IMF downgrades 2016 global growth forecast
The International Monetary Fund yesterday released its latest quarterly World Economic Outlook (WEO) Update, in which it projected the global economy will grow 3.4 percent this year, down from its […]
The International Monetary Fund yesterday released its latest quarterly World Economic Outlook (WEO) Update, in which it projected the global economy will grow 3.4 percent this year, down from its […]
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 […]
FedEx Ground will locate a new 300,000-square-foot distribution facility at the site of the former Bethlehem Steel plant at Sparrows Point near Baltimore city.
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 European port handled 466.4 million tons of cargo in 2015, a 4.9 percent increase from the prior year, which primarily resulted from a surge in crude oil and oil […]
The National Shipping Company of Saudi Arabia reported skyrocketing profits in 2015 and experienced a significant fleet expansion after its merger with crude oil tanker company Vela Marine International Ltd.
The acquisition of vehicle and automotive parts specialist De Rooy Logistics will allow Netherlands-based Jan de Rijk to expand its existing services within the industry, the company said in a […]
The cargo-dedicated airline will invest $77 million in “Cargolux China,” a new joint venture Chinese cargo airline expected to commence operations in 2017.
The Dubai-based port terminal operator has been granted a 25-year concession to develop and operate a new logistics center in Kigali, Rwanda.
The third-party logistics provider opened a new branch office in Charlotte, N.C. to meet the needs of its expanding client base.
China COSCO Holdings Company Ltd., which also owns container carrier COSCO and port terminal operator COSCO Pacific, has made an offer of $402 million for a 67 percent stake in […]
Canadian Pacific on Tuesday asked the U.S. Justice Department to investigate what it says is a concerted effort by the other Class I railroads to block its attempt to purchase […]
The 17th richest person in Taiwan, Chang was known as a bit of a maverick in the ocean shipping industry, as well as a philanthropist and environmental advocate.
The parcel carrier, many of whose clients are large retailers, was hit hard by a holiday shopping season that “fell far short” of expectations, according to court filings with the […]
Effective March 1, 2016, truckload carrier U.S. Xpress will increase base mileage pay by an average of 13.5 percent for solo drivers with clean driving records for the previous 12 […]
The Danish supply chain specialist’s $1.35 billion merger agreement with struggling third-party logistics provider UTi Worldwide is expected to close Friday.
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 Saudi Arabian port reached a throughput of 1.3 million TEUs in 2015 and opened its fourth berth during the year, which gave it the capability to handle over 2.7 […]
Cargo volumes at Hong Kong International Airport totaled 4.38 million tons in 2015, a 0.1 percent increase from the prior year.
Port Corpus Christi lines up 2016 commission officers, while Polymer Logistics names sales VP and HMI/Gulf Marine appoint new CEO.
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 […]
European terminal operators say they want implementation guidelines for the new IMO rules requiring shippers to provide the verified gross mass of containers that “do not create competitive distortions between […]
Although the Federal Railroad Administration doesn’t have the authority to block railroad mergers, Administrator Sarah Feinberg told the Wall Street Journal there are “significant safety hurdles” to any merger involving […]
Wan Hai, Mitsui O.S.K. Lines (MOL), Interasia Lines (IAL) and Pacific International Lines (PIL) will commence a new liner service between China, Southeast Asia and the Indian Subcontinent next month.
Atlas Air Worldwide Holdings will acquire privately held Southern Air Holdings, a longtime air cargo services provider, for $110 million.
Non-vessel-operating common carrier Vanguard Logistics Services has acquired South African firm ILA, adding offices in Durban, Johannesburg and Cape Town to its network.
Hindered by the slowdown of global and domestic economies, the South Korean port handled approximately 19.45 million TEUs in 2015, 50,000 short of its throughput goal for the year.
The United States imported 36.34 million net tons of steel during the first 11 months of 2015, a 10.7% decline as falling oil prices and continued economic uncertainty abroad hindered […]
The shipping carrier entered into an agreement with Groupe CAT to acquire its 50 percent shares in CAT-WWL, making Wallenius Wilhelmsen full owner of the finished vehicles services joint venture.
A total of 87.2 million tons of cargo was transported by U.S.-flag Great Lakes freighters in 2015, a 3.3 percent decline from 2014.
The United States Coast Guard began icebreaking operations last week on the Great Lakes and in the Northeast region of the United States.
The U.S. Federal Maritime Commission has received 13 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Alliance Logistics Group Corp., Gardena, Calif. […]
The U.S. Federal Maritime Commission has received 13 license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from Em-Lines Ltd., Hong Kong (Robin […]
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.
Individuals knowing of a reason why an applicant should not receive a license should contact the Office of Transportation Intermediaries.
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 […]
The U.S. Federal Maritime Commission examines 13 ocean transportation intermediary license applications.
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.
FMC reviews 13 OTI license applications
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from Marine […]
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.
Individuals knowing of a reason why an applicant should not receive a license should contact the Office of Transportation Intermediaries.
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 13 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Anchor Express, Wood Dale, Ill. […]
The privately-held ERP software company will integrate its CloudSuite Retail system, as well as those of e-commerce platform GT Nexus, with cloud-native predictive and prescriptive analytics provider Predictix.
The proposed Safety Fitness Determination rule would update FMCSA’s safety fitness rating methodology by integrating on-road safety data from inspections, along with the results of carrier investigations and crash reports.
The European Commission has opened an inquiry into whether the Port of Antwerp violated EU state aid rules by reducing compensation payments for PSA Antwerp and Antwerp Gateway after failing […]
Vinalines will trim its share holdings in the ports of Haiphong and Saigon in Vietnam as well as sell stakes in others at the behest of Prime Minister Nguyen Tan […]
United States truck trailer net orders totaled 25,500 units in December, a 35 percent decrease from November and 43 percent decline from the same period in 2014.
The port handled 574.9 million tons of cargo in 2015, a 1.1 percent decline from 2014.
The weak Canadian economy has been the primary factor behind the decline in steel exports, which fell 16.8 percent year-over-year for the first 11 months of 2015, according to the […]
The fourth phase of expansion has commenced at the Kerry Siam Seaport in Laem Chabang, Thailand.
The less-than-truckload carrier opened its newest service center in Memphis, Tenn.
USA Truck names new CEO and SAL picks Asia market head, while Cargo 2000 appoints technical manager and AWO promotes VP to COO.
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 from Shanghai to Northwest Europe, the Mediterranean and the United States have all declined for the past two consecutive weeks.
The third-party logistics provider’s shareholders voted overwhelmingly yesterday to adopt the previously announced merger agreement by Danish supply chain specialist DSV.
Ciner Gemi Acente Isletni Sanayi Ve Ticaret S.A., a ship management company in Turkey, pleaded guilty and was sentenced in federal court in Baltimore for violating the Act to Prevent […]
The liner carriers will commence a weekly loop between Egypt, Israel, Turkey and Black Sea ports next month.
The Belgian port reported a surge in vehicles throughput in 2015, but container volumes fell dramatically compared to the previous year.
Truckload pricing grew just 1.1 percent for the month compared to December 2014, the tenth consecutive monthly increase, according the latest Cass Truckload Linehaul Index.
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 Irish port handled 32.8 million gross tons of cargo in 2015, a 6.4 percent increase from 2014.
The German cargo airline carried 1.6 million tons of freight and mail in 2015, around a 2 percent decline from 2014.
An Amazon China unit has registered as a non-vessel-operating common carrier with the Federal Maritime Commission, a move that could make it easier for third party companies to sell goods […]
Port trucking carriers Pacer Cartage, Harbor Rail Transport and PDS Transportation allegedly failed to pay minimum wage, provide meal and rest breaks and reimburse expenses, according to a class-action lawsuit […]
Container terminals managed by the Virginia Port Authority handled 2.5 million TEUs last year, a 6.5 percent increase compared with 2014.
Transport Minister Marc Garneau says the government will not be deterred by potential difficulties with a proposed ban on oil tanker traffic in the waters off British Columbia.
The Maritime and Port Authority of Singapore (MPA) will begin granting an additional 10 percent concession on port dues for container vessels calling the Port of Singapore, effective Jan. 15.
The rate of fatal crashes involving heavy-duty trucks fell for the second straight year to 1.40 per 100 million miles traveled, according to an American Trucking Associations analysis of data […]
The terminal operator handled 64.1 million TEUs at its ports around the world in 2015, a 2 percent decline from 2014.
A total of 32.3 million tons of waterborne cargo passed through the Port of Duluth-Superior in 2015, an 11.3 percent year-over-year decrease.
The Irish port’s cargo throughput reached 9.8 million tons in 2015, a 10 percent increase from 2014.
The northern European airport’s cargo volumes rose 7.8 percent year-over-year in 2015 due to the arrival of four new cargo carriers.
The Netherlands based logistics services provider signed a long-term contract with Dudok Real Estate to expand its warehousing capacity at the Maasvlakte harbor in Rotterdam.
CEVA Logistics appoints COO for its new ground division and Cargo Composites names marketing director.
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 […]
A late-year recovery in imports nearly erased the sharp downturn in early 2015 caused by congestion and reduced productivity that were the result of an impasse in longshore labor contract […]
Shipment volumes and expenditures both continued their decline in December, falling 4.9 and 2.7 percent, respectively, according to the latest Cass Freight Index Report.
Multiple 2M Alliance operated services will omit several port calls from Asia to North Europe and the Mediterranean during the traditional Chinese holiday season.
Container supplier CARU Containers acquired CCA and ECB Group last month as part of its growth strategy, the company said in a recent statement.
The 2015 navigation season commenced April 2 and ended ice free Dec. 31.
The Brazilian port took delivery of two Portainer container cranes and six rubber-tire gantry cranes last week.
The Swiss-based third-party logistics company entered into a contract with GlaxoSmithKline, which will remain in effect until 2021.
The global third-party logistics provider has begun operating under the trade name Dachser USA Air & Sea Logistics Inc. in the U.S. market.
Emirates SkyCargo makes senior U.S. appointments, while Troy Container Line appoints VP of FCL and DHL names Asia-Pacific CEO.
Demand from Japan or Europe could provide a positive surprise for the shipping industry, but the outlook for China is unpredictable, according to a report from the Baltic and International […]
The forwarder plans to invest in a 27.5 percent stake in Relais Colis to provide DHL’s divisions and their customers enhanced access to France’s e-commerce market.
Five International Maritime Organization technology centers in the Africa, Asia, Caribbean, Latin America and Pacific regions funded by the European Commission will encourage the uptake of innovative energy-efficiency technologies in […]
The French ocean carrier will make its maiden call to Port Bronka, located on the outskirts of St. Petersburg, Russia, on Jan. 28.
Although airfreight volumes dropped 1.2 percent year-over-year in November 2015, they rose 0.9 percent from October 2015.
It is unclear, however, whether the aircraft manufacturer has any plans to actually produce the plane.
Shanghai Pudong International Airport Cargo Terminal Co., Ltd. processed nearly 1.6 million tons of airfreight in 2015 from its base at the Shanghai Pudong International Airport.