RMS: Damage from Harvey could reach $90b
Meanwhile, U.S. Customs and Border Protection (CBP) is strongly recommending that Texas exporters divert cargo as are ports, railroads and truck corridors are likely to remain shuttered through the end […]
Meanwhile, U.S. Customs and Border Protection (CBP) is strongly recommending that Texas exporters divert cargo as are ports, railroads and truck corridors are likely to remain shuttered through the end […]
CSX Transportation service issues The Surface Transportation Board will hold a public listening session on Tuesday, September 12, 2017 to hear from CSX Transportation on its efforts to implement its new […]
The Federal Maritime Commission (FMC) is offering cargo and commercial dispute assistance as ports and railroads around the gulf coast are still out of operation through at least the end […]
Looking ahead, ZIM’s primary focus will be on profitability, and the Israeli ocean carrier will focus on markets where it has a competitive advantage, said Eli Glickman, the carrier’s president […]
According to CSX CEO Hunter Harrison, the plan to transition the Jacksonville, Fla.-based Class I to his so-called “precision scheduled railroading” program requires a “complete and thorough examination of each […]
Despite a positive outlook for the rest of the year in the container shipping industry, the 78 new mega ships in the orderbook will likely push capacity and rates over […]
As of June 30, 2017, COSCO SHIPPING International, the investment arm of China COSCO Shipping, had net cash of HK $6.42 billion, which it said will provide strong capital support […]
Ship and dockworker unions are protesting a decision by Liberty Maritime to employ deck and engineering officers from the AMO to operate its newest U.S.-flag ship, rather than using those […]
The Owner-Operator Independent Drivers Association says it supports a delay to the electronic logging device mandate due to a growing number of reasons, including what it characterized as a lack […]
The Danish ocean carrier will join Hapag-Lloyd’s JMCSA service from Mediterranean ports to Montreal in September, just as Europe and Canada initiate the Comprehensive Economic and Trade Agreement (CETA).
The logistics software provider has formed a partnership with Vitti Logistics to provide the third-party logistics provider’s customers with real-time freight tracking across Mexico.
The states of São Paulo and Rio de Janeiro, which have the highest rates of cargo theft in Brazil, are jointly responsible for 87 percent of cargo theft in the […]
The Government Accountability Office (GAO) has recommended that U.S. Customs and Border Protection (CBP) take a more holistic approach to its compliance oversight of the nation’s sprawling foreign trade zone […]
Status of End-Use Monitoring of Dual-Use Exports A GAO report which found that the Export Bank’s dual-use exports were in compliance with exceptions to satellites sold to Mexico and construction […]
With operations suspended through Wednesday for many areas, and longer for others, analysts have estimated that freight rates will spike as cargo transport will be affected for up to the […]
Amid the German ocean carrier’s merger with United Arab Shipping Co., operating results increased with a 14 percent rise in transport volumes, while overall earnings dropped due to “one-off effects […]
At the current pace of capacity increases by major ocean carrier alliances, at least two services between Asia and Europe may need to be terminated to compensate for recent rate […]
China COSCO Shipping’s port terminal operator arm’s profits attributable to equity holders of the company skyrocketed 123.7 percent year-over-year during the first half of 2017 to $384.7 million.
The Delaware River Deepening Project, which has been in the works for 25 years, will increase the depth of the shipping channel in the Delaware River from 40 to 45 […]
The North Atlantic port handled 576,947 TEUs in July 2017, an 8.4 percent increase from the same month a year ago, according to recent data from the Port Authority of […]
WABCO Holdings’ $145 million purchase of RH Sheppard Co., a Pennsylvania-based, privately held supplier of commercial vehicle technologies, is expected to close by the end of the third quarter.
The Maritime and Port Authority of Singapore and the Ports and Harbours Bureau of the Ministry of Land, Infrastructure, Transport, and Tourism of Japan will helm a group studying the […]
The CMA CGM Theodore Roosevelt’s Virginia port call broke a short-lived record for ship size that was established in May, when the 13,000-TEU COSCO Development set the new high water […]
Ocean carriers MOL, “K” Line and NYK Line have partnered with 11 other industry firms in an effort to a develop trade data sharing platform using blockchain technology, with three […]
The general cargo ship Leonardo, which was built in 1975, was 114 meters long (374 feet), had a breadth of 13 meters (42.6 feet) and a deadweight of 3,348 tons […]
Politicians on both sides of the aisle have agreed on the importance of infrastructure improvement projects for the better part of a decade, but agreeing on how to fund such […]
GAO Report on Foreign Trade Zones The report titled, “CBP Should Strengthen Its Ability to Assess and Respond to Compliance Risks across the Program” finds that Foreign Trade Zones may […]
The Surface Transportation Board has been monitoring CSX’s performance since mid-July, after widespread service problems were caused by CSX’s implementation of operating plan changes.
U.S. Navy and Marine Corps divers recovered the remains of ten sailors who were aboard the USS John S. McCain when it collided with the much larger, Liberian-flagged oil and […]
In an effort to lower emissions and increase efficiency, the United Kingdom will be commencing a three-phase trial to evaluate truck platooning on major roadways throughout the nation.
The fulfillment of blockchain’s potential will require social and political change, as well as for companies to relinquish their current manual processes and governments to relinquish some of their control […]
Additional measures taken by the Port of Los Angeles in the wake of a bizarre incident in which a man fell from a crane include fortified entries and exits, additional […]
The container carrier will sell each share for $5 each, raising $50 million for future vessel purchases and working capital, Navios Maritime said in a statement.
Diesel particulate matter, smog-forming nitrogen oxides, sulfur oxides and greenhouse gases have all declined significantly in the past 11 years, according to the Southern California port’s latest annual emissions report.
The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration has awarded more than $4 million in grants for a handful of hazardous materials training programs.
Canadian Steamship Lines’ 15-year-old, 615-foot vessel MV Ferbec, which previously served in the ocean carrier’s Australian fleet, now operates in the Gulf of Saint Lawrence.
Regional short-line the North Carolina Railroad Co. will put up $60 million in funding for a textile plant in Asheboro, N.C. and an adjacent rail spur between the plant and […]
The storm made landfall as a category 4 before dropping down to a category 3, causing massive flooding and damage that has lead to service delays and temporary closures at […]
2017 Annual Report to Congress The U.S.-China Economic and Security Review Commission will meet September 7 to review and edit drafts of the 2017 Annual Report to Congress. Anti-Circumvention inquiry […]
As NAFTA renegotiations get underway in Washington, Canadian policy makers are looking for a resolution to the long-festering softwood lumber trade dispute between the United States and Canada.
The National Association of Manufacturers took to the airwaves this week in South Carolina, South Dakota and Nevada, urging citizens of those states to contact their senators to oppose Scott […]
For safety purposes, a human crew would be on standby while an NYK Line container vessel self-sails across the Pacific Ocean sometime in 2019, according to a report from Bloomberg […]
India’s move at the beginning of July to a unified, nationwide goods and services tax (GST), instead of a patchwork of state and central taxes, is smoothing cross-state logistics, but […]
The Dubai-based terminal operator handled 7.7 percent more volume in the first half of 2017 compared to the same period last year, suggesting the company will reach its full-year expectation, […]
The Gracie Claire, a 40-year-old 900 HP push boat, had about 2,300 gallons of diesel on board at the time of its sinking, according to a statement from the U.S. […]
The U.S. Department of Commerce has found evidence of countervailable subsidies for imports of biodiesel from Argentina and Indonesia, and U.S. biodiesel producers warn that these subsidized shipments keep coming.
The New Zealand port took over the Timaru Container Terminal in 2014 and has seen its investment returned in the form of increased volumes, which reached 1.1 million for the […]
The South African financial services and logistics provider’s board of directors is advocating separating the shipping segment from the balance of the group because the business’ value is not fairly […]
An increase in airfreight of semiconductor and auto parts has led to soaring earnings for carriers like Cathay Pacific Airways and Singapore Airlines, according to a report by Reuters.
Although the deal is still subject to regulatory approval, Williams Lea Tag’s operations and assets are expected to transfer over to Advent International by the fourth quarter of 2017.
The Red Sea port handled 398 vessels and 821,694 TEUs during the first half of the year, both increases of 14 percent from the corresponding 2016 period, according to recent […]
The e-commerce company Custom Wristbands, along with its affiliates and chief executive, pleaded guilty in district court to a price-fixing scheme involving promotional products sold in the United States.
Excess capacity drove container freight rates down to near-record lows last year, but Drewry estimates 57 ultra-large containerships with at least 18,000 TEUs of capacity will be delivered to the […]
Carbon steel flanges from India and Turkey The Department of Commerce is issuing antidumping duty orders on finished carbon steel flanges from India and Italy. Infrastructure Projects The president has issued […]
Four Democratic senators are urging U.S. Transportation Secretary Elaine Chao to reconsider DOT’s withdrawal of a proposed rule that would have mandated testing commercial truck drivers and rail operators for […]
The Jacksonville, Fla.-based Class I railway has reevaluated and revised three key metrics – train velocity, terminal dwell and cars online – in an effort to “better reflect end-to-end railroad […]
South Korea’s largest shipbuilder, Hyundai Heavy Industries, has asked that 5,000 workers take unpaid leave in the wake of CMA CGM signing a letter of intent with two Chinese shipyards […]
Although some demand can be attributed to structural factors, real estate markets in all major port gateways are seeing either rising or peak-level growth rates in leasing activity, while vacancy […]
The Armonk, N.Y.-based technology company is collaborating with various companies across the global food supply chain to explore how blockchain technology can be used to make the food supply chain […]
Secretary of Labor R. Alexander Acosta toured the 484-acre terminal and met with leadership from the International Longshore and Warehouse Union and the Pacific Maritime Association during the visit.
JAX LNG, a joint venture between Pivotal LNG and Northstar Midstream, received a Letter of Acceptance from the U.S. Coast Guard to begin operations by the end of 2017.
The seasonally adjusted For-Hire Truck Tonnage Index equaled 138.5 in July 2017, up slightly from 138.4 in June, due to the mixed bag of high retail sales and low manufacturing […]
Singapore-based ocean carrier APL, now a subsidiary of CMA CGM of France, began purchasing slots on Maersk Line’s AC3 loop between Asia and the West Coast of South America this […]
The two vessels will be built by Texas-based Keppel AmFELS and will be deployed on the Hawaii-U.S. Mainland trade by 2020.
The Moscow-based all-cargo airline also saw volumes rise to 20 percent in its Asia Pacific network, a strong factor in its overall volume increase for the period.
The new cranes are part of a $60 million terminal expansion and modernization program to prepare Matson’s Hawaii operational hub for the arrival of four new ships the company has […]
MST and Reederei is accused of failing to keep accurate pollution control records and falsifying records for the vessel Marguerita, according to a statement from the U.S. Department of Justice.
U.S. solar panel manufacturers SolarWorld and Suniva say their days are numbered without relief from a flood of cheap imports China and Taiwan.
China is leading a trading bloc in Asia – the Regional Comprehensive Economic Partnership (RCEP) – that would more than fill the void of the abandoned Trans-Pacific Partnership (TPP) agreement […]
Postponement of determination on carton-closing staples The Department is postponing the deadline for the preliminary determination of carton-closing staples from China by 50 days. Biodiesel from Argentina and Indonesia The […]
Maersk Oil’s liquids-weighted production will provide the French energy giant with short-term benefits, with key United Kingdom and Norway assets boosting cash flow, and possibly cost-savings synergies in the North […]
Previously occupied by BAE Ship Repair and then Puglia Engineering, the shipyard at Pier 70 in San Francisco is undergoing investments and improvements including dredging and is now up for […]
Through the first six months of the year, full import volumes at the Pacific Northwest ports of Seattle and Tacoma were up 6 percent to 803,357 TEUs, while full exports […]
New business-to-consumer e-commerce practices are rapidly changing the way retailers and their supply chain providers operate, as well as how governments apply trade oversight.
The Neopanamax vessel CMA CGM Theodore Roosevelt, which measures 1,200 feet in length and 158 feet in beam and has a container carrying capacity of 14,885 TEUs, on Aug. 22 […]
The agreement will provide Maersk Tankers with access and exclusive rights to Boston-based hedge fund CargoMetrics’ analytical models, algorithms and capabilities.
IBM and the Maritime and Port Authority of Singapore (MPA) successfully completed a pilot trial of three out of seven modules that will utilize data analytics to increase port safety […]
Blue Sky Blue Sea, Inc., doing business as American Export Lines and International Shipping (USA) (collectively referred to as AEL) agreed to pay $518,063 for violating U.S. sanctions on Iran […]
Airfreight rates rose on east-west routes to an average of $2.64 per kilogram in July 2017, an increase of 1.9 percent from the previous month and 1.5 percent from the […]
The transportation and logistics sector added 900 position in July 2017 from June 2017, according to recent preliminary data from the U.S. Department of Labor.
The service is a regularization of two ad hoc voyages of reefer vessels from Turkey to Qatar that maritime transport and logistics company Milaha had arranged the past few weeks.
The Connecticut-based bulk carrier was issued a $5,000 fine after marine inspectors discovered that the freighter ANSAC Moon Bear discharged untreated ballast water into the Willamette River on three separate […]
Schneider Packaging Equipment names new president, while World Shipping, Inc.’s vice president of operations retires.
Troubled container carrier Yang Ming Marine Transport is hoping a recapitalization plan, along with strong ties to the Taiwanese government and recent growth in global trade, will help lift its […]
Sanctions against Chinese, Russian entities in support of North Korea The Treasury Department has issued sanctions against individuals and companies in China and Russia that are in active support of […]
The Rail Customer Coalition has requested a Congressional investigation into CSX’s recovery efforts following reports of widespread service disruptions in the wake Hunter Harrison’s installation as chief executive of the […]
South Korean ocean carrier Hyundai Merchant Marine (HMM) is in discussions with the world’s largest asset management firm, BlackRock, to bring in an investment ranging from 600 billion to 1 […]
The U.S. Department of the Treasury’s Office of Foreign Assets Control issued sanctions against 16 Chinese and Russian entities and individuals for alleged dealings with North Korea.
New tools for GT Nexus commerce network users include a real-time cargo visualization layer and the ability for suppliers to see approved invoices in a single dashboard.
However, not all crewmembers who went missing after the guided-missile destroyer USS John S. McCain crashed into the tanker Alnic MC have been accounted for, according to a statement from […]
The global investment firm is providing transportation and trade software provider BluJay Solutions with a $500 million financing facility, after investing in fellow logistics tech firms Transplace, LLamasoft, and Transporeon.
The Israeli ocean carrier will utilize the software company’s “matchback” services for inland transport optimization in Italy, MatchBack Systems said in a statement.
With a price tag of $44.8 million, the ship-to-shore cranes will be the largest delivered to the U.S. by builder Zhenhua Heavy Industries Co., according to Virginia Port Authority (VPA) […]
The Hong Kong-based ocean carrier took delivery of the OOCL Germany today, the second of the six 21,000-TEU class vessels on order from the Samsung Heavy Industries shipyard on Geoje […]
Hong Kong-based port operator Hutchison Ports has agreed to partner with NAWAH Port Management, LLC to manage existing and future operations at the Port of Basra in southern Iraq.
The Port of Incheon, which moved 1.47 million TEUs during the first six months of 2017, anticipates that its container throughput for the second half of the year will total […]
During the first six months of the year, the Oklahoma multi-modal port handled over 2.3 million tons of cargo.
Werner Enterprises, Inc. appoints board of directors member; time:matters Holding GmbH names new managing director, strategy & sales; and SIMWAVE hires manager for navigation.
The Port of Los Angeles and GE Transportation have agreed to extend their partnership to digitize the movement of shipment information for a minimum of five years and up to […]
Identifying Trading Partners Under the Drug Supply Chain Security Act The FDA is asking for public input on the activities of “private-label distributors” of drug products in relation to the […]