Meanwhile, just this Friday, the Shanghai Shipping Exchange said its Shanghai Containerized Freight Index declined 6.2 percent from last Friday’s reading of 670.29 to a reading of 628.59.
William E. (Bill) Woodhour became president of Maersk Line, Ltd. (MLL) July 1 and will eventually become chief executive officer of the company, taking over from Russ Bruner, who has […]
Trucking and intermodal carrier Swift Transportation reported net income of $42.9 million on revenues of $1.01 billion for the second quarter of 2016, year-over-year decreases of 15.9 percent and 4.5 […]
Leadership changes at the American Trucking Associations continued under new President and CEO Chris Spear, as the industry group named new executive vice presidents of legal affairs, communications and public […]
REZ-1, Inc., a provider of asset management, equipment reservation, billing and reload services to the domestic intermodal industry, has agreed to purchase cloud-based logistics and transportation management solutions provider International […]
The Swiss-based global freight forwarder reported net earnings fell to 21.8 million Swiss francs (U.S. $22.11 million) from CHF45.3 million the previous year, due primarily to onetime costs from a […]
The Class I railroad’s net income and operating revenues fell 19 percent and 12 percent year-over-year, respectively, in Q2 2016, as the strong U.S. dollar on exports and weak demand […]
The transportation and logistics company’s net income for the second quarter of 2016 fell 43 percent year-over-year to $18.3 million, resulting from sluggish freight market conditions, the pay increase for […]
Cincinnati, Ohio-based third-party provider Total Quality Logistics will open its newest sales office in Salt Lake City, Utah on Aug. 8, the company said in a statement.
The airline said its new JFK airport facility is designed to handle an array of cargo, including pharmaceuticals and live animals, in addition to general freight.
A.N. Deringer appoints national sales manager and A.R.C. Transit names chief marketing officer, while Akin Gump gains former Commerce Department textiles and apparel trade official.
The International Monetary Fund is forecasting the global economy to increase at a 3.1 percent pace in 2016 and 3.4 percent in 2017, both down 0.1 percentage points from previous […]
Captain John Loftus, who was fired in 2013 after working for Horizon Line for 20 years, has been awarded $655,000 in back wages, $225,000 in punitive damages, $10,000 for emotional […]
The 2M Alliance carriers’ TP12/Empire will become an eastbound around-the-world service in September, instead of using the Suez Canal in both directions.
The U.S. Department of Transportation has granted FedEx’s uncontested application to the rights to operate a five-times-weekly freighter service between Miami, Fla. and the city of Matanzas in Cuba.
Calgary-based Class I railway Canadian Pacific posted a net income of $328 million Canadian (U.S. $251 million) in the second quarter of 2016 on revenues of C$1.45 billion.
The Philadelphia Regional Port Authority’s board of directors has named Jeff Theobald as its new chief executive officer, replacing James T. McDermott, Jr.
Pricing dropped another 1.5 percent for the month compared with June 2015, according to the latest Cass Intermodal Price Index, and analysts with Avondale Partners expect this trend to continue […]
The recent killing of four people in Almaty, the country’s largest city, and resulting anti-terror campaign will likely result in heightened inspections and shipment delays, according to a recent client […]
The South Carolina Ports Authority’s terminals handled 1.9 million TEUs of containerized cargo during its 2016 fiscal year, which ended June 30, a 1.4 percent year-over-year increase.
Truckload pricing dipped another 1.8 percent in June 2016 compared to the same 2015 period, the fourth consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
The European port’s breakbulk segment posted higher volumes year-over-year in the first half of 2016, while the container, dry bulk and liquid bulk segments experienced declines.
United States truck trailer net orders totaled 11,900 units in June 2016, a 10 percent decrease from May and a 56 percent drop from the same 2015 period, according to […]
The U.S. Department of Transportation has picked four airlines that are expected to provide new daytime flights to Tokyo, Japan’s Haneda Airport as early as this fall.
The Memphis, Tenn.-based logistics company formed a new division, Dunavant Logistics Leasing Group, providing equipment throughout the Continental United States, Alaska, Hawaii and the Caribbean.
The expanded Panama Canal locks, which just opened June 26 to handle vessels up to 14,000 TEUs, are expected to reshape U.S. East Coast port operations.
The Philadelphia Regional Port Authority’s board of directors has named Jeff Theobald as its new chief executive officer, replacing James T. McDermott, Jr.
The vessel sharing alliance, which expects to launch in April 2017, is contemplating initially deploying up to 175 container vessels in U.S. trades, according to a Federal Maritime Commission filing.
The European Commission handed down fines totaling 2.93 billion euros (U.S. $3.32 billion) to five truck makers for colluding on prices and passing on costs associated with emissions compliance, the […]
The Jacksonville, Fla.-based railway will construct a $270 million intermodal rail hub in Rocky Mount, N.C. in addition to launching a new intermodal rail service within the state between the […]
Shipment volumes and expenditures both increased compared with the previous month after three months of lackluster performance, but still remained well below 2015 levels, according to the latest Cass Freight […]
The U.S. Commerce Department’s Bureau of Industry and Security advised exporters on Wednesday that they should expect delays with their export counseling desk queries by telephone and email through Friday, […]
The seasonally adjusted For-Hire Truck Tonnage Index equaled 137.2 for the month, down 1.5 percent from May but up 2.1 percent compared with June 2015, following a 2.9 percent increase […]
The measure is aimed at preventing coal from being handled at a bulk terminal planned at the former Oakland Army Base.
Kansas City Southern’s net income grew 6.7 percent to $120 million in the second quarter of 2016 on revenues that slipped 3 percent compared to the previous year, according to […]
The temperature-sensitive truckload carrier posted earnings per share of $0.26 per share, exceeding the street consensus and Stifel’s estimate of $0.25 per share.
The Belgian port signed a memorandum of understanding (MOU) last week with the Shahid Rajaee Port Authority, which controls the Port of Bandar Abbas in southern Iran.
Taiwan-based ocean carrier Evergreen Line has begun purchasing slots on CMA CGM’s PEX3 service, which connects Asia with the U.S. Gulf and East Coast as well as South Africa on […]
The Jacksonville, Fla.-based railway will construct a $270 million intermodal rail hub in Rocky Mount, N.C. in addition to launching a new intermodal rail service within the state between the […]
Following the attempted coup d’etat over the weekend, Turkey has experienced limited shipping and operational disruptions throughout the nation.
Industry groups have railed against the Federal Railroad Administration’s recent attempts to mandate two-person crews on all freight trains, but unions continue to argue that operating trains with a single […]
Former Congressman Daniel B. Maffei was sworn-in on Monday, July 18 as a commissioner of the Federal Maritime Commission, taking the seat of Commissioner Richard A. Lidinsky Jr. who retired […]
The Honolulu-based shipping company has entered into an agreement to acquire Span Alaska, which has doubled in size during the past year through the acquisition of Pacific Alaska Freightways.
The Japanese ocean carrier pleaded guilty to criminal cartel conduct in Australia’s federal court in relation to the transportation of vehicles to Australia between July 2009 and September 2012.
Hong Kong handled 1.61 million TEUs of containerized cargo for the month and 9.16 million TEUs in the first six months of 2016, year-over-year declines of 8.6 percent and 10.5 […]
Swiss-based third-party logistics provider Kuehne + Nagel grew net earnings 9.2 percent year-over-year to 356 million Swiss Francs in the first six months of 2016 following a 5.4 percent increase […]
The intermodal and trucking provider saw second quarter net earnings tick up 1.9 percent year-over-year to $105 million on revenues that grew 5 percent to $1.62 billion.
China International Marine Containers, the largest manufacturer of shipping containers worldwide, issued a profit warning to investors predicting a loss of 450 million yuan renminbi (U.S. $67.4 million) for the […]
The Massachusetts Port Authority revealed that shipping lines continue to indicate their intention to deploy 10,000-12,000 TEU containerships to the port, which just received its largest containership ever this past […]
Cargo volumes carried by U.S.-flag Great Lakes freighters fell 6.4 percent year-over-year in June to 9.65 million net tons.
JLL hires former Walmart executive as VP of retail/e-commerce distribution, while the Port of Oakland elects board president and the Vancouver Fraser Port Authority’s CFO to retire.
Rolf Habben Jansen, the chief executive officer of ocean carrier Hapag-Lloyd, said he believes consolidation in the shipping industry resulting from deals such as Monday’s merger agreement between Hapag-Lloyd and […]
The U.S. Department of Justice is launching a rare internal review of what went wrong in its failed pursuit of a case in which it charged the parcel giant with […]
One of BNSF’s two trains involved in the June 28 collision in Panhandle, Texas, which left three dead and one injured, passed through a stop signal at about 65 mph […]
About 450,000 TEUs of capacity is expected to be scrapped in 2016, which would be double the amount scrapped in 2015, according to the London-based shipping consultant Drewry.
A federal grand jury in Charleston, S.C. indicted Aegean Shipping Management S.A. and Aegeansun Gamma Inc. for conspiracy to hide illicit ship pollution.
The Senate on Friday confirmed Scott Darling to be the next administrator of the U.S. Transportation Department’s Federal Motor Carrier Safety Administration.
The cocaine was discovered aboard the MSC Poh Lin, which according to ocean carrier schedule and capacity database BlueWater Reporting, operates on MSC’s California Express service.
Victoria International Container Terminal has signed a syndicated loan facility worth $398 million Australian with seven financial institutions to support ongoing construction and development at Webb Dock East in the […]
The new British cargo airline, which commenced operations from its headquarters at London Stansted Airport in February 2016, plans to expand its airfreight network into North and South America later […]
Ocean carriers Maersk Line, CMA CGM and MOL issued general rate increases.
The deal will see Qatar Holding and The Public Investment Fund of the Kingdom of Saudi Arabia, majority shareholders of UASC, take 14 percent and 10 percent shares of the […]
Ocean carrier Hyundai Merchant Marine joining the 2M Alliance – comprised of Maersk Line and MSC – has fueled speculation about Maersk’s ultimate motives, but the short term impact is […]
Member carriers of the G6 Alliance have started the process of increasing average vessel size on the EUM/MED service by 16.1 percent, according to ocean carrier schedule and capacity database […]
Former Macy’s distribution center manager Rudy Rampertab pleaded guilty in the U.S. District Court in Cincinnati to one count each of mail fraud and money laundering.
United Arab Shipping Co. could sell off its UACC division, a tanker business for oil and petrochemicals, for more than $600 million as part of its plans to merge with […]
The Belgian port, which has been seeing a surge in ultra large containerships, handled 5 million TEUs during the first half of 2016, weighing 59.8 million metric tons, a year-over-year […]
Boeing’s subsidiary Aviall, which provides aftermarket supply-chain management services to the aerospace and defense industries entered into a collaboration agreement with Michelin.
The Hong Kong-based airline is expanding its presence in the United States with the addition of a twice-weekly scheduled landing at Oregon’s Portland International Airport.
U.S. Customs and Border Protection Office of Field Operations officers at the Tampa International Airport discovered the counterfeit rings in a shipment from China.
Federal Maritime Commissioner Richard A. Lidinsky Jr. said that ports in the United States must continue to expand and improve to handle rising container volumes in order to stay competitive […]
The Jacksonville, Fla.-based railway saw second quarter 2016 net earnings drop 19.5 percent to $445 million on revenues that fell 11.7 percent to $2.7 billion compared with the second quarter […]
Ports in the United States will benefit from the federal government’s effort to improve freight mobility with the so-called FASTLANE program, according to the credit rating agency Moody’s Investor Service.
The Southern California port saw cargo volumes rise 5.9 percent year-over-year for the first six months of 2016.
The U.S. Department of Transportation has proposed regulations to require that railroads provide state and tribal emergency responders with frequent and more detailed information to respond to oil train derailments.
Wallenius Wilhelmsen Logistics has agreed to plead guilty and pay a $98.9 million criminal fine for its involvement in a conspiracy to fix prices on international ocean shipments of roll-on/roll-off […]
Net orders for North American Class 8 trucks in June fell 8 percent from May and 34 percent compared with June 2015, according to preliminary data from freight forecaster FTR […]
The Israeli ocean carrier will implement software provider INTTRA’s eVGM service, which will help shippers comply with the new verified gross mass rule that took effect July 1.
The third-party logistics company is closing a distribution center in southeast Memphis, which will result in the largest lay off announced by any company in the Memphis metro area so […]
August is still expected to be the peak shipping month this year, even though volumes during the month are forecasted to be lower year-over-year, according to the monthly Global Port […]
The Southern California port attributed the 3.4 percent year-over-year increase in container volumes in June to rising imports, which jumped 5.5 percent year-over-year.
Representatives from the maritime and oil and gas sectors have joined forces to create the SEA/LNG group, which aims to accelerate the widespread adoption of liquefied natural gas as an […]
Chris Spear, the new president and CEO of American Trucking Associations, began his tenure leading the industry group by removing the now-former executive vice presidents of finance, communications and advocacy.
The Commerce Department on Tuesday recommended countervailing duties be assessed on imports of stainless steel sheet and strip from China.
The board of directors of Canadian Pacific Railway Limited declared a quarterly dividend of $0.50 Canadian (U.S. $0.38) per share payable Oct. 24 to shareholders of common stock.
The freight division of Emirates, which commenced import cargo flights from Dubai to Columbus, Ohio’s Rickenbacker International Airport last year, said it plans to add frequencies, services and staff to […]
The e-commerce giant will add an 855,000-square-foot fulfillment center in Kansas City, Kan. that will ultimately employ more than 1,000 workers, its second such facility to be slated for the […]
Iron ore loadings from the United States on the Great Lakes and St. Lawrence Seaway in June primarily originated from Two Harbors, Minn. (1.4 million tons), followed by Superior, Wis. […]
Vessel operators Marguisa, Maersk Line, Arkas Line and ZIM, along with slot takers CMA CGM and Hapag-Lloyd, will add calls to La Spezia and Genoa to their joint WAS service […]
APM Terminals has been unwittingly entangled in a bribery scandal surrounding Guatemala’s former president Otto Perez Molina as a result of its purchase of Spanish port operator Grup TCB, according […]
The $46.5 million intermodal hub in Cedar Rapids will cover 75 acres next to the Smith-Dows railyard.
Both carriers have refuted analyst reports that industry leader Maersk Line intends not just to bring Hyundai Merchant Marine into the 2M Alliance it shares with MSC, but to merge […]
The European Commission has opened two separate in-depth probes into corporate tax exemptions granted by the French and Belgian governments to ports in an effort to determine if such benefits […]
The United Kingdom’s decision to leave the European Union, the refugee crisis, recent terror attacks, and low inflation levels were among the reasons the Washington-based fund lowered its projection for […]
Two dozen neopanamax vessels have transited the expanded Panama Canal since it opened June 26.
The Seattle-based terminal operator’s new Tuxpan Marine Terminal in eastern Mexico received its first customer last Monday with the arrival of the 4,178-TEU Hammonia Venetia.
Meanwhile, beef export volumes in May rose 12.4 percent year-over-year, while beef export value fell 4.2 percent year-over-year.
Meanwhile, longshoremen at the Floridian port on Tuesday will begin offloading cargo from the MOL Majesty, a 6,724-TEU vessel that transited the Panama Canal’s new locks last week.
The United States saw steel export volumes in May rise 1.1 percent from April, but fall 7.7 percent from May 2015, according to the American Institute for International Steel.
USAT Logistics announces half a dozen management hires and promotions, while the Northwest Seaports Alliance names operations service center and port operations heads.
