The company also announced plans to invest up to $136 million in automated and semiautomated expansion projects and select redevelopment at its Atlanta campus.
LA caught between straits of labor and capital; group looks for ocean freight’s Esperanto; and digital-first forwarder gets $20m funding.
The Swiss freight forwarding company, which is set to be acquired by DSV, reported a volume decrease in ocean forwarding.
CSX reported a first-quarter record operating ratio, and KSC said it achieved its best Q1 revenue.
Board nominees Don Brown and Chris Jamroz are announced, Pan Hua and Michael Wunderlich have new roles and Tim Leonard is hired.
Developed by Maersk and IBM, TradeLens uses blockchain to promote exchange of shipping and trade data.
NCBFAA conference attendees advised to challenge carriers if they claim they will start burning low-sulfur fuel before Jan. 1.
The European Union has submitted a proposal for consideration at next month’s Marine Environment Protection Committee meeting at the IMO that will bring consistency to reporting on the use of low sulphur fuels encouraging shipping companies to comply with the new regulation.
Canvas Ventures led the funding round for the on-demand warehousing and fulfillment startup, which was founded in 2017.
‘Discretionary’ cargo may look elsewhere for U.S. dock space should the biggest terminal in the biggest port not find ways to be more efficient.
The Digital Container Shipping Association will focus on driving standardization, digitalization and interoperability in container shipping.
Intermodal volumes fall by 7 percent, but a 10 percent increase in revenue per load helps the segment increase revenue by 2 percent.
The company says Rhegreen, a free-of-charge program, can reduce emissions between 10 percent and 40 percent.
Officers are elected to the International Association of Refrigerated Warehouses and World Food Logistics Organization boards; ICTS director is hired.
International Longshore and Warehouse Union opposes plan to automate the APM Terminals container facility.
World’s largest ocean freight forwarder adds money-back guarantee and carbon offset to what is now considered ‘table stakes’ in ocean freight.
The U.K.-based shipping company will power Toll’s online booking platform and will be introduced in the fourth quarter.
The newly launched KN Pledge also promises a money back guarantee, extended cargo liability, instant pricing and a carbon footprint offset.
While there was a 4.8 drop in volumes last month, it still was the port’s second-busiest March ever.
Gary Scott Stratton used credentials he obtained while working as a state trooper.
FTR reports the 13,500 units also made for the lowest March since 2008.
Russia-based GPS hacking has led to 9,883 suspected incidents across 10 locations, including 1,311 civilian maritime vessel navigation systems since February 2016.
According to the Maritime Anti-Corruption Networks, there have been more than 28,000 incidents of corruption reported since 2011.
Anyone up for some ‘Texas Chicken’? Maybe not anymore as pilots request one-way traffic on busiest shipping hub in North America.
The investment by the world’s most profitable company is valued at $1.25 billion.
Exports to Vietnam through Oakland have grown 126 percent since 2015 and in 2018, Vietnam was the port’s third-largest import market and fifth-largest export market.
Sandra Goranovic is promoted to vice president, Khalfan Al Shueili is elected to board and John Adams is hired.
Containerized freight rates are continuing to decline. And where gains are made, these are only marginal gains. International maritime consultant Drewry expects that ocean carriers “will struggle to recover rates” in the coming week.
A study commissioned by consultancy SEA\LNG and its partner promoting the use of LNG as a marine fuel shows that LNG can cut carbon emissions by up to 28 percent, though there are questions over the study’s methodology.
A study commissioned by consultancy SEA\LNG and its partner promoting the use of LNG as a marine fuel shows that LNG can cut carbon emissions by up to 28 percent, though there are questions over the study’s methodology.
A study commissioned by consultancy SEA\LNG and its partner promoting the use of LNG as a marine fuel shows that LNG can cut carbon emissions by up to 28 percent, though there are questions over the study’s methodology.
The port’s volumes in March grew 12.7 percent year-over-year to 650,977 TEUs.
The port’s throughput grew by 4.2 percent year-over-year in the first quarter and by 10.7 percent year-over-year in March.
While tariff fight may not repeat itself, other factors that lead to drayage capacity crisis still in play for shippers this year.
The study found gas-fueled engines reduced well-to-wake greenhouse gas emissions up to 21 percent for two-stroke slow-speed engines.
Year-to-date the iron ore trade on the Great Lakes stands at 3.4 million tons, an increase of 9.5 percent.
The president of Gennex Media conspired with others to fix prices on online sales of promotional items between 2014 and 2016.
The industry’s recruitment and retention problems are compounded by increased federal and state regulations, a competitive job market and time away from home.
Intermodal loadings fell by as much as 4 percent due to weather events impacting the western network, Todd Tranausky said in an FTR State of Freight webinar.
Rob Lowe is named director of administration and CFO and Matt Copot is hired as vice president of maintenance.
French company is increasing its warehousing space in Vietnam almost tenfold.
“If you do remove this as a tool for the shipping lines to use, are you prepared to accept higher freight rates as a consequence?” asked analyst Tan Hua Joo.
The shipping line signed a memorandum of cooperation with Nansha officials last week.
Tan Hua Joo also asserts that carriers are downplaying their scrubber strategies as they tell customers they must recover the higher fuel costs.
Mao Sun and Xing Er were flown from China to Denmark and then transported by truck to their new home.
The airline also had revenues grow by 13 percent to its strongest performance in five years.
The Taiwanese shipping company said it will have 14 new 11,000-TEU containerships that all are IMO 2020 compliant delivered between 2020 and 2022.
Head of Israeli maritime security firm Naval Dome says the “maritime sector is being targeted by highly motivated cyber criminals.”
Executive orders aim to foster oil and gas permitting, but Trump’s own trade policies also put kibosh on rapidly growing export markets.
The board of directors for the company, which is being acquired by DSV, also proposes that no dividends be paid to shareholders in 2019.
Claus Hemmingsen will leave the company with the closure of the Energy division, set to take place by the end of June.
Keelung, Taiwan-headquartered ocean container carrier Yang Ming has announced that it signed charter agreements on April 10 for four box ships of 11,000 TEU with ship-owning specialist Shoei Kisen Kaisa of Imabari City, Japan.
The requirement is part of a package of amendments under the revised annex to the IMO’s FAL Convention adopted in 2016.
Despite a 4.7 percent year-over-year decline in cargo movement, the port still recorded the second-busiest first quarter in its history.
ONE CEO Jeremy Nixon says the growing number of typhoons is “creating disruptions to vessels passing up and down within Asia.”
Could this be the year ocean carriers get shippers to pay up? It may be if they want a ‘get-on-the-boat rate’ and not just a ‘paper rate.’
Fincantieri Bay Shipbuilding is tapped to build the first U.S.-flag bulker for the Great Lakes trade in more than 35 years for Interlake Steamship Company.
Drewry’s white paper predicts, if the tariffs are imposed, a rush of U.S. imports of finished vehicles and auto parts in 2019 before declines in 2020 and 2021.
Keppel Offshore & Marine has secured a grant of up to $1.48 million for the vessel, which is expected to be finished in the fourth quarter of 2020.
Maersk Growth invests in Australian start-up, IncoDocs, that will automate the documentation process for small to medium trading companies.
The committee is made up of 35 voting members representing surface transportation users and providers and 14 nonvoting members from federal departments and agencies.
The Monica Wooden Center for Supply Chain Management & Sustainability at the University of South Florida will help “keep the United States at the forefront of this industry.”
Mike Wilson and Don Stephen are tapped as chief executive officers and Neil Dursley is named chief commercial officer.
The French shipping giant plans to delist CEVA from the Zurich Stock Exchange and set up an operational center in Marseilles.
CMPort said revenue grew by 16.9 percent and throughput climbed 6 percent year-over-year in 2018.
Outlook for U.S. container imports back to normal levels after 2018’s pre-tariff front loading, but with this administration, you never know.
The Hapag-Lloyd containership was verified as the source of tar balls located in a New York park, according to the Unified Command.
Australian mining giant Rio Tinto has admitted that there was a fire that damaged some of its iron ore export facilities at the port of Dampier last weekend. This story also includes a production losses update, a current cyclone weather update and an iron ore market analysis.
With new backing from Microsoft, start-up readies for technical and geographic expansion of optimization services for shipping assets.
Monthly retail imports are expected to grow to nearly 2 million TEUs in August, which would be the most since October, according to the monthly Global Port Tracker.
EXCLUSIVE: a fire at the Port of Dampier has seriously damaged iron ore miner and exporter Rio Tinto’s facilities. Iron ore exports from Dampier are likely to be severely disrupted. Iron ore prices will come under pressure, sources say, adding that dry bulk rates will “fall through the floor”.
The startup uses machine learning and AI to help ocean shipping companies optimize fleet performance and reduce fuel emissions.
Australia’s maritime officials are keeping a wary eye on the oceans around north west Australia as Cyclone Wallace menaces the Pilbara-region coastline. The harbour master for Port Walcott directed that the port be cleared. However, it was a narrow miss for iron ore export facility, Port Walcott, as the cyclone swerved away. And so the harbour master cancelled the direction to clear the port. Iron ore exports are, nonetheless, likely to disrupted. But it’s not over yet as, to the north east of Wallace, a “tropical low” is threatening to build up into a cyclone too.
The third annual survey by Drewry and ESC found shippers and freight forwarders were least satisfied with the clarity of prices and surcharges.
Shipping conglomerate looking to find its focus as other shipping companies have already focused on core businesses.
The Office of Foreign Assets Control added sanctions against two shipping companies and their vessel for transporting crude oil from Venezuela to Cuba.
To date, only three ports — Miami, Colombo and Hong Kong — have announced plans to form alliances.
Bertrand Schmoll is elected to board and Dean Milcos is promoted to CFO.
Also in this week’s report: an ExxonMobil recommendation might be problematic for truckers; paying somebody to take natural gas away
Ports operator Cosco Shipping Ports (CSP) (HKEX: 1199) has agreed to build a 254,000-square metre (2,690,978-square feet) logistics park in the city-agglomeration of Guangzhou, which has a regional population of at least 64 million people. Guangzhou is one of the world’s busiest box ports with a throughput in 2018 of 21.92 million twenty-foot container equivalents (TEU).
Oscar Thwin, Todd Naramore and Jerry Critchfield all are named vice presidents.
The 3,504-TEU CMA CGM Fort de France is the first of four vessels in the company’s new dedicated fleet to the French West Indies.
The Owner-Operator Independent Drivers Association, which was among the plaintiffs of the class action suit filed last year, said it will appeal the ruling issued Thursday.
Pre-tariff front loading to the U.S. and seasonal slowdown contribute to weakness in ocean freight rates from world’s largest exporter.
Chairman Michael Khouri told Senate Commerce Committee members that the agency is concerned how ocean carriers will pass IMO bunker requirement costs onto shippers.
Cosco Shipping Logistics, JD Logistics and Orient Overseas International Ltd. (OOIL) indirect subsidiary “Gold Talent” have inked a complex joint venture deal to fund online international supply chain platform Eshipping with, ultimately, US$44.7 million of capital.
By sharing space and adding detection technologies at nine international mail facilities, the two agencies aim to stop more opioids and counterfeit drugs from entering the U.S.
Oil giant ExxonMobil (NYSE: XOM) has announced a multi-billion dollar upgrade of its Singapore integrated manufacturing complex to convert more fuel oil and other “bottom-of-the-barrel” crude products into higher value lube base stocks and distillates. The upgrade will also increase the capacity of the facility to produce an extra 48,000 barrels per day (b/d) of low-sulfur fuels to meet the International Maritime Organization’s 0.5 percent sulfur regulation (IMO 2020), which goes into effect on January 1, 2020.
In 2018 “logistics had to focus on the discipline of scarce resources management,” says CEO Bernhard Simon.
Drewry study finds lots of capacity at U.K. ports and feeder ships that could help out if the Port of Dover becomes jammed.
The transaction, announced on March 21, gives Noatum Logistics the largest international presence among Spanish logistics companies, the company said.
Investigators say Clayton Virgil Hall continued to operate his vehicle despite failing multiple controlled substance tests and never completing the return-to-work program.
The nominations of Heidi King to be the NHTSA’s administrator and Ann Marie Buerkle to be the commissioner of the CPSB were among the seven picks OK’d by a 14-12 […]
Subsidiary of CBX Global has opened four offices in China to provide solutions to customers’ varied problems.
The agreement comes less than a year after The Jordan Company bought GlobalTranz from a group of investors that included a Providence affiliate.
“All southern ports are working the same,” the Laredo Licensed U.S. Customs Brokers Association said in regard to lane reductions for commercial traffic at ports of entry.
The joint venture, which will be established in Shanghai with an initial investment of $38 million, will invest in online logistics platform E-Shipping.
More refiners make pledges to supply market for IMO-compliant fuel, but if those efforts fall short, diesel may be next best option.
ICS executive says “clouds of protectionism and slowing growth in key economies mean that the avoidance of over-ordering is now more important than ever.”
Terms of the deal were not disclosed, but the founder of the Idaho-based company and its existing management team will maintain a significant ownership in the company.
