Kansas City Southern posts 2018 results
Net income totaled $629.4 million for the year, while revenues reached $2.71 billion.
Net income totaled $629.4 million for the year, while revenues reached $2.71 billion.
The Senate Finance chair suggested the government shutdown could delay congressional consideration of USMCA as well as the start of trade talks with Japan and the EU.
Set to launch in April, the network will involve the deployment of about 330 containerships with a carrying capacity of around 3.8 million TEUs across 38 services.
Forwarders say air cargo shipments keep moving despite the government shutdown.
The barge would move containers between the Wando Welch and Hugh K. Leatherman terminals.
The port handled a record amount of container volumes in 2018, but the outlook for the coming year is uncertain, according to the port’s maritime director.
The Class I railway posted a full-year net income of $3.31 billion on revenues of $12.25 billion.
The freight brokerage company released the next generation of GTZcommand.
Months after being rejected by CEVA, the Danish logistics company offered $4 billion for Panalpina.
John Veroneau says the passage of the trade agreement is very much an open question this Congress as several variables are in play.
The express carrier reached a deal to acquire the international express business of Israel-based Flying Cargo Group.
The purchase of Our Freight Guy marked GlobalTranz’s eighth acquisition since January 2017.
There is growing interest in interchanging equipment between importers and exporters at locations other than marine terminals and container yards.
UPS names president of supply chain solutions; Imperial Logistics selects chief commercial officer; and CII appoints executive director and senior adviser.
U.S. Trade Representative Robert Lighthizer indicated in a letter that ongoing trade talks will play a role in whether the Trump administration eventually will establish an exclusion process.
The carrier will use the Belgium-based service to approve the triangulation of containers in the United States and Canada.
The Port of Rotterdam, which ranks 10th worldwide in terms of total throughput, can transport goods to a consumer base of about 40 million people.
“Excepted personnel will ensure USTR continues to conduct operations, including trade negotiations and enforcement.”
Appointments are made and new leaders take the helm in the United States, Europe and South America.
The express carrier said the service will allow many shippers to make overseas deliveries as soon as Monday.
The union says truck drivers will be prevented from waiving their rights through private arbitration agreements; the decision may spark class action lawsuits against owner-operator fleets.
But the outlook for 2019 is muddled by the U.S.-China trade war.
Now the Airbnb-like startup with an online marketplace serving shippers, truckers and logistics companies has secured a partnership with ITS ConGlobal.
The 15,262-TEU containership was heavily damaged in a March 2018 fire that killed five crewmen.
The objectives, released Friday, largely mirror separate objectives released ahead of Japan and NAFTA talks.
The free webinar, “Fan the Flame: How IoT Data Fuels Global Supply Chain Business Intelligence,” can be replayed anytime using the link provided in the story.
U.S. technology developers warn the Commerce agency not to take broad, heavy-handed approach to controlling new technologies for national security purposes.
Restrictions on material from Bulgaria and China will remain in place until January 2024.
The first of its kind in the United States will be tested by Maher Terminals at the Elizabeth Port Authority Marine Terminal.
Chief executive officer appointed and board of directors elected.
But Harbor Trucking Association says the union is misrepresenting California labor decisions.
Penalty will make congestion and air pollution worse, say truckers and shippers.
The EU trade commissioner said on Thursday that Europe would not agree to accept U.S. quotas on automotive imports as part of any potential bilateral trade agreement.
Trade ministers from the three countries met in Washington on Wednesday as the governments continue efforts to reinvigorate the WTO.
U.S. Chamber of Commerce CEO Tom Donohue made several remarks about U.S. trade policy during and after his State of American Business address Thursday.
The Owner-Operator Independent Drivers Association filed a class action lawsuit against the Indiana government to roll back the Oct. 5 imposition of a toll road fee hike.
Treasury Secretary Steven T. Mnuchin met with House leaders in a classified briefing to defend the decision to remove sanctions against three Russian companies.
Owner of car carrier that caught fire on New Year’s Eve says the cause of the fire still is undetermined.
The Senate Finance chair wants to talk with congressional Democrats about what they have in mind for consideration of the U.S.-Mexico-Canada Agreement.
ZIM, Maersk and MSC announce that they will share space on four additional services.
The South Korean ambassador confirmed his country’s parliamentary body has ratified provisions necessary to effectuate amendments to the agreement.
The European Parliament’s Transport Committee adopted a proposal to establish a “single window” through which the ocean carriers communicate with maritime authorities.
The 7,510-TEU ship is being towed and is still about 800 nautical miles off the coast of Canada.
Nonantum Capital Partners said it is partnering with company founders Ken Kellaway and David McLaughlin to recapitalize the intermodal drayage provider.
Maximilian Rothkopf will join the executive board on May 1 and succeed Anthony J. Firmin as COO on July 1.
Purchase of Tennessee 3PL called “the first step in an ongoing growth plan.”
Changes made to leadership team, new board sworn in and senior director hired.
COO calls the move “a natural extension of our growth in Europe and across our global network.”
A partial federal government shutdown continues as a critical deadline in the congressional consideration process for the agreement looms.
HMM said it increased volume 150 percent in two years as it prepares for megaship deliveries in 2020.
But Drewry’s senior analyst of ports and terminals cautions growth will slow in 2019.
“This is a strategic investment that will further advance our final-mile delivery capabilities,” says President and CEO John Roberts.
American Shipper was invited to tour the LNG-powered vessel before it joined sister ship El Coqui on the rotation between Florida and Puerto Rico.
Cleanup in the North Sea continues following the Jan. 2 incident in which more than 250 containers were washed off the MSC Zoe.
The American Primary Aluminum Association said an OECD report supports application of Section 232 aluminum tariffs across import sources and countries.
Keith Lovetro comes out of retirement to lead supply chain management company.
Global Port Tracker report forecasts declining volumes in the coming months and an overall weakness in imports for the first half of the year.
Torben Weilmuenster is elected chairman of the governing council; Bahri CEO Abdullah Aldubaikhi is appointed to the board of directors.
Newly minted entities that had hoped to begin offering forwarding and NVO services at the start of 2019 are stuck until the FMC can resume issuance of licenses.
Allianz consultant is concerned that risk is being normalized in the shipping industry.
Jim Vena, a 40-year veteran of Canadian National, is joining the U.S. railroad on Monday.
The Port of New York and New Jersey hails the advancement of its five-year strategic goal to handle more than 900,000 rail lifts a year.
Gary Cardenas is named CEO; Mike McNally is appointed as sales and marketing director.
Two large ships are still on fire in the Pacific and Atlantic.
U.S. Trade Representative Robert Lighthizer: “The Trump administration is making clear that it takes monitoring and enforcement of U.S. trade agreements seriously.”
BlueWater Reporting looks at possible economic boosts that also could benefit the United States.
The Connecticut Port Authority said the 20-year agreement with the terminal operator offers “a substantial increase in revenue versus the current operations.”
The first branded 93,000-square-foot facility has opened its doors in Nashville.
The National Customs Brokers and Forwarders Association of America warned closing the U.S.-Mexico border would cause an “economic disaster.”
The digital edition is packed with news, including challenges facing carriers, the latest developments on the tariffs front and the status of the FMC’s demurrage report.
Leaders of NYK, MOL and “K” Line also highlight the challenge of IMO sulfur regulations.
The 7,510-TEU Yantian Express was en route to Halifax, Nova Scotia when the blaze erupted.
More than 250 containers washed off the MSC Zoe on Wednesday.
Arian was the president of the International Longshore and Warehouse Union from 1991 to 1994 and also served as president of Local 13 in Los Angeles.
The European Commission has notified the World Trade Organization of its intent to extend steel safeguards imposed last summer through July 16, 2021.
With an estimated 30 gigawatts of offshore wind power projected for the United States by 2030, Virginia believes its port facilities could play a central role.
It’s time “to step up to the next level by working with the right types of strategic partners and undertaking acquisitions to enhance our technology, network and capabilities.”
Scott Pruneau is appointed CEO; Chris Sloope is promoted to chief operating officer.
The U.S. Army Corps of Engineers awards the $92 million construction contract to deepen and widen the ship channel.
Once the export control agencies are back in operation, it could take weeks for their staffs to dig out from the backlog of license requests.
German authorities say some of the containers have come ashore in the Netherlands.
The container manufacturing unit of A.P. Møller – Maersk says it is shutting down a factory in Dongguan, China that made dry, non-refrigerated containers.
The nominations of Patrick Fuchs and Martin Oberman were approved by voice vote Wednesday.
Container lessors board elects a chairman; four industry veterans get promotions.
Young Cuban baseball players must navigate complex MLB and OFAC rules in order to successfully make it onto the turf of Major League teams.
Sixteen crew members are rescued, four are unresponsive and another is missing.
The vessels are chartered to “one of the world’s largest liner companies.”
The new year brings a requirement for airlines and ocean carriers transporting international mail from China to file advance electronic data.
More than 676,000 boxes of grapes, peaches, nectarines, apricots and plums were offloaded as the import season got under way.
BlueWater Reporting takes a deep dive into the Mississippi River’s importance in global commerce and the future of container vessels on the waterway.
The Fashion Jewelry & Accessories Trade Association will join the Fashion Accessories Shippers Association as part of Gemini Shippers Group.
U.S. Customs and Border Protection requires mandatory filing of import manifests in ACE for trucks transporting up to 5,000 shipments with values of less than $800 each.
The Surface Transportation Board, which regulates U.S. domestic transportation providers, has slightly adjusted its penalties upward to reflect annual inflation.
YM Wonderland and YM Wisdom will be deployed to THE Alliance’s Asia-Europe service.
For many people, myself included, the holidays are a time for reflection and looking ahead at what’s to come. And although I tend to think making specific predictions is an […]
Trade associations warn of big disturbances in the event of a “cliff-edge” withdrawal.
The Government Accountability Office, a congressional body that acts as a watchdog of executive branch performance, did call for more documentation of decision-making.
More than 130,000 containers have made the trip up and down the James River.
Three sister ships are slated to join the fleet in the first half of 2019.
Nighttime operations and mobility, sustainability and digitization projects are in the works.