The Taiwanese ocean carrier will charter 10, 11,000-TEU ships and purchase 10, 2,800-TEU ships to replace outgoing vessels in its current fleet over the course of the next few years.
“Eagle GO. Guaranteed” service, which is designed to protect shippers from having containers “rolled” to the next voyage, is expanding from four to 29 Asian origin ports.
Although overall cargo tonnage through the port inched up a modest 1.7 percent in 2017 from a year prior, container tonnage rose 10.9 percent.
Pioneering Sea-Land executive John R. Pyron was tasked in 1968 with convincing American shippers to use the country’s first commercial container service in the transpacific, and the company and trade […]
The Chinese e-commerce giant has entered into agreements with investors – including Hillhouse Capital, Sequoia China, China Merchants Group, and Tencent, among others – for the financing of its supply chain and distribution subsidiary, […]
The European Union’s international trade in goods surplus narrowed 28 percent to 25 billion euros (U.S. $31.1 billion) last year, as a 7.7 percent increase in exports was offset by […]
Short-line and regional railroad operator Genesee & Wyoming has entered into a strategic partnership with short-haul and drayage trucking platform provider Cargomatic.
House Transportation and Infrastructure Committee member Alan Lowenthal, D-Calif., told American Shipper that Trump’s plan resembles a “skeleton” with “no meat on it,” in contrast with the House Sustainable Energy […]
The Department of Homeland Security is proposing $1.6 billion to drive construction of 65 miles of new southern border walling, and $1.9 billion for Coast Guard recapitalization to “secure maritime […]
The Campaign for Accountability (CfA) alleges that Heath Hall, who recently resigned as deputy administrator of the Federal Railroad Administration (FRA), violated criminal law by making false claims about receiving […]
SeaIntel Maritime Analysis highlighted how utilization and rates on both the Transpacific and Asia-Europe container trades fell in late 2017 when carriers failed to limit capacity.
The trucking trade group has petitioned the agency to allow drivers to stop their 14-hour clock to take a rest break for up to three straight hours, and to eliminate […]
The e-commerce giant is partnering with Berkshire Hathaway and JPMorgan Chase to create a new company that aims to reduce healthcare costs for their U.S. employees, the firms said in […]
Federal Railroad Administration Chief Counsel Juan Reyes on Thursday defended his agency’s enforcement of positive train control, an anti-crash technology railroads are expected to implement by Dec. 31, 2018.
Despite the Southern California port’s container volumes falling 2 percent in January 2018 from 12 months prior to 808,728 TEUs, it was only the seventh time it had eclipsed the […]
U.S. Customs and Border Protection processed $2.39 trillion in imports during the year, with the number of imported cargo containers at U.S. ports of entry totaling over 28.5 million, a […]
The port said its increase in exports, which increased 2.1 percent to 74,883 TEUs, were boosted by a weak dollar.
Lower sulfur fuel is expected to reduce deaths and illness from small particulate matter, but its use could also contribute to global warming.
The U.S. Senate confirmed Ronald Batory as administrator of the Federal Railroad Administration and Ray Martinez as administrator of the Federal Motor Carrier Safety Administration.
The Japanese shipping company revealed Tuesday that employees at its car carrier unit subsidiary in China may have “committed unlawful expenditure or embezzlement.”
The National Transportation Safety Board last week released its final report on the investigation of the El Faro, a cargo ship that sank in October 2015 during Hurricane Joaquin while […]
Lima, Penn.-based third-party logistics provider Pilot Freight Services saw its revenues rise 10 percent year-over-year to $639 million in 2017, according to a recent statement from the company.
A U.S. District Court in Minnesota sentenced a former Canadian Pacific Railway employee to a year in prison on Tuesday for his deliberate attempt to sabotage the company’s computer system.
Terminals operated by Yildirim Group subsidiary Yilport Holding handled 4.3 million TEUs of containerized cargo in 2017, and the firm expects to move 4.73 million TEUs this year, Yilport said […]
Short-line and regional railroad operator Genesee & Wyoming (G&W) posted a net income of $549.1 million for the year, a 289 percent increase from 2016, according to the company’s latest […]
However, the South Korean ocean carrier recorded a deeper net loss for the year, partly due to a 479.5 billion won loss in the book value of 10 containerships sold […]
Demand is poised to outstrip supply in all three segments of the international ocean shipping industry in 2018, but risks of an ill-timed “ordering spree” for new ships remain, according […]
The Hoofddorp, Netherlands-based third-party logistics provider will seek an initial public offering that would value the company at $1.5 billion by April, according to a report from the New York […]
The Southern California seaport handled 657,830 TEUs of containers in January, 12.9 percent more than in January 2017, and an all-time high for the month.
Chicago-based freight broker and third-party provider Echo Global Logistics posted a net income of $13.3 million in the fourth quarter of 2017 compared to a $3 million loss the previous […]
The containership owner recorded a net income of $22.8 million for the quarter, a sharp increase from a net loss of $446.6 million for the fourth quarter of 2016 when […]
Net orders for North American Class 8 trucks in January 2018 jumped 28 percent from the previous month and 116 percent compared with January 2017, according to preliminary data from […]
MSC selects Terminal Investment Limited (TiL) CEO, Port of Redwood City executive director retires, the Suddath Companies appoints president of Global Logistics, and the Chartered Institute of Procurement & Supply […]
Uber CEO Dara Khosrowshahi said that although his company and Waymo parent Alphabet “won’t agree on everything going forward, we agree that Uber’s acquisition of Otto could and should have […]
The Taiwanese shipping company revealed Monday that it has entered into an agreement with Shoei Kisen Kaisha to charter 12, 11,000-TEU containerships.
Upon completion of the merger of Japan’s NYK, “K” Line and MOL, the combined Ocean Network Express (ONE) will begin taking slots on three existing services between Asia and the […]
The latest projection comes as ports covered by the National Retail Federation’s Global Port Tracker handled 1.72 million TEUs of imports in December and 20.5 million TEUs for 2017, year-over-year […]
The South Korean shipbuilder posted a net loss of KRW 572.3 billion for the quarter, compared to a net loss of KRW 351.8 billion for the fourth quarter of 2016.
The United States exported $7.27 billion worth of beef and $6.49 billion worth of pork in 2017, up 15 percent and 9 percent year-over-year, respectively.
The third-party logistics and multi-modal transportation services provider recorded a net income attributable to common stockholders of $3.3 million for its fiscal year 2018 second quarter, which ended Dec. 31, […]
The non-vessel-operating common carrier entered into a partnership with Globelink Aeroceano in Costa Rica and Guatemala, and Sicarga in Panama.
The International Maritime Organization’s Subcommittee on Pollution Prevention and Response has proposed to move forward with banning the transport of non-compliant low-sulfur fuel on board ships when the 0.5 percent […]
While spot rates from Shanghai to Europe and the Mediterranean remained relatively unchanged since last week, rates from Shanghai to the U.S. trades had declined, according to the Shanghai Shipping […]
The Thomasville, N.C.-based less-than-truckload carrier recorded a net income of $463.77 million on revenues of $3.36 billion in 2017, up 56.8 percent and 12.3 percent year-over-year, respectively.
The Southwestern Louisiana port will move forward with dredging its west barge basin after the port authority’s board approved a $1.3 million dredge contract with Coastal Dredging Co.
The cargo operation of Delta Air Lines expanded Pharma 4 to eight additional destinations, giving it 49 pharma stations worldwide, in addition to nine approved facilities in Europe that are […]
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 […]
