Maritime

Ocean carriers transported just under 14 million TEUs in June, a 1.3 percent increase from the same month a year ago.

The Class I railway benefited from increased volumes, higher average revenue per car/unit, a tight trucking market and a lower effective income tax rate.

“Canada remains disappointed with the final duty rates announced by the U.S. Department of Commerce,” says foreign affairs minister.

Alliance wants to ground FAA reauthorization bill provision it calls “dangerous” and “reckless.”

AAR senior VP says despite the continued strength of the U.S. economy, recent trade policy moves could have a negative impact on freight rail volumes.

The government insists it has the right to cancel concession contract.

Drewry says economic fundamentals are likely to win out over tariffs and trade war fears.

Congestion, delays and bad weather created “a perfect storm” and led to $5.6 million net loss.

The multimodal transportation service provider plans to use proceeds from a potential sale toward new service lines, existing businesses and technology.

Hapag-Lloyd says inland transportation severely delayed because of extreme conditions.

Revenues growth of 17.7 percent attributed to yield improvement, higher shipments and tonnage, and increased fuel surcharge revenues.

The purchase of Panatlantic Logistic builds on two acquisitions in the sector last year.

Growth in North America attributed to higher fuel prices, lack of truck capacity and strong economic performance.

The purchase price for the flatbed carrier specializing in the transport of steel, aluminum and other metal products was $53.8 million.

The UPS Store will pack and send furniture and decor sold through online marketplace.

The Italian port concession would be the 21st marine terminal in the Turkish company’s portfolio.

Firms shed 1,300 jobs during July, but June hiring figures were revised upward.

Arbitrator finds government attempted to evade contractual obligations.

The European Union said it will not allow the United Kingdom to continue benefiting from its customs procedures and duty collection once it exits the EU customs union.

Hub Group’s earnings per share at $0.66 beat Wall Street’s consensus estimate of $0.50, but executives said that the third and fourth quarters will be even stronger, and margins will grow even against tough comps.

With no acquisition and integration costs weighing down profits, XPO Logistics has delivered net income growth for nine consecutive quarters.

The Hong Kong-based containership leasing giant’s net earnings shot up 140.5 percent.

“U.S. prices for both soybeans and soymeal are currently the most competitive on the market.”

Former Walmart logistics leader joins drone provider; longtime employee promoted to oversee branch operations.

Attorney Benjamin Trogdon joined the U.S. Federal Maritime Commission in 2000.

An OOIDA Foundation survey found parking problems across the nation, safety issues and cost concerns.

Delta Air Lines was sued when pricey Savannah kitten landed with a broken hip.

Ocean Network Express, formed by NYK, MOL and “K” Line, posts $120 million loss in the quarter.

Pilot project with Maersk seeks to uncover problems with improperly stowed or declared cargo.

The global third-party logistics provider’s net income jumped 43.3 percent year-over-year in the second quarter as revenues climbed 15.3 percent.

PEIR uses blockchain and digital image technology to allow users to prove they are not liable for container and trailer damage.

Six-month trial of Thor Trucks’ delivery vehicle will be conducted to determine its long-term suitability.

The Danish global transport and logistics provider saw year-over-year earnings growth in all three segments.

CEO Tobin Moore said the retail returns specialist will use the latest equity round to accelerate product adoption and further invest in research and development.

The Bureau of Industry and Security said the Entity List designation is for “acting contrary to the national security or foreign policy interests of the United States.”

The Senate Commerce Committee on Wednesday approved by voice vote the nomination of Martin Oberman.

Berwick Offray of Pennsylvania petitioned Commerce to launch an investigation.

Hapag-Lloyd believes that data standardization would help various stakeholders to collaborate together and improve the supply chain efficiency in the maritime industry.

A spokesperson told American Shipper the move will not affect Uber Freight, the company’s on-demand trucking unit.

All eight containers have been moved onto the pier at the Port of Virginia’s Norfolk International Terminals.

Government-owned company’s CEO says Ashcroft Terminal offers an entry point into North American market and opportunity to increase intermodal and inland container depot operations.

Keith Lovetro will be succeeded by Jennifer Polli on Wednesday.

Grants to upgrade runways, taxiways, aprons and terminals will go to 522 of the nation’s airports.

The forwarder provides logistics services to some of the biggest names in music, live entertainment and sports.

Check out the latest hires and promotions in logistics, port management, transportation technology and maritime insurance.

Despite the sequential decline, year-over-year growth in the American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index continued.

The General Services Administration, along with the White House’s Office of Management and Budget, present road map for federal government’s future use of e-commerce.

The freight transportation technology provider says customers can strengthen brand loyalty, meet on-demand expectations and lower costs while increasing productivity.

The Greek dry bulk vessel owner benefited from higher time charter rates and enlargement of its fleet.

New Japanese container carrier still expects to achieve profit of $110 million in current fiscal year.

The Chinese shipping firm reports its network applications in the Americas have been fully recovered.

The 444-page document outlines how the agency intends to treat controversial alcoholic beverage procedure under modernized process.

The global third-party logistics provider said the previously announced refinancing, including the offering of the notes, is expected to close this Friday.

Gregory Zikos, CFO of the Athens-based containership lessor, attributed the decline primarily to a seasonal softening of demand.

The results were not enough to offset declines in other segments, which pushed first-half profits for parent Deutsche Bahn down 27.9 percent.

The Swiss freight forwarder says using the blockchain-backed electronic bill of lading will give it a leg up on the competition.

Ruest and Owens named CEOs; Krishnamoorthy hired as VP of engineering.

More than 800,000 container orders are initiated through the ocean shipping information portal each week.

The SCFI jumped 8.8 percent last week, but is still lagging behind the index reading from this time last year.

COSCO shipping came under a cyber attack this week, which reinforces the need for comprehensive cybersecurity regulations within the maritime industry as the future moves towards port automation and autonomous shipping.

The global third-party logistics provider said continued efforts to cut costs and increase productivity resulted in an 11.6 percent year-over-year increase in adjusted EBITDA.

The Chinese ocean carrier’s operations were disrupted throughout the Americas.

The rate is the fastest since the second quarter of 2014, but analysts warn trade tensions could weigh down growth in the near future.

Raising of Bayonne Bridge helped drive increase in container volumes.

The asset-light trucking company’s second-quarter net income jumped up 67 percent from last year.

Shareholders agree to COSCO acquisition of parent company.

Cargoes may be moved to Europe via the Trans-Siberian Railway.

The tank barge operator posted consolidated revenues jump of nearly 70 percent.

The German government also will promote the shift of freight traffic from road to rail.

CEO says outlook “promising, thanks to growing customer demand for rail shipments across most commodity groups, particularly in North America.”

Tennison promoted, Coleman hired and Egoscue elected.

The Chinese shipping line said all of its vessels are operating as normal.

Georgia Ports Authority and South Carolina Ports Authority say their goal is to increase supply and quality of chassis.

The Miami-based supply chain solutions provider saw earnings fall 16.9 percent year-over-year to $42.3 million for the second quarter.

The South Korean ocean carrier is the latest to use NYSHEX’s platform for enforceable container freight contracts.

The less-than-truckload carrier had Q2 net income of $163.4 million on revenues of $1.03 billion.

Agreement provides for wage increases, benefit improvements and increased job protection.

North America’s largest truckload transportation company posted a second-quarter net income of $91.6 million.

The Chicago-based third-party logistics provider reported a net income of $7.7 million in Q2 compared to a $200,000 loss in the same quarter a year ago.

The Norfolk, Va.-based Class I railway posted diluted EPS of $2.50 per share, beating consensus estimate by $0.19 per share.

CEO, SVP, sales director and consultants appointed.

House Transportation and Infrastructure Committee Chairman Bill Shuster seeks bipartisan legislation to keep nation’s Highway Trust Fund solvent.

According to CB Insights, “the maritime shipping industry accounts for 90% of global trade and is only now beginning to leverage technology. This shift could have far-reaching impact on retailers, consumer goods companies, manufacturers, and more.” With this important industry in mind, CB Insights hosted a July 24 webinar to “explore how shipping companies and global ports are utilizing automation and blockchain technology to revolutionize the shipping industry,” taking a look at various aspects of the supply chain along the way.

Chassis lessors had raised objections to the agreement.

Apology issued for emails falsely reporting potential bankruptcy.

Supply chain software company awarded damages of $14.4 million.

Costs related to shutting down stand-alone container liner operation, grounding air cargo fleet cited.

Foreign affairs minister says businesses and workers on both sides of border impacted.

The Federal Maritime Commission has completed compromise agreements with eight non-vessel-operating common carriers, resulting in the recovery of $618,000 in civil penalties.

The Class I railroad will pay $1.2 million to the U.S. government and $1 million to West Virginia for the environmental damage caused by the derailment.

The Atlanta-based parcel giant saw its net income rise 7.3 percent year-over-year to $1.5 billion during the quarter.

The Class I railway also declared its third-quarter dividend to be paid to shareholders on Sept. 28.

LxRoadFreight is the first customer relationship management solution designed specifically for U.S. trucking carriers and brokerage firms.

The Makassar Highway ran aground Tuesday while en route to the Port of Södertälje in Sweden.

Driver turnover percentage the lowest in 20 years.

Irish port reports volumes increased by 5.2 percent in the first half of the year.

CEO says company is well positioned despite uncertainties from “geopolitical headwinds and recent changes in trade policies.”

Aircraft manufacturer said the industry will need to double its current pilot pool between 2018 and 2037 to keep the world’s commercial aircraft fleet flying.

Company wants to add foreign components to gift sets packaged in Florida.

Forwarders will have instant access to contracted rates and capacity availability and will be able to book their cargo on specific flights.