Canadian Pacific Railway and the United Steelworkers Local 1976 have reached a tentative five-year labor agreement covering around 600 administrative support and intermodal employees in Canada.
Rates from Shanghai to Europe declined 4.7 percent since last week, from $859 per TEU to $819 per TEU, while rates from Shanghai to the Mediterranean fell 4.3 percent, from […]
Four people were reportedly hurt in gun battle that ensued when a boat tried to provide a small bunkering tanker with supplies.
The short line railroad, which serves the ports of Los Angeles and Long Beach, is testing locomotives to verify compliance with EPA Tier 4 standards.
Major seaports in the United Kingdom handled 117.2 million metric tons of freight in the fourth quarter of 2016 and 473.5 million metric tons for the full year, according to […]
Ocean carriers entering the market in 2010 and 2011 had a tough time, but SM Line said it believes it is timing its entrance into the transpacific market well, noting […]
In addition, Hong Kong-based Orient Overseas Container Line is scheduled to receive a series of 20,000-TEU ships later this year.
Class I freight railroads had installed positive train control on 16 percent of required track as of Dec. 31, 2016, up from 12 percent in the third quarter 2016, according […]
There were no injuries to the crew or the public, no releases and no impacted motorist grade crossings from the train derailment that occurred early Wednesday morning in Lake Forest, […]
The Singapore-based ocean carrier, now a subsidiary of France’s CMA CGM, will commence an intra-Asia service between China, Korea, Taiwan and the Philippines with the first sailing departing from Xingang […]
The Antwerp-based independent tanker company recorded a $204 million profit on revenues of $684.3 million for 2016, year-over-year declines of 41.8 percent and 19.2 percent, respectively.
American Trucking Associations promotes four staffers and hires new vice president of creative services and new director of marketing, while Xeneta appoints director of value engineering, and SmartTruck names vice […]
South Korean ocean carrier Hyundai Merchant Marine said it expects to save costs and boost competitiveness through the “2M+H Strategic Cooperation,” which was signed Wednesday in Sausalito, Calif.
The Atlanta-based parcel giant will build an additional six compressed natural gas (CNG) fueling stations, and add 390 new CNG tractors and terminal trucks, along with 50 liquefied natural gas […]
German conglomerate Dr. August Oetker KG said the deal may take place at the end of the year, subject to regulatory approval.
The A.P. Møller-Maersk Group subsidiary has partnered with Norsepower Oy, The Energy Technologies Institute, and Shell Shipping & Maritime to install and test Flettner rotor sails on a Maersk Tankers’ […]
The port attributed the 12.4 percent year-over-year decline in February box volumes to the timing of Lunar New Year, but volumes were still higher than the most recent 5-year average […]
The Singapore-based ocean carrier, now a subsidiary of France’s CMA CGM, will purchase slots on the Japan Express (JPX) service, jointly operated by NYK and OOCL.
The new center will primarily work to provide overseas e-tailers with fast and flexible shipping solutions, integrating inbound freight, inventory and last-mile delivery in a one-stop solution, DHL said.
Ascent Global Logistics appoints vice president of strategic accounts for Marisol International, while GSC Logistics hires senior manager of sales and business development and OSM Maritime Group name two new […]
UPS Inc. Chief Executive Officer David Abney’s pay grew another 21 percent for the year after a 35 percent raise in 2015 and a nearly 105 percent increase in 2014, […]
Major container ports in the United States handled an “unusually high” 1.67 million TEUs in January 2017, up 12.5 percent from the previous year, according to the Global Port Tracker […]
The bunkering tanker Aris 13 was hijacked by pirates off the coast of Somalia Monday.
The U.S. maritime regulator said the group will work to identify burdensome, unnecessary and outdated directives, and recommend how they should be remedied.
MatchBack Systems forms board of directors, while Swissport International names CEO of Swissport UK & Ireland, and V.Group appoints non-executive directors to board.
Ports along the mid-Atlantic coast all the way up to New England have been impacted by the winter storm, and have altered operations accordingly.
The chemical industry is projected to see increased costs due to excess inventories, larger capital expenditures, and higher operating costs, according to a study performed for the American Chemistry Council […]
The Port of Oakland handled less container volumes in February compared to a year earlier due to inclement weather and the Lunar New Year, which began Jan. 28 this year.
During the month, Mexico was the top market for U.S. pork and lamb exports in terms of volume and value, while Japan was the leading market for U.S. beef exports.
This past Thursday, there were 39 grain vessels in the Columbia and Willamette rivers waiting to load, when normally, there are 12 to 15 vessels.
The mid-Atlantic port saw monthly container throughput slip 0.2 percent to 220,726 TEUs compared with the previous February, while overall cargo tonnage grew 3.3 percent year-over-year to 1.71 million tons.
The 10-month graduate program will be taught in English, and will take place in Asia, Europe and North America.
The terminal operator signed an addendum to the original concession agreement with the Port of Gothenburg on Sweden’s west coast to invest an additional SEK 250 million through 2024 at […]
Orient Overseas (International) Ltd. Chairman C.C. Tung said 2016 saw some of the most difficult markets and an overhang of capacity.
The new South Korean carrier has started two of five planned intra-Asia strings this week, is commencing a transpacific service in mid-April, and reportedly wants to launch a service to […]
The Netherlands-based third-party logistics provider posted a loss of $159 million in 2016 compared with a $195 million loss the previous year as revenues fell 4.5 percent to $6.65 billion, […]
Transportation and logistics employment rebounded in February 2017 following a revised loss of 10,200 positions in January, according to recent preliminary data from the U.S. Department of Labor.
Although proponents of the proposed border adjustment tax argue American corporations have nothing to fear, many importers find that to be far-fetched.
The global logistics provider recorded a net profit of KD 59.1 million on revenues of 1.23 billion for 2016.
The Danish container shipping line said the order will help it meet sustainability goals and stay ahead of new legislation by the European Union.
At least four people were killed and dozens more were injured Tuesday afternoon when a CSX train slammed into a charter bus full of tourists that had gotten stuck on […]
Israeli ocean carrier ZIM Integrated Shipping Services has nominated Eli Glickman to serve as its next president and chief executive officer following the departure of long-time CEO Rafi Danieli, the […]
The port attributed the 11.2 percent year-over-year decline in February’s container volumes to reduced economic activity in Asia associated with the Lunar New Year.
The Jacksonville Port Authority’s governing board on Wednesday voted to accept Chief Executive Officer Brian Taylor’s resignation, and appointed Eric Green, current senior director of government affairs for the North […]
Roadrunner Transportation Systems has formed a new temperature-controlled transportation division by combining M. Bruenger and R&M Transportation into a single operation, the company said in a statement.
In an industry first, the vessel sharing agreement between Hapag-Lloyd, Yang Ming, NYK, MOL and “K” Line, also established an independent trustee to manage funds to be used in the […]
Georgia Ports Authority and Maher Terminals, which operates the largest terminal at the Port of New York and New Jersey, have been granted approval to foreclose on Hanjin’s shipping containers […]
Federal Maritime Commission Acting Chairman Michael Khouri said the change will eliminate requirements that were obstacles to efficiency and added unnecessary costs.
The Bonn, Germany-based parcel carrier and logistics provider saw consolidated net profits soar 71.4 percent to 2.64 billion euros for the year, even as revenues slipped 3.2 percent to 57.33 […]
The Jacksonville, Fla.-based Class I railroad started the process of laying off around 1,000 employees yesterday, according to a report from local NBC/ABC affiliate First Coast News.
The Berkshire Hathaway-owned Class I railroad has agreed to clean up coal and petroleum coke spilled from open-top rail cars, as well as pay $1 million to fund environmental projects […]
The global port terminal management and logistics subsidiary of Yildirim Group handled 3.93 million TEUs at its container terminals for the full year in 2016, according to a statement from […]
The French Mediterranean port handled 1.25 million TEUs for the year, a 3 percent increase from 2015 and a new record for the port, according to a statement from the […]
American Airlines names new president of cargo and vice president of global sales, while Wen-Parker Logistics hires U.K. sales manager.
The New York-based consulting firm suggested shippers carefully reexamine their procurement strategies to ensure supplier diversity, make sure they use multiple alliances, and study carriers’ financials.
International Shipholding’s reorganization plan, in which it will be owned by SEACOR Ocean Transport Inc., is expected to become effective in the second quarter of this year.
Shippers and logistics service providers continue to improve the nature of their strategic relationships, recognize the value of technology and innovation, and forecast growth outside their traditional businesses, according to […]
The Port of Richmond, Calif., known for its history as a shipbuilding center during the Second World War, now handles a wide mix of cargo, and is especially known for […]
A European Union court on Tuesday struck down a 2013 decision by the European Commission to block the parcel giant’s planned takeover of Netherlands-based express carrier TNT Express, which was […]
Maersk and IBM said they intend to work with a network of shippers, freight forwarders, ocean carriers, ports and customs authorities to build the new global trade digitization solution, which […]
However, volumes carried by Latin American airlines fell 4.1 percent year-over-year in January, as the region continues to be blighted by weak economic and political conditions.
The Japanese ocean carrier could face a fine of as much as 10 percent of its annual revenues for its alleged involvement in a price-fixing scheme for auto shipping in […]
The appointment of outgoing Canadian Pacific Chief Executive E. Hunter Harrison as CEO of Class I railroad CSX is still contingent on a shareholder vote over $84 million in benefits […]
After talks between the Class I railway and hedge fund Mantle Ridge to install outgoing Canadian Pacific Chief Executive E. Hunter Harrison seemed to stall out in the past few […]
The shipping research and consulting firm said container carriers have a “golden opportunity to smooth out the capacity peaks in the coming years” by deferring the delivery of the ships […]
The bipartisan bill would require up to 30 percent of exports of liquefied natural gas and crude oil to travel on U.S.-flag vessels.
The largest port on the U.S. East Coast handled 517,668 TEUs of containerized cargo in January 2017, a new monthly record, according to the most recent figures from the Port […]
UPS hires director of global affairs, while the Association of American Railroads names new press secretary.
Stevedores’ unions in Spain have been protesting against a proposed law to reform the Spanish Ports Act, and have issued strikes between March 6 and March 25.
The London-based shipping research and consulting firm has examined the correlation between carrier terminal ownership and the choice of port calls by the 2M Alliance, and the upcoming alliances in […]
Berkshire Hathaway-owned BNSF Railway Co. reported a net income of $4.3 billion on $19.3 billion in revenues for the full year in 2016, decreases of 13.3 percent and 9.9 percent, […]
The Doric Warrior, a 93,115-dwt bulk carrier, delivered steel slabs from Tuapse, Russia on the Black Sea to the new Paulsboro Marine Terminal along the Delaware River on Thursday.
Spot rates declined from Shanghai to Europe, the Mediterranean and the United States since last Friday.
Total cross-border trade between the United States, Mexico and Canada ticked up 0.4 percent in December 2016, the third year-over-year increase in the past five months, according to the Department […]
Members of the International Longshore and Warehouse Union had failed to report for work to unload a Pasha ship in Hawaii.
Net orders for North American Class 8 trucks totaled 22,900 units in February 2017, up 5 percent from the previous month and 28 percent from the previous year, according to […]
With capacity in the ocean carrier industry continuing to outstrip demand levels, many are left wondering what carrier is next in line for a merger or acquisition.
The Israeli ocean carrier’s revenues for the fourth quarter of 2016 totaled $653.5 million, down from $687 million for the fourth quarter of 2015.
The International Maritime Organization’s 0.5 percent sulphur cap regulation, set to go into force in 2020, could cause shipping industry fuel costs to jump by as much as $60 billion […]
Consolidated net profits for the year dropped 40.7 percent to 52.3 million Swiss francs compared with the previous year as tight peak season airfreight capacity and the collapse of South […]
The Shippers’ Advisory Committee said change is needed, and that all sectors of the air cargo supply chain industry must work together to drive the adoption of new technology and […]
Combined United States carload and intermodal cargo volumes increased for the fourth consecutive month in February 2017 following several months of year-over-year declines, according to data from the Association of […]
DASH Critical & Medical, which offers real-time tracking and monitoring of any eligible shipment, is available from 10 locations nationwide, with service to 89 mainland U.S. destinations and Hawaii.
United States gross domestic product increased 1.9 percent in the fourth quarter of 2016, according to the “second” estimate from the Department of Commerce, down from a 3.5 percent growth […]
The containership owner and charterer recorded a loss of $139 million on revenues of $877.9 million for the full year of 2016.
The deal is increasing Direct ChassisLink’s fleet of owned, leased and managed chassis to approximately 133,000.
Kuehne + Nagel CEO Dr. Detlef Trefzger said the global third-party logistics provider increased market share in all business units in 2016.
The Montreal, Quebec-based supply chain solutions provider saw net profits jump 63.5 percent from the prior year period to $888,000 Canadian as revenues grew 11.5 percent to C$17.4 million, according […]
Virgin Atlantic Cargo is launching a new daily service from London to Seattle, and additional flights from Manchester to the United States in 2017.
IAG Cargo appoints chief financial officer, while INTTRA hires president of Asia Pacific, and American Trucking Associations elects general chairman and treasurer of its Technology & Maintenance Council.
The Feb. 27 news report “MPA gets green light to purchase land for Seagirt expansion,” indicated the land purchase was part of a $1.3 billion public-private partnership between MPA […]
The World Shipping Council has warned of unintended consequences that would be detrimental to shippers if a rule was adopted that would limit situations in which detention and demurrage may […]
The deal will give Hyundai Merchant Marine access to the intra-Asia networks of Heung-A and Sinokor.
The primary federal funding mechanism for transportation infrastructure projects will run out of money once the FAST Act expires in 2020, according to Bud Wright, executive director of the American […]
Hyundai Heavy Industries’ shareholders on Monday voted to approve the company’s restructuring plans despite strong union opposition.
A significantly lower average freight rate drove Hapag-Lloyd’s revenues down 12.5 percent year-over-year in 2016 to 7.7 billion euros.
Without clear carbon controls from the International Maritime Organization, the shipping industry may have to adhere to multiple sets of regional regulations, according to Esben Poulsson, chairman of the International […]
The Warren, Mich.-based trucking carrier and third-party logistics provider saw net income plummet 39.2 percent year-over-year to $24.2 million as revenues slid 5 percent to $1.07 billion, according to the […]
Under the newly expanded contract, Worldwide Flight Services will handle up to seven direct flights a week connecting Chicago with Taipei, and an estimated 56 million kilos per year.
The Pacific Northwest port said it hopes to restore container service at Terminal 6
