa relies on a network of 10,000 miles of highways, 3,825 miles of tracks used by 18 large and small railroads, and […]
Iowa uses sophisticated supply chain modeling to map future freight transportation infrastructure.
A sense of what the container shipping industry may look like a year from now has started to emerge as ocean carriers seek to avoid a financial wreck from overcapacity […]
Shipment volumes and expenditures in April 2016 grew 0.6 percent and 0.2 percent, respectively, compared with March, but both remained well below 2015 levels, according to the latest Cass Freight […]
The asset-light transportation and logistics provider began offering expedited less-than-truckload freight service from Chicago to the metropolitan areas of Los Angeles, Atlanta and Dallas.
Class I railroad Union Pacific and third-party logistics services provider Katoen Natie will set up a new transload service in Dallas for plastic pellet producers to export overseas.
Ports that insist on “no doc/no gate” policies with regard to verified container weights could lose business, the company’s export manager says.
The 10 STS cranes will be the tallest in service at any port in the United States, capable of handling ultra-large containerships with capacities of up to 20,000 TEUs, according […]
Rates fell another 3.4 percent for the month compared to April of last year, the 16th consecutive month prices have decreased, and analysts with Avondale Partners expect this trend to […]
Direct ChassisLink, Inc., which was established in 2012 by its current owner Littlejohn & Co., has grown its equipment fleet to 120,000 marine chassis and 92,000 rail intermodal containers.
