Commissioner asks for documentation as the FMC considers restricting ocean carriers’ ability to assess detention, demurrage and per diem fees.
CEO Bradley Jacobs reports “healthy” diversification of customer verticals and service lines, continued growth in e-commerce demand and a record $972 million in new business secured in the first quarter.
Conclusion of pilot Customs program has been pushed back from July to December.
The multimodal transportation services provider is adding about 800 trucks and 4,000 containers.
The global third-party logistics provider has its sights set on further investing in technology after posting a year-over-year increase in revenues of nearly 15 percent.
A.P. Møller – Maersk’s new financial reporting structure, effective from the first quarter, coincides with its strategy to become a global integrator of container logistics with one bottom line.
Global demand for air cargo ticked up 1.7 percent for the month, the slowest pace in 22 months, according to the latest data from the International Air Transport Association.
New office in Tema, Ghana will oversee the German carrier’s operations in West Africa.
The Danish global transport and logistics provider posted profits of 769 million Danish krone (U.S. $123.4 million) for the quarter, a year-over-year increase of 14.9 percent.
Overall average revenue per TEU increased by 8.3 perent compared to the first quarter of last year.
Deringer’s director of customs affairs and compliance vows to focus on protecting the industry.
Carriers often mount efforts to extend the defenses and protections they enjoy under the Carriage of Goods by Sea Act to their agents and subcontractors.
The ocean shipping booking platform provider is piloting an automated container freight rate management system as part of a greater effort to drive data digitization and communication across the industry.
Terminal operator reports higher first-quarter container volumes.
Several firms filed substitution drawback for distilled spirits after the new process debuted in ACE, but Treasury has not decided whether such products will qualify.
A mechanism for continuous, supplemental bonding for importers subject to AD/CV duties will go before a committee in June; a Customs Trade Partnership Against Terrorism test likely will wrap up […]
The tech-focused freight forwarder landed $100 million in funding from Chinese parcel courier SF Express, a move company officials say will accelerate the expansion of its global logistics operations.
Company expects improvements in core Hawaii and Alaska trade lanes.
The short-line and regional railroad operator is actively evaluating acquisition and investment opportunities after drastically increasing its net income and revenue.
Industry groups are calling for a Federal Maritime Commission investigation of changes planned by container terminals in Los Angeles and Long Beach.
The 104-year-old waterway is expected to handle 244 transits from liquefied natural gas tankers this fiscal year.
The revised OffPeak program is expected to ramp up in August.
Chicago-based 3PL acquires freight management services division of ROAR Logistics.
The largest port on the U.S. East Coast handled 1.68 million TEUs during the first quarter, keeping it on pace for another record-breaking year in 2018.
The Chicago-based freight broker and third-party logistics provider posted a net income of $4.7 million in the first quarter of 2018 compared to a $2.9 million loss in the same quarter a […]
North America’s largest provider of truckload services reported a net income of $70.4 million in its second full quarter of post-merger operation.
The asset-light trucking company posted a net income of $57.47 million, revenues of $1.05 billion.
Trade groups say the legislation doesn’t go far enough; Teamsters say it goes too far.
The $8.4 billion stock-for-stock transaction is expected to close in the third quarter.
Interior hubs are providing cheaper and faster options for transporting goods as volumes rise and consumers demand quicker deliveries.
Drewry says leasing companies are expected to own 54 percent of the world’s shipping container fleet by 2020.
DOT outlines exemption procedures for air taxi operators planning commercial drop-offs
After suffering sustained losses in recent months, one measure of container freight rates spiked 12.8 percent last week, but another slipped 1.9 percent from the previous week.
NYK Line, MOL and “K” Line, which combined forces April 1 as the Ocean Network Express (ONE), reported a combined loss of $136.6 million in their last fiscal period as […]
The comments from the Maersk Group CEO come amid a precipitous drop in container freight rates that could threaten carrier profitability in 2018.
The Parliamentary Transport Committee has requested industry input for its review of potential effects on freight transport operations and infrastructure as the country splits from the European Union.
The less-than-truckload motor carrier posted an on-time delivery rate of 99 percent during the quarter as well as higher net income and revenues.
The annual growth rate of 2.3 percent in the first quarter is down from 2.9 percent the previous quarter.
The Class I railway increased net income, revenues and volumes during the quarter from the prior 2017 period.
The trucking and logistics company’s operating revenues for the first quarter of 2018 surged 20.6 percent year-over-year to $156.7 million.
A logistics powerhouse in Africa, the French company allegedly “provided discounted communications advice” in Guinea and Togo in exchange for licenses to operate container ports.
An industry association elects 2018-19 officers and Air Partner appoints interim chief financial officer.
The U.S. Postal Service and Customs and Border Protection have been ramping up efforts to stop shipments of fentanyl, which largely arrive in the United States from China.
The union representing about 25,000 CBP officers cites “forced overtime shifts, multiple deployments away from home and low morale.”
Deferral of ship deliveries will improve supply-and-demand balance for liner companies.
The U.S-China Bilateral Maritime Consultations also included talks on competition and efficiency in the U.S. container shipping industry.
The total value of U.S. cross-border trade with Canada and Mexico increased for the 19th straight month in May.
The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement rose 8.7 percent year-over-year to $86.47 billion in February.
The Atlanta-based parcel giant saw its net income jump 15.4 percent year-over-year to $1.3 billion, led by double-digit profit growth in the international, supply chain and freight segments.
The weekly service was discontinued in 2005 following Hurricane Katrina.
The agency also has been taking a “really strong look” at forced labor used for imported goods.
Annual report lays out strategy for domestic and overseas multimodal transport and inland services.
The port terminal operating arm of the Chinese state-run conglomerate reported net earnings of $69 million, an 84.3 percent increase from the prior year.
Move follows consolidation of its liner business with that of Japanese competitors.
Senators are told, “American cargo owners are saying their equipment is getting stuck, their cargo is getting stuck at these inland places.”
The shared-space distribution model is designed to shorten transit times without adding overhead.
The Class I railway increased its year-over-year net income, revenues and volumes.
Kenneth Wagers is named COO and Troy Cooper is promoted to president.
The companies believe FBX will set the stage for future derivative financial instruments.
Oregon Congressman Pete DeFazio is “hopeful” money will be dispersed from the projected $10 billion Harbor Maintenance Fund balance.
Airfreight tonnage rose by more than 20 percent, with strong growth recorded for exports from North America.
The Hong Kong-based ocean carrier projects an annual cost savings of $10 million from improved network operations and efficiency.
The second phase of development will increase port capacity by 21 million TEUs by 2027.
Supporters and opponents address proposed changes to labor law.
The self-driving truck startup is striving to deliver dock-to-dock level 4 automation for commercial trucks carrying cargo in the United States and China and has expanded into the port autonomous […]
Fueled mostly by increased e-commerce, Frank Appel says the global logistics services provider is on track to reach an operating profit of U.S. $6.1 billion.
Canadian National posted a net income of C$741 million on revenues of C$3.2 billion for the quarter, down 16 percent and 0.4 percent year-over-year, respectively.
The containership owner and operator said Mark Chu, its general counsel and chief operating officer, will step down effective Aug. 31.
All three of the major container carrier alliances now offer weekly service to the British Columbia port.
Massterly picks managing director and chairman and UPS appoints west region president, while APS Stevedoring names sales and marketing manager and Air Partner hires managing director for its regulatory and […]
The National Marine Fisheries Service on Tuesday announced it will require compliance with reporting and recordkeeping rules of the Seafood Import Monitoring Program beginning Dec. 31.
Results of Endangered Species Act reviews for five species could determine whether endangered and threatened species will remain subject to import and export restrictions.
The U.S. Department of Transportation has opened applications for $1.5 billion in discretionary grant funding through the newly rebranded Better Utilizing Investments to Leverage Development (BUILD) Transportation program.
The final ruling clarifies the process for submitting Kimberley Process Certificates, which must accompany clean diamond exports and imports.
Some carriers allegedly are modifying cargo contract terms because of a lack of trucks at inland locations.
The Class I railway on Friday tendered final offers to the bargaining committees of two unions to renew collective agreements, averting potential strikes that were scheduled to kick in Saturday.
American Association of Port Authorities tells U.S. Trade Representative Lighthizer that sanctions could hurt jobs at ports, tax revenues.
The global logistics software provider, which has made more than a dozen acquisitions since January 2017, unveiled an additional three on Monday, expanding its presence in Latin America and Europe.
The Treasury Department’s Office of Foreign Assets Control on Monday said U.S. companies with business ties to the recently sanctioned aluminum producer and its subsidiaries will have until Oct. 23 […]
The 24-year-old Texas-based company provides logistics and information technology services to rail shippers and short lines.
The Jacksonville Port Authority has named an interim chief financial officer, while Roadrunner Transportation Systems promotes president to the board.
Foreign companies want to invest in U.S. marine terminals, but they face government scrutiny that could curtail or even block their efforts altogether.
Chinese telecom firm ZTE says the Commerce Department’s latest embargo will “severely impact the survival and development” of the company as well as cause harm to its U.S.-based partners.
The February reading of FTR’s Trucking Conditions Index, along with steadily increasing orders for Class 8 trucks and trailers, “reflects an environment for carriers that has never been better,” according […]
Wall Street analysts tracking the Class I railroad said the $639 million still fell short of expectations.
Officials from the French Atlantic port have proposed more than 500 million euros (U.S. $613.5 million) in investments following a 14 percent increase in container traffic in 2017.
But Vietnam’s national shipping company sees growth ahead after public stock offering this summer.
Turkey-based Yilport Holding has started the first phase of dredging the channel to Ecuador’s marine terminal, which it took over in March 2017.
Report says the government will place orders for 200 vessels over the next three years.
The intermodal equipment provider and chassis pool operator has joined the Blockchain in Transportation Alliance (BiTA), an organization dedicated to the development of blockchain for the freight transportation industry.
Matthew M. Sturges formerly was majority staff director for the House Transportation and Infrastructure Committee.
The U.S. Justice Department said Christopher M. Holbrook used excessive force against an individual in Las Cruces, N.M., and then falsified his report.
The Los Angeles Harbor Commission appoints a new president and the Port of Vancouver USA hires a director of economic development, while Acuitive Solutions names its chief operating officer.
The French container carrier and shipping company announced Friday that it had reached a deal to acquire an equity stake of nearly 25 percent of the global logistics company.
The French container carrier and shipping company announced Friday that it had reached a deal to acquire an equity stake of nearly 25 percent of the global logistics company.
Amid posting a 19.3 percent year-over-year drop in net earnings, the Class I railway faces a “potentially devastating” work stoppage.
AutoMobile International Terminal’s vehicle processing roll-on/roll-off facility is expected to be completed by the end of 2019.
The shipping analyst said shipments of soybeans from the United States to China were down by 18 percent or 2 million tons in first two months of 2018.
San Francisco’s Red and White Fleet is running on a biofuel made at a Singapore refinery.
Sweden-based West Atlantic Group will operate the plane, which it expects will “improve reliability, lower aircraft operating costs and provide a better environmental footprint.”
