The Phoenix, Ariz.-based trucking and intermodal carrier, which recently announced a $6 billion merger with competitor Knight Transportation, saw first quarter net income tumble 83.7 percent year-over-year to $5.2 million.
The Northwest Seaport Alliance handled 334,483 TEUs for the month and 899,295 TEUs so far in 2017, year-over-year increases of 14.2 percent and 10 percent, respectively, according to recent data […]
The four drayage drivers working for XPO Cartage, a unit of XPO Logistics, were issued orders, decisions and awards in their favor amounting to $855,285.62.
CMA Terminals and India’s Adani Ports and Special Economic Zone signed a joint venture agreement to operate a the new CT4 container terminal at the Indian port for the next […]
The U.S. Coast Guard is coordinating with the New York Air National Guard and the Canadian and Portuguese Coast Guards following an explosion and fire on an international bulk carrier […]
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The eastbound lane at Gatun locks will tentatively close for 10 days in May for dry chamber work.
New President and CEO E. Hunter Harrison is wasting no time in getting up to speed at CSX, projecting 25 percent year-over-year EPS growth for 2017, increasing quarterly shareholder dividends […]
Yang Ming’s shares have been suspended on the Taiwan Stock Exchange from last Thursday until May 3 as part of its financial restructuring and reverse stock split.
Aggregate spot container freight pricing on eight major east-west trades between the United States, Europe and Asia are up 102 percent from the same time last year, according to maritime […]
Tom Waldhauser, head of the U.S. military’s Africa Command, attributed the rise in piracy off the coast of Somalia to famine and drought within the country.
Kansas City Southern’s net income jumped 38.9 percent to $149.6 million for the quarter on revenues that grew 8.3 percent to $610 million compared with the same 2016 period, according […]
With a range of 200 miles, the drayage truck will operate from the ports of Los Angeles and Long beach to local warehouses.
The European Investment Bank and Netherlands-based ABN AMRO have agreed to provide 150 million euros (U.S. $162.8 million) to support investments that aim to make the European shipping fleet more […]
The global railcar lessor’s diluted earnings per share stood at $1.44 for Q1 2017, down from Q1 2016, but still surpassing analyst expectations thanks to higher-than-expected gains on railcar sales.
The approximate $113 million acquisition of Rickmers Maritime Trust’s entire fleet of 14 Panamax-sized containerships will triple Navios Maritime Partners’ containership fleet.
Trading of shares in troubled Taiwanese ocean carrier Yang Ming have been suspended on the Taiwan Stock Exchange until at least May 4 as the firm prepares to reduce its […]
The truckload transportation and logistics provider’s net income for the quarter tumbled 20.3 percent to $16 million compared with the same 2016 period even as revenues grew 3.8 percent to […]
Trac Intermodal sued two trucking companies, claiming they breached a contract by using its chassis to move maritime cargo.
Total deal value in the transportation and logistics industry for the quarter dropped 38 percent despite deal volume growing 26 percent percent compared with the same 2016 period, according to […]
Newbuild orders for shipyards in China fell 25.4 percent year-over-year to 5.54 million deadweight tons in the first quarter of 2017 amid continued weakness in demand, according to a report […]
The construction of a new rail line to serve the Pacific Northwest seaport, scheduled for completion in November, will increase its current on-terminal rail footprint from 9,200 lineal feet to […]
The Swiss-based third-party logistics provider’s net turnover for the quarter rose 7.2 percent from the corresponding 2016 period, while the seafreight and airfreight segments experienced a boost in volumes.
Intermodal pricing increased 4.8 percent for the month compared with the same 2016 period, just the six year-over-year increase since December 2014 and the second largest since January 2012, according […]
The international freight forwarder and third-party logistics provider recorded a boost in volumes for the quarter from a year prior as margins remained under pressure.
Truckload pricing slipped another 0.9 percent in March 2017 compared with the same month a year ago, the 13th consecutive month of year-over-year declines, according to the latest Cass Truckload […]
Benoit de la Tour, president of terminal operating systems provider Navis, which is extending its reach beyond the terminal, stressed the need to simplify supply chain complexity, noting how the […]
The Jacksonville, Fla.-based Class I railway saw net earnings tick up 1.6 percent to $362 million for the quarter even as revenues jumped 9.6 percent to $2.87 billion compared with […]
The Hamburg-based maritime services provider’s owner, Bertram Rickmers, could see his stake reduced to 24.9 percent under the deal.
Shipment volumes for the month grew 0.5 percent from February and 0.9 percent from March 2016, while expenditures were down 1.2 percent sequentially but up 3 percent year-over-year, according to […]
The Canadian Class I railway’s profit for the quarter tumbled 20.2 percent year-over-year, despite modest increases in revenues and volumes.
The invitation-only event will be held May 3 as part of the port authority’s effort to develop a master plan.
The weekly AL1 service, operated by “THE” Alliance, made its first call to the Packer Avenue Marine Terminal Wednesday with the 4,600-TEU YM Essence.
The east-central Canadian province recorded a 262 percent year-over-year increase in reported cargo thefts during the first quarter of 2017, mostly occurring in the Greater Toronto area.
The Port of Virginia names new vice president of ocean carrier sales, while Tiger Cool Express promotes chairman and hires president, and SEKO Logistics appoints president of Aerospace & Aviation […]
Shippers, carriers and terminals swapped accusations in their filings with the Federal Maritime Commission that their positions on detention and demurrage charges are being mischaracterized.
The International Monetary Fund yesterday released its latest quarterly World Economic Outlook (WEO) Update, in which it projected the global economy will grow 3.5 percent this year, up from its […]
The American Maritime Partnership said it supports CBP’s notice published in January that it is revoking previous “letter rulings” that it said are inconsistent with the proper enforcement of coastwise […]
Federal Maritime Commissioner Mario Cordero, who will leave the agency in May to become Port of Long Beach Executive Director, said in addition to its regulatory role, the FMC has […]
The seasonally adjusted For-Hire Truck Tonnage Index fell 1 percent compared with the previous month to a reading of 137.5, following a revised 0.1 percent decline in February, according to […]
Proceeds of the offering are expected to be used to fund the acquisition costs of additional dry bulk vessels and general corporate purposes.
U.S. Senate Minority Leader Charles Schumer, D-N.Y., called on the departments of Transportation and Energy to finish and quickly implement rules mandating that crude oil be made less volatile before […]
Container freight rates in the eastbound transatlantic trade jumped 33 percent from last week, while China-U.S. West Coast prices grew 11 percent, according to the latest data from the Freightos […]
Daewoo Shipbuilding & Marine Engineering bondholders have approved a debt-for-equity swap as a condition of a 2.9 trillion won funding package from the Korea Development Bank and Export-Import Bank of […]
Memphis, Tenn.-based integrator FedEx leapfrogged arch-rival UPS to become the largest cargo carrier by freight revenues in 2016, according to the Transport Topics Top 50 Largest Global Freight Carriers list.
Alaska Airlines subsidiary Horizon Air and the International Brotherhood of Teamsters have reached a tentative agreement to amend their existing eight-year contract covering the company’s 620 pilots.
DHL Supply Chain will acquire Polar Transportes, which provides transportation services to the Life Sciences and Healthcare industry in Brazil.
President Donald Trump has announced his intention to nominate former House Rep. Scott Garrett to lead the U.S. Export-Import Bank despite his outspoken opposition to the agency and what he […]
Mountain View, Calif.-based connected and automated vehicle technology provider Peloton Technology recently closed a $60 million Series B funding round led by fleet management solutions provider Omnitracs and existing investors, […]
However, an XPO spokesperson told American Shipper only 178 of the company’s 44,000 North American employees have voted in favor of the Teamsters since 2015, and none of its locations […]
The port said it expects to benefit from the new ocean carrier alliances that launched this month, along with a new non-alliance transpacific service.
The southeast Asian port said the station will facilitate the bunkering of ships as well as shore-based furnaces that use liquefied natural gas as fuel.
The introduction of physical customs checks following the United Kingdom’s withdrawal from the European Union would be a “catastrophe” for ports and trade volumes in the UK, according to Guy […]
RoadOne IntermodaLogistics adds two new regional business development directors and a regional vice president of operations in the Midwest, while USA Truck appoints vice president, corporate controller.
The intermodal segment, which brought in the majority of J.B. Hunt’s operating revenues for the quarter, saw revenues rise 5 percent year-over-year, reflecting 2 percent volumes growth and a 3 […]
The wife of a seafarer who perished when the cargo ship El Faro sank in October 2015 near the Bahamas is asking Congress to establish new regulations aimed at preventing […]
Exports from China increased 16.4 percent from the previous year in March, while imports grew 20.3 percent, reversing a rare trade deficit in February, according to recent data from the […]
The international trade association has asked the Supreme Court to review its case on the electronic logging mandate, and to determine whether the rule violated the Fourth Amendment.
The liner shipping industry will see “profound change” in the next two decades, as macro-economic & demographic shifts are altering trade patterns, industry consultant Lars Jensen said in his book, […]
The oil and gas industry said CBP’s proposed revisions on when Jones Act vessels must be used in offshore oil and natural gas activity will lead to less oil and […]
The Southern California port saw a surge of cargo following Asian Lunar New Year celebrations and because U.S. retailers shipped merchandise ahead of the new vessel alliance deployments that began […]
U.S. Customs and Border Protection said the number of counterfeit merchandise seizures in Puerto Rico for the first two quarters of federal fiscal year 2017 increased by over 300 percent […]
Omaha, Neb.-based Class I freight railroad Union Pacific is combining its Wichita service unit leadership with its Kansas City, Fort Worth and North Little Rock units and reassigning three management […]
After taking the consumer market by storm, the famed electric automaker will attempt to break into the commercial truck market later this year with an all-electric semi truck, founder and […]
Fellow Hamburg-based containership owners Leonhardt & Blumberg and Buss Shipping have agreed to form a new joint ship management venture that will sport a fleet of 55 feeder-size vessels, the […]
Federal Maritime Commissioner Mario Cordero will be appointed executive director of the Port of Long Beach, where he served as a harbor commissioner from 2003 to 2011.
Federal Maritime Commissioner Mario Cordero will be appointed executive director of the Port of Long Beach, where he served as a harbor commissioner from 2003 to 2011.
The Road Repair and Accountability Act of 2017 will raise roughly $5.2 billion per year in investment funding for transportation infrastructure over the next 10 years through a series of […]
Vitti Logistics has chosen to use MacroPoint’s freight-tracking software to connect with carriers and track loads across North America.
Rhode Island House Minority Leader Patricia Morgan plans to submit legislation to repeal the so-called “Rhode Works” law, a truck-only tolling program that has been met with strong opposition from […]
However, export volumes during the month fell 5.3 percent from March 2016 as shipments to overseas markets experienced headwinds from the strong U.S. dollar.
The port experienced year-over-year increases in container, breakbulk and dry bulk tonnage for the first quarter of 2017, despite a drop in liquid bulk tonnage.
Saddle Creek Logistics Services adds senior director of business development, while Port of Price Rupert vice-president of commercial and regulatory affairs and general counsel steps down.
The Singapore-based containership lessor, which has a fleet of 14 Panamax ships, said it will wind up operations in the wake of defaulting on loans.
The independent investment and asset management firm is launching MPC Container Ships AS, an investment vehicle focused on feeder vessels with between 1,000 TEUs and 3,000 TEUs of capacity, the […]
Sinotrans & CSC, parent company of the largest freight forwarder in China, has become a wholly-owned subsidiary of transportation, finance and real estate conglomerate China Merchants Group.
Federal Railroad Administration inspectors have discovered nearly 24,000 defects, including worn rails, broken or loose bolts, and cracked steel bars on rail lines used to transport crude oil, according to […]
Hong Kong-based containership lessor Seaspan said Graham Porter resigned as a director of the company, and has been replaced by The Washington Companies President, CEO and Director Larry Simkins.
Malta-based paperless solutions provider essDOCS has now acquired TridentGLOBAL after recently announcing its acquisition of eCertify just last month.
The refrigerated warehouse specialist now has over 165 facilities around the world with more than 145 in the U.S.
American Trucking Associations hires director of strategic communications, while Worldwide Flight Services appoints global head of people.
The third-busiest port complex in North America has spent billions raising the Bayonne Bridge and dredging New York harbor in preparation for larger containerships.
Currently general manager for ride-sharing firm Lyft in Southern California, Kan has also served on the board of directors for Amtrak since 2015, the White House said in a statement […]
Shippers, forwarders and non-vessel-operating common carriers are concerned about carriers’ financial stability, quality of customer service and reliability, according to a joint survey by Drewry and the European Shippers’ Council.
The U.S. Maritime Administration (MarAd) estimated the nation has a shortage of around 2,000 mariners, and one logical way to overcome the shortage would be to add 40-45 vessels to […]
The 3,100-acre multimodal industrial site in Baltimore entered into a 10-year agreement with Host Terminals to oversee the vast majority of marine cargo operations.
Major container ports in the United States handled 1.43 million TEUs in February 2017, down 7 percent from the previous year, according to the Global Port Tracker report by the […]
The South Carolina Ports Authority handled 192,311 TEUs in March, surpassing the January 2017 record by more than 7,000 TEUs.
Hudong-Zhonghua Shipbuilding (Group) CO., Ltd in China will construct the 38,000-dwt vessels, which will be delivered in 2020.
The Singapore-based ocean carrier, now a subsidiary of France’s CMA CGM, will commence the Asia Fremantle Express (AFX) service between Singapore and Fremantle on April 27, 2017.
AirBridgeCargo Airlines (ABC) appoints vice president of its Americas division, while Crane Worldwide names six new VPs, and Virgin Atlantic Cargo adds account manager in Sydney.
The European Commission has cleared the proposed acquisition of German ocean carrier Hamburg Süd by industry leader Maersk Line, provided the company withdraws from five trade-route specific vessel sharing agreements.
The Danish shipping giant has confirmed it is selling its Brazilian cabotage subsidiary Mercosul Line in a preemptive move aimed at satisfying any potential competition concerns from Brazil’s Conselho Administrativo […]
Chinese conglomerate HNA Holding Group Co. offered to purchase CWT Ltd. for 1.4 billion Singapore dollars (U.S. $995 million).
Michael Khouri, acting chairman of the Federal Maritime Commission, said such pacts can help terminals improve service and operations to benefit the American shipper and consumer.
The mid-Atlantic port handled 232,148 TEUs for the month, with loaded container imports growing 9.5 percent and loaded exports up 3.3 percent from the previous March, according to the most […]
However, U.S. lamb export volumes tumbled 41.3 percent in February from a year prior.
The ocean carriers’ jointly operated North Europe Express (NE1) service, which connects Israeli ports with Northern Europe, operates with five vessels with an average capacity of 5,093 TEUs, according to […]
Lineage Logistics names senior vice president of Sales & Value-Added Services, Transervice Logistics appoints director of sales for the company’s western regional division, and The Tioga Group hires senior associate.
The two Phoenix-based trucking giants said Monday the transaction to create Knight-Swift Transportation Holdings Inc., the industry’s largest full truckload company, is expected to close in the third quarter of […]
