CMA CGM Group acquires strategic stake in LCL Logistix
Freight forwarding and logistics subsidiary CMA CGM LOG plans to expand into a dozen countries this year.
Freight forwarding and logistics subsidiary CMA CGM LOG plans to expand into a dozen countries this year.
The third-party logistics provider had a net income of $106.48 million on revenues of $3.3 billion in first quarter 2015.
The French port increased total throughput 6.9% year-over-year in the first quarter, driven by strong growth in container and crude cargoes.
Vacancy at cargo facilities in proximity to the nation’s leading airports is low, driving up rents for those who use the space, according to a report from market analyst JLL.
The Port of Long Beach has completed the final environmental impact report for the Mitsubishi Cement facility modification project.
Number of ships at anchor has dropped from 28 on March 14 to one or none.
Rickmers, which manages the ship for Maersk said Iranian navy fired “warning shots” at Marshall Islands-flagged Maersk Tigris.
Los Angeles Mayor Eric Garcetti’s office says there are “plenty of trucks and drivers.”
More needs to be done about these “unfair and unreasonable” fees, according to a joint letter from 94 industry organizations.
The parcel giant reported improved profitability across all business units in the first quarter 2015, thanks primarily to new pricing initiatives, revenue management and strong growth in international volumes.
ILWU is planning a rally and march against police violence during its regular stop-work meeting.
BNSF Logistics said it will integrate the specialized road equipment for towers with its wind turbine blade transport service, dubbed “Blade Runner.”
The port benefited in March from shippers avoiding congestion at West Coast ports.
The Israeli ocean carrier has not made any definitive decisions, however, as it is still considering the potential impacts of the Panama Canal expansion.
The express parcel carrier has had success with similar helicopter services in New York and Los Angeles, providing early morning delivery services to the areas’ financial and legal firms.
Rates were lower in March 2015 than the previous year despite increasing slightly from February, according to the latest Cass Intermodal Price Index.
The Mississagi ran aground Saturday morning at Big Trout Island on the U.S. side of the St Marys River.
Global operator of Boeing 747 freighters Cargolux Airlines said it will temporarily ban the transport of lithium ion battery shipments, starting May 1.
The joint-venture company formed by the Public Investment Fund of Saudi Arabia and PSA International handled its first commercial containership last week.
UPS, AmeriQuest, AAPA, CEVA and Swissport make executive and director-level appointments.
The Netherlands-based express carrier said it expects 2015 to be a “challenging year of transition” after reaching a tentative $4.2 billion purchase agreement with FedEx.
Recent growth of the Barcelona-based online freight forwarder has been propelled by $1.4 million in Series B funding.
Rates are at an all-time high thanks to increasing demand and “extraordinarily tight” capacity, according to the Cass Truckload Linehaul Index.
American Waterways Operators elects new chairman, while Deutsche Post DHL Group shuffles Global Forwarding officers in wake of resignation.
The truck drivers are targeting four companies for now, but may expand the strike, according to Teamsters spokeswoman Barb Maynard.
A strike could come as soon as Monday, according to a statement from Teamster affiliate Justice for Port Truck Drivers.
Carriers should not be allowed to profit from congestion for which they are at least partially responsible, says agriculture group.
Lawyers still need to be consulted, but the model has valuable input from expert shippers, says NIT League.
Rates are falling on major trade routes to Europe, U.S., according to the latest figures from the Shanghai Shipping Exchange.
The company made a deal with a German bank to acquire 14 vessels, including seven containerships, and took delivery of a 13,100-TEU ship.
The railway increased net income 8.3% to $1.2 billion compared to the first quarter 2014, according to Union Pacific’s latest financial statements.
The Texas Coalition for Transportation Productivity has thrown its support behind state legislation to increase weight limits for trucks transporting ocean containers.
Volga-Dnepr Airlines, operator of the super-large cargo freighters, said it’s trying out a new coating on one its planes.
ClassNK establishes Global Research and Innovation Center in Singapore, Delhi Airport and Schiphol Airport sign MoU to promote cargo trade, and ContainerPort Group opens new terminal in Atlanta.
Swissport, Scoular Co., Saddle Creek, Purolator, and CPG announce executive and director appointments.
Pasha says it is planning “significant upgrades to the Horizon fleet.”
Product is aimed at small and medium sized shippers.
The 10th largest container carrier warns that 2015 will likely see capacity outpace demand for shipping.
E&WD will increase the Corps’ Civil Works fiscal 2016 budget to $5.597 billion, adding $864.75 million to the Obama administration’s request.
Indictment alleges the former shipping line employee authorized payment of phony invoices.
The logistics provider saw shipments grow 4.4% in 2014, according to the company’s yearly financial statement.
The car drop delivery service, developed jointly by DHL Parcel, Amazon and Audi, is the first of its kind in Germany.
The European Commission has proposed amending its approvals process for imported commodities with biotechnology traits.
BMW Group breaks ground on new facility in Texas, CEVA and BP Zhuhai expand relationship, Worldwide Flight Services wins North American contracts, and IAG Cargo opens climate-controlled stations in Latin […]
Sunset Transportation names new president, and CSX appoints VP of state government affairs in Northeast.
German ocean carrier had suspended calls to the port due to West Coast congestion during ILWU-PMA labor contract negotiations.
The freight forwarder and logistics provider saw increased net profits in the first quarter despite slightly lower revenues, compared to the first quarter of 2014.
Maritime Administration originally awarded the money to Horizon Lines, but the ocean carrier did not move forward with the project and has since been broken up and sold to Pasha […]
Canadian Pacific set first quarter records for revenues, net profits and operating ratio, according to the railway’s latest financial statements.
The index increased 5% compared to March of 2014, according to the American Trucking Associations.
China Railway Import and Export Co. partners with Kerry Logistics China, DB Schenker Rail UK launches Eco Neutral program, MacGregor signs equipment deal with GRUPO CBO, and Lincoln Equities Group […]
Norfolk Southern expands roles of two VPs, while UTi and Cambridge Systematics add to management teams.
Shipping will remain the NYK Line’s core business, but diversification and expansion into logistics are ‘essential’ to continued growth, according to the company’s new president.
The recovery of congestion laden West Coast ports significantly impacted shipment volumes and expenditures, according to the latest Cass Freight Index Report.
Maersk Group and Crowley Maritime say the new company, called Ardent, will be headquartered in Houston.
London-based shipping industry consultant Drewry questions whether carriers will be able to charge $2,000 per FEU on eastbound boxes.
March volumes were up 21 percent at the allied Pacific Northwest Ports, but log volumes are down this year, according to Puget Sound reports.
The vessel, which runs on liquid natural gas, will enter service later this year between Jacksonville and San Juan.
The port attributed the results primarily to throughput growth in oil products, LNG and container cargo.
The airfreight carrier will test Matternet drones from California, along with Swiss Post.
Oman Air and Cargolux sign joint venture agreement, HOYER adds to environmentally friendly vehicle fleet, Virgin Atlantic Cargo partners with Jan de Rijk Logistics, and ClassNK opens survey office in […]
MOL (Canada), Ameriquest Transportation, and ABS Group made senior appointments.
The Federal Maritime Commission may institute more stringent monitoring of ocean carrier alliances, according to commissioner William P. Doyle.
New Jersey Attorney General cites the work of the NY/NJ Waterfront Commission as a bill to dissolve it sits on the Governor’s desk.
Despite the exit of ocean carriers Hanjin and Hapag-Lloyd, Portland director says the port has “a valuable, unique market.”
State Senate President Stephen Sweeney called for a $2-billion-a-year Transportation Trust Fund.
Ships will call Mexico, Colombia and Panama.
The former employee was sentenced to five years in prison and ordered to repay $4.68 million in restitution
The U.S. Transportation Department on Friday released a regulatory package to enhance the safety crude oil and ethanol shipped by rail.
With a large reefer capacity, the new ships are destined primarily for the South American trade lanes.
American Trucking Associations wants electronic speed limiters on all large trucks to be set at no higher than 65 mph.
The U.S. Federal Maritime Commission has received 36 ocean transportation intermediary license applications and changes for review.
The $5.9-billion deal includes KTR’s real estate assets and operating platform.
XVELA, a unit of Navis, aims to help carriers and port terminals work together.
Channel Construction chartered a barge on three occasions to Northland Services between 2010 and 2012. Northland used it as a platform to generate electricity and refrigeration of fish products. […]
When the World Customs Organization set out to establish the SAFE Framework of Standards to Secure and Facilitate Global Trade after the Sept. 11, 2001 terrorist attacks, it handpicked […]
Customs organization ready to assist members with implementing WTO agreement.
Container Analytics with Ben Meyer Much has been written in recent months about the congestion issues at U.S. West Coast ports. Contentious labor negotiations between the International Longshore and […]
Marine terminals sees congestion as precursor to challenges from Panama Canal.
The changes taking place in the container-shipping industry are structural, not cyclical, said Ron Widdows, ex-chairman of the World Shipping Council and former chief executive officer of Neptune Orient […]
The logistics staff that you hire today for your business, whether you’re a shipper, transportation intermediary or freight carrier, will mostly come from the millennial generation. While it’s […]
The Shanghai Shipping Exchange shows spot rates to Europe at low of $399 per TEU.
Transportation Intermediaries Association says truck safety scores on FMCSA website have led to misuse in lawsuits.
Squamish dock was used to handle forest products, steel.
The Transportation Intermediaries Association and United Fresh Produce Association have released a new joint broker-shipper contract for transportation.
UTi Worldwide appoints co-presidents for forwarding, while the Port of New Orleans welcomes new commissioner.
Southern California container terminals clear backlog in wake of tentative ILWU contract.
While the Jones Act is seen as a pillar by many industry and government officials, it’s under heavy attack by some legislators and interests.
The average financial loss of these crimes was 205,625 euros (about $220,000), the trade group said.
The Commerce Department has concluded there’s both dumping and subsidization of these imports from China.
Cargolux will provide Oman Air with access to its Boeing 747 freighters, while Oman Air will offer Cargolux belly hold space on its passenger aircraft.
Austrian 3PL cargo-partner group expands in the United States, while TNT opens new hub in Sydney, Australia.
Nebraska Sen. Deb Fischer says labor impasse sent “ripples through the U.S. economy.”
Port says volumes are increasing and vessels are reaching Oakland off-schedule and in bunches after delays at congested Southern California ports.
Port terminal manager now has terminal operations in Castellon, Barcelona and Valencia on Spain’s Mediterranean coast.
Forty ultra-large containerships have been ordered since January and more are expected from Maersk and COSCO.
Earnings for the quarter increased year-over-year despite negative changes in currency relations, according to the third party logistics provider’s latest financial statements.
Georgia Ports Authority said its terminal handled 27.8 percent more containers in March, 2015 than in the previous year.
Overall first quarter cargo volumes rose 5.9 percent to 51 million tons at the port.
Logistics company deemed SITTAM a “non-core” business, selling it to a subsidiary of Gruppo PIR.