Maritime

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.

Comments, objections and requests for hearings must be filed by Aug. 22.

The U.S. Council for International Business has formed a special committee within its membership to address the threat that illegal trade poses to global markets and industries.

Foreign components will be used in production of wire harnesses at Hampshire plant

Connecting the dots to bring value — and style — to the masses.

Container line alliances are cutting capacity on their transpacific services in anticipation of a major slowdown in the US-China trade relationship due to tariffs. We see downside risk for Union Pacific and BNSF intermodal volumes, as well as JB Hunt.

Decision comes after U.S. District Court grants Federal Trade Commission’s motion for an injunction to block deal.

Although many of the changes were expected, there were a few surprises in the amended freight pricing requirements for NVOCCs, writes international trade attorney Carlos Rodriguez.

Thirty-four Democrats and one Republican opposed the measure, as 133 Democrats voted present at the insistence of House Democrat leadership.

Letter to key members of the Trump administration urges U.S. Customs and Border Protection to immediately issue Trade Facilitation and Trade Enforcement Act drawback regulations.

Built by VT Halter Marine, El Coquí can carry containers and roll-on, roll-off cargo and is fueled with liquefied natural gas.

The Valencia Containerized Freight Index reflects the evolution of market rates for the export of full containers by sea from Valenciaport.

Appalachian Regional Port inland rail terminal slated to open in August.

Rapid growth in cargo volumes and spending has started to stretch domestic infrastructure to its limits, according to economist Donald Broughton.

The railcar lessor’s net income fell 27.3 percent from last year’s second quarter to $38.8 million.

Local stakeholders tell Senate Finance subcommittee federal programs could benefit from more opportunities for private-sector participation.

The WCI rose 5 percent year-over-year last week, but the SCFI is now down 9.5 percent compared with the same 2017 period.

The House Foreign Affairs Committee chairman has asked the State Department to suspend removal of export controls currently in place for certain software.

Allianz review of shipping safety says “over the past decade, total losses of ships have declined by more than a third.”

The global third-party logistics provider’s earnings grew 9.6 percent year-over-year.

Company had questioned decision to allow APL to put ships into trade.

French carrier acquires a 10 percent interest in terminal in Belgian port from China Shipping Ports.

Throughput at terminals operated by the Northwest Seaport Alliance grew 8.6 percent in June after three straight months of year-over-year declines.

The railway continues to invest in Mexico and remains on track with positive train control implementation.

The amendments are designed to expand choices for shippers, reduce regulatory requirements and increase efficiencies.

Deal brings Southern Air pilots’ wages in line with those of Atlas Air.

The temperature-sensitive truckload carrier’s operating revenues climbed almost 15 percent.

The trucking and logistics provider posted year-over-year increases of more than 20 percent in net income and revenues.

Woodioso Technology Ltd. may have to pay $160,500 for improperly documenting, packaging and shipping lithium ion batteries.

Three separate services each will withdraw a sailing in the coming weeks.

The Oslo-based feeder containership owner has agreed to purchase a 1,740-TEU vessel for $13.86 million.

U.S. Customs and Border Protection currently cannot issue administrative protective orders in duty evasion investigations.

The Class I railway posted a net income of $1.51 billion on revenues of $5.67 billion.

“With truck capacity continuing to tighten,” strong performance expected for remainder of the year.

Maersk Line, MSC and ZIM will cooperate on five services.

Net earnings jump 72 percent year-over-year; plan on track to reduce workforce by 2,000 in 2018.

Low water in St. Lawrence River means ships can carry fewer containers.

The planes will be converted from passenger to all-cargo configurations and leased to the expanding market.

Port asks for comments on draft of strategy to tackle diesel exhaust, greenhouse gases.

Year-over-year domestic rates in June moved up 9.5 percent, a third consecutive record increase.

According to a Global Cold Chain Alliance survey, price and customer service round out the top three factors when choosing a provider.

Uneven growth trend may continue as carriers remove capacity from transpacific trade lane.

North American intermodal rates grew for the 21st consecutive month in June, according to the latest Cass Intermodal Price Index.

CEO warns port will soon reach maximum capacity.

Associated British Ports plans a multistory facility with room for 3,000 vehicles.

American Maritime Partnership-sponsored report shows Walmart prices the same in San Juan and Jacksonville.

The trucking and intermodal company’s strong earnings were fueled by higher freight rates and strong demand.

The company continues to expand its footprint in the transport of perishables.

Acquisition designed to expand position in the final-mile delivery space.

Freight-matching marketplace acquired technology solutions provider.

Cargo Logic Holding buying 29 Boeing 777s, Volga-Dnepr purchasing five 747-8s.

Customs will continue to suspend liquidation for subject merchandise entered on or after Nov. 22, 2017.

Space-sharing partnership on transpacific flights creates “unrivaled air cargo network across North America and Asia.”

Columbus, Ohio-based cargo airport has completed a six-month, $423,000 renovation of its animal transport facility.

The belly cargo carrier began shipping internationally with flights between Houston and Mexico City.

Butner elected board president; Magnusson joins advisory committee; Oud named to panel; and Pulfer hired in Ohio.

The Freight NYC initiative calls for strategic investments in maritime and rail assets as well as new distribution facilities.

Carriers may trim hire fleet if profits fall, but demand could grow with more slow steaming, says Drewry.