Global port terminal operator International Container Terminal Services’ (ICTSI) net income totaled $45.7 million for the quarter, a 16 percent drop from the third quarter of 2016, according to the […]
The Maritime and Port Authority of Singapore has rescinded the bunker supplier and bunker craft operator licenses of Transocean Oil Pte Ltd, MPA Singapore said in a statement Monday.
The Houston-based tank barge operator performed better than expected during the quarter as several tailwinds more than offset the negative impacts from hurricanes, according to president and chief executive officer […]
Japan was the leading market for U.S. beef exports in terms of volumes and value during the month, despite its recent duty rate increase on imports of frozen U.S. beef.
The International Chamber of Shipping (ICS), which represents shipowners’ associations covering more than 80 percent of the world’s maritime fleet, says the elimination of carbon emissions from oceangoing vessels is […]
The Jacksonville, Fla.-based Class I railway may be backing away from its previously announced plans to develop an intermodal rail terminal neat Rocky Mount, N.C., according to multiple media reports.
Florida’s leading perishables seaport also welcomed the first shipment of Colombian Hass avocados into the United States on Monday.
The French ocean carrier reveled its nine future 22,000-TEU containerships, all of which are slated for delivery in 2020, will be equipped with engines that will run primarily on liquefied […]
A study commissioned by the U.S. Grains Council and National Corn Growers Association found that U.S. grain exports exports supported $55.5 billion in economic output in 2015, with the top […]
Air Menzies International gains new CEO; Kalmar appoints senior vice president, global terminal operators; VARGO hires systems engineer; and Wen-Parker Logistics adds new member to its board of directors.
The U.S. trade deficit totaled $43.5 billion for September, a 1.7 percent increase from August, as rising exports were offset by an even higher increase in imports.
The global third-party logistics provider recorded net profits of 17.8 million Kuwaiti dinars (U.S. $58.8 million) on revenues of KD 358.5 million for the quarter, increases of 17.4 percent and […]
The independent tanker company recorded a net loss of $28.1 million or the third quarter of 2016 due primarily to an oversupply of tonnage coupled with new vessel deliveries, according […]
MTC Logistics appoints chief information officer, general managers and plant manager; while the U.S. Meat Export Federation (USMEF) elects new officer team.
With no agreement to diffuse the long-running trade battle between the United States and Canada over softwood lumber, the U.S. Commerce Department said it will proceed with imposing antidumping and […]
Carrier consolidation and the deployment of larger containerships, coupled with lagging infrastructure has created significant issues for North American terminals, according to a new report from consulting firm AlixPartners.
Spot container rates increased on trades from Shanghai to the United States, Europe and the Mediterranean since last week, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
The PortMiami Perishables Committee, which represents the region’s bustling fruits and vegetable import industry, has asked the nation’s top agricultural official to intervene in turning back significant federal treatment fee […]
Given a shift in focus to include growing partner government agency (PGA) controls, perhaps the term “customs broker” has become a misnomer in terms of the realities of the job, […]
Less-than-truckload (LTL) holding company YRC Worldwide Inc.’s net income tumbled 78 percent from the third quarter of 2016, although the company did manage to boost revenues and lower its outstanding […]
The U.S. Federal Maritime Commission (FMC) has set up a new page on its website to provide the public with updates on its regulatory reform initiative.
Maersk Container Industry selects new chief executive officer; Glander International Bunkering appoints managing director of its Norway office; and Gebrüder Weiss names country manager, air and sea Germany.
The Jacksonville, Fla.-based Class I railway will not be moving forward with a project that would have allowed the tunnel, which connects to the Port of Baltimore, to accommodate double-stacked […]
Driven by top line sales growth and a booming e-commerce market, the roll-up trucking and third-party logistics provider reported the highest revenues, net income and cash flow of any quarter […]
The National Waterways Foundation (NWF), in cooperation with the U.S. Maritime Administration (MarAd), released a study that examined the economic impacts of unscheduled lock outages and highlighted the benefits associated […]
The Port of Oakland’s board of port commissioners names board secretary; and Selandia Ship Management appoints chairman.
Container carrier reliability stood at just over 72 percent in September, marking the third straight month of declines, according to Lars Jensen, chief executive officer and partner at SeaIntelligence Consulting.
The Hong Kong-based containership leasing giant has also appointed Bing Chen to serve as its next chief executive officer, effective January 2018, following the retirement of co-founder and longtime CEO […]
Jack Hellmann, chairman, president and CEO of short-line and regional railroad operator Genesee & Wyoming, said the company is continuing to evaluate various acquisition and investment opportunities across its global […]
Seaspan names new chief executive officer; Wen-Parker Logistics appoints key account manager and director of finance; and ContainerPort Group President passes away.
The U.S. Army Corps of Engineers has awarded a second $213 million contract to Great Lakes Dredge and Dock Co. to carry out the remaining dredging of Charleston Harbor’s entrance […]
In other news, China COSCO Shipping’s tanker unit, COSCO Shipping Energy Transportation, will order 14 tankers, according to a report from maritime news outlet Splash 24/7.
NYK Line and “K” Line got back into the black during the six months ended Sept. 30 after posting losses in the same 2016 period, while MOL’s earnings took a […]
Between Amazon’s rapid growth and unpredictability, third-party logistics providers say it is definitely a looming concern as to whether the e-commerce giant will be a threat to their business in […]
The North Atlantic port handled 573,458 TEUs in September, a 15.2 percent increase from 12 months prior, back when 18,000-TEU ships were not able to sail beneath the Bayonne Bridge.
Germany’s Finance Ministry said in a document that a complete or partial sale of Schenker AG, the logistics arm of state-owned rail operator Deutsche Bahn, could be taken up again, […]
Chicago-based freight broker and third-party provider Echo Global Logistics recorded a net income of $2.4 million on revenues of $509.5 million for the quarter, according to the company’s most recent […]
The Jacksonville, Fla.-based asset-light provider of integrated transportation management solutions recorded earnings per share (EPS) of $1.01 for the quarter, surpassing the street consensus estimate and Q3 2016’s EPS of […]
The North Liberty, Iowa-based trucking and logistics provider recorded a net income of $7.9 million on revenues of $182.1 million for the quarter, according to the company’s most recent financial […]
On the Shanghai to Europe trade, spot container rates have finally stopped their weeks-long slide, rising 9.3 percent since last Friday to $744 per TEU as multiple carriers plan to […]
The Class I railway recorded a net income of $1.2 billion for the quarter, up 6 percent year-over-year, amid a 5 percent boost in operating revenues that came despite a […]
Global Logistic Properties (GLP) has dispatched to shareholders the scheme document in relation to the company’s proposed privatization and expects a full vote on the plan at a Nov. 30 […]
Sen. Bob Corker, chairman of the U.S. Senate Finance Committee, said it’s time to dismantle the longtime regulation that requires at least 50 percent of the nation’s overseas-bound food aid […]
The departments of Commerce and Homeland Security have entered an agreement to work together to facilitate international e-commerce and strengthen enforcement of U.S. customs laws related to these shipments.
Senate Finance Committee Chairman Orrin Hatch called acting Customs and Border Protection Commissioner Kevin McAleenan “one of the best witnesses to come before the committee in a long time” and […]
China COSCO Shipping’s port terminal operator arm increased profits 53 percent for the quarter as throughput and revenues rose from the third quarter of 2016.
The integrated freight matching and transportation execution platform that originally launched for carriers and shippers has expanded to include third-party logistics providers (3PLs) and brokers.
The Commerce Department has preliminarily determined that steel wire rod from Italy, South Korea, South Africa, Spain, Turkey, Ukraine and the United Kingdom are being dumped on the U.S. market […]
In addition to Brad Jacobs, CEO of trucking and roll-up third-party provider XPO Logistics, the Containerization & Intermodal Institute (CII) will also recognize the Port Authority of NY & NJ […]
CargoLogicAir appoints new CEO, while TIACA names chairman and vice chairman, and the Intelligent Transportation Society of America appoints new president and CEO.
The Interagency Committee on Trade in Timber Products, which was stood up as part of the U.S.-Peru Trade Promotion Agreement, has ordered CBP to block shipments from Inversiones Oroza after […]
U.S. government regulators have found no antitrust violations with the proposed merger between liner carriers COSCO Shipping and Orient Overseas (International) Ltd., according to a joint statement released on Monday […]
The North Florida port’s public seaport terminals experienced record growth in containerized cargo, as well as vehicles and overall tonnage for the 2017 fiscal year, which ended Sept. 30.
Port Freeport names CFO; Jaxport’s board of directors elects new officers; ACI selects chairman and vice-chairman of the ACI World governing board; and the Virginia Department of Rail and Public […]
Container shipments from North Europe to North America have picked up in 2017 thanks to Mexico’s growing demand for auto parts, according to a recent analysis from shipping research and […]
The Belgian port handled 167.1 million metric tons of cargo during the first nine months of the year, fueled by growth in the container, liquid bulk, conventional breakbulk and roll-on/roll-off […]
Earnings per share at GATX for the quarter surpassed analyst expectations despite declining from last year, as challenging conditions persist in the North American railcar leasing market.
Grapevine, Texas-based construction equipment manufacturer Kubota Tractor Corp. will purchase 203 acres at Edgerton, Kans., on which it will construct its new North American logistics operation, the company said in […]
Since last week, spot container rates from Shanghai to Europe, the Mediterranean and the U.S. have all declined, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
The Omaha, Neb.-based transportation and logistics services provider’s net income increased 19 percent year-over-year during the quarter to $22.5 million amid an improved freight market, according to Werner Enterprises’ most […]
The temperature-sensitive truckload carrier recorded a net income of $7.9 million for the quarter, falling 6.9 percent from the same 2016 period, according to Marten Transport’s most recent financial statements.
Liner carriers APL and Cheng Lie Navigation (CNC Line) will launch the Korea China Straits (KCS) service on Nov. 18, which will deploy five Panamax vessels.
Sections of the long-haul and drayage trucking communities are still unprepared for implementation of the fast approaching federal mandate to install electronic logging devices (ELDs) on all commercial trucks and […]
The Swiss-based freight forwarder recorded a consolidated profit of CHF 48.4 million (U.S. $49.6 million) and net forwarding revenues of CHF 4.1 billion during the first nine months of 2017, […]
The Class I railway has discontinued various direct lanes for intermodal freight that originated or terminated in Columbus, Ohio and Detroit, Mich. as part of its transition to new CEO […]
The Southwest Washington state port has entered into an agreement to lease its Bridgeview Terminal to Philadelphia-based commodities distributor International Raw Materials, which plans to to make Longview it flagship […]
E. Hunter Harrison, president and chief executive officer of CSX, said the Jacksonville, Fla.-based Class I railway’s results for the quarter reflected “the resiliency of precision scheduled railroading.”
Class I railway Canadian Pacific’s (CP) net income for the quarter surged 47 percent year-over-year to $510 million Canadian (U.S. $408 million) amid higher revenues and volumes, according to the […]
A new deep-water port will be constructed in Anaklia, Georgia, located along the eastern Black Sea, according to the Anaklia Development Consortium.
Ports along the St. Lawrence Seaway handled 24.3 million metric tons of cargo between March 20 and Sept. 30, an increase of nearly 3 million metric tons over the same […]
DB Cargo AG CEO to resign at the end of October; LOC Group appoints CEO and group deputy chairman; and KCS names vice president, health, safety and environmental.
South Korean ocean carrier Hyundai Merchant Marine (HMM) will offer 120 million new shares at 5,780 won each, according to a report from the Korea Times.
South Carolina Ports Authority handled 539,995 TEUs during the first quarter of its 2018 fiscal year, which ran from July 1 through Sept. 30, up nearly 4 percent year-over-year.
BBC Chartering and Jumbo, two of the world’s largest heavy-lift vessel fleet operators, have entered into an alliance that will allow the companies to jointly bid for shipper’s cargoes.
The industrial real estate development and management firm began construction on the CenterPoint Logistics Center-O’Hare on the southern edge of Chicago’s O’Hare industrial submarket.
Cargo demand between Asia and the Mediterranean grew 5.7 percent for the first eight months of the year, which has encouraged carriers to deploy larger ships on the trade, according […]
The North American bulk liquid storage and logistics services provider secured 339 acres of deep-water access property on the Houston Ship Channel to build the automated terminal facility.
The Swiss-based third-party logistics provider saw earnings and net turnover increase year-over-year for the third quarter and for the first nine months of 2017.
Chicago-based freight visibility software provider FourKites has integrated with RevenovaTMS to extend its real-time tracking offering to Revenova’s customers.
The Port of Seattle names managing director, maritime division; and GE appoints new chief executive officer of GE Transportation.
Meanwhile, ExxonMobil recently released a survey illustrating how the route to compliance with the International Maritime Organization’s 2020 limit on the amount of sulfur allowable in marine fuel is still […]
The Port of Oakland posted record operating revenues for the fiscal year, which ended June 30, thanks to higher operating revenues in all three of its business lines – aviation, […]
Spot container rates from Shanghai to Europe have been continuously declining since the end of August, while on the Shanghai to Mediterranean trade, they have been falling since the end […]
The first Boeing 777 freighter of Qatar Airways Cargo’s newest U.S. destination landed in Pittsburgh International Airport on Thursday and promises twice-weekly service with 200 tons of weekly capacity.
The chassis leasing company extended its Inland Premium Pool, a reservation-based supply of premium DCLI chassis equipment that was first launched in Los Angeles/Long Beach, to the south side of […]
FIATA announces election results; Saltchuck selects Young Brothers president to lead its Hawaii business initiatives; and the Transportation Institute at the University of Denver’s board of directors elects new chair.
E. Hunter Harrison, president and chief executive officer at CSX, said during a hearing Wednesday that the Class I railroad has improved performance, but various shippers at the hearing expressed […]
President Donald Trump spoke to a group of truck drivers and carriers on Wednesday in Middletown, Pa. about the benefits of his tax reform plan, which is backed by strong […]
Indiana Gov. Eric Holcomb appoints members to Ports of Indiana Commission, and VARGO hires a quality assurance and support professional.
As trade negotiators for the United States, Canada and Mexico are meeting this week to begin the fourth round of the North American Free Trade Agreement (NAFTA) renegotiations, industry leaders […]
Ports covered by the National Retail Federation’s (NRF) Global Port Tracker handled 1.8 million TEUs in August, the highest monthly volume recorded since the NRF began tracking imports in 2000.
The Danish shipping conglomerate on Tuesday completed the sale of its shares in its Maersk Tankers subsidiary to APMH Invest, a subsidiary of A.P. Moller Holding.
The Arleigh Burke-class guided-missile destroyer’s commanding officer and executive officer were relieved of their duties Wednesday, following its collision with a merchant vessel on Aug. 21, which claimed the lives […]
Christopher Victor Grupe, a former employee of Canadian Pacific Railway (CP), has been convicted of causing intentional damage to the railroad’s computer system, according to a statement from the U.S. […]
iContainers names director of sales and operations of its Barcelona office; and ShipServ appoints senior vice president, business development.
U.S. Chamber of Commerce CEO Thomas Donohue told attendees at the U.S.-Mexico CEO Dialogue the “trilateral commercial relationship [of NAFTA] is far too valuable to American businesses, workers, and economic […]
Integrating the International Air Transport Association’s Cargo-XML system with World Customs Organization’s Cargo Targeting System will allow airlines and customs agencies to more efficiently communicate and evaluate risks associated with […]
General Motors Co. has acquired light detection and ranging (LIDAR) technology company Strobe, Inc., and as part of the deal, Strobe’s engineering talent is joining GM’s Cruise Automation team to […]
The Atlanta-based parcel giant started contract negotiations with the International Brotherhood of Teamsters on new collective bargaining agreements.
The number of fatalities involving large trucks in the United States totaled 4,317 in 2016, a 5.4 percent increase from 2015, according to a recent report from the Department of […]
