The Shanghai Shipping Exchange launched three new Belt and Road shipping indices on Tuesday covering trade and freight movements related to the massive Chinese infrastructure initiative.
The construction risk management firm will provide construction supervision services in support of a $399 million Capital Expenditure Program for the Piraeus Port Authority in Greece.
Last month’s transportation jobs additions were a slight increase from the 5,065 jobs created in May and the 5,054 in April, according to federal data.
The new less-than-container-load (LCL) facility connects to the third-party logistics provider’s road, air and ocean network, as well as complementing its already established full-container-load (FCL) gateway in the region.
A new underground urban logistics center will be built over a period of 15 years near London’s Heathrow Airport, with the above-ground portion slated to be turned into a public […]
The new refrigerated containers are scheduled to arrive at the company’s Jacksonville, Fla. headquarters this summer, and will service the Puerto Rico trade route.
The euro area, made up of 19 nations, saw a 1.3 increase in industrial production in May 2017 while the EU28 saw a 1.2 percent increase, according to the statistical […]
U.S. and Canadian limestone shipments in the Great Lakes dropped 7.3 percent in June 2017 compared to the same period a year ago, according to data from the Lake Carriers’ […]
4flow names executive vice president, Milestone Equipment Holdings appoints president and chief executive officer, the New York/New Jersey Foreign Freight Forwarders & Brokers Association elects new president, and Tideworks Technology […]
Hearing on NAFTA modernization The House of Representative’s Committee on Ways and Means will convene a hearing on the modernization of the North American Free Trade Agreement (NAFTA). USCG cyber […]
Zack Kanter’s experience as an auto parts manufacturer gave him an insight into the challenges of connecting with retailers via EDI, so he’s building a business to make it easier.
The two Pacific Rim nations are looking to lower high tariffs and increase markets overseas with the four Latin American countries that make up the Pacific Alliance – Mexico, Peru, […]
The U.S. Department of Transportation’s Office of Inspector General is conducting an audit to address concerns about oversight of federal funding or financing for positive train control projects and recipients’ […]
With so much acrimony already between the U.S., Mexico and Canada over various commodities traded across their borders, just imagine how hard it will be for the Trump administration to […]
Trucking and logistics company Heartland Express acquired 100 percent of the outstanding stock of Interstate Distributor Co.
Since initiating a lock-out and laying off terminal employees, the Swedish Dockworkers Union and APM Terminals have been unable to successfully mediate the labor conflict at the Port of Gothenburg.
Founded by forwarding industry vet Brian Glick, Chain.io says it will provide a system-to-system connectivity hub with a specific focus on last-mile integrations.
The Danish shipping giant is petitioning the U.S. Federal Maritime Commission to be exempt from high tariffs on rates from service contracts received after the Petya cyber attack in late […]
Direct ChassisLink, a marine chassis and asset management services provider, has launched a new chassis leasing service offering motor carriers and other drayage providers who operate at the ports of […]
Due to major unforeseen construction problems, the completion and opening of the new APM Terminals-operated terminal at Moin will be delayed until February 2019.
The North Atlantic port handled 565,052 TEUs in May, up 7.6 percent from May 2016, and officials expect volumes to grow even further now that ships up to 18,000 TEUs […]
In its most recent membership survey regarding containers lost at sea, the World Shipping Council found that the average number of containers lost between 2014 and 2016 was down about […]
The number of twenty-foot equivalent units that passed through Port of Long Beach terminals was up 9.2 percent last month compared to June 2016, according to the latest data from […]
The official flag carrier of Hong Kong will purchase the remaining 40 percent of shares in Air Hong Kong, held by DHL, who in turn will acquire eight freighter aircraft […]
WCO, OTIF sign MOU The World Customs Organization and the Organization for International Carriage by Rail (OTIF) have signed an agreement to develop railway transport corridors and technical assistance activities […]
The Port of Los Angeles and General Electric recently launched an ambitious data portal pilot program that will digitize the movement of shipment information in an effort to improve the […]
For some shippers, data capability and accuracy are becoming as important as service and pricing when differentiating between transportation service providers.
The “Big 3” Japanese container lines – MOL, NYK and “K” Line – have named Jeremy Nixon, former Chief Executive Officer of NYK Group’s container division, to lead their new […]
As of June, 178 containerships with an aggregate capacity of 474,000 TEUs were idle, with over half of the ships having a capacity of 2,000 TEUs or less, according to […]
The Northern California port handled 204,255 TEUs for the month, with full container imports reaching 80,253 TEUs and full container exports totaling 75,460 TEUs.
The International Monetary Fund has lowered the GDP growth projection for the United States from 2.3 percent to 2.1 percent for 2017, warning that the Trump administration is unlikely to […]
The boxship APL Jeddah lost power and hit the number 58 berth at the Taiwanese port last Friday, according to a report from Seatrade Mariitme.
Operations at the Netherlands-based FedEx subsidiary are slowly but surely coming back online after experiencing havoc late last month when a computer virus ravaged critical business systems.
The liquid bulk carrier Argent Cosmos, a seven-year-old, 557-foot vessel managed by Singapore-based Tokyo Marine Asia, was loaded with over eight million gallons of ethanol and other chemicals when it […]
The South Korean ocean carrier signed a memorandum of understanding with Saigon Newport Corp. for the joint development of port and container depot facilities in Vietnam.
The United States increased its amount of beef, pork and lamb exports in terms of volumes and value in May compared to a year prior, according to data from the […]
Janel Group, Inc. names new president, while the U.S. Army Corps of Engineers, Charleston District appoints new commander.
EU registration of steel The European Union now requires imports of corrosion resistant steel from the People’s Republic of China to be registered. EU-Canada trade agreement The European Union and […]
After the purchase, container carriers COSCO Shipping Lines and OOCL will continue to operate under their respective brands, with a combined fleet of 400 vessels with capacity exceeding 2.9 million […]
Under the terms of the deal, Chinese conglomerate COSCO Shipping will own 90.1 percent of Orient Overseas International Ltd., parent of Hong Kong-based container carrier OOCL, while Shanghai International Port […]
The European Union and Japan have reached a political agreement in principle on a economic partnership agreement European Commission officials say “will be the most important bilateral trade agreement ever […]
Moving one step closer to completion, Japanese carriers MOL, NYK and “K” Line have now established an integrated container shipping business via operation and holding companies in Singapore and Tokyo, […]
Shipment volumes grew 7.1 percent in May 2017 compared to the year prior, confirming the first positive indication in October 2016 was a change in trend and not a one-off […]
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to the latest figures from the Shanghai Shipping Exchange’s Shanghai Containerized […]
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to figures from the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
Maersk Line and parcel carrier TNT Express are just now getting major functions back online after last week’s massive cyber attack, compounding a systematic problem that needs to be addressed […]
The National Customs Brokers and Forwarders Association has offered the Federal Maritime Commission myriad suggestions on how the agency rules applying to NVOs and forwarders should be amended or eliminated.
Meanwhile, President Donald Trump is currently attending the G20 Summit in Hamburg, where members – comprising 19 countries and the European Union – are discussing international trade, among other global […]
The purchase expands American Fast Freight’s global logistics platform by adding, among other things, 2 million square feet of warehouse space and 150 rail spots, according to a statement from […]
The new Delma Port west of Abu Dhabi in the Persian Gulf has been inaugurated and will function as a multipurpose port for cargo, ferries and fishing vessels, according to […]
The U.S. Federal Maritime Commission has received 15 ocean transportation intermediary license applications and changes for review.
Digital radiography determination U.S. Customs and Border Protection has determined that United States is the country of origin of the fully assembled and installed DRX-Ascend Digital Radiography system. Steel bar […]
Don’t get hung up in the back-end weeds of blockchain technology – it’s about transferring value between parties
As USTR collects NAFTA public comments, AAEI members see the positive in a renegotiation of the agreement
Challenges associated with the ongoing deployment of larger containerships are resulting in higher terminal costs, and in some cases, poorer terminal service for the same volumes, according to industry analysts […]
Omron Adept’s mobile robots are already hard at work in warehouses around the world, but as sales increase, lithium ion battery transport regulations are becoming more strict up and more […]
State-run Chinese conglomerate COSCO Shipping Holdings is projecting a net income for the first half of 2017 of around 1.85 billion yuan (U.S. $272 million).
Chairman Robert Yuksel Yildirim plans to sell his 24 percent stake in CMA CGM to acquire Ports America Holdings and become a leading global terminal operator, according to reports from […]
The revised rules from the BIMCO-led group include information on insurance issues, how to effectively segregate cyber networks, and how to handle cyber security during port calls and when communicating […]
United States gross domestic product increased 1.4 percent in the first quarter of 2017, down from from a 2.1 percent growth rate the previous quarter but up from previous projections, […]
Proposed modifications to the Panama Canal rate structure could ultimately lower rates for containerships, but raise them for LPG and LNG tankers.
The State Council of the People’s Republic of China held a meeting Wednesday in which guidelines were approved to take measures to reduce logistics costs and improve logistics efficiency.
United States railroads originated 1.07 million carloads and 1.11 million containers and trailers in June 2017, year-over-year increases of 4.4 percent and 4.6 percent, respectively.
The Northern California port and construction materials importer Cemex have agreed on another 10-year lease of a marine terminal at the Port of Redwood City.
The Texas-based flatbed carrier has sealed the deal on its acquisition of The Steelman Companies, its third in just over two months as part of the company’s overall North America […]
May 2017 marked the eighth consecutive month of rising intermodal freight rates, but at roughly half the pace compared with the beginning of the year, according to data from the […]
After April put a stop to a 13 month free fall in truckload rates, pricing ticked up another 1.1 percent in May 2017 compared to the same period last year, […]
Cargolux recently introduced its first commercial service from its hub in Zhengzhou, China, to Atlanta on a flight that originates and ends in the all-cargo airline’s home base in Luxembourg.
Virgin Atlantic Cargo names head of global accounts and regional sales manager for the United Kingdom, while the Short Line Safety Institute selects its executive director.
EU-Japan approve partnership The European Commission and Japan have agreed on economic and strategic partnership. Steel pipe review rescinded The Department of Commerce is rescinding the administrative review of the […]
Start small and run proof of concept projects in parallel with traditional processes
U.S. and Mexico finalized sugar duties suspension United States Secretary of Commerce Wilbur Ross and Subsecretario de Comercio Exterior Juan Carlos Baker Pineda have signed a finalized amendment to the […]
European Union Trade Commissioner Cecilia Malmström said she is confident that a trade agreement between the EU and Japan will be reached at a summit in Brussels on Thursday.
German third-party logistics provider Rhenus Logistics has signed an agreement to buy Australian freight forwarding company and customs broker O’Brien Customs and Forwarding Pty Ltd. for an undisclosed price.
African airlines posted the largest year-on-year increase in demand of all the world regions in May 2017, with freight volumes growing 27.6 percent, according to the latest figures from the […]
The settlement agreement, which resolves all legal issues related to allegations the Kuwait-based 3PL overcharged the Department of Defense while supplying food to U.S. military troops, will allow Agility to […]
Containership leasing giant Seaspan Corp. is continuing negotiations surrounding employment agreement modifications for Chief Executive Officer Gerry Wang and hopes to reach a deal before the end of July, the […]
The international financial institution approved a $345 million credit facility and a $12 million grant for the new Dar es Salaam Maritime Gateway Project in Tanzania.
Other factors contributing to the derailment of a BNSF ethanol train on Sept. 19, 2015 near Lesterville, S.D., included an FRA regulation that allowed high-hazard flammable unit trains to continue […]
Logistics enterprise software provider WiseTech Global reached a deal to acquire Bysoft Solucoes em Sistemas Para Comercio Exterior Ltda (Bysoft), the largest provider of automated customs solutions to the logistics […]
A new law in Kentucky will allow the Atlanta-based parcel giant to us golf carts to deliver packages throughout the state, and UPS is planning to take advantage of the […]
A consortium of four Japanese companies are buying a percentage of a floating production, storage and offloading facility off the coast of Ghana, .
Fincantieri and GE’s Shipboard Pollutant Removal System is expected to help vessels comply with MARPOL emissions limits scheduled to go into effect by 2020.
Starting July 2, the Luxembourg-based all-cargo carrier will now offer four scheduled weekly flights to and from the capital city of Quito, Ecuador.
American Airlines Cargo’s new temperature-controlled room at its cargo facility in the London-Heathrow Airport is aimed at handling increasing shipments of pharmaceuticals.
Commerce and Mexico counterparts cement agreement on sugar antidumping and countervailing duties
Despite opposition from local maritime businesses, new legislation in Oregon amends existing state law to to allow seaports to “acquire, construct, maintain and operate facilities for constructing, repairing or maintaining […]
USTR makes luggage imports eligible for GSP treatment and puts Bolivia under review for child labor law.
USTR met with Japan’s Trade Minister on 6/30 United States Trade Representative Robert Lighthizer met with Japanese Minister for Economy, Trade, and Industry Hiroshige Seko last week in preparation for […]
The French ocean carrier will sell a 90 percent equity interest in the Global Gateway South terminal at the Port of Los Angeles to EQT Infrastructure III for $817 million.
In a joint statement, the two sides indicated that a labor agreement has been reached that preserves about 6,200 union dockworker jobs.
On Aug. 1, the price terminals at the Southern California ports of Los Angeles and Long Beach charge for moving cargo during daytime hours Monday through Friday will increase 2.3 […]
Dalian Global Unity Shipping, two Chinese nationals and Bank of Dandong have been banned by the U.S. Treasury Department for violating a United Nations ban on shipping and transactions with […]
Eli Glickman took over as president and chief executive officer of ZIM Integrated Shipping Services Ltd on July 1, replacing Rafi Danieli, who had served in the post since 2009.
RocketSpace and Kaleido Logistics’ second cohort of 10 companies just finished the program, and applications for the third group of participants are open until July 23.
Hong Kong-based 3PL Kerry Logistics Network has acquired 50 percent stake in Lanzhou Pacific Logistics Ltd., joining with China Railway Container Transport Co. Ltd. which oversees the management and operations […]
Austrian third-party logistics services provider Gebrüder Weiss has placed three U.S. offices under a single brand in Atlanta, Boston and Los Angeles, effective July 3, and is opening offices in […]
The Hoyer Group has acquired French intermediate bulk container lessor CCR, which has a strong presence in the cosmetics industry.
ZIM names president and chief executive officer, Kane Is Able appoints senior vice president of sales and marketing, and the 21st Singapore Shipping Association introduces SSA Council 2017/2019.
The European Union’s competition watchdog has approved the creation of a joint venture between Japan’s “Big 3” shipping companies, NYK Line, MOL and “K” Line, which Drewry said will be […]
