Danish shipping giant A.P. Møller-Maersk narrowed its overall loss to $1.16 billion for 2017, a year in which it divested its energy businesses and acquired container carrier Hamburg Süd.
The U.S. goods and services deficit jumped 12.1 percent to $566 billion in 2017, its highest level since 2008, according to the most recent data from the Commerce Department’s Bureau of Economic Analysis […]
Jianhua “Jeff” Li had received payments totaling over $1.1 million in sales proceeds from his participation in a scheme to smuggle counterfeit Apple iPhones and iPads from China into the […]
The Owner-Operator Independent Drivers Association had requested the exemption from the electronic logging device mandate for small trucking businesses with “exemplary” safety records back in November.
Total U.S. rail volumes were relatively steady in January 2018, as a 3.4 percent year-over-year decline in carloads was offset by a 3.5 percent increase in intermodal traffic, according to […]
Taiwanese ocean carrier Evergreen Marine Corp. on Thursday entered an agreement with Samsung Heavy Industries to construct eight 11,000-TEU containerships, with deliveries starting in early 2020.
German business associations say they are fed up with an increase of cargo thefts throughout Germany and have launched a joint initiative to fight back.
UPS has started an international guaranteed midday freight delivery service for cargo originating in 71 countries and shipped to 35 destination countries.
Freight forwarder Gebrüder Weiss has expanded its home delivery service beyond Austria to include the Czech Republic, Croatia, Hungary and Slovakia.
The LTL, last-mile and third-party logistics provider’s performance was boosted by strong economic growth in the United States and Europe, booming e-commerce volumes and $2.8 billion in new business, CEO […]
The annual growth in total North American intermodal shipments was helped by a strong fourth quarter in which volumes grew 5.8 percent year-over-year, according to recent statistics from the Intermodal […]
The Class I railway said the largest component of its 2018 capital investment plan will be to replace and maintain its core network and related assets.
SEKO Logistics appoints vice president of global airfreight, Port Tampa Bay hires VP of finance, and Evans Distribution Systems name IT director.
The Dow Jones Transportation Average (DJTA) slipped 3.2 percent to 10,350.41 on Monday and continued to fall in early morning trading on Tuesday after reaching an all time high in […]
The $419 million deal will see Kirby Corp. absorb Higman Marine’s transportation fleet of 159 inland tank barges with 4.8 million barrels of capacity, and 75 inland towboats, according to […]
Chen Zhu, general manager of COSCO Shipping Lines in Pakistan, was shot and killed in what local authorities are calling a “targeted attack,” according to multiple media reports.
Warren, Mich.-based Universal Logistics Holdings, Inc. acquired Fore Transportation for $34.9 million, subject to customary post-closing adjustments.
Hong Kong-based containership lessor Seaspan Corp. expects to take delivery of the second of two 2006-built container vessels by the end of the month and charter them to Danish ocean […]
The German ocean carrier said it believes it’s important for it to have its own office in Tema with the development of its West Africa services, which call at Tema.
Ocean carrier APL is joining CNC Line’s intra-Asia JTXCNC loop from Tokyo on Feb. 27.
The third-party logistics provider has recently relocated the headquarters office for its Iberian operations to a new location in Madrid.
U.S. Reps. Jeff Denham, R-Calif., and Michael Capuano, D-Mass., said they look forward to hearing how efforts are coming along on the implementation of positive train control, which can prevent […]
Transportation and logistics companies added 11,100 jobs for the month following a revised 11,600-job gain in December 2017, according to recent preliminary data from the U.S. Department of Labor.
Drayage provider RoadOne IntermodaLogistics has effectively acquired intermodal trucking operator Robin Hood Container Express, it’s third such acquisition in the past 18 months, the company said in a statement.
The German ocean shipping company has completed the acquisition of 100 percent of the business shares in E.R. Schiffahrt GmbH & Cie. KG.
The 6,350-TEU MOL Prestige experienced an engine room fire last Wednesday in the Gulf of Alaska at approximately 9:00 p.m. standard time while en route to Tokyo.
Dutch non-profit port community organization Portbase is partnering with PORTRIX LOGISTIC SOFTWARE to deliver the latter’s verified gross mass (VGM) application to its customers in the Netherlands, the companies said […]
Specialist African ocean carrier NileDutch is working with Transmetrics, a tech startup that provides predictive logistics solutions, in an effort to streamline the firm’s empty container flows and increase efficiency.
Calgary-based Class I Canadian Pacific Railway (CP) has opened its new Asia home base in Shanghai in an effort to further build its book of business, as well as strengthen […]
The Atlanta-based parcel giant will start a daily, non-stop flight on Feb. 27 from its Louisville, Ky. hub to Dubai.
RightShip appoints new CEO; KAG Logistics hires EVP of logistics, chemical and specialty products, senior director of business development, and director of logistics solutions; and Stimson Center names managing director.
The Atlanta-based parcel giant and third-party logistics provider has announced an additional $12 billion in investments in its Smart Logistics Network and pension funding.
The mid-Atlantic port on March 1 will commence the roll out of its motor carrier appointment system, dubbed “PRO-PASS TRS,” at Norfolk International Terminals (NIT) and will migrate it to […]
Container volumes at the Port of Philadelphia (PhilaPort) grew 19 percent year-over-year in 2017, the fastest rate of any U.S. East Coast port, according to a statement from the port.
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all increased since last week, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
The port is enhancing its entire 42-kilometer port area – from the City of Rotterdam all the way into the North Sea – with IBM Internet of Things (IoT) technologies […]
Often referred to as the “father of the Chinese container shipping industry,” Li Kelin passed away Feb. 1, 2018 in Shanghai, according to a statement from China COSCO Shipping.
The mid-Atlantic port handled a record 596,972 containers during 2017, an 11 percent increase over its previous high-water mark of 538,567 containers set the year before.
The container terminal operator handled 14.41 million TEUs in 2017, a 1.4 percent decline from the prior year.
Cargo Network Services has appointed Michael White to serve as president, succeeding Lionel van der Walt, who left the organization earlier this year to become executive vice president and CEO […]
U.S. Customs and Border Protection is transforming revenue collection at ports of entry from hard currency and paper check, to online and electronic options through its Revenue Modernization Program.
The finding from the International Trade Commission (ITC) of no domestic injury from large civil aircraft from Canada will prevent the U.S. government from moving forward with hefty duties on […]
The U.S. Treasury Department’s Office of Foreign Assets Control has added five more North Korean shipping companies and their vessels to its growing sanctions list.
Businessman Peter Zuccarelli was sentenced by a U.S. district judge this week to 46 months in jail for his role in conspiring to smuggle and illegally export hardened integrated circuits […]
The Atlanta-based parcel giant posted a net income of $4.9 billion for the full year on revenues of $65.9 billion, year-over-year increases of 30.1 percent and 8.2 percent, respectively, according […]
The Atlanta-based parcel giant’s additional order for 14 more 747-8 and four 767 freighters was fueled by increasing customer demand for air cargo capacity.
Now North America’s largest provider of truckload services, Knight-Swift Transportation Holdings recorded a net income of $447.6 million on revenues of $1.4 billion for the quarter, according to the newly […]
Hyundai Merchant Marine will transport 10 million tons of crude oil from the Middle East to South Korea over a period of five years, from July 1, 2019 through Aug. […]
Jeff Miles, who recently worked as a senior executive with the North Carolina State Ports Authority and a native Indianan, will serve as director of the Port of Indiana-Jeffersonville.
U.S. Chamber of Commerce adds two to International Affairs division; Hoyer Group appoints chief financial officer; CEVA hires managing director for UK, Ireland and Nordics; and CSafe Global names two European […]
The Japanese logistics company and its numerous subsidiaries operate in 44 countries across the globe, with its foothold in the United States dating back to 1962.
NYK Line, MOL and “K” Line, which will combine forces April 1 as the Ocean Network Express (ONE), all turned a profit during the nine months ended Dec. 31 after […]
During Tuesday evening’s State of the Union address, President Donald Trump called on Congress to develop legislation that generates at least $1.5 trillion for new infrastructure.
Global air cargo demand rose 9 percent last year, more than double the 3.6 percent annual growth recorded in 2016, according to the latest data from the International Air Transport […]
Despite C.H. Robinson’s full-year net income slipping 1.7 percent from 2016, in the fourth quarter alone, the third-party logistics provider’s net income surged 24.7 percent from 2016’s fourth quarter.
Uffe Ostergaard, who has experience working at United Arab Shipping Co. and Maersk, will officially succeed Wolfgang Freese as Hapag-Lloyd’s North America president on April 1.
Tiger Cool Express appoints chief commercial officer and executive vice president of operations, FedEx names president of FedEx Express Europe and CEO of TNT, DACHSER promotes COO of air and […]
At the existing pace of bridge repair and replacement work, it will take 37 years to remedy all the nation’s current structurally deficient bridges, according to a report released by […]
Omaha, Neb.-based trucking operator and logistics provider Werner Enterprises saw its fourth quarter and full-year net income spike 547 percent and 156 percent, respectively, thanks in part to a $110.5 […]
Shipment volumes for the month slipped 0.3 percent from November, but were up 7.2 percent compared with December 2016, while expenditures were up 0.3 percent sequentially and 16 percent year-over-year, […]
The Mediterranean seaport saw container volumes and total cargo traffic jump 32.3 percent and 26 percent, respectively, from 2016 levels.
UPS chief commercial officer retires; Union Pacific names western regional vice president; and CFI promotes new president, and hires senior vice president of sales and operations.
Robert Mottley’s larger-than-life presence, irresistible charm and sense of humor eased both anxious and reserved shipping executives during interviews, and allowed them to discuss their businesses, as well as careers, […]
The Memphis, Tenn.-based parcel giant’s decision to increase workforce compensation by more than $200 million, effective April 1, was fueled by the recently passed U.S. Tax Cuts and Jobs Act.
Global economic output is estimated to have grown 3.7 percent last year and is projected to accelerate to 3.9 percent in 2018 and 2019, according to the International Monetary Fund’s […]
United States gross domestic product increased at an annual rate of 2.6 percent in the fourth quarter of 2017, according to the “advance” estimate from the Department of Commerce, down […]
The Dubai-based port terminal operator has joined with India’s National Investment and Infrastructure Fund (NIIF) to increase investments in the country’s ports, terminals, transportation and logistics businesses.
The French ocean carrier will place the 20,600-TEU Antoine de Saint Exupery on its Asia-North Europe FAL 1 loop on Feb. 6.
The collaboration will see the big box retailer Walmart and Japanese e-commerce marketplace Rakuten team up to launch an online grocery delivery service in Japan, and offer eBooks and audiobooks […]
The growth in container transport volumes helped Orient Overseas Container Line increase its liner revenues 15.4 percent compared with the previous year, according to the Hong Kong-based ocean carrier’s most […]
The Airforwarders Association (AfA) and The International Air Cargo Association (TIACA) have signed an agreement that will see the two groups cooperate on air cargo matters and mutually promote each others’ services.
CMA CGM hires group senior vice president of IT and transformations, while Port of Stockton elects new chair and vice-chair for 2018, and Intermarine names Mexico country manager.
The board of directors of Jacksonville, Fla.-based Class I railroad CSX will vote Feb. 7 on a resolution that would require its chief executive to receive annual physical examinations, according […]
Railroad industry associations from the United States, Canada and Mexico sent a rare joint letter to their respective trade negotiators as the latest round of discussions over a new North […]
The nearly 30-year old group, which once represented the major liner carriers that move nearly all container cargo between the Far East and the United States, will officially cease operating […]
Jacksonville Port Authority (JaxPort) selects chief operating officer, while Norfolk Southern (NS) names executive vice president and chief legal officer.
The U.S. Justice Department said Yi-Chi Shih and Kiet Ahn Mai were arrested on Jan. 19 and subsequently charged with illegally obtaining technology which they in turn exported to China […]
Montreal-based Class I railroad Canadian National (CN) saw its net income spike 156 percent for the quarter to $2.61 billion Canadian (U.S. $2.11 billion) compared with the same 2016 period, […]
The U.S. Federal Aviation Administration has proposed a $54,000 civil penalty against True Value Co. of Jonesboro, Ga. for allegedly violating federal hazardous materials regulations for air transport.
TECSYS hires chief marketing officer; NAVTOR names chief technology officer; Alliance Shippers appoints president and CEO; Direct ChassisLink hires chief strategy officer; and Dachser appoints chief operations officer.
U.S. District Judge Marcia Morales Howard has denied a motion from the non-profit St. Johns Riverkeeper for a preliminary injunction against JaxPort and the U.S. Army Corps of Engineers, allowing […]
Ports on the U.S. East and Gulf coasts have been nabbing market share from their West Coast counterparts for the last five years, but that trend accelerated last year following […]
AirBridgeCargo Airlines (ABC) carried over 700,000 metric tons of cargo last year, a 13 percent increase from 2016, the all-cargo airline said in a statement.
A group of leading environmental and maritime shipping organizations have called for the prohibition of transporting non-compliant marine fuels once the global 0.5 percent sulfur cap takes effect in 2020.
Intermodal pricing rose 4 percent in December compared with the same 2016 period, and that growth looks poised to continue into 2018, according to the latest Cass Intermodal Price Index.
Domestic truckload pricing jumped 6.2 percent for the month compared to December 2016, the ninth consecutive month of year-over-year gains, according the latest Cass Truckload Linehaul Index.
The Class I railway revealed that for 2018, it is planning to invest between C$1.35 billion and C$1.5 billion in capital programs, and is expecting mid-single-digit revenues growth.
The New Super 1 will sail between Japan, Hong Kong, China, Singapore and Vietnam, utilizing four vessels and a total rotation time of 28 days round.
U.S. Customs and Border Protection is finding itself increasingly in the mix as a regulatory agency for exports as well as imports, according to Megan Montgomery, executive vice president of […]
A Government Accountability Office report released Wednesday revealed that U.S. Customs and Border Protection airport officials have not verified licenses for some radiological imports and its processes do not ensure […]
The International Narcotics Trafficking Emergency Response by Detecting Incoming Contraband with Technology (INTERDICT) Act requires U.S. Customs and Border Protection to increase the number of chemical screening devices available to […]
Mark Lambert, former co-president of a Maryland-based company specializing in nuclear materials transportation, was indicted for his alleged role in bribing officials connected with Russia’s State Atomic Energy Corp.
The U.S. Commerce Department has taken up antidumping and countervailing duty investigations into decorative ribbon imports from China on behalf of a Pennsylvania manufacturer of these products.
In addition to handling a record 2.2 million TEUs in 2017, South Carolina Ports Authority has various projects underway, some of which will be completed in 2018.
The temporary speed restriction in the western Gulf of St. Lawrence was lifted because there have been no sightings of North Atlantic right whales in the area of the slowdown […]
The Miscellaneous Tariff Bill Act (H.R. 4318), which has now moved to the Senate for approval, promises to eliminate $1.1 billion in import tariffs during the next three years and […]
Seabury Maritime PFRA appointed managing director, advisory; Hong Kong Air Cargo Terminals Ltd. selected next chief executive; and Truckstop.com named vice president of small and medium business sales.
The U.S. maritime regulator outlined a plan identifying certain regulations under its purview that are suited for reform or elimination, and has adjusted its penalty amounts in line with inflation.
