The German national railroad experienced a net loss of 1.3 billion euros for the 2015 fiscal year, while revenues topped 40 billion euros.
The seasonally adjusted For-Hire Truck Tonnage Index equaled 144 for the month, an all-time high for the index and an 8.6 percent increase compared with February 2015, according to the […]
Major freight railroads in the United States employed 154,212 workers as of the middle of February, down 1.53 percent from the previous month and 10.44 percent year-over-year, according to data […]
Norfolk Southern Corp. plans to spend $8.2 million to expand its headquarters in Norfolk, Va. as part of an overall plan to consolidate its corporate offices, according to a statement […]
The Dubai, United Arab Emirates-based terminal operator expanded its terminal at the Port of Melbourne by 30,000 square meters, increasing the terminal’s handling capacity to 1.4 million TEUs a year.
Maersk’s third-party logistics subsidiary entered into a five-year partnership agreement to be Bettenwelt’s sole inbound logistics partner for shipments from Asia to Germany and Spain.
The German container carrier attributed its swing to a $127.5 million profit in 2015 from a $675.6 loss in 2014 to the merger with Chilean carrier CSAV, internal cost-cutting, and […]
APL expects to benefit from CMA CGM’s decision to maintain its longtime brand.
TRAXENS seeks to make its container-tracking technology an industry standard.
Last month, this column examined the possibility of a merger between struggling South Korean shipping conglomerates Hanjin Shipping and Hyundai Merchant Marine (“Who’s next for liner M&A?,” page 30). Mentioned […]
Undoubtedly, you’ve seen trucks carrying oversize loads accompanied by “pilot” or “escort” cars decked out with flags and caution signs. The lead car generally has a pole that is several […]
Keith Andrey, VP of global freight forwarding for UPS, says carriers are also more interested in offering intermodal pricing this year in order to secure cargo volumes in a historically […]
South Korean ocean carrier Hanjin will operate all five of the 4,000-TEU vessels on the China America Express service, which is scheduled to commence in May.
At least 4,000 longshoremen at the Port of Santos in Brazil went on strike yesterday, but dry bulk vessel operations were unaffected, according to a statement from the Associacao Brasileira […]
The Saint Lawrence Seaway officially opened yesterday, along with the Welland Canal, which connects Lake Ontario and Lake Erie, while the Montreal/Lake Ontario section of the St. Lawrence Seaway is […]
The Atlanta, Ga.-based shipping and logistics provider’s earliest small package and delivery service, UPS Next Day Air Early, added 12,680 U.S. zip codes to its network.
Union Pacific Railroad has increased train speed from 40 mph to 60 mph on a 7.5-mile stretch between Bonanza Road and Maule Avenue in Clark County, Nev., according to a […]
The Netherlands-based third-party logistics provider renewed its contract with and expanded its services for Ford Motor Company at Ford’s Louisville Assembly Plant in Louisville, Ky.
Maritime services provider Inchcape Shipping Services opened a new office in Veracruz, Mexico, its fourth office in the country.
The United States East Coast port handled 307,035 TEUs for the month, an 8 percent increase compared with February 2015.
The Singapore-based port terminal operator posted a net profit of $1.27 billion Singapore (U.S. $934.54 million) on revenues that fell 6.7 percent to S$3.57 billion compared with the previous year.
Ocean carrier Evergreen Line is joining the Ocean3 Alliance’s Phoenician Express/BEX2 as a vessel provider, while COSCO began participating on the loop two weeks ago as a slot purchaser.
United States truck trailer net orders totaled 21,300 units for the month, a 21 percent increase from January and 2 percent bump from February 2015.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL, MOL, APL and Emirates Shipping Line issued general rate increases.
XPO Logistics appoints independent director, while essDOCS names chief commercial officer.
The European shipper group says a proposal by the European Commission to reform the way liner carriers announce general rate increases does not go far enough and the competition watchdog […]
South Korean shipping conglomerate Hyundai Merchant Marine’s attempt to renegotiate charters could affect owners such as Greece’s Danaos.
The national maritime shipping line of Iran resumed calls to North Europe this week with its European Container Line service, which operates with two 2,478-TEU vessels.
Seven of the 15 routes measured by the Shanghai Containerized Freight Index fell to all-time lows this week, according to Richard Ward, a container derivatives specialist at Freight Investor Services.
The Dubai, United Arab Emirates-based global port operator said slower volume growth at its terminal operations in 2015 was offset by revenues from the recent purchase of Economic Zones World […]
Truckload pricing grew just 0.5 percent year-over-year in February, causing analysts at Avondale Partners to adjust their pricing forecasts downward to a range between -1 percent and 2 percent for […]
Global terminal operator APM Terminals said it’s moving forward with development of its new semi-automated Lázaro Cárdenas Terminal 2 (TEC2) project on the West Coast of Mexico, representing an overall […]
The German cargo airline’s earnings before interest in tax totaled 3 million euros (U.S. $3.4 million) for the year, a 97.6 percent decline from 2014.
Rates fell another 3.8 percent for the month compared to February of last year, the 14th consecutive month prices have decreased, according to the latest Cass Intermodal Price Index.
DB Schenker and GLS Group announced an agreement Friday to jointly provide parcel delivery services throughout Germany.
Premium Transportation Services, which does business as Total Transportation Service Inc., cited industry, political and legal headwinds as reasons it filed for federal bankruptcy protection in Delaware on Monday.
Brookfield Infrastructure and Qube Holdings have ended their bidding war for Asciano Ltd., partnering with several global funds to purchase the Australian rail and port operator in a deal worth […]
The Class I railway said the decision to lay off workers at the railyard and mechanical facilities in Russell, Ky. was a direct result of a continued slump in coal […]
International Union of Marine Insurers says there has been an increase in damage to engines from “cat fines,” with incidents costing anywhere from $300,000 to $1 million, adding that “the […]
Sen. Amy Klobuchar, D-Minn., introduced an amendment to the Federal Aviation Administration Reauthorization bill that would eliminate the exclusion of all-cargo operators from the FAA’s new Flightcrew Member Duty and […]
The Rotterdam-based ocean carrier doubled down on its West Africa operations by acquiring the multi-purpose division of Maersk Line subsidiary Safmarine.
The Pacific Northwest port posted increases in volumes of steel, project cargo, grain and automobiles in 2015.
The illegal narcotics, valued at over $6 million, were discovered inside a refrigerated container consisting of frozen pineapples from Costa Rica.
The Tokyo-based third-party logistics provider broke ground on a new logistics center in Mexico’s Bajio region, which has become a hub for the automotive industry.
The inland river port in northeastern Oklahoma saw barge tonnage skyrocket 40 percent month-over-month in February to 186,951 tons.
The Memphis, Tenn.-based integrator reported a net income of $507 million on revenues of $12.7 billion for the third quarter of fiscal year 2016, which ended Feb. 29.
Maritime Administrator Paul Jaenichen, Sr. told the House Subcommittee on Coast Guard and Maritime Transportation he sees the United States moving from “amber” to “red” on the national security scale […]
The Federal Railroad Administration’s proposed regulations would require two engineers on all trains except for “operations that FRA believes do not pose significant safety risks to railroad employees, the general […]
The Commerce Department has determined that imports of certain hot-rolled steel flat products from Australia, Brazil, Japan, South Korea, the Netherlands, Turkey, and the United Kingdom are being dumped on […]
The United States sentenced two German shipping companies, which operated the vessel BBC Magellan, for attempting to hide an oily bilge dumping scheme.
The United States exported 782,172 net tons of steel in January, a 7.8 percent increase from December, but a 15.5 percent decline year-over-year.
Leaders of the global transportation industry signed a declaration yesterday at the Buckingham Palace to fight criminal wildlife trafficking.
The Omani port received four new post-Panamax quay cranes from Shanghai-based equipment manufacturer ZPMC.
UPS Inc. Chief Executive Officer David Abney’s salary grew another 35 percent for the year after a nearly 105 percent increase in 2014, according to a report from the Wall […]
Ethiopian Airlines Cargo is scheduled to resume operations at Brussels Airport March 26, offering direct flights to Dubai, Shanghai, Hong Kong and Guangzhou.
Reading & Northern Railroad appoints forest products VP, while ICC Logistics Services names CCO and the Long Beach Harbor Commission picks directors.
Groups representing shippers and other businesses say they want to avoid a repeat of the disruptions and slowdowns at West Coast ports that contributed to severe cargo congestion during the […]
The Dow Jones Transportation Average closed at $7,690.41 yesterday, March 14, up nearly 2.5 percent from the end of 2015 and more than 16 percent compared to the two-year low […]
The pure car/truck carrier vessel Istra Ace leaked an unknown substance, suspected to be fuel, while docked at berth 202 in the Port of Los Angeles Sunday, according to the […]
The South Korean ocean carrier last week launched the China Thailand Express, which operates between China, Korea and Southeast Asia with four, 2,200-TEU containerships.
The Danish shipping conglomerate’s tanker division completed its first successful delivery, a tin of cookies for the bulk tanker vessel Maersk Edgar, and is looking at other potential uses of […]
The parcel giant unveiled plans to build 12 additional compressed natural gas fueling stations and add 380 new CNG tractors to its alternative fuel and advanced technology fleet.
The International Bunker Industry Association is partnering with the Trident Alliance due to their mutual concerns over proper enforcement of the future 0.5 percent Global Sulphur Cap.
Netherlands-based container supplier CARU Containers purchased Chinese container trader Fine Link for an undisclosed sum March 1.
Global aramid producer Teijin Aramid established a collaboration agreement with MACRO Industries for the joint development, manufacturing and commercialization of more durable, fire-resistant air freight containers.
Mayor Ras Baraka sent a letter to Secretary of Labor Thomas Perez and several other federal agencies complaining that too few minorities and women are being hired for dockworker positions […]
Containerized cargo volumes in February benefited from strong growth in imports that “indicate consumer confidence,” Port of Los Angeles Executive Director Gene Seroka said in a statement.
A Taiwan National Airborne Service Corps helicopter crashed after dropping members of the country’s Environmental Protection Agency on to the grounded TS Taipei to evaluate any potential environmental risks, according […]
To defend against new strategies and niche value offerings, operators should leverage their specific expertise and develop flexible capabilities that address changing shipper needs, according to a new report from […]
Price indexes for U.S. imports and exports dropped 0.3 percent and 0.4 percent month-over-month, respectively, according to the United States Department of Labor’s Bureau of Labor Statistics.
Supply chain solutions company VersaCold Logistics Services entered into an agreement to acquire Coastal Pacific Xpress for an undisclosed sum.
During the month, London Heathrow Airport experienced a boost in exports to Latin America and East Asia, London Heathrow Airport CEO John Holland-Kaye said.
The non-vessel operating common carrier unveiled its new direct import service from London to New York, along with a new less-than-container-load export service to Russia that will be offered from […]
Hong Kong International Airport primarily attributed February’s 14.9 percent year-over-year decline in cargo volumes to the 23 percent year-over-year drop in exports.
American Airlines Cargo expanded its San Juan cold-chain network last week with the opening of a new 600-square-foot space and will open a 4,000-square-foot drive-through perishable facility in the Dallas-Fort […]
Ocean carriers Maersk Line, MSC, CMA CGM, Hapag-Lloyd and OOCL issued general rate increases.
In a letter to the United States Coast Guard, a group of 49 shipper organizations from the agricultural sector say it is unreasonable for shippers to be required to tell […]
Responding to a Senate antitrust subcommittee, the Justice Department’s top antitrust official said the proposed voting trust is “an area of concern” as it could allow Canadian Pacific to make […]
Port of Halifax will remain Atlantic Container Line’s largest port of call in North America and its gateway for Canadian cargo and freight bound for the United States Midwest, the […]
Weight tickets submitted by roll-on/roll-off carrier Farrell Lines to support their billing invoices were “recreated” by Damco employees, which constituted a failure to comply with the terms of a contract […]
Shipment volumes and expenditures both bounced back in February, climbing 8.3 percent and 6.3 percent, respectively, from the previous month, according to the latest Cass Freight Index Report.
The Washington-based National Foreign Trade Council has appointed Rufus Yerxa as its new president, effective May 9.
The Kenyan port’s new container terminal boosted its container handling capacity by 50 percent.
The privately owned port terminal operator did not release specific statistics underlying throughput growth across its network.
The Shanghai Containerized Freight Index has posted continuous declines since the start of 2016, while the World Container Index has fallen 62 percent in the past year and is currently […]
Deutsche Post DHL Group’s consolidated net profits (after non-controlling interests) fell 25.6 percent year-over-year to 1.5 billion euros on revenues that rose 4.6 percent to 59.2 billion euros compared with […]
After posting a $4.3 billion loss for 2015, Daewoo Shipbuilding & Marine Engineering Co., which just two years ago employed 55,000 workers, plans to further reduce its workforce from 42,000 […]
The record February volumes at the Southern California port reflected orders that were made prior to Lunar New Year lull, according to the Port of Long Beach.
Canadian Pacific Railway is continuing to pursue an acquisition of Norfolk Southern Corp., officially asking shareholders to force the NS board to engage in negotiations regarding a potential merger of […]
The New Zealand port released a draft proposal for a new berth, which would require dredging and the construction of a new wharf.
Third party logistics services provider Dachser has set up a new central organization called Corporate Solutions, Research & Development to further develop industry-specific logistics solutions and bundle its research and […]
The German ocean carrier will become a member of the Deutsche Börse index, a Blue Chip Equity Index composed of 50 small and medium-sized companies.
Once UPS’s package sorting and delivery facility in Herne is upgraded, it will have an operating area of 25,000 square meters and a package sorting capacity of over 36,000 pieces […]
The containership lessor is looking at opportunities for sale-leasebacks with liner companies, buying ships from private equity firms that are now look to exit the container shipping sector, and investing […]
Air Transport Services Group has confirmed that it has reached agreements with Amazon Fulfillment Services to operate an airfreight network to serve the giant online retailer’s customers in the United […]
If the quest for bigger and bigger containerships has run its course, future vessel ordering may instead be based on individual lines’ assessment of future demand growth, according to a […]
The ocean carrier alliance is terminating its Asia-North Europe NE8 loop this month, which will result in a 10.9 percent drop in its weekly deployed capacity on the trade, according […]
Maersk Group subsidiary APM Terminals has completed the purchase of eight of 11 terminals from the Barcelona, Spain-based operator and still hopes to acquire additional TCB terminals in Turkey and […]
Ports covered by the Global Port Tracker report handled 1.5 million TEUs for the month, up 4.4 percent from December and 21.4 percent from “unusually low figures” in January 2015, […]
The U.S. Transportation Department’s Federal Motor Carrier Safety Administration and Federal Railroad Administration have proposed rules to screen, evaluate and treat truck drivers and railroad workers for obstructive sleep apnea.
