RoadOne IntermodaLogistics said it has acquired Milford, Conn.-based C & V Transportation in an effort to expand its operations in southern New England and the Port of New York and […]
Gross profits for the first nine months of 2016 remained practically unchanged from the same period last year, since the growth in air freight volumes offset the drop in ocean […]
The commercial fleet management, dedicated transportation and supply chain solutions provider saw third quarter net income fall 6.3 percent to $85.1 million compared to the same 2015 period despite a […]
Major freight railroads in the United States employed 152,486 workers as of the middle of September 2016, down 0.17 percent from the previous month and 8.7 percent year-over-year, according to […]
Although exports from Japan in September fell 6.9 percent from a year prior to 5.97 trillion yen, the decline was not as sharp as analysts had projected.
The deferred airfreight transportation services and drayage provider’s third quarter 2016 net income fell 24.2 percent to $11.9 million compared with the same 2015 period, according to the company’s most […]
The Dubai-based container terminal operator posted a cargo throughput of 47.5 million TEUs at its container terminals in the first nine months of 2016, a 1 percent increase from the […]
In addition, the containership leasing company reported a profit of $20.7 million for the third quarter of 2016, down from $34.8 million a year earlier.
The new GENCO multi-tenant facilities are located in Memphis, Tenn. and Milton, Ontario, comprising 1.1 million square feet and 400,000 square feet, respectively.
RoadOne IntermodaLogistics names VP of Northeast sales, while BestTransport.com appoints president.
The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected […]
PierPass, whose members consist of the 13 container terminals at the ports of Los Angeles and Long Beach, held a workshop last Thursday to evaluate extended gate options.
Geneva-based Mediterranean Shipping Co. has confirmed it is looking to buy the now insolvent South Korean shipping company’s 54 percent stake in the Southern California container terminal.
The total bill for bankruptcies and bailouts in South Korea’s ocean freight transportation and shipbuilding sector could also result in redundancies and layoffs of around 10,000 workers, according to a […]
OmniTRAX Logistics Services has agreed to purchase all assets belonging to Terracor Group, including three transload facilities in Texas and Montana, as well as a frac sand mining opportunity in […]
The strong growth was largely due to an increase container trade between the port and Asia, which surged 19 percent year-over-year to 336,791 TEUs.
The Bonn, Germany-based parcel carrier said it will impose a 4.9 percent general average price increase for its U.S. account holders, effective Jan. 2.
The owner and the operator of the Gallia Graeca, a Greek ship that dumped oily bilge into the Pacific Ocean, were found guilty in June 2016 of violating the Act […]
Scheduled to commence in March 2017, the new direct route between its hub at London Heathrow and New Orleans International Airport will be the first of its kind, the global […]
FedEx Express entered into an agreement with Korail Networks to utilize the Korea Train eXpress network to transport time-and temperature-sensitive healthcare shipments.
The Icelandic shipping company said its Blue Line service will drop a call at Hamburg in favor of a call at Bremerhaven, which offers excellent connections via Bremerhaven to Asia, […]
The Netherlands-based third-party logistics provider has appointed Peter Waller chief finance officer and member of its executive board.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL and MOL issued freight rate increases.
After hitting an all-time low in February, dry bulk shipping rates have more than tripled. The Baltic Dry Index—which reflects estimates for the cost of moving a variety of […]
Consumers often base their purchases of fresh produce on appearance. Unfortunately, those fruits and vegetables with minor bumps, scuffs, bruises, and deformities end up left behind in farmers’ fields […]
In a recent decision, the U.S. District Court for the Southern District of New York (SDNY) found a Forward Freight Agreement (FFA) between two companies was not a maritime […]
No American shipper wants to experience a showdown between unionized dock labor and its employers any time soon. That’s why it’s now more important than ever for shippers […]
The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected […]
The Danish liner carrier has resumed service to Iran after a five-year absence and just a year and a half after the Maersk Tigris was fired upon by the Iran […]
Meanwhile, a judge in STX Offshore’s Korean bankruptcy proceedings has ordered the troubled shipbuilder to put its shipyard up for sale along with its profitable cruise ship subsidiary based in […]
The transportation and logistics provider’s net income dropped 41 percent to $18.9 million compared with third quarter 2015 after a similar 43 percent year-over-year decline the previous quarter, according to […]
The Shanghai Containerized Freight Index ticked up 2.3 percent from last week, with rates from Shanghai to Northwest Europe, the Mediterranean and the United States remaining fairly stagnant.
Concurrent with the deal for Glencore Rail, the Australian subsidiary of short line and regional rail operator Genesee & Wyoming has issued a 49 percent equity stake to funds managed […]
The Federal Highway Administration released $1 million in emergency relief funds to help start road and bridge repairs across South Carolina in the recent aftermath of Hurricane Matthew.
Christopher G. Salis, a former global vice president of SAP, along with two associates, were charged in a federal indictment Thursday for their roles in a scheme involving insider trading […]
The Deutsche Post DHL Group subsidiary launched a new 23,600-square-meter automated parcel sorting and processing facility in the Changi Airfreight Centre at Singapore Changi Airport to serve as a 24-hour […]
The Mondovi, Wis.-based temperature-sensitive truckload carrier posted a net income of $8.44 million for the third quarter of 2016 and $25.16 million for the first nine months of the year.
MatchBack Systems appoints commercial account manager for Europe, while Graybar names district VP in Seattle.
The U.S. District Bankruptcy Court in Newark, N.J. will hear from companies today that said Hanjin is not “promptly” informing creditors when ships go off charter.
Are means, motive and opportunity enough for Maersk Line to make a move for South Korean ocean carriers Hanjin Shipping and Hyundai Merchant Marine?
Five leading shipowner groups have warned that unrealistic demands for carbon dioxide reductions could result in a shift toward less energy efficient transport modes.
The Omaha, Neb.-based Class I railway experienced year-over-year declines in net income and revenues for the third quarter of 2016, driven down by lower carload volumes and an especially weak […]
VesselsValue Senior Analyst William Bennett found the companies will own 36 percent of the world’s open hatch/gantry fleet by deadweight tonnage and 30 percent by value.
Shipment volumes in September 2016 slipped 0.4 percent from the previous month and 3.1 percent compared with the same 2015 period, the 19th straight month of year-over-year volume declines, according […]
Jacksonville, Fla.-based Landstar System, Inc. posted a net income of $36.3 million on revenues of $788 million for the third quarter of 2016, year-over-year declines of 7.8 percent and 6.4 […]
The Canadian fund Caisse de dépôt et placement du Québec has purchased a $155 million stake in Chennai, India-based third-party logistics provider TVS Logistics Services from Goldman Sachs and KKR […]
The Deutsche Bahn AG subsidiary is planning a workforce reduction of 893 positions and other operational downsizing due to what it called “unprecedented challenges” in the rail transportation market caused […]
Integrated logistics provider Agility opened a distribution park near Ghana’s main port, and has plans to build more logistics parks across Africa.
SAL Heavy Lift, a subsidiary of “K” line, has entered a contract with Van Oord to transport foundations for wind turbines to be used at the Walney Offshore Wind Project.
Eden Prairie, Minn.-based C.H. Robinson has been perfecting the concept of just-in-time logistics for more than 100 years, delivering fresh fruits and vegetables to customers across the United States and […]
Calgary-based Class I railway Canadian Pacific posted a net income of $347 million Canadian (U.S. $266.4 million) in the third quarter of 2016, a 7.4 percent increase from the same […]
The White House said Tuesday that China has ended tax exemptions that had unfairly benefited the country’s domestic manufacture of certain types of aircraft over equivalent imports.
The illegal narcotics were discovered in a container on board the 4,253-TEU Kota Lukis, which was docked at the Port of Manzanillo, Mexico, Singapore-based Pacific International Lines confirmed in a […]
The seasonally adjusted For-Hire Truck Tonnage Index equaled 132.7 for the month, down 5.8 percent from August and 0.7 percent compared with September 2015, the first year-over-year decline of 2016, […]
The Icelandic shipping company has acquired 90 percent of the forwarding company Extraco Internationale Expeditie B.V. in the Netherlands.
Maersk Container Industry received a $55 million order to manufacturer 4,000 new reefer containers for Antwerp-based shipping company Seatrade Reefer Chartering.
LEMAN, a Denmark-based third-party logistics services provider that specializes in pharmaceuticals, will open a new branch office in Charlotte, N.C. on Nov. 1.
Volga-Dnepr Group names senior VP of sales and marketing, while Synergy appoints VP of enterprise solutions.
Investments in new projects are slowing, and Neil Davidson, senior analyst in Drewry’s ports and terminals practice, warned that a sudden rebound in demand could be a problem.
An MSC spokesperson told American Shipper the reason it sold its interest in Genoa, Italy-based logistics company Aprile to Savino Del Bene was to exit the freight forwarding business.
The mid-Atlantic port handled 220,000 TEUs of containerized cargo for the month, an increase of 2 percent from September 2015, after a record setting month in August, according to data […]
Mediterranean Shipping Company said it will offer its transpacific “Maple” service on its own instead of together with Maersk.
Truckload pricing dipped another 3.5 percent for the month compared to September 2015, the seventh consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
The Swiss-based third-party logistics provider posted net profits of CFH 177 million for the third quarter of 2016 and CHF 533 million for the first nine months of the year.
Although the decline was less severe than the previous 20-month average, intermodal pricing in September 2016 dropped for the 21st straight month compared with the prior year period, according to […]
Kansas City Southern’s net income fell 9.1 percent to $121 million in the third quarter of 2016 on revenues that slipped 4.3 percent compared to the previous year, according to […]
The Lowell, Ark.-based intermodal and trucking provider’s revenues for the third quarter of 2016 rose 7 percent year-over-year to $1.69 billion.
The Memphis, Tenn.-based integrator will invest 200 million euros to expand its airfreight logistics center at Paris Charles de Gaulle Airport and has signed a 30-year lease agreement with a […]
CMA CGM’s Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR) has introduced a new short-sea liner service that connects Rotterdam to the United Kingdom and Norway, called the PENN service.
Japanese liner carrier NYK has entered into a joint venture with Bolloré Transport & Logistics Kenya Ltd. and Toyota Tsusho Corp. to set up Bolloré NYK Auto Logistics Ltd., a […]
Worldwide Flight Services has entered a three-year contract to provide cargo-handling and trucking services for Pakistan International Airlines in the United Kingdom.
Rafi Danieli, chief executive of ZIM, said in an interview with American Shipper that the carrier focuses on specific global trades, where it wants to sail, and where it has […]
The port terminal operator arm of COSCO Shipping has purchased a 40 percent stake in the Vado Ligure port reefer terminal, as well as a container facility expected to open […]
The French ocean carrier has appointed Michel Delville, former CFO of high-tech battery manufacturer Saft Group, to replace outgoing Chief Financial Officer Michel Sirat, according to a statement from the […]
Meanwhile, the Port of Los Angeles signed a partnership with the U.S. Department of Commerce and the Center for Global Supply Chain Management to advance the use of technology at […]
The Belgian port plans to add 156 hectares of space, 28 hectares of which in the southwestern corner of the Southern Canal Dock will will be made available for use […]
Marine Guard 100’s anti-rust efficacy was verified during two-and-a-half years of testing on the deck, ballast tank, piping and other metal surfaces on an oceangoing coal carrier owned by NYK […]
Sandler, Travis & Rosenberg hires leading export control and economic sanctions attorney, while Greenbrier Leasing Corp’s president announces retirement.
The Federal Aviation Administration and the Pipeline and Hazardous Materials Safety Administration put an emergency order in place that bans all Samsung Galaxy Note7 smartphone devices from air transportation in […]
The U.S. Department of Transportation’s economic analysis of electronically controlled pneumatic brakes was based on insufficient data and may have overestimated the benefits of DOT’s proposed mandate, according to the […]
The Korea Herald reported South Korean liner carrier Hyundai Merchant Marine is reviewing U.S. trade assets of the former competitor.
Wilmington, Calif.-based Trapac disclosed its plans to lease an additional 57 acres and two vessel berths at the port during a meeting of Oakland’s Board of Port Commissioners last night.
On the Shanghai to Northwest Europe trade, rates increased 8 percent since two weeks ago, from $699 per TEU to $755 per TEU, while on the Shanghai to Mediterranean trade, […]
Marc Garneau, Canada’s Minister of Transport, this week announced the new Rail Safety Improvement Program, which aims to fund projects that will reduce incidents and derailments along the country’s railroad […]
The U.S. Bureau of Labor Statistics said U.S. import prices experienced a monthly increase of 0.1 percent due to higher fuel prices, while U.S. export prices ticked up 0.3 percent […]
Atlantic Forest Products, a wholesale distributor of building materials, has signed a long-term lease at Tradepoint Atlantic, a 3,100-acre multimodal industrial site in Baltimore.
The FedEx Corp. less-than-truckload subsidiary has purchased 100 tractors powered by compressed natural gas, and tapped Clean Energy Fuel Corp. to design, build and maintain the unit’s first CNG fueling […]
Cargo shipments on the St. Lawrence Seaway totaled 21 million metric tons between March 21 and Sept. 30, a 5.3 percent year-over-year decline, according to the Great Lakes Seaway Partnership.
The refueling station, scheduled for completion in early 2017, will be located at the main entrance of the Royal Seaforth Container Terminal and adjacent to the new Liverpool2 deep-water container […]
The Sept. 19 AS Daily news report “Hapag-Lloyd invests in more reefer capacity” incorrectly stated that Hapag-Lloyd ordered all 5,750 refrigerated containers from Carrier Transicold. The company ordered […]
Assets related to the South Korean shipping company’s services to the United States will be put up for sale as soon as tomorrow, multiple press reports said Thursday.
The Class 1 railway’s earnings per share for the quarter surpassed analyst expectations, reaching $0.48 per share, but were still lower than the $0.52 per share for the third quarter […]
The valuation provider VesselsValue said that during the past year, the value of a 2016-built Panamax containership with 4,250 TEUs of capacity tumbled 49.57 percent, while the value of a […]
Truckload volumes are expected grow 1.8 percent per year on average through 2027, with even stronger growth predicted in less-than-truckload, according to the latest U.S. Freight Transportation Forecast report from […]
The Southern California port’s box volumes declined considerably after South Korean ocean carrier Hanjin filed for bankruptcy Aug. 31.
The Port of Damietta Authority signed an agreement earlier this week with China Harbor Engineering Company Ltd. for the construction and development of an additional container terminal at the Egyptian […]
PSA International has purchased Hong Kong-based Luck Glory International Ltd., which owns a 15.33 percent share of China United International Rail Containers, for an undisclosed price, the company said in […]
Under a new agreement, the United Kingdom and China will more than double the number of passenger flights permitted between the two nations and allow for unlimited all-cargo flights, according […]
OmniTRAX Sand Holdings, an affiliate of OmniTRAX, Inc., has entered into a joint venture with bulk storage and transportation services provider Arrows Up.
The Greenbrier Cos. and Astra Rail Management GmbH said they will form a new company to create a Europe-based freight railcar manufacturing, engineering and repair business.
