Diana Shipping turns a profit in Q2
The Greek dry bulk vessel owner benefited from higher time charter rates and enlargement of its fleet.
The Greek dry bulk vessel owner benefited from higher time charter rates and enlargement of its fleet.
New Japanese container carrier still expects to achieve profit of $110 million in current fiscal year.
The Chinese shipping firm reports its network applications in the Americas have been fully recovered.
The 444-page document outlines how the agency intends to treat controversial alcoholic beverage procedure under modernized process.
Converted to an oil tanker in 1906, the Thomas W. Lawson became the first pure sailing tankship; it also created the first major oil spill.
The global third-party logistics provider said the previously announced refinancing, including the offering of the notes, is expected to close this Friday.
Gregory Zikos, CFO of the Athens-based containership lessor, attributed the decline primarily to a seasonal softening of demand.
The results were not enough to offset declines in other segments, which pushed first-half profits for parent Deutsche Bahn down 27.9 percent.
The Swiss freight forwarder says using the blockchain-backed electronic bill of lading will give it a leg up on the competition.
Ruest and Owens named CEOs; Krishnamoorthy hired as VP of engineering.
More than 800,000 container orders are initiated through the ocean shipping information portal each week.
President Trump plans to tap former Chrysler Financial chairman and CEO.
The SCFI jumped 8.8 percent last week, but is still lagging behind the index reading from this time last year.
The House now must pass the new version of the legislation before it goes to President Trump for approval.
The WTO must develop common language and require all governments to abide by common rules.
The global third-party logistics provider said continued efforts to cut costs and increase productivity resulted in an 11.6 percent year-over-year increase in adjusted EBITDA.
The Chinese ocean carrier’s operations were disrupted throughout the Americas.
The rate is the fastest since the second quarter of 2014, but analysts warn trade tensions could weigh down growth in the near future.
Raising of Bayonne Bridge helped drive increase in container volumes.
Crowley offers tour of its new LNG-powered vessel.
The asset-light trucking company’s second-quarter net income jumped up 67 percent from last year.
Shareholders agree to COSCO acquisition of parent company.
Cargoes may be moved to Europe via the Trans-Siberian Railway.
The tank barge operator posted consolidated revenues jump of nearly 70 percent.
The German government also will promote the shift of freight traffic from road to rail.
CEO says outlook “promising, thanks to growing customer demand for rail shipments across most commodity groups, particularly in North America.”
Tennison promoted, Coleman hired and Egoscue elected.
U.S. Trade Representative Robert Lighthizer says concluding the renegotiation by the end of August would allow NAFTA 2.0 to be in place before Mexico swears in new president.
The House must now pass the new version of the legislation before it goes to President Donald Trump for approval.
President Trump and European Commission President Jean-Claude Juncker announce they will work to reduce trade tensions.
The Chinese shipping line said all of its vessels are operating as normal.
Rep. Bill Pascrell, D-N.J., asks for documentation behind the Trump administration’s decisions to impose global steel and aluminum tariffs and separate tariffs on China.
President Trump wants the United States to “win,” but his administration has yet to articulate what winning looks like with respect to international trade.
Georgia Ports Authority and South Carolina Ports Authority say their goal is to increase supply and quality of chassis.
The Miami-based supply chain solutions provider saw earnings fall 16.9 percent year-over-year to $42.3 million for the second quarter.
The South Korean ocean carrier is the latest to use NYSHEX’s platform for enforceable container freight contracts.
The less-than-truckload carrier had Q2 net income of $163.4 million on revenues of $1.03 billion.
Agreement provides for wage increases, benefit improvements and increased job protection.
North America’s largest truckload transportation company posted a second-quarter net income of $91.6 million.
The Chicago-based third-party logistics provider reported a net income of $7.7 million in Q2 compared to a $200,000 loss in the same quarter a year ago.
The Norfolk, Va.-based Class I railway posted diluted EPS of $2.50 per share, beating consensus estimate by $0.19 per share.
CEO, SVP, sales director and consultants appointed.
Certified results were filed with the FMCSA, but chiropractor did not conduct examinations.
More than $2 million invested in South Carolina service center.
Product providing autonomous and remote vessel control slated for September release.
Tell American Shipper and MercuryGate how your organization is coping.
House Transportation and Infrastructure Committee Chairman Bill Shuster seeks bipartisan legislation to keep nation’s Highway Trust Fund solvent.
Chassis lessors had raised objections to the agreement.
Apology issued for emails falsely reporting potential bankruptcy.
If Trump truly has confidence in U.S. inventiveness and the ability of U.S. manufacturers to compete in the global marketplace, he should remove all tariffs.
Supply chain software company awarded damages of $14.4 million.
Costs related to shutting down stand-alone container liner operation, grounding air cargo fleet cited.
Foreign affairs minister says businesses and workers on both sides of border impacted.
The aid package aims to protect the domestic agricultural sector from “unjustified retaliatory tariffs” imposed by China, USDA said in a statement.
The Federal Maritime Commission has completed compromise agreements with eight non-vessel-operating common carriers, resulting in the recovery of $618,000 in civil penalties.
The Class I railroad will pay $1.2 million to the U.S. government and $1 million to West Virginia for the environmental damage caused by the derailment.
The Atlanta-based parcel giant saw its net income rise 7.3 percent year-over-year to $1.5 billion during the quarter.
Arrival of first magenta ship at Port of New York and New Jersey sign of “strong connectivity” with Asia.
Maritime Administration supports capital improvements in more than 20 states.
The Class I railway also declared its third-quarter dividend to be paid to shareholders on Sept. 28.
The Commerce Department has determined that forged steel fittings from Taiwan are being dumped on the U.S. market at less than fair value.
Finnish logistics solutions provider buys German maker of innovative equipment.
While most witnesses at ITC hearing said Section 301 duties punish their companies, some spoke in support of the proposed measures.
“We are encouraging both governments to recognize that it’s time to start talking specifics.”
LxRoadFreight is the first customer relationship management solution designed specifically for U.S. trucking carriers and brokerage firms.
The Makassar Highway ran aground Tuesday while en route to the Port of Södertälje in Sweden.
Driver turnover percentage the lowest in 20 years.
CEO says company is well positioned despite uncertainties from “geopolitical headwinds and recent changes in trade policies.”
Irish port reports volumes increased by 5.2 percent in the first half of the year.
Study shows Great Lakes-St. Lawrence River Waterway plays a vital role in U.S. and Canadian economies.
Aircraft manufacturer said the industry will need to double its current pilot pool between 2018 and 2037 to keep the world’s commercial aircraft fleet flying.
Company wants to add foreign components to gift sets packaged in Florida.
Forwarders will have instant access to contracted rates and capacity availability and will be able to book their cargo on specific flights.
Sixty RMGs will land at Norfolk International Terminals over the next 18 months.
Investigators found physician signed certificates without examining drivers.
Comments, objections and requests for hearings must be filed by Aug. 22.
Signatures were forged on commercial drivers’ specimens never sent to lab.
Subcommittee on Coast Guard and Maritime Transportation hosting discussion on consumer prices in Puerto Rico.
The U.S. Council for International Business has formed a special committee within its membership to address the threat that illegal trade poses to global markets and industries.
Foreign components will be used in production of wire harnesses at Hampshire plant
Connecting the dots to bring value — and style — to the masses.
Decision comes after U.S. District Court grants Federal Trade Commission’s motion for an injunction to block deal.
Although many of the changes were expected, there were a few surprises in the amended freight pricing requirements for NVOCCs, writes international trade attorney Carlos Rodriguez.
The president raises possibility of bilateral agreement with Mexico first, saying talks with its incoming leader have been good.
Thirty-four Democrats and one Republican opposed the measure, as 133 Democrats voted present at the insistence of House Democrat leadership.
Letter to key members of the Trump administration urges U.S. Customs and Border Protection to immediately issue Trade Facilitation and Trade Enforcement Act drawback regulations.
The addendum filed on July 16 restarts the 60-day clock before consultations can move into dispute settlement.
Built by VT Halter Marine, El Coquí can carry containers and roll-on, roll-off cargo and is fueled with liquefied natural gas.
The Valencia Containerized Freight Index reflects the evolution of market rates for the export of full containers by sea from Valenciaport.
Appalachian Regional Port inland rail terminal slated to open in August.
Rapid growth in cargo volumes and spending has started to stretch domestic infrastructure to its limits, according to economist Donald Broughton.
The railcar lessor’s net income fell 27.3 percent from last year’s second quarter to $38.8 million.
Local stakeholders tell Senate Finance subcommittee federal programs could benefit from more opportunities for private-sector participation.
The WCI rose 5 percent year-over-year last week, but the SCFI is now down 9.5 percent compared with the same 2017 period.
The House Foreign Affairs Committee chairman has asked the State Department to suspend removal of export controls currently in place for certain software.
Allianz review of shipping safety says “over the past decade, total losses of ships have declined by more than a third.”
Almost all witnesses testifying during a government hearing Thursday expressed hopes for a course of action that didn’t lead to tariffs imposed on auto imports.
The global third-party logistics provider’s earnings grew 9.6 percent year-over-year.
Company had questioned decision to allow APL to put ships into trade.
French carrier acquires a 10 percent interest in terminal in Belgian port from China Shipping Ports.