Members of California’s congressional delegation asked the federal government to get involved in the Hanjin insolvency, and Rep. Loretta Sanchez said Hanjin’s stranded ships may have goods needed to keep […]
The South Korean ocean carrier filed for recognition of its Korean insolvency proceeding in the United States Friday in the U.S. Bankruptcy Court for the District of New Jersey and […]
The shipping industry is being roiled by Hanjin’s decision to file receivership, with spot rates surging, cargo being stranded on vessels, and now lawsuits are being filed by shipowners.
The ocean carrier’s revenue declined to $3.5 billion ($3.3 billion excluding the contribution from NOL) from the $4.1 billion in the second quarter of 2015 as the persistent pressure on […]
The ports of Savannah and Brunswick will be closed for operations Friday, Sept. 2, 2016, as a result of expected severe weather caused by Hurricane Hermine, which was recently upgraded […]
The Shanghai Containerized Freight Index jumped 27.9 percent since last week to a reading of 763.06, reflecting Hanjin’s decision to file for receivership.
The U.S. Surface Transportation Board issued an Advance Notice of Proposed Rulemaking proposing a new procedure to resolve small rate disputes between shippers and Class I railroads.
The $2.1 million project to deepen the port’s main navigation channel was shared between the U.S. Army Corps of Engineers and the Port Authority of New York and New Jersey.
The national mail carrier of Canada reached a two-year stop-gap employment agreement with the Canadian Union of Postal Workers in order to avoid work disruptions, according to statements from both […]
Cargo shipments grew for the second straight month in July 2016, rising 1.8 percent compared with the same 2015 period after a 2.7 percent year-over-year increase in June, according to […]
Syed Vagar Ashraf of Lahore, Pakistan was sentenced to 33 months in jail by U.S. District Judge Rosemary Marquez of the District of Arizona for attempting to export controlled items […]
Annualized turnover rates at large truckload fleets fell another 6 percentage points to 83 percent in the second quarter of 2016, the lowest level in five years, according to the […]
The OmniTrax affiliate, which offers rail freight service between Tulsa and Sand Springs, Okla. purchased the 146-acre Gerdau steel mill property for an undisclosed price, according to a statement from […]
Norm Krehbiel, who has been named the Port of Longview’s new chief executive officer, originally joined the port in 1993 as director of facilities and engineers, and was later named […]
The sports apparel maker said it plans to open a 1.3 million-square-foot distribution and warehouse facility at Sparrows Point in Baltimore County as part of the Tradepoint Atlantic redevelopment project.
Joseph F. Sutter, considered within the aviation industry as the pioneering engineer who led the development of the Boeing 747, died Aug. 30 at the age of 95.
Logistics and marine services provider GAC Group shuffles regional VPs, while Virgin Atlantic Cargo appoints regional sales manager for continental Europe.
The ports of Savannah and Brunswick will be closed for operations tomorrow, Sept. 2, 2016, as a result of expected severe weather caused by Hurricane Hermine, which was recently upgraded […]
Carriers may seek to “turn the table” on shippers who drove hard bargains, but an upturn in rates may be short-lived.
The total value of cross-border freight between the United States and North American trading partners Canada and Mexico slipped another 6.4 percent year-over-year in June 2016, according to the Bureau […]
The overall rate of fatal crashes involving passenger vehicles increased for the first time in three years to 1.12 deaths per 100 million vehicle miles travelled, according to a recent […]
Under the new agreement, POST Luxembourg and Singapore Post, the national mail carriers of their respective countries, will offer comprehensive end-to-end e-commerce logistics solutions between Asia and Europe, the companies […]
Cold chain solutions provider CSafe Global acquired Kalibox, adding over 5,000 square meters of manufacturing in two European locations to CSafe’s current six North American locations that have a combined […]
The Belgian port has entered into an agreement with the Ivory Coast to help with the expansion of port logistics operations at San Pedro.
Hamburg-based bulk logistics company Hoyer took over plant logistics for Covestro within the Shanghai Chemical Industrial Park.
Export volumes in New Zealand increased 10 percent for the second quarter of 2016, after adjusting for the usual seasonal patterns.
U.S. Customs and Border Protection said the shoes were seized by staff assigned to the ports of Los Angles and Long Beach, and if genuine, they would have had a […]
Hong Kong-based third-party logistics services provider U-Freight Group said it’s making investments to redevelop a number of warehouses in its network to better accommodate the future needs of the e-commerce […]
The cargo handling division of International Airlines Group has commenced a new service from London to Tehran, offering air cargo forwarders six flights per week to and from Iran through […]
Memphis, Tenn.-based third-party logistics provider Mallory Alexander appoints chief administrative officer, while the Port Authority of New York and New Jersey selects general counsel.
Following Hanjin Shipping filing for receivership, Hyundai Merchant Marine will start up two new services, one between Korea and the U.S. and one between Korea and Europe.
The 3rd U.S. Circuit Court of Appeals affirmed the dismissal of a federal complaint filed against the Waterfront Commission of New York Harbor over a hiring dispute.
UPS Airlines’ pilots represented by the Independent Pilots Association today ratified a new five-year labor agreement with over 91 percent voting in favor of the deal, according to a statement […]
The U.S. Transportation Department’s Federal Highway Administration said it will release $14.2 million in grants to a total of seven states through a grant program that was established by the […]
Through its subsidiary MOL Information Systems, the Japanese ocean carrier will conduct a joint study on the analysis and use of big data in ocean shipping with Yokohama National University.
The U.S. Commerce Department found that dumping occurred by Prinx Chengshan (Shandong) Tire Co., Ltd. at a preliminary dumping margin of 20.87 percent, while other Chinese producers and exporters of […]
The New Wave Group, a wide-ranging manufacturer whose brands include Craft, Speedo, Pax, Ahead, Clique and Kosta Boda, signed an exclusive three-year contract with DHL Global Forwarding for ocean transportation.
The Hamburg-based maritime services provider reported a net loss of 131.5 million euros for the first half of 2016 on revenues of 249.3 million euros.
Korea’s Financial Services Commission said the government will promote sales of Hanjin Shipping’s core assets to Hyundai Merchant Marine in a bid to maintain competitiveness of the Korean shipping industry.
Korea’s Financial Services Commission said the government will promote sales of Hanjin Shipping’s core assets to Hyundai Merchant Marine in a bid to maintain competitiveness of the Korean shipping industry.
The ocean carrier reported a net loss of 7.21 billion yuan renminbi in the first six months of the year compared with a 1.97 billion yuan renminbi profit in the […]
U.S. industrial conglomerate Honeywell completed a $1.5 billion purchase of Intelligrated, an information technology specialist in supply chain and warehouse automation.
Legislation signed last week by Gov. Jerry Brown may have dealt the final blow to a Port of Oakland plan to bring coal cargoes to its terminals by prohibiting the […]
Shipping research and consulting firm Drewry projects the global leased container equipment operating fleet will increase by a little more than 1 percent in 2016.
The Jersey City, N.J.-based Great Lakes bulk carrier has completed agreements with lenders to amend prior credit terms and waive certain default penalties, the company said in a statement.
The Japanese liner carrier established a cargo-handling joint venture in Mumbai, India that will initially handle car carriers, but will eventually include other types of vessels.
The future of South Korea’s largest container shipping company looks grim, with numerous media outlets reporting lenders are refusing to extend the company additional credit.
U.S. gross domestic product increased 1.1 percent in the second quarter of 2016, according to the “second” estimate from the Department of Commerce, following a revised increase of just 0.8 […]
The South Korean ocean carrier has reached a deal with containership charterers and other creditors, according to Korean media outlets.
The German ocean carrier’s shareholders of Friday approved all items on the agenda for the annual meeting, most notably including the approval of new authorized share capital, which will be […]
In addition to a 7 percent increase in container cargo, the severe congestion seen last year at ports along the U.S. West Coast caused an increase in diesel particulate matter, […]
The containership lessor sold 3.2 million Series G shares at $25 per share ($80 million) in an offering that closed Friday, and 9 million Series H shares earlier this month […]
The liquefied national gas (LNG) terminal has been expanded to include a third berth for small LNG vessels, which will enable distribution to LNG terminals in other ports in the […]
The Westbury, N.Y.-based non-vessel-operating common carrier opened a new office in Dubai and now operates 18 offices and works with over 120 agents worldwide.
Kalmar, a subsidiary of cargo-handling equipment and systems manufacturer Cargotec, appoints new head of the Asia-Pacific region, while the Florida East Coast Railway names VP of carload sales.
With 13 of the top 20 container lines reporting combined losses of $2.5 billion in the first half alone, industry losses will likely range from $8 billion to $10 billion […]
The Shanghai Containerized Freight Index slipped 0.2 percent since last week to a reading of 596.38.
However, Hanjin’s creditors plan to decide whether to put the liner carrier under receivership by Tuesday, Yonhap news agency reported.
The new regulation, Chapter 173-185 WAC, Oil Movement by Rail and Pipeline Notification, establishes reporting standards for facilities receiving crude oil transported by rail and pipeline, according to the Washington […]
Reported cargo thefts in the state of Rio de Janeiro for the second quarter surged 34 percent year-over-year to 2,151 reported incidents as the nation’s economy continues to shed jobs.
The parcel giant’s trucking unit plans to lay off 80 workers during third quarter 2016, and another 80 over the next year as part of an effort to cut costs […]
Rickmers Holding AG and E.R. Capital Holding said they have jointly decided not to pursue the merger of their ship management activities “for the time being.”
The United States boosted steel import volumes 12.3 percent month-over-month in July to 3.17 million net tons, thanks to a surge in steel imports from Brazil.
The Honolulu-based shipping company agreed to pay $511 million for both of the Kanaloa Class vessels from General Dynamics NASSCO.
SEKO Logistics named Michael Christensen president of SaaS and CPO of International Supply Chain Solutions to lead a new business unit focusing on the third-party logistics provider’s service-as-a-software technology solutions.
The ocean carrier alliance will skip the Oct. 11 voyage on its North Pacific 3 (NP3) service between Asia and the Pacific Northwest in response to “expected low demand in […]
The Icelandic shipping company reported net earnings of 8.8 million euros on revenues of 126.1 million euros for the second quarter of 2016.
The Houston, Texas-based third-party logistics provider moved into a new 34,000-square-foot warehouse and office complex adjacent to the London Heathrow Airport in an effort to enhance its UK market presence.
The voyage data recorder from the U.S.-flag cargo ship that sank Oct. 1, 2015 near the Bahamas was in good condition and revealed bridge audio, weather data and navigational data.
Members of the U.S. Federal Maritime Commission voted in favor of requesting additional information from the four shipping companies planning to create the Ocean Alliance.
The South Korean ocean carrier submitted a financial improvement plan to the state-run Korea Development Bank Thursday, but did not reveal details on the plan.
CDPQ Infra has signed an agreement to acquire the aerial structure leading to Central Station in Montreal from Canadian National Railway and use the station as an intermodal hub for […]
Under a new five-year agreement, Atlas Air Worldwide Holdings will provide FedEx Express with five 747-400 freighter aircraft during peak flying season, which generally takes place in December but can […]
Major freight railroads in the United States employed 152,718 workers as of the middle of July 2016, up 0.19 percent from the previous month but down 10.71 percent year-over-year, according […]
The Jacksonville, Fla.-based Class I railway will place more, longer trains, as well as run them faster, on its tracks between Seymour and Butlerville, Ind., the company said in a […]
Evergreen Line and “K” Line will be joining the Asia-ISC dedicated PMX loop, which will soon be changing its ports of call, while the two carriers will also launch the […]
The Atlanta, Ga.-based parcel giant launched a $300 million expansion that will increase the size of its Centennial package facility in Louisville, Ky. to 838,000 square feet and nearly double […]
Parts manufacturer Delphi Automotive has joined forces with Mobileye, a developer of computer vision systems focused on the automotive industry, to develop a fully automated driving solution by 2019, according […]
Shanghai Pudong Int’l Airport Cargo Terminal, the largest airfreight handling services provider at Shanghai Airport, in the first seven months of 2016 saw volumes grow 2 percent to 919,461 metric […]
The cargo airline has expanded its international long-haul cargo sales and management agreement with counterpart airline, Virgin Australia Cargo.
Chinese e-commerce solutions provider Baozun Inc. created Baotong E-logistics, a wholly-owned warehousing and logistics subsidiary.
project44 has appointed chief IT architect and VP of global sales, while the Transportation Intermediaries Association names marketing director.
The Northern Sea Route, which can cut 12 to 15 days off voyage times between Asia and North Europe compared to the traditional Suez Canal routing, is currently only usable […]
The voyage data recorder from the U.S.-flag cargo ship that sank Oct. 1, 2015 near the Bahamas was in good condition and revealed bridge audio, weather data and navigational data.
The German ocean carrier said its merger with UASC will create the world’s fifth largest container carrier and secure the large ships it needs for the Far East-Europe trade.
The port terminal operator division of China COSCO Shipping Corp. posted net profits attributable to equity shareholders of the company of $171.9 million on revenues of $275 million, year-over-year declines […]
Container volumes in the transpacific trade between Asia and West Coast North America jumped 5.5 percent year-over-year in the first six months of 2016, while Asia-Europe volumes ticked up 1.1 […]
The U.S. International Trade Commission has released a new web-based interface that allows the public to more easily monitor changes in U.S. imports.
The London-based shipping research and consulting firm said it forecasts slow growth in the world container fleet of four to five percent per year through 2019.
The seasonally adjusted For-Hire Truck Tonnage Index equaled 134.3 for the month, down 2.1 percent from June but up 0.3 percent compared with July 2015, following a 1.6 percent decrease […]
In addition to skipped sailings in the transpacific trade, the G6 Alliance will void one sailing each on its Loop 5 and Loop 7 services between Asia and North Europe […]
Airfreight markets in the first six months of 2016 were “substantially weaker” than passenger markets, posting marginal 0.5 percent year-over-year growth, according to data from Airports Council International.
The Omaha, Neb.-based Class I railway applied for a Presidential Permit to operate and maintain the Brownsville West Rail Bypass International Bridge.
Surface Transportation Board Chairman Daniel R. Elliott III will no longer send an annual letter to the industry asking Class I and other railroads to comment on their end-of-year outlook […]
Worldwide Flight Services appoints new CEO, while CSafe names director of strategic life science sales.
However, individual terminals at the ports of Los Angeles and Long Beach will negotiate directly with chassis leasing companies over compensation for storing chassis and providing services to lessors.
However, individual terminals at the ports of Los Angeles and Long Beach will negotiate directly with chassis leasing companies over compensation for storing chassis and providing services to lessors.
A survey from same day delivery company CitySprint revealed 47 percent of small and medium enterprises in the United Kingdom do not anticipate any disruptive impact from the Brexit, but […]
The global logistics and transportation services provider commenced operations at Pier 80 at the Port of San Francisco yesterday where it was awarded a 15-year lease to operate the terminal.
The Hong Kong-based third-party logistics provider increased net profit 1 percent to $548 million Hong Kong (U.S. $70.7 million) compared with the first half of 2015 as revenues grew 3 […]
