The CEO of Global Metallurgy pleaded guilty to one count of conspiring to violate the International Emergency Economic Powers Act in relation to the export of specialty metals from the […]
Starbucks names new executive VP for global supply chain, while DHL appoints senior leadership for its eCommerce division and Foss Maritime promotes new president.
Ocean carriers should “embrace the obvious solution” terminal operators can offer to ensure compliance with the International Maritime Organization’s new verified gross mass regulations, says Federal Maritime Commission Chairman Mario […]
Forwarders Nippon Express and Globaltransol, as well as forage shipper ACX Global, will submit verified gross mass data through CargoSmart’s platform to comply with upcoming International Maritime Organization regulations.
Jett McCandless, the chief executive officer of transportation consulting firm CarrierDirect, will be replaced by current Managing Director Peter Rentschler as he transitions to a full time position with data […]
A recent report authored by eight U.S. governors and two Canadian premiers sees untapped potential for moving container and roll-on/roll-off cargo in the Great Lakes and St. Lawrence Seaway.
The renaming of COSCO Pacific, the port terminal operator division of the former COSCO Group, to COSCO SHIPPING Ports Limited follows the company’s decision to rebrand its bulk shipping operations […]
The accumulation of high value cargo will increase as bigger ships gather for passage through the newly expanded Central American waterway, increasing insurance risk, according to a new report from […]
With cargo volumes near all-time peak levels, May 2016 still qualified as the second-busiest May in the Southern California port’s 105-year history.
The French ocean carrier has teamed up with PSA Singapore Terminals to operate four “mega” container berths at Pasir Panjang Terminal Phases 3 and 4 in Singapore, according to a […]
Choi Eun-young, a former chairwoman of struggling South Korean ocean carrier Hanjin Shipping, is not seen as a flight risk and has pledged to cooperate in the insider trading investigation, […]
The Japanese ocean carrier will acquire a 25 percent stake in EMAS Chiyoda Subsea, a construction firm specializing in offshore and subsea oil and gas facilities, from Singapore’s Ezra Holdings […]
The logistics unit of German airline Deutsche Lufthansa AG plans to eliminate 450 to 500 positions in Germany and another 250 to 300 abroad as part of a greater cost […]
Due to the deterioration of container freight rates and the subsequent drop in carrier financial results, analysts with Drewry Maritime Equity Research foresee a possible combination of Korean and Japanese […]
The Federal Aviation Administration has proposed a $350,000 civil penalty against Seattle-based e-commerce giant Amazon.com for allegedly violating federal hazardous materials transport regulations.
Third-party logistics provider Manitoulin Global Forwarding’s purchase of Vaughan, Ontario-based M.A.P. International Freight will enable the company to offer a full suite of international freight forwarding services.
As part of its ongoing expansion in North America, Mainfreight has recently added two new warehouses at Newark, N.J. and Dallas.
NOL board picks CEO and CFO and IAG Global names Asia-Pacific/India commercial manager, while Unishippers appoints new CFO and Kalmar selects senior VP for automation.
Despite the European Union and United States agreeing to ease economic sanctions placed on Iran in 2009, multinational companies must still ensure rigorous compliance with “secondary” U.S.-Iranian sanctions.
A combination of Hanjin Shipping and Hyundai Merchant Marine, the two largest ocean shipping companies in South Korea, could, at least for the time being, rank as the fifth largest […]
Union Pacific on Friday filed a report with the Federal Railroad Administration citing one or more broken bolts as the cause of the June 3 derailment of a crude oil […]
The U.S. Transportation Department on Friday approved six domestics airlines to begin scheduled flights between Miami, Fort Lauderdale, Chicago, Philadelphia, and Minneapolis/St. Paul and Cuba as early as this fall.
Guillermo A. Sanchez-Badia of Miami was sentenced late last week to 12 years in prison for his role in a scheme to defraud two commercial lenders and the U.S. Export-Import […]
Rampant overcapacity and the resulting price war between carriers in the container shipping market has caused substantial further reductions in contract rates for exporters and importers buying under contract.
The struggling South Korean ocean carrier recently removed vessels from two services between Asia and North Europe, according to data from ocean carrier schedule and capacity database BlueWater Reporting.
The MN Baroque, a neopanamax dry bulk carrier contracted by the Panama Canal Authority, transited the new Agua Clara locks yesterday as part of a testing and training program in […]
The U.S. Department of Labor’s Occupational Safety and Health Administration ordered NFI Interactive Logistics to reinstate the driver and pay $276,870 in damages for violating the anti-retaliation provisions of the […]
Whereas in the past when seat belts were only required for truck drivers, now drivers and carriers will be held accountable for passengers using seat belts as well, according to […]
Singapore-owned investment firm Temasek, along with its affiliates, tendered their shares of Neptune Orient Lines (NOL), boosting CMA CGM’s stake in NOL to 78.07 percent.
Trucking companies and independent operators have until December 2017 to begin using electronic logbooks, but the vast majority still haven’t made the switch, according to a recent user poll from […]
The West Coast port handled 83,969 TEUs of loaded containerized exports in May, the largest number of loaded export containers its handled since October 2014.
Ocean carrier Maersk Line’s subsidiary Seago Line will provide three vessels, while Arkas Line will deploy one vessel on the weekly loop, which is scheduled to commence next month.
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 […]
However, U.S. pork exports in April saw year-over-year growth in the China/Hong Kong market, while beef increased to Mexico and other Western Hemisphere markets, U.S. Meat Export Federation President and […]
South Korean ocean carrier Hyundai Merchant Marine signed a charter rate negotiation agreement with five containership owners for a charter rate reduction of about 20 percent.
Rep. Gary Palmer, R-Ala., was unsuccessful in persuading the House Rules Committee in getting his proposed amendment to exempt Puerto Rico from the Jones Act included into the Puerto Rico […]
The $0.40 dividend announced by the FedEx Corp. board of directors could be a signal of the company’s transition from a growth stock to a yield stock, according to a […]
Although one might expect bad service to be the primary reason for switching suppliers, this is not the case in the container shipping industry, Xeneta CEO Patrik Berglund explained.
Recently purchased APL parent Neptune Orient Lines couldn’t cut costs fast enough to compete in an increasingly commoditized market, chief executive Ng Yat Chung said in a surprisingly candid interview […]
The Jones Act requires waterborne cargo between two points in the United States to be transported on vessels that are American built, owned and crewed.
The Dubai-based port terminal operator has been granted a 50-year concession for the development of a new multi-purpose port facility in Posorja, Ecuador, 65 kilometers from Guayaquil.
The CSAV executive, Mauricio Javier Garrido Garcia (Garrido), is accused of participating in the conspiracy from as early as 2000 until at least September 2012.
The San Rafael, Calif.-based global logistics and transportation services provider will begin processing vehicles in Baltimore next month.
The ocean carrier alliance will suspend its Central China 1 loop for six weeks, which is dedicated to the transpacific trade, while the Central China 2 loop will add calls […]
Choi Eun-young, former head of South Korean ocean carrier Hanjin Shipping, was summoned by prosecutors Wednesday over suspicions of insider trading.
The newly merged China COSCO Shipping Co. officially launched COSCO Shipping Energy Transportation Co. earlier this week and appointed Sun Jiakang to lead the bulk segment of China’s largest shipping […]
Shanghai Yigian Trading Company has acquired an 82.5 percent share in the struggling airport from German federal state Rhineland-Palatinate for an undisclosed sum, according to a statement from the state […]
Ports covered by the Global Port Tracker report handled 1.44 million TEUs in April, up 9.1 percent from March but down 4.6 percent from April 2015, according to the National […]
Shipments from U.S. ports fell 8 percent year-over-year to 5.5 million tons in May, while loadings from Canadian ports tumbled 20 percent year-over-year to 556,000 tons.
The Cleveland, Ohio-based logistics solutions provider expanded its nationwide warehouse network with the opening of a 100,000-square-foot warehouse near the Port of Savannah.
The Suez Canal Authority has begun granting a 65 percent discount on tolls for all containerships sailing from East Coast North America ports south of Norfolk to Asian ports and […]
The plantiffs claimed the U.S. Coast Guard violated the Administrative Procedures Act in its rule-making procedure in developing the pilotage rates, which have jumped about 114 percent over the past […]
Claude Mongeau, president and chief executive officer of Canadian National Railway, will be succeeded in his role by current Chief Financial Officer Luc Jobin after having surgery to remove a […]
The National Transportation Safety Board will attempt to retrieve the El Faro’s voyage data recorder in July, which is located in about 15,000 feet of water near the Bahamas.
The Port of Oakland’s largest marine terminal will continue night operations even after a port subsidy expires this month, but will assess a $30 flat-fee on all loaded import and […]
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 […]
San Francisco, Calif.-based private equity investment firm Thoma Bravo said its purchase of the global supply chain solutions provider will allow Elemica to expand its client offerings by focusing its […]
The port handled 55.6 million metric tons and 4.32 million TEUs during the first quarter of 2016, a year-over-year drop of 18.7 percent and 12.1 percent, respectively.
DHL Express Germany’s new 32.5 million euro (U.S. $36.88 million) logistics center at Hanover Airport in Germany consolidates the functions of two formerly separate sorting facilities into one 30,000-square-meter site.
The Cool Chain Association called for closer cooperation from shippers and other industry stakeholders in order to reach its goal of a 10 percent reduction in global food waste by […]
The Japanese ocean carrier in 2015 had reduced carbon dioxide emissions from ships by 13.6 percent since 2011, well ahead of the targeted 10 percent reduction by 2019.
Transportation and logistics companies cut 500 jobs for the month, following revised increases of 10,100 in April and 5,700 in March, according to recent preliminary data from the U.S. Department […]
The South Korean shipping conglomerate has already reached a deal with Zodiac Marine, according to shipping publications Lloyd’s List and Tradewinds.
Rail theft has emerged as a more prevalent problem in Mexico, primarily in the states of Guanajuato and Querétaro, while fuel theft across the nation has also increased.
The Japanese ocean carrier exceeded its goal of a 10 percent reduction in its carbon dioxide emission rate per unit of transportation from ships by fiscal 2015, according to a […]
The United States experienced a 30 percent year-over-year drop in steel import volumes in April to 2.46 million net tons.
Ocean carriers CMA CGM of France, Germany’s Hapag-Lloyd and MOL of Japan announced upcoming general rate increases, while this past Friday, the Shanghai Containerized Freight Index rose 1.9 percent from […]
Port of Seattle picks head of environment and the Port of Brownsville elects chairman, while K+N names global head of air freight and IATA appoints chairman.
The derailment of a Union Pacific freight train on Friday, which burst into flames and spilled crude oil into the Columbia River near Mosier, Ore., was likely caused by track […]
Announcements by terminal operators in Oakland and Los Angeles/Long Beach are “positive steps toward achieving the flexibility of compliance” with the new SOLAS verified gross mass rule, says Federal Maritime […]
A combination of businesses between United Arab Shipping Co., which is jointly owned by the governments of six wealthy Middle Eastern nations, and Hapag-Lloyd of Germany has “strategic value,” and […]
As a result of a 7-to-1 share reduction for Hyundai Elevator, Hyundai Global and Hyundai Group Chairman Hyun Jeon-Eun, the Korea Development Bank will become the largest shareholder of struggling […]
Amazon.com CEO Jeff Bezos said in an interview at Recode’s 2016 Code Conference traditional parcel couriers like the U.S. Postal Service and UPS simply can’t provide all the last mile […]
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 […]
Net orders for North American Class 8 trucks in May grew 4 percent from April, but were still down 30 percent compared with May 2015, according to preliminary data from […]
Under the three-year deal with global aluminum manufacturer RUSAL, annual cargo volumes could reach 10,000 TEUs, according to Danish ocean carrier Maersk Line.
Continued weighing at port facilities might provide a convenient way for exporters to comply with the upcoming International Maritime Organization verified gross mass container weight regulations due to go into […]
The Green Bay, Wis.-based trucking and logistics firm announced the acquisitions of Watkins & Shepard and Lodeso, which both specialize in the delivery of difficult-to-handle goods such as furniture and […]
The parcel giant announced today that after the official post-closing acceptance period, FedEx owns 98.45 percent of all TNT Express stock and will commence a statutory buy-out for the remaining […]
A total of 21 families of crew members from the ill-fated cargo vessel, which sank near Crooked Island, Bahamas Oct. 1 after sailing into the path of Hurricane Joaquin, have […]
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.
Hindered by weak world trade and increasing capacity, demand for air cargo remains soft, lagging behind “relatively robust” growth on the passenger side, according to the International Air Transport Association.
The third-party logistics provider closed on its purchase of Apex Maritime, a top three non-vessel operating common carrier in terms of Asia-U.S. import volumes, according to trade data firm Datamyne.
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 Icelandic liner carrier posted net earnings of 1.8 million euros on revenues of 113.3 million euros for the first quarter of 2016, a year-over-year increase of 21.1 percent and […]
The international express parcel carrier more than doubled its cargo-handling operations in Tokyo with the opening of a new 20,000-square-meter facility.
Troubled South Korean ocean carrier Hyundai Merchant Marine is disputing press reports that it might be required to merge with fellow state-run line Hanjin Shipping in order to gain entry […]
Berkshire Hathaway-owned BNSF Railway Co. eliminated 62 management jobs last week and restructured its operations organization from three regions to two, effective today, according to a statement from the company.
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.
Meanwhile, the state of Georgia dedicated a new road connecting the Port of Savannah to I-95, saying it will speed cargo flow and improve safety.
However, the state experienced a 9 percent year-over-year drop in reported cargo thefts during the quarter to 2,152 incidents.
Hamburg, Germany-based Rickmers-Linie, has taken over the activities of tramp and chartering specialist Nordana Project & Chartering, which has offices in Copenhagen, Bangkok, Singapore and Houston.
Unicon Logistics names VP of logistical services, while Kalmar, a subsidiary of cargo-handling equipment manufacturer Cargotec, appoints new president.
United States GDP grew slightly more than initially expected in the first quarter of 2016, and durable goods orders ticked up in April, according to the most recent data from […]
Meanwhile, the struggling South Korean ocean carrier said in a statement Sunday it expects to reach an agreement with ship owners regarding charter rate renegotiations “soon.”
The French ocean carrier reported it will pay 1.3 Singapore dollars (U.S. $0.94) for the Neptune Orient Lines’ shares it does not already own, control or has agreed to acquire.
The ocean carrier alliance, consisting of Maersk Line and MSC, will adjust its Asia-North Europe network, which includes five services.
The Icelandic government, two Icelandic municipal authorities and the EFLA engineering company signed a memorandum of understanding to promote the creation of a new port in the northeast corner of […]
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, MOL and UASC issued general rate increases.
SSA Marine’s Oakland International Container Terminal will make appointments mandatory for the majority of containerized import pick-ups in order to shorten lines at terminal gates and speed up cargo delivery […]
