Rates from Shanghai to Northwest Europe fell 4.7 percent since last week, despite several major ocean carriers looking to increase rates on the trade in mid-May.
McDonough, Ga.-based transportation and logistics company Bennett International Group established BOSS Engineered Logistics to provide more neutral third-party logistics solutions.
The Northwest Seaport Alliance has lengthened its extended gates program to support the peak shipping season’s strong agricultural exports.
The German shipowner and breakbulk ship operator said it sees no signs of a recovery in the general economic conditions for the final quarter of the year.
Cindy Sanborn, chief operating officer of the Class I railway, told investors and analysts at the Baird 2016 Industrial Conference in Chicago the company expects an $0.08 impact to fourth […]
The Atlanta, Ga.-based parcel giant will spend $196 million to expand its Jacksonville, Fla. ground package hub to add more than 260,000 square feet to the building and automation.
The logistics provider and container terminal operator’s intermodal segment was especially successful during the period.
The parcel giant signed a 10-year lease with the Port Authority of New York and New Jersey for a 20,625-square-foot building adjacent to FedEx and UPS facilities at Stewart International […]
Bellevue, Wash.-based Radiant Logistics saw revenues for the quarter ending Sept. 30 fall 9.5 percent from the comparable prior year period to $191.5 million.
Port Tampa Bay appoints VP of operations, while DHL Supply Chain names managing director for its Hong Kong and Macau business.
The Austin, Texas-based publisher and intelligence company said that although pirate attacks will continue to decline, maritime threats, such as militant attacks, will still pose a considerable challenge to global […]
Although free trade deals can cause short-term job losses, the long-term economic gains far outweigh the costs.
Hyundai Merchant Marine and Korea Line have submitted bids for Hanjin’s Asia-U.S. route, and a deal is expected to be reached at the end of the month.
Courts in Tianjin Municipality sentenced 24 company managers and staff and 25 government officials for crimes related to the August 2015 warehouse explosion that killed at least 165 people and […]
Geneva, Switzerland-based Mediterranean Shipping Co. said it will form a new vessel sharing agreement with Maersk Line, Hamburg Sud and MOL on two Asia-Australia loops in May 2017.
Major container ports in the United States handled 1.6 million TEUs in September, down 6.6 percent from August and 1.6 percent from September 2015, according to the monthly Global Port […]
The new super post-Panamax container crane capable of moving cargo on and off 14,000-TEU ships was damaged during set-up.
Express carrier UPS said it will invest more than $400 million to build a 1.2 million-square-foot regional package sorting facility on Atlanta’s west side.
The integrated third-party logistics provider grew net profits in third quarter 2016 despite revenues slipping 7 percent year-over-year to 312 million Kuwaiti dinars (U.S. $1.03 billion), according to the company’s […]
FedEx Trade Networks, the freight forwarding subsidiary of FedEx Corp., has opened an office in Penang, Malaysia.
The Jersey City, N.J.-based bulk freight shipping services provider reported net income applicable to common stockholders for the fiscal year 2017 second quarter, which ended Sept. 30, tumbled 77.5 percent […]
Envirotainer appoints CEO, while B&H Worldwide names regional director for Europe, the Middle East and Africa.
Peter Keller, executive vice president of TOTE, which has put two containerships fueled with liquefied natural gas into service between Florida and Puerto Rico, chairs the group, SEA/LNG.
In addition, the Singapore Exchange confirmed the appointment of Mark Jackson as chief executive officer of the nearly 275-year-old Baltic Exchange, effective Jan. 31, 2017, according to a joint statement […]
Singapore’s sovereign wealth fund will acquire P3 Logistics Parks, Europe’s largest logistics real estate developer and property manager, from TPG Cambridge and Ivanhoé Cambridge, P3 said in a statement.
U.S. steel exports reached 795,318 net tons in September, falling 2 percent from September 2015, while U.S. steel imports totaled 2.74 million net tons, falling nearly 20 percent from last […]
Dunavant Global Logistics Group has opened an operation in Shenzhen and Hong Kong, in addition to acquiring longtime Mobile, Ala.-based customs broker John M. Brining Inc.
Jeffrey S. Musser, the president and chief executive officer of Expeditors International, said the company shipped record volumes in both air and ocean freight during the quarter.
Union Pacific Railroad has increased train speed from 40 mph to 60 mph on a 4-mile stretch between Plaza Parkway and River Road in Modesto, Calif., according to a statement […]
U.S. Customs and Border Protection agriculture specialists at the George Bush Intercontinental Airport in Houston found multiple egg masses and pests inside a commercial shipment of fresh Brazilian papayas.
CSX names vice president-industrial products, while Target appoints former Walmart logistics executive to senior VP of network planning and operational design, and the European Sea Ports Organization elects its next […]
The Bonn, Germany-based parcel carrier and logistics provider posted a third quarter 2016 net profit of 618 million euros, a significant increase from just EUR 49 million in third quarter […]
Federal Maritime Commission Chairman Mario Cordero said that as container carriers form new alliances and merge, they are seeking new powers, causing some nervousness among shippers.
Berkshire Hathaway-owned BNSF Railway Co. reported a net income of $1.02 billion in the third quarter of 2016 and $2.58 billion in the first nine months of the year, decreases […]
Matson said its profits for the third quarter of 2016 were lower than a year prior because volumes on its Hawaii and Alaska trade routes were “lower than expected due […]
Beef exports from the United States in September rose from a year prior due to stronger exports to Japan and South Korea, while pork exports picked up thanks to shipments […]
A federal court judge on Monday rejected a request by all-cargo aircraft operator ABX Air for a temporary restraining order against its pilots and their union.
The nation’s imports in September rose 4.7 percent from August to $47.6 billion Canadian, resulting from one large shipment of equipment from South Korea for the Hebron offshore oil project […]
California had the highest number of reported cargo thefts during the third quarter of 2016, accounting for 38 percent of reported incidents.
After several months in delays, Peel Ports’ £400 million (U.S. $494.9 million) Liverpool2 container terminal officially opened for business last week, according to a statement from the port terminal operator.
The U.S. Department of Transportation has tentatively selected American Airlines to operate a new daily nonstop service between Los Angeles and Beijing.
The airfreight and express wholesaler has acquired the 500-square-meter warehouse adjacent to its current facility at Cape Town International Airport, effectively doubling the size of its facility and tripling its […]
AirBridgeCargo Airlines will commence a twice-weekly Boeing 747 freighter route Nov. 15 from Oslo to support Norway’s thriving seafood export market and the country’s oil and gas industry, the company […]
Hill Dickinson appoints first ever COO, while Absolute Worldwide Logistics hires managers for new Waycross, Ga. office.
Members of the planned ocean carrier alliance – Hapag-Lloyd, Yang Ming, NYK, MOL and “K” Line – said they plan to offer 31 services, utilizing 240 vessels to call over […]
The U.S. Commerce Department reported Friday the nation’s trade deficit in September fell 9.9 from a month prior amid stronger exports.
Based on trends from the last two years, growth in containership capacity will continue to outpace demand in the next few years despite record ship scrapping so far in 2016, […]
Transportation and logistics companies added 7,500 positions last month, following a revised 3,100-job loss in September, according to recent preliminary data from the U.S. Department of Labor.
BIMCO’s chief shipping analyst Peter Sand says “the tools to turn the container shipping industry around are being used and are working.”
Port says a softer U.S. dollar and big agricultural harvests resulted in a 20 percent increase in container exports in October.
The Israeli container carrier told American Shipper Friday it is rejecting the rumor that it has intentions to sell its global shipping operations to instead become a regional Mediterranean carrier.
The U.S. Department of Transportation released more than $90 million among Federal Aviation Administration grants to six airports to make improvements to runways, taxiways and aprons.
On a bright note, the port authority said it will be using a $1.6 million grant awarded by the U.S. Maritime Administration to improve the barge program that transports containers […]
Net orders for North American Class 8 trucks totaled 13,800 units in October 2016 as a “significant cleanup of long-term, excess, orders by one OEM” weighed on ordering activity, according […]
The Atlanta, Ga.-based parcel giant has entered into an agreement to acquire Marken, a global provider of supply chain services to the life sciences industry.
The international financial institution said the financing will be used to support Indonesia in addressing issues with the nation’s supply chain, such as long dwelling times at ports and lengthy […]
Two Pakistani nationals were sentenced by a U.S. District Court after pleading guilty to charges of operating Internet sites to illegally sell and ship pharmaceuticals from Pakistan and the United […]
Two former aides to New Jersey Gov. Chris Christie could face 20 years in prison over their role in “Bridgegate,” which involved tying up traffic on the George Washington Bridge […]
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, MOL and NileDutch have announced freight rate increases.
Analysts predict higher volumes and rates, but offsetting coal traffic decline will be a heavy lift
The total value of cross-border freight between the United States and North American trading partners Canada and Mexico ticked up 0.7 percent in August 2016 following 19 straight year-over-year decreases, […]
Airfreight volumes rose 6.1 percent in September from a year prior, coinciding with a rise in new export orders, and also possibly due to one-off factors such as Hanjin’s insolvency […]
Rates from Shanghai to the Mediterranean, which hold a 10 percent weight on the index’s overall reading, fell 6.3 percent from last Friday to $738 per TEU.
The air cargo services provider reported a $7.5 million loss in third quarter 2016, it’s second straight quarter in the red, as nondeductible expenses related to vested warrants granted to […]
The multi-modal logistics hub at the Port of Monfalcone in Italy, will provide solutions to support and manage the total outbound supply chain of vehicle manufacturers in Europe.
The Miami, Fla.-based ocean carrier will commence a new string between Paita, Peru and the United States Gulf and East Coasts starting Dec. 6, 2016, the company said in a […]
Cathay Pacific Airways started a twice-weekly scheduled freighter service today to Oregon’s Portland International Airport.
Shipments of limestone on the Great Lakes totaled 3.3 million tons in October, down 3.5 percent from a year prior, according to the Lake Carriers’ Association.
A chartered ship will evacuate 4,300 of an estimated 6,000 containers leased by Hanjin, freeing up chassis for use by other port customers.
The U.S. Court of Appeals for the Seventh Circuit in Chicago has ruled in favor of the Federal Motor Carrier Safety Administration’s proposed regulation that would require the use of […]
In addition to eliminating truck permit paperwork, the “Maryland One System” is expected to reduce the overweight hauling permit processing from days or weeks to hours.
The German ocean carrier took delivery of the 10,500-TEU Valparaiso Express from Hyundai Samho Heavy Industries this Wednesday, which will serve trade between the West Coast of South America and […]
The Greenwich, Conn.-based third-party logistics provider reported a net income of $13.8 million in the third quarter of 2016 compared with a $93.1 million loss in the same 2015 period, […]
The transportation management system provider entered into a partnership with Inolog to begin serving the United Kingdom, Ireland and other regions in Europe.
The Association of American Railroads said 1.07 million carloads were handled in October, down 5.1 percent year-over-year.
Revenues for the third quarter of 2016 rose 7 percent year-over-year, which Roadrunner CEO Mark DiBlasi said was largely related to the company’s ground expedite business.
The Icelandic ocean carrier has entered into an agreement to purchase asset-light transportation and logistics provider Nor Lines in an effort to broaden its value-added service offerings, the company said […]
Athens, Greece-based containership lessor Diana Containerships has sold the M/V Angeles, formerly on charter to Taiwanese ocean carrier Yang Ming, to an unnamed demolition yard for $6.69 million before commissions, […]
Although the Malaysian ship owner reported lower profits and revenues for the third quarter of 2016 compared to a year prior, the company did have some notable accomplishments during the […]
AirBridgeCargo Airlines has launched a twice-weekly Boeing 747 freighter service that links the London Heathrow Airport to Moscow.
ContainerPort Group appoints new CFO, while Milestone Chassis names manager for West Coast region sales.
COSCO, CMA CGM, Evergreen Line and Orient Overseas Container Line plan to deploy 350 containerships on 41 strings starting next April.
The recent announcement on Japan’s three major ocean carriers – MOL, NYK Line and “K” Line – merging container operations has left the industry wondering if more consolidation is to […]
Representatives from the Pacific Maritime Association and the International Longshore and Warehouse Union met Tuesday and discussed a possible extension of their current contract, which runs through June 30, 2019.
The World Trade Organization on Tuesday said most of the participating countries in the newly expanded Information Technology Agreement have implemented their tariff commitments under the deal.
The Hong Kong-based containership lessor in Q3 2016 took impairment charges of $202.8 million related to ten ships under 5,000 TEUs in capacity and another $18.9 million related to the […]
Effective Nov. 1, 2016, persons and organizations importing, handling or transporting crude oil into and within Canada are no longer legally allowed to use the older, less-reliable DOT-111 tank cars, […]
Darien, Conn.-based short line railroad operator Genesee & Wyoming Inc. reported net income of $56.8 million on revenues of $501 million during third quarter 2016, year-over-year decreases of 10.4 percent […]
The all-cargo airline will commence a four-times-weekly service between London Gatwick Airport and Fort Lauderdale, Fla., as well as a three-times-weekly route from Gatwick to Oakland, Calif., starting in March […]
The Transportation Intermediaries Association appoints VP of education and DSV Road North America names president, while Chapman Freeborn selects chief commercial officer and the American Association of Port Authorities installs […]
The A.P. Møller-Maersk conglomerate, which includes Maersk Line, APM Terminals, and energy related divisions like Maersk Oil, reported an underlying profit of $426 million in the third quarter of 2016, […]
Representatives from the Pacific Maritime Association and the International Longshore and Warehouse Union met Tuesday and discussed a possible extension of their current contract, which runs through June 30, 2019.
Work on the project, expected to nearly double the size of the Wilmington, Calif.-based terminal operator’s facility at the Port of Oakland, could begin as early as this month, the […]
The Danish global transport and logistics provider reported 692 million Danish krone (U.S. $102.7 million) in adjusted earnings on DKK 17.2 billion in the third quarter of 2016, year-over-year increases […]
The national postal carrier of Argentina has tapped Deutsche Post DHL Group to provide expertise in logistics services, supply chain infrastructure, and domestic and international parcel service as part of […]
The global third-party logistics provider has opened a new branch office in Hanoi, Vietnam, as well as new facilities in Hong Kong and Mumbai, India, the company said in a […]
Singapore Post Limited said its new Regional eCommerce Logistics Hub at the Tampines Logistics Park is its largest eCommerce logistics investment in Singapore to date.
The non-vessel-operating common carrier said a Gothenburg-to-Atlanta service will launch next month.
PIL Logistics Egypt Limited’s new facility offers warehousing, distribution, inventory management, value added service, and order fulfilment services.
The Customized Logistics and Delivery Association picks new executive director and the Alabama State Port Authority names board chairman, while the Port of Melbourne selects CEO and the Nautical Institute […]
