‘Neck of an hourglass’
N.C. port authority expects boost from new intermodal terminal.
N.C. port authority expects boost from new intermodal terminal.
Chief Financial Officer of the Jacksonville, Fla.-based railway Frank Lonegro told the Barclays Industrial Select Conference in Miami the company expects a further 20 percent decline in coal volumes in […]
More than 2.13 million TEUs moved over the U.S. Gulf Coast port’s docks in 2015, up from just under 2 million TEUs in 2014, and new facilities and infrastructure expansion […]
The inland river port experienced a 23.8 percent month-over-month drop in barge tonnage to 112,594 tons in January.
Ahead of Thursday’s Federal Maritime Commission hearing on verified gross mass reporting requirements for containers, the ocean shipping industry still unclear on so many details of how the rule will […]
Meanwhile, a Department of Transportation agency is expected to soon establish a working group to develop a port performance statistics program.
Parcel giant UPS has joined the chorus of voices opposing a tie-up between Canadian Pacific and Norfolk Southern, sending a letter to the U.S. Surface Transportation Board that says a […]
The new freight hub will complement Ports of Auckland’s existing facilities in Wiri, South Auckland; Longburn, Manawatu; and Mount Maunganui, a town situated along the Bay of Plenty.
The industrial real estate development and management firm acquired warehousing space in Savannah, Ga. and Suffolk, Va., bringing its total U.S. East Coast portfolio to 9.4 million square feet.
Matt Rose, chairman and CEO of BNSF Railway, said a deal between Canadian Pacific and Norfolk Southern is unlikely because it would require buy-in from investors, rail labor, customers and […]
Carload traffic dropped 16.6 percent in January, but intermodal traffic grew 3.4 percent compared with January 2015, according to data from the Association of American Railroads.
The short line and regional freight railroad owner and operator Genesee & Wyoming saw net income fall 13.7 percent year-over-year in 2015 to $225 million.
Maritime industry groups are concerned that the 2017 fiscal year budget request from the Obama administration will hurt progress made by ports on infrastructure and the environment.
Although activity slowed slightly in the fourth quarter, total deal value for mergers and acquisitions in the transportation and logistics sector spiked 206 percent from the same 2014 period, according […]
Inland Port V, a 654,656-square-foot building at Logistics Park Kansas City, is expected to be completed in June 2016.
The logistics provider and container terminal operator primarily attributed the declines in revenues and EBIT to the economic crisis in Russia and the Ukraine, the slowdown in economic growth in […]
Gilbert “Gil” Ellzey Carmichael, who held presidential-appointed transportation administration posts in the 1970s, died Jan. 31 at his home in Meridian, Miss.
Meanwhile, the intermodal transportation management provider and truck brokerage says it has closed its Hub Group Trucking terminal serving the Los Angeles, Calif. market.
Although domestic container and ISO container volumes increased compared to 2014, trailer volumes declined, according to data from the Intermodal Association of North America.
The third-party logistics provider’s net income increased to $126.58 million despite revenues dropping 4.4 percent to $3.21 billion compared to the fourth quarter of 2014, according to the company’s most […]
The Virginia Port Authority has extended its operating control of the Port of Richmond until 2056.
The operating costs of shipping between East Asia and the U.S. East Coast could fall by up to 30 percent because the labor and fuel costs per container are lower […]
Perhaps the biggest threat from volatile financial markets is that the process of planning long-term infrastructure improvements will be sidelined. There is a lot of freight to move around […]
To clarify, the future of the ocean liner industry isn’t here per se, at least not yet, but we may have gotten a glimpse of it at the end […]
Should big ports combine terminals to better handle big ships and the concentrated box volumes they throw off?
The temperature-sensitive truckload carrier’s net income for 2015 surged 19.8 percent year-over-year to $35.7 million.
American Roll-on Roll-off Carrier Group will deploy the roll-on/roll-off vessel Aida as the seventh United States-flagged ship in its fleet.
2015 was a strong year for the Port of Indiana-Jeffersonville, located on the Ohio River in metro Louisville, especially for metal and grain shipments.
The Czech rail operator will launch a direct intermodal shuttle service between Rotterdam, Netherlands and Poznan, Poland Feb. 1.
The multimodal solutions provider unveiled its new short sea connection between Rotterdam, Netherlands and Gjemnes, Norway.
Norfolk Southern Corp. announced a five-year cost cutting and restructuring plan in an attempt to stave off a hostile takeover by Canadian Pacific Railway, but one Senate Democrat says he […]
The Canadian port’s $4.1 million rail spur that opened in May made it possible to move steel that arrived by ship out west.
Canadian National Railway reported fourth quarter earnings of C$941 million and full-year profits of C$3.54 billion in 2015, year-over-year increases of 11 percent and 12 percent, respectively, despite a weak […]
The number four U.S. railway reported net income fell 29.4 percent as revenues dropped 12 percent from the prior year on lower coal, intermodal and general merchandise volumes in fourth […]
The Canadian port terminal in Halifax will receive three front end loaders, eight intermodal terminal tractors and five roll-on/roll-off terminal tractors in the second quarter of this year.
The recovery from Winter Storm Jonas, which has already claimed the lives of at least 48 people, is slow and transportation networks are operating at limited capacity.
Trucking and intermodal carrier Swift Transportation held onto profit gains in the fourth quarter and calendar year 2015 even though volumes were down slightly and fuel surcharges were virtually eliminated.
Canadian National Railway has submitted an application to the Canadian Transportation Agency for the approval of its proposed intermodal and logistics hub to be built in Milton, Ont.
MOL (America) names new vice president of area operations, while the Port of Houston Authority announces reappointment of commissioner.
The intermodal and trucking specialist posted a fourth quarter 2015 profit of $116.7 million and earnings per share of $1.01, surpassing analyst projections of $0.99 per share.
Aljex Software names VP of corporate strategy and IICL elects 2016 board, while SOGET appoints CEO and Hansa Heavy Lift picks offshore adviser.
The new service from the Port of Wilmington in North Carolina will connect with Charlotte starting this spring, and an another CSX intermodal hub in Raleigh is slated for a […]
The Western U.S. railroad says an uncertain economy, energy markets, plunging commodity prices, and the strength of the U.S. dollar will be continuing challenges in 2016.
The Polish Port, which made numerous investments throughout 2015, handled 35.9 million tons of cargo during the year, an 11.3 percent increase from 2014.
The Northern California port says there is ample capacity to absorb cargo business at other Oakland terminals after a “unilateral” decision to depart by the joint operators of Outer Harbor […]
The Northern California port says there is ample capacity to absorb cargo business at other Oakland terminals after a “unilateral” decision to depart by the joint operators of Outer Harbor […]
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Feiliks Global Logistics […]
FMC reviews 13 OTI license applications
The Jacksonville, Fla.-based Class I railway’s $272 million “Carolina Connector” project is contingent on securing $100 million in funding from the state of North Carolina.
Rail freight volumes in the United States dropped 2.5 percent year-over-year to 28 million carloads and containers in 2015, according to data from the Association of American Railroads.
Rates fell another 3.8 percent in December compared to last year, the 12th consecutive month prices have decreased, according to the latest Cass Intermodal Price Index.
The Jacksonville, Fla.-based railway reported revenues in the fourth quarter of 2015 fell 13 percent compared to the fourth quarter of 2014 thanks in part to a 32 percent drop […]
Norfolk Southern is working to improve efficiency in the face of the Canadian Pacific offer, announcing moves to consolidate management of key coal and intermodal routes in the mid-Atlantic region.
It is unclear, however, whether the aircraft manufacturer has any plans to actually produce the plane.
A dozen rubber tire gantry cranes will be added this year and in early 2017 at Global Container Terminals’ GCT Deltaport terminal in Port Metro Vancouver as part of an […]
The port plans to ban current trucks with 1994-95 engines by 2018 and require new trucks serving port to have 2007 engines or better starting in March.
The Intermodal Association of North America installs 2016 board, while the U.S. Meat Export Federation promotes Japan director.
The Jacksonville,Fla.-based Class I railway is turning over operating management of the intermodal terminal to Ports America in an attempt to improve the efficiency of rail service at the Port […]
The refrigerated intermodal services provider added Miami and Toronto as new destinations to its intermodal service offerings from Washington State and Oregon.
Under Seaton’s leadership, ocean carrier APL pioneered industry innovations like larger-than-panamax containerships, doublestack trains, and domestic intermodal service.
Jacksonville, Fla.-based logistics services provider Momentum Transportation – USA, a Landstar agency, has acquired Get Fr8 and expects to benefit from its intermodal capabilities.
A proposal for the development of an inland port in the eastern Pennsylvania town of Bethlehem is being floated by the Port of New York and New Jersey in an […]
Don’t be bashful. When it comes time to negotiate service contracts with the liner carriers this spring, shippers and non-vessel-operating common carriers should go for the lowest rates possible […]
Rates dropped another 2.4 percent in November compared to last year, the tenth consecutive month prices have fallen, according to the latest Cass Intermodal Price Index.
The two high-efficiency “megamax” ship-to-shore cranes, expected to be operational in 2017, will be will be capable of handling the largest vessels in service worldwide.
IAG appoints new commercial executive, while RoadOne Intermodal makes promotions and project44 names president.
Shipment volumes and expenditures both slowed from the previous month and the same 2014 period, but were still “stronger than expected,” according to the latest Cass Freight Index Report.
Intermodal operator Shuttlewise, in cooperation with Novatrans, will commence a rail shuttle between Rotterdam, Netherlands and Dourges, France, which will initially run five times a week.
Major North American railroad stocks have fallen dramatically in the last few weeks as volumes continued to slump in November, driven primarily by a massive drop off in coal and […]
The U.S.-owned and operated marine solutions, transportation and logistics company added 400 new refrigerated cargo containers to its equipment fleet to accommodate Central America’s heavy northbound reefer season, which is […]
The five-year surface transportation reauthorization includes many elements favored by freight advocates, but some are disappointed that customs fees are being diverted to help pay for the bill.
The proposal includes funding for a Port Commerce master plan and critical maintenance, repairs and upgrades to existing transportation facilities at area airports, seaports, tunnels, bridges and terminals.
The higher than expected decline in domestic coal movements during the fourth quarter of 2015 caused the railway to lower its full-year earnings per share projection.
The third-party logistics services provider purchased private, non-asset truckload brokerage Bear Transportation Services for $26 million.
Transport Corp. of America, a subsidiary of TransForce, has acquired an undisclosed majority stake in Optimal Freight, a privately held non-asset based truckload freight brokerage company.
APL is concentrating six U.S.-flag ships into a single transpacific string, called the Eagle Express (EX1), which will focus on trying to attract commercial shippers needing rapid transits eastbound. […]
United States gross domestic product (GDP) grew 2.1 percent in the third quarter, according to the Commerce Department’s second estimate, but truck tonnage remains relatively flat amid weak industrial and […]
Port of Miami Terminal Operating Company, the only non-carrier affiliated terminal, saw its volumes double to 22,225 TEUs, the largest percentage gain among the three container terminals at the South […]
The Transpacific Stabilization Agreement’s 15 members plan a $1,200-per-FEU rate hike on Asia-U.S. West Coast trade Jan. 1 and want a minimum rate of $1,700 per FEU to the U.S. […]
Deputy Administrator Manuel E. Benitez says Panama Canal Authority will have better idea in December whether the canal will open in April as now scheduled.
The Columbia Group of Companies is opening a new intermodal chassis depot in Bayonne, N.J. today, with Trac Intermodal slated be the facility’s first customer.
Port Everglades retained its spot as the top container port in Florida, but PortMiami has closed the gap with a 15 percent jump in volumes to 1 million TEUs during […]
The logistics provider and container terminal operator posted revenues of 868.9 million euros for the first nine months of 2015, a 4.2 percent decline from the corresponding period in 2014.
Shipment volumes and expenditures both slowed from the previous month and the same 2014 period, according to the latest Cass Freight Index Report.
Chief Financial Officer Frank Lonegro reiterated the railway’s 2015 financial projections and outlined expectations for key markets in 2016 at the Baird Industrial Conference in Chicago Tuesday.
China’s Ministry of Transport is also concerned about recent growth in shipping surcharges, according to the Federal Maritime Commissioner William P. Doyle, who recently returned from bilateral maritime talks in […]
The infrastructure arm of Brookfield Asset Management has acquired a near 15 percent share in Patrick Stevedoring parent Asciano Limited and still plans to make a majority takeover bid for […]
The multi-year measure would support infrastructure investment, including a first-time dedicated funding source for freight-related projects, but is only partially funded so far.
Drayage drivers for XPO Logistics, Intermodal Bridge Transport (IBT) and Gold Point in Los Angeles and Long Beach, and Cal Cartage warehouse workers have ended their strike, but protests at […]
Domestic and international container volumes rose, but trailer volumes decreased during the third quarter of 2015 compared with the same 2014 period, according to the Intermodal Association of North America.
The roll-up freight brokerage and logistics provider had EBITDA of $166 million in the quarter as it digests recent deals for Norbert Dentressangle and LTL carrier Con-way.
Seven marine terminals at the ports of Los Angeles and Long Beach have been locking out companies targeted by protesters, according to the Harbor Trucking Association, a trade association representing […]
The railway broke ground on a $70 million railroad bridge in Letchworth State Park in conjunction with the New York State Department of Transportation; the New York State Office of […]
Canadian National Railway posted a net income of $1.01 billion Canadian on revenues of $3.2 billion Canadian for the third quarter of 2015.
Some Cal Cartage warehouse workers will join the protest today, according to the Teamsters, but port officials say there hasn’t been a marked effect on operations in terms of congestion.
The company’s trucking business benefited in the third quarter from its Jan. 1 acquisition of Freightquote.com, according to C.H. Robinson’s most recent financial statements.
Data from Globe Tracker-enabled intermodal assets will feed into TransVoyant’s predictive analytics platform to improve supply chain efficiency and visibility, mitigate risk, and give users the ability to better respond […]
The asset-light transportation and logistics service provider anticipates third quarter 2015 revenues will be between $490 million and $500 million, down from previous projections of $530 million to $555 million.
Terminal company GCT USA will complete the final design and build the new ExpressRail Port Jersey facility in Greenville Yard.
The Omaha, Neb.-based railway posted a net income of $1.3 billion on revenues of $5.6 billion for the third quarter of 2015.