The voyage data recorder from the El Faro, the cargo ship that sank during Hurricane Joaquin on Oct. 1, 2015, has officially been retrieved.
The national postal carrier of Australia has purchased a 4.5 percent stake in global transportation and logistics provider Aramex for a reported $100 million Australian (U.S. $76 million) in an […]
A project at the South Atlantic port’s Blount Island Marine Terminal on Berth 35 to install a high-voltage electrical system in anticipation of the arrival of three new 100-gauge electric […]
The service, which is designed for urgent, time-sensitive and high value international heavyweight shipments over 150 pounds, is now offered to 66 origin and 64 destination countries and territories.
The air cargo handler began its contracts with Air India and Icelandair Aug. 1 and will start its services for Rossiya/Aeroflot Oct. 1.
Troy Container Line names less-than-containerload documentation manager, while the Transportation Marketing & Sales Association picks Education Committee chairman.
The German ocean carrier said the 20 percent year-over-year drop in revenues to $2.1 billion for the quarter reflected subdued economic growth in many parts of the world, tough competition […]
The voyage data recorder from the El Faro, the cargo ship that sank during Hurricane Joaquin on Oct. 1, 2015, has officially been retrieved.
The air cargo services provider reported a loss per diluted share of $0.26 in second quarter 2016 compared with a $1.13 per share gain in the same 2015 period due […]
Trade organizations representing shippers and transportation organizations on Monday sent a letter to ILWU President Robert McEllrath and PMA Chairman and CEO James McKenna, requesting discussions begin on either a […]
Overall intermodal traffic in North America fell 6.1 percent in second quarter 2016, the first volume decline in 25 consecutive quarters, according to data from the Intermodal Association of North […]
The expanded turning basin project, which allows the port to handle post-Panamax vessels with a length of 1,150 feet and a breadth of 158 feet, involved the removal of an […]
The Montreal, Canada-based plane and train manufacturer saw revenues slip 6.7 percent year-over-year to $4.31 billion due to tepid demand for business jets and startup costs related to production of […]
The 800,000-square-foot FedEx Ground distribution center in Allen Township, Pa. is expected to create 680 jobs when it opens in late 2018, according to a statement from Pennsylvania Gov. Tom […]
Berkshire Hathaway-owned BNSF Railway Co. reported a net income of $772 million in the second quarter of 2016 and $1.56 billion in the first half of the year, decreases of […]
The German cargo airline acquired same-day delivery company time:matters Group, which it had originally spun off as a subsidiary in 2002.
In addition to launching a project to partially automate its container terminal, which will drastically increase the terminal’s handling capacity, the Ports of Auckland formed an alliance with Napier Port.
The third-party logistics provider is opening new facilities in Germany, Austria and France.
Turkish port operator Yilport Holding secured a 50-year concession to develop Puerto Bolívar Port and committed to invest $750 million in the Ecuadorian port.
Transportation and logistics companies added 11,700 positions last month, following a revised decrease of 6,700 jobs in June and a 4,500-job gain in May, according to recent preliminary data from […]
The nation’s largest brick and mortar retailer said the deal positions it for expanded e-commerce growth.
Korea’s Financial Supervisory Service said Sunday it is pushing 32 companies to restructure debts through voluntary workouts or court receivership programs.
Investment fund Pershing Square Capital Management, run by billionaire activist investor Bill Ackman, will sell its 9.8 million shares in Canadian Pacific Railway Ltd., the two companies said in separate […]
The Californian port said empty container volumes rose in July as shipping lines repositioned boxes to prepare for an anticipated uptick in peak-season cargo.
Combined United States carload and intermodal cargo volumes fell 7.9 percent for the month compared with July 2015 and 7.4 percent for the first seven months of 2016, according to […]
Under the agreement, the Chinese Export-Import Bank will provide financial support, consultation, overseas investments and equity acquisition to the newly merged shipping conglomerate to help the company optimize its fleets, […]
A one-time newspaper reporter, Helen Delich Bentley, was a strong advocate for the maritime industry, particularly the Port of Baltimore.
Under the new partnership, the state’s first inland terminal will handle up to 30,000 TEUs annually for Kia Motor Manufacturing Georgia to supply the automobile manufacturer’s plant in West Point, […]
However, Agility’s Q2 revenues slipped 6 percent year-over-year to 309 million Kuwaiti Dinars, as its Global Integrated Logistics business posted a 10 percent year-over-year drop in revenues from lower shipping […]
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd announced rate increases on several trades.
C.C. Tung, chairman of OOIL, said the industry faced difficult market conditions in the first half of 2016, and the second half of the year will be difficult if deployed […]
The Netherlands-based third-party logistics provider posted a second quarter loss before interest and taxes (EBIT) of $34 million compared with a $51 million loss the prior year, according to the […]
APM Terminals has agreed to a $43.2 million “reparation” payment to avoid losing its concession at Puerto Quetzal in Guatemala despite the fact that alleged offences occurred before the company […]
The alliance, which was formed one year ago between the ports of Seattle and Tacoma, is 90 percent complete with the design for Terminal 5 in Seattle, another terminal that […]
The Danish global transport and logistics provider reported gross profits of 7.8 billion Danish krone on revenues of 32.9 billion Danish krone for the first half of 2016, year-over-year increases […]
The German airline group’s logistics division reported a loss before interest and tax (EBIT) of 27 million euros in second quarter 2016 compared with a 68 million euro loss the […]
The Le Havre, France-based food logistics specialist will build and operate a 30,000-square-foot temperature controlled warehouse facility in the South Florida Logistics Center next to Miami International Airport and just […]
The largest containership to have ever called the Port of Philadelphia was the 8,800-TEU MSC Sophia Celeste on Wednesday.
Iron ore shipments along the Great Lakes and St. Lawrence Seaway in July most commonly originated from Two Harbors, Minn., followed by Superior, Wis.; Presque Isle, Mich.; and Port Cartier, […]
The London-based information technology provider partnered with Penta Solutions to expand its system to small and midsized freight forwarders in Pakistan.
However, chassis lessors oppose the West Coast Marine Terminal Operator Agreement members’ plan to implement a $5 fee on chassis that move in and out of container terminals at the […]
BNSF and Union Pacific have filed a lawsuit challenging a California law that would create a Regional Railroad Accident Preparedness and Immediate Response Force funded by fees collected by the […]
Cargo shipments bounced back in June 2016, increasing 2.7 percent year-over-year, following several months of declines, according to industry analyst World ACD.
Meanwhile, the Korea Herald said HMM is looking for a new CEO with possible candidates including former HMM CEO Noh Jeong-ik and former APL CEO Ron Widdows, while Widdows informed […]
Ten empty containers fell overboard the 14,000-TEU MSC Alexandra after its collision with a tanker in the Singapore Straight Wednesday at around 23:55 local time.
The London-based shipping consultant said the focus of the industry is shifting away from greenfield projects to mergers and acquisitions.
The third-party logistics provider’s two reporting segments – transportation and logistics – both experienced year-over-year increases in operating income and gross revenues resulting from various acquisitions throughout 2015.
However, the $113.9 million deal is still subject to approval by the Baltic Exchange shareholders.
The industrial minerals producer will acquire Sandbox, which provides innovative logistics solutions and technology for the transportation of proppant, the sand used for hydraulic fracturing in the oil and gas […]
The cement company’s terminal in Providence, R.I. will serve the entire New England construction market, including the metropolitan areas of Providence and Boston, as well as the rest of Rhode […]
A managed affiliate of the private railroad and transportation management company this week began operating the former Heart of Texas Railroad, which it purchased in May for an undisclosed sum.
The Fort Worth, Texas-based railway and the Port of Los Angeles are appealing a judgment that halted plans by the railroad to build the Southern California Intermodal Gateway.
The port said the improvements are needed in order for it to handle the current and future generations of ultra-large containerships.
Looking ahead, the Honolulu-based liner carrier said it expects the $197.6 million acquisition of Span Alaska to close early this month.
The Seattle, Wash.-based global logistics provider’s diluted net earnings per share totaled $0.63 per share for the second quarter of 2016, a year-over-year increase of 3 percent, according to the […]
The North American Chassis Pool Cooperative has partnered with Consolidated Chassis Management to operate a pool of 40-foot premium chassis available for short and long-term use, the organization said Monday.
Darien, Conn.-based short line railroad operator Genesee & Wyoming Inc. reported net income of $48.4 million on $501.4 million in revenues for second quarter 2016, year-over-year decreases of 8.3 percent […]
The Singapore Exchange Ltd. is expected to make a formal offer shortly to purchase London’s Baltic Exchange, and sources put the value of the potential deal around $100 million.
The Los Angeles-based customs broker, which is a division of APL Logistics, opened a new office in Charlotte, N.C.
The industrial real estate development and management firm established a distribution center in Goodyear, Ariz. for Michael Lewis Company.
The third-party logistics provider opened a 33,000-square-foot temperature-controlled distribution center in Phnom Penh, Cambodia.
Union Pacific promotes VPs and Aljex Software names VP of sales and marketing, while CentrePort Canada appoints CFO and the Allen Lund Co. picks Atlanta office manager.
Meanwhile, the Bonn, Germany-based parcel carrier is withdrawing from long-distance bus service and selling its Postbus unit to FlixMobility GmbH for an undisclosed price, Deutsche Post DHL Group said in […]
The total value of cross-border freight between the United States and North American trading partners Canada and Mexico slipped another 3.1 percent year-over-year in May 2016, according to the Bureau […]
Meanwhile, the Athens-based containership owner and chartering company struck a charter rate reduction deal with South Korean ocean carrier Hyundai Merchant Marine.
The West Coast Marine Terminal Operators Agreement postponed the implementation date of the $5 chassis fee imposed by container terminals at the ports of Los Angeles and Long Beach from […]
The new Greensboro, N.C.-based airfreight carrier received clearance from the U.S. Department of Transportation to begin scheduled domestic and international service using its two 767-200ER aircraft.
The U.S. Justice Department said Jacintoport International and Seaboard Marine Ltd. have agreed to pay $1.075 million to settle a lawsuit alleging that the companies violated the False Claims Act.
TOTE Maritime Puerto Rico formed a partnership with INTERSHIP to establish a terminal operating company called Puerto Rico Terminals, which will combine $38 million worth of existing assets at the […]
Denis V. Ilin is stepping down from his position as executive president of the airfreight carrier after three years, in accordance with mutual agreements, parent company Volga-Dnepr Group said in […]
Superior, Wis.-based Fraser Shipyards has been accused of exposing workers to hazardous conditions during the six-month retrofit project of a 690-foot freighter.
The South Korean shipping and logistics firm will invest 480 million Chinese yuan renminbi for a 50 percent share of Shenzen Speedex Commercial Service, a subsidiary of Chinese electronics manufacturer […]
England Logistics names business development manager for new Atlanta office, while maritime solicitor Tatham Macinnes adds partner.
The shipping advocacy group adopted the goal of ending container shipping charges, which it said can sometimes exceed the contracted price for shipments making the management of total shipping costs […]
The Surface Transportation Board last week issued two decisions in passenger rail proceedings, one of which included the withdrawal of a previous proposal that would have allowed railroads to prioritize […]
The truckload transportation and logistics services provider reported a net income of $24.7 million in the second quarter of 2016 and $47.2 million in the first half of 2016, year-over-year […]
The airfreight carrier reported commercial revenues of 241 million euros for the quarter, a 12 percent decrease from second quarter 2015, according to the company’s most recent financial statements.
The Port of New York and New Jersey, which experienced the second busiest June ever for box volumes, was called by a 10,077-TEU containership at the GCT Bayonne Terminal.
The international oil shipping services provider, which paid Bretta Tanker Holdings $15.1 million in the second quarter of 2016, saw profits for the first half of 2016 slip 11.3 percent […]
The tank barge operator’s President and CEO David Grzebinski said the company lowered its full year 2016 EPS guidance to a range of $2.40 to $2.70 to reflect a potential […]
The U.S. Federal Maritime Commission has received six license applications and changes for review. The FMC received a non-vessel-operating common carrier/ocean freight forwarder license application from Perimeter International, Irving, Texas […]
The U.S. Federal Maritime Commission has received six ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received six ocean transportation intermediary license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from Ma […]
The U.S. Federal Maritime Commission has received six ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received six ocean transportation intermediary license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from B&C Luxury […]
The U.S. Federal Maritime Commission has received six license applications and changes for review. The FMC received non-vessel-operating common carrier/ocean freight forwarder license applications from NC Freight & […]
FMC reviews 6 OTI license applications
The U.S. Federal Maritime Commission has received six ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received six ocean transportation intermediary license applications and changes for review.
Integrity Logistics names VP of operations, while AirBridgeCargo Airlines’ executive VP resigns.
The U.S.-based marine transportation company, which has offices in Mobile, New York, Tampa and Shanghai, and its subsidiaries, have filed for Chapter 11 relief in the United States Bankruptcy Court […]
The U.S.-based marine transportation company, which has offices in Mobile, New York, Tampa and Shanghai, and its subsidiaries, have filed for Chapter 11 relief in the United States Bankruptcy Court […]
The U.S. gross domestic product increased 1.2 percent in the second quarter of 2016, according to the “advance” estimate from the Department of Commerce, following a revised increase of just […]
The Atlanta, Ga.-based parcel giant posted a net income of $1.27 billion for the second quarter of 2016 on revenues of $14.63 billion, year-over-year increases of 3.2 percent and 3.8 […]
The German forwarder discussed at a press conference in Chicago Wednesday its $137 million investment plan in the U.S. domestic and cross-border e-commerce market, along with its vast expansion in […]
Rates from Shanghai to Northwest Europe, which hold a 20 percent weight on the overall index, skyrocketed 57.8 percent since last week, from $713 per TEU to $1,125 per TEU.
The Dubai-based port terminal operator signed a 30-year lease with Port Saint John on the East Coast of Canada to operate its West Side Container Terminal, DP World and port […]
Less-than-truckload holding company YRC Worldwide increased net income in second quarter 2016 4.2 percent to $27.1 million despite revenues falling 4 percent to $1.21 billion compared to the same 2015 […]
The transportation management company posted a net income of $20.7 million on revenues of $856 million for the second quarter of 2016.
SCI names new CEO, while the Louisiana governor appoints commissioner to the Port of New Orleans board.
