Japan’s three largest shipping companies, which have agreed to merge their container divisions, have reported their financial results for the first six months of the fiscal year ending March 31, […]
The Hong Kong-based carrier transported 5.2 percent more containers in the third quarter of 2016 compared to a year earlier, but average revenue per TEU for the quarter fell 18.1 […]
Total deal value and volume in the transportation and logistics industry in third quarter 2016 fell 30 percent and 11 percent, respectively, from the previous quarter, according to a new […]
The Hong Kong-based carrier transported 5.2 percent more containers in the third quarter of 2016 compared to a year earlier, but average revenue per TEU for the quarter fell 18.1 […]
U.S. gross domestic product increased 2.9 percent in the third quarter of 2016, according to the “advance” estimate from the Department of Commerce, following a revised increase of 1.4 percent […]
In addition to the six 13,010-TEU Hanjin Shipping vessels to be chartered to Maersk Line, a group led by HSH Nordbank could also acquire another three ships and lease them […]
The truckload transportation and logistics services provider reported a net income of $23.4 million on $280.5 million in revenues in the third quarter of 2016, year-over-year decreases of 22.9 percent […]
Pacific Merchant Shipping Association President John McLaurin said emissions could just end up being switched to other parts of the country.
The Shanghai Containerized Freight Index increased 11.3 percent from last week to a reading of 884.95, thanks to sharp increases from Shanghai to Northwest Europe and the Mediterranean.
The International Brotherhood of Teamsters has asked the National Mediation Board to investigate whether two subsidiaries of the Air Transport Services Group should operate as one.
Less-than-truckload holding company YRC Worldwide saw net income in third quarter 2016 slide 29.8 percent to $13.9 million, but earnings were still up 19.8 percent through the first nine months […]
European shipowners were relieved Thursday when the Belgian delegation to the EU and Canadian negotiations involving the Comprehensive Economic and Trade Agreement had agreed to move forward with the trade […]
The less-than-truckload carrier reported a net income of $85.6 million on revenues of $782.6 million for the third quarter of 2016, year-over-year increases of 1.4 percent and 0.4 percent, respectively.
The technology startup Otto and Budweiser have completed the world’s first shipment by a self-driving truck.
International Airlines Group subsidiary IAG Cargo had revenues of 240 million euros for the third quarter of 2016, down 7 percent from the third quarter of 2015.
Iranian national Mansour Moghtaderi Zadeh pleaded guilty Thursday to taking part in a conspiracy involving the purchase and shipment of aviation parts and supplies from the United States to Iran […]
DHL Supply Chain picks transportation president, while Kane Is Able names senior VP of transportation and solutions.
XPO Logistics said the sale of its truckload operations includes approximately 3,000 tractors, 7,500 trailers and 29 facilities it acquired in its October 2015 purchase of Con-way Inc., and proceeds […]
The French shipping company, which acquired Neptune Orient Lines and its APL subsidiary earlier this year, is seeking a buyer for the APL container terminals.
The Atlanta, Ga.-based shipping and logistics provider reported year-over-year increases in net income and revenues for the third quarter of 2016 despite pressure from changes in fuel surcharges and currency […]
The Northwest Seaport Alliance will release two new mobile applications, DrayQ and DrayLink, in early November as part of an effort to speed cargo flow through the ports of Seattle […]
A group led by the Competitive Enterprise Institute sent a letter to Congress calling the Surface Transportation Board’s proposal to increase reciprocal switching an “unlawful attempt to push the U.S. […]
The New-Zealand based company said the system is targeted at exporters and logistics companies needing to weight containers outside of ports and other high volume container hubs.
The combined companies will have gross revenues approaching $1 billion and will manage more than 700,000 intermodal, truckload and less-than-truckload shipments annually.
Tailwind Capital has acquired the third-party automotive logistics provider from Corinthian Capital Group for an undisclosed sum, according to statements from the firm and BB&T Capital Markets, which served as […]
The Oak Brook, Ill.-based multi-modal transportation management company saw net income fall 9.6 percent to $17.9 million in the third quarter of 2016 despite a 3.7 percent increase in revenues […]
The freight broker and third-party logistics provider also said Wednesday it has completed the integration of truckload-oriented freight broker Command Transportation, LLC, which it acquired in June 2015 for $420 […]
Under an agreement reached earlier this year, Ports America Chesapeake will assume operational responsibility for the Seagirt Container Transfer Facility at the Port of Baltimore on Oct. 31, the port […]
The Houston, Texas-based tank barge operator posted a net income of $32 million for the quarter, a 43.7 percent drop from $56.8 million in the third of quarter 2015, according […]
Richard G. Phillips will remain chief executive officer of Pilot Freight Services, and his family “will maintain a significant equity stake” in the company.
The railroad transportation equipment manufacturer posted net earnings of $183.2 million in fiscal 2016, ended Aug. 31, a 5 percent decrease from the previous fiscal year, even as revenues reached […]
Anchorage, Alaska-based Northern Air Cargo will commence a twice-weekly freighter route connecting Miami International Airport with Puerto Rico and Saint Martin, and two weekly routes between MIA and the Dominican […]
The decision to lower the global cap on the amount of sulfur in marine fuel from 3.5 percent to 0.5 percent in 2020 could cause shipping costs to rise drastically.
The third-party logistics provider’s earnings per share for Q3 2016 fell short of analyst expectations, largely due to net revenue margin pressure as contractual sell rates fell faster than spot […]
The port terminal operator arm of the recently merged China COSCO Shipping saw net profits from continuing operations tumble 37.3 percent to $43.9 million in third quarter 2016 despite a […]
The National Retail Federation, the California Trucking Association Intermodal Conference and the Harbor Trucking Association have proposed a “joint powers authority” to oversee funding of night and weekend terminal operations.
Mohab Mamish, chairman of Egypt’s Suez Canal Authority, told the Wall Street Journal the authority is asking regular users of the canal to pay for fees as much as five […]
The Class I railway’s net income rose 2 percent year-over-year in the third quarter of 2016 to $460 million, despite a weak coal segment.
The expansion will include a new runway to ease capacity constraints and could benefit the UK economy by as much as 61 billion British pounds and create as many as […]
Two German shipping companies that owned and operated the cargo vessel Nils B have pleaded guilty before a federal court in San Diego on Tuesday to charges of dumping oily […]
Montreal, Canada-based Class I railway Canadian National saw net income for the third quarter of 2016 fall 2.9 percent to C$972 million (U.S. $727.6 million) on revenues that slid 6 […]
Trucking and intermodal carrier Swift Transportation grew net income 4.7 percent year-over-year to $38 million in third quarter 2016 on revenues that slipped 4.9 percent to $1.01 billion compared with […]
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.
