William J. “Bill” Shea Jr. will receive the 2019 Connie Award and J. Christopher Lytle will be honored with the Lifetime Achievement Award in California in September.
Despite the controversies through the years, DryShips has proven to be a survivor – and has posted another quarterly profit.
Credit rating agency says while traffic may fall, revenues are not likely to be affected in the medium term.
Wei Chi is hired to lead the finance division, Bob Felix is named director of specialized projects and Bosco Dsouza has been appointed as account manager.
Customs brokers facilitating imports from Mexico into the U.S. have witnessed improved cargo processing by CBP at the southern border ports of entry.
APM Terminals Inland Services will be integrated into Maersk Logistics & Services.
The two barges involved in the tug collision, including the damaged one that spilled more than 11,200 barrels of gas blend stock, have been removed.
Hyundai Merchant Marine (KSE: 011200) started off 2019 much as it ended 2018, racking up losses. Despite a first quarter gain in volume that boosted revenue, fuel prices and finance […]
Large ships may provide liner operators with economies of scale, but they are proving more expensive in the chartering market.
Forwarders that participated in the pilot expect the agency to focus penalties on egregious violations.
An accident at the Port of Los Angeles took the life of a dock worker and injured another, ending the five-year U.S. safety record for marine cargo handling. The May […]
COSCO has yet to join the organization that seeks to enable digital standardization.
What The Truck?!? hits the road this week as Chad and Dooner make tracks towards Birmingham, Alabama to cover McLeod’s Transportation, Finance and Accounting Conference. The guys talk with McLeod’s CEO Tom McLeod, VP of Ops David Custred, CFO Kasey Burleson, Chief InfoSec Officer Ben Barnes, and Buddy Moore Trucking’s CFO Susan Moore Kirkpatrick.
Results were better than expected, and the company points to a forecast of improving supply-demand balance in container shipping.
The FMCSA is seeking public input on a pilot program that would allow 18- to 20-year-olds to operate commercial motor vehicles in interstate commerce.
Rail market expert Jim Blaze discusses how FreightWaves SONAR can help determine how best to ship freight.
The five-year labor agreement was approved by Teamster-represented workers on May 3 but went into effect Tuesday after the final supplement contract was approved.
Amazon has broken ground on its Kentucky air hub, which will bring 2,000 jobs and up to 100 planes to the area.
Shiju Zacharia is promoted, Heinrich Hiesinger is elected and Simone Menne and Stefan Schulte are reappointed.
The legislation would establish the Freight Transportation Infrastructure Trust that would distribute the funds through a formula and competitive programs.
While the port’s focus is on containerized cargo, it says handling aggregate could provide a steady, divergent revenue stream.
Modular logistics outsourcing solution heralded as “market-changing service.”
The House Appropriations Committee’s FY2020 Energy and Water Development and Related Agencies funding bill also would increase HMTF projects by $147 million.
The companies participating “will utilize the experience gained from this operation to accelerate commercialization.”
The Korean carrier has reduced its operating loss and prepared for IMO 2020 but is still concerned about a global economic slowdown, Brexit and the U.S.-China trade conflict.
Among the topics to be taken up by this week’s meeting of ocean shipping’s international regulator will be how the industry can lower its carbon dioxide output. One increasingly talked-about […]
Singapore-headquartered liquefied petroleum gas and petrochemicals ocean carrier, Epic Gas (OB:EPIC-ME) today announced minimal losses of US$300,000 in the first quarter of 2019. That’s an improvement of 89 percent, which represents a U$2.4 million uptick from the losses recorded in the first quarter of 2018.
NYSE-listed Diamond S Shipping brings an experienced management team back into the public arena.
Yang Ming Marine Transport (TSE: 2609) narrowed its first quarter 2019 loss thanks to higher volumes of container shipments. The Taiwanese liner operator reported first quarter revenue of $1.14 billion, […]
Beth Pride of BPE Global and Melissa Harrington of Descartes will discuss how companies can keep pace with customs compliance, tariffs, sanctions and more.
David Chiang appointed as bunker risk manager, Matthew Garner hired as assistant vice president of ship design and Eric Sabo named head of business development.
Danaos CEO does not believe trade dispute will cut box-ship ton-mile demand.
A consortium to improve the technology used in container shipping just got larger with the addition of several big names in the liner business. The Digital Container Shipping Association (DCSA) […]
Waterways Council Inc. President and CEO Mike Toohey says “the Corps of Engineers-maintained lock system would qualify for Social Security if there were such eligibility.”
Commissioners voted 7-0 in favor of continuing negotiations with the Oakland Athletics for the lease of Howard Terminal as the site for a new baseball stadium.
A pilot program would allow 18- to 20-year-olds to operate commercial motor vehicles in interstate commerce.
Good day, Truck makers have been insisting that medium-duty truck owners are starting to look for the same type of data analytics and remote diagnostic capabilities that long-haul operators have […]
“With 90% of Americans living within 10 miles of a Walmart store, we’re well positioned to offer even faster delivery to customers in the future.”
The definitive agreement came more than a year after Amber Road rejected a previous offer by the Austin,Texas-based supply chain software firm.
The company’s Eagle Express X service will offer carriage of container cargo from Asia to Honolulu on alternate weeks.
The countdown for bringing Chinese goods into the U.S. ahead of new import duties is now underway. But it’s unclear whether the sequel will match last year’s container crush due […]
Specialist liquid-gas ocean carrier Navigator Gas evidently had a faulty compass in the first quarter of 2019 as it reported a $3.3m loss. The company attributed its results to geopolitical issues along with a variety of one-off incidents around the world. Together they tended to cause an oversupply of ships and a softening of rates in its niche-sector.
The British Columbia port handled just over 1 million TEUs in 2018, but planners say it has potential capacity of 6 million to 7 million TEUs.
China’s new list more than doubles the tariff on LNG, but it’s the dry bulk stocks that are feeling the pain.
Shippers encouraged to make alternative plans now for the millions of tons of commodities that typically move on the Illinois River.
Soybean farmers along the Mississippi River have dealt with historic flooding this year.
Yuri Freedman is elected to board, Kalliope Economou is hired and Ginger Adamiak and Yesica Gloria Marrufo have new roles.
In its first full quarter since repurchasing its spin-off, Navios Acquisition moved to lower its fleet age.
One-way ship and two-way barge traffic was restored Sunday in the wake of the collision that spilled about 9,000 barrels of gasoline blend stock into the waterway.
Delegates at the International Maritime Organization’s meeting on the marine environment have started their week long meeting that includes discussions on the implementation of the IMO 2020 sulfur cap, with […]
Reducing greenhouse gases is a key agenda item as the Marine Environment Protection Committee meets this week in London.
The purchase has an up-front consideration of $21 million with a maximum potential performance-based earn-out of $9 million.
Kuwait, Middle East-based logistics provider, Agility, generated consolidated revenues of 378.8 million Kuwaiti Dinar (US$1.25 billion) in the first quarter of 2019, the company reported today. That’s a 1.9 percent increase on the revenues generated in the first quarter of 2018.
Australian integrated logistics provider Qube (ASX:QUB) has acquired Brisbane-based crane-hire provider, mining-related logistics services provider and truck-operator LCR Group for A$135 million (US$94.14 million).
Collision causing delays at major U.S. export shipping route
Shipping’s ‘trade war’ equation is not measured in tons at sea, it’s measured in tons times miles at sea.
U.S. lawmakers weigh Arctic “St. Lawrence Seaway”
Vote by International Longshore and Warehouse Union Canada members ups the ante in contract talks by raising the prospect of a disruption at Canada’s largest port, Vancouver.
South Florida market continues to attract a steady flow of newcomers aiming to get their piece of the freight.
Inflation surprise is one of the biggest risks to economic growth for the remainder of the year, FTR senior economist Bill Witte said Thursday.
Awards also go to Crowley, James, Mountevans, Cloud Logistics, Fleet Advantage, Gebrüder Weiss, IAPH honorees, Indiana port, The Andersons and Werner.
The purchase of the TMS implementation and integration services provider is the Chicago-based 3PL’s third acquisition of 2019.
Ports America, Ceres and SSA Marine plan a joint venture in Charleston and Savannah, while TOTE subsidiary and Luis Ayala Colon want to partner in San Juan.
The FMC chair says if freight rates don’t improve to recoup carriers’ cost of capital, the industry “points toward more consolidations, mergers and acquisitions.”
Loaded imports were mostly flat and loaded exports decreased, but empty containers grew by double-digit percentages at both ports last month.
Seaboard Marine also will launch additional services in June linking Savannah to South America, Central America and the Caribbean.
Meeting the IMO 2020 sulfur regulation should not be a problem for owners when the regulation enters into force in January 2020 but making certain that the enforcement of the […]
Beijing has sworn to institute countermeasures to combat a huge increase in tariffs, from 15 percent to 25 percent, that have been imposed by Washington on $200 billion worth of a wide range of Chinese goods. A set of high-level, last-minute, talks yesterday to postpone or prevent the tariffs failed.
U.S.-based container ship operator Matson (NYSE: MATX) reported first quarter 2019 results that were above analysts’ estimates, thanks to strength in the company’s logistics business. The Honolulu-based Matson reported net […]
One of North Korea’s largest coal-hauling vessels has been taken out of service by U.S. authorities in the first-ever cargo ship seizure related to sanctions violations by Pyongyang. The vessel […]
There are reasons to be optimistic about rates in both the crude and product tanker sectors – and INSW’s fleet spans both categories.
A requirement for ships to go slow in order to reduce greenhouse gas emissions could be counterproductive, says the Coalition for Responsible Transportation.
The companies will “collaborate on a wide range of cross-industry initiatives” and integrate their systems.
CEO Rolf Habben Jansen said transpacific contract rates saw an average “three-digit increase” per TEU.
Crude tanker owner DHT Holdings believes the stage is now set for a pronounced upswing in rates.
The high import levels expected through the summer are driven by a rise in retail sales and plans to increase and broaden the tariffs against China.
Containerized import volume was up 7% year-over-year, but port officials “are concerned about what comes next.”
Justin Pinchback is hired as chief people officer and Bookda Gheisar is named senior director for equity, diversity and inclusion.
The settlement affects 17,519 drivers who entered into vehicle lease and independent contractor operating agreements between 2007 and 2017.
Enhancement of routing and scheduling software designed to help transportation planners “do more with less.”
But the company says revenues are up and predicts an increase in operating revenue for 2019.
Hapag-Lloyd (FSE: HLAG) reported first-quarter results that were better than expected thanks to strength in its trans-Atlantic franchise, better exchange rates, and the one-time effect of an accounting rule change. […]
Manila, Philippines-based container terminal operator International Container Services International has posted a solid set of first quarter results. Revenues were up. Profits were up. Box lifts were up. The group attributed its good results to operational improvements, lower finance costs and a “ramp up” in contributions by its new ports.
Shipping container maker Singamas Container Holdings (HKEX:716) has announced that it will sell five of its subsidiary companies to Cosco Shipping Financial Holdings for RMB 3.8 billion. That’s about US$565 million.
It’s rough out there in the dry bulk ocean shipping business. New York-headquartered Genco Shipping & Trading (NYSE: GNK) posted a net loss of $7.8 million in the first quarter […]
Effective May 28 the maximum authorized draft for vessels transiting the canal’s Neopanamax locks will be 43 feet, down from 50 feet at the beginning of the year.
Pricing, procuring and planning ocean and rail freight was for years a dark art practiced by a cabal of freight forwarders and logistics professionals. But the ethos of many transport […]
Members of the International Longshore and Warehouse Union (ILWU) in British Columbia will vote on authorizing a strike, setting the stage for potential disruptions at the Ports of Vancouver and […]
APL Logistics, Kinedyne LLC, Port of Virginia and Sea Machines introduce new hires.
Some shippers have not yet posted general average and salvage security.
The National Association of Manufacturers called on Congress to swiftly reauthorize the Ex-Im Bank after three board members were confirmed.
The Transportation and Infrastructure Committee favorably reported the Full Utilization of the Harbor Maintenance Trust Fund Act with one lawmaker voicing opposition.
Members of the International Longshore and Warehouse Union have been negotiating with employers for 17 months to replace the contract that expired on March 31, 2018.
The agency on Wednesday officially announced that tariffs across $200 billion worth of goods will increase to 25 percent on Friday.
The containership chartering company also increased its operating revenue by $28.4 million in its first full quarter since merging with Poseidon Container Holdings.
She previously worked in the Transportation Department in various roles from 2003 to 2008.
Australian ports recorded in excess of 1.94 million twenty foot equivalent (TEU) container movements during the first quarter of 2019. But freight forwarders sense a downturn may be about to happen…
NASDAQ-listed Eagle Bulk believes its ‘owner-operator’ model allows it earn more than ‘pure owner’ competitors.
Getting better use from your logistics assets, whether it be drivers, trucks, trailers, or general staff, is a major theme of Transparency19. And the Rapid-Fire Demonstrations on the second day […]
