The multimodal transportation service provider plans to use proceeds from a potential sale toward new service lines, existing businesses and technology.
Hapag-Lloyd says inland transportation severely delayed because of extreme conditions.
Revenues growth of 17.7 percent attributed to yield improvement, higher shipments and tonnage, and increased fuel surcharge revenues.
The purchase of Panatlantic Logistic builds on two acquisitions in the sector last year.
Growth in North America attributed to higher fuel prices, lack of truck capacity and strong economic performance.
The purchase price for the flatbed carrier specializing in the transport of steel, aluminum and other metal products was $53.8 million.
The UPS Store will pack and send furniture and decor sold through online marketplace.
The Italian port concession would be the 21st marine terminal in the Turkish company’s portfolio.
Firms shed 1,300 jobs during July, but June hiring figures were revised upward.
Arbitrator finds government attempted to evade contractual obligations.
Foreign ministry charges the United States “has repeatedly betrayed the consensus reached by negotiations and accelerated the trade war unilaterally again.”
Increase on tariffs proposed across $200 billion worth of Chinese products from 10 percent to 25 percent designed to pressure China to “stop the retaliation against U.S. workers.”
Sen. Jerry Moran said lawmakers are “anxious to have answers as to when this might come to an end.”
The European Union said it will not allow the United Kingdom to continue benefiting from its customs procedures and duty collection once it exits the EU customs union.
Sen. Rob Portman objects to “misuse of the Section 232 statute to impose tariffs on automobiles and auto parts and its impact on Ohio jobs and the U.S. economy as […]
The National Defense Authorization Act includes several provisions to reform reviews by the Committee on Foreign Investment in the U.S. as well as export controls.
With no acquisition and integration costs weighing down profits, XPO Logistics has delivered net income growth for nine consecutive quarters.
The Hong Kong-based containership leasing giant’s net earnings shot up 140.5 percent.
“U.S. prices for both soybeans and soymeal are currently the most competitive on the market.”
Former Walmart logistics leader joins drone provider; longtime employee promoted to oversee branch operations.
Attorney Benjamin Trogdon joined the U.S. Federal Maritime Commission in 2000.
Sixty-six calves flown from South Africa to China via cargo hub in Russia.
An OOIDA Foundation survey found parking problems across the nation, safety issues and cost concerns.
The Trump administration has touted its staunch approach, requesting more employees and funds as antidumping and countervailing cases ramp up.
Delta Air Lines was sued when pricey Savannah kitten landed with a broken hip.
Ocean Network Express, formed by NYK, MOL and “K” Line, posts $120 million loss in the quarter.
Pilot project with Maersk seeks to uncover problems with improperly stowed or declared cargo.
The global third-party logistics provider’s net income jumped 43.3 percent year-over-year in the second quarter as revenues climbed 15.3 percent.
PEIR uses blockchain and digital image technology to allow users to prove they are not liable for container and trailer damage.
Six-month trial of Thor Trucks’ delivery vehicle will be conducted to determine its long-term suitability.
The Danish global transport and logistics provider saw year-over-year earnings growth in all three segments.
CEO Tobin Moore said the retail returns specialist will use the latest equity round to accelerate product adoption and further invest in research and development.
Carrier expects improved performance on all trade lanes except China and Guam and says its logistics business is booming..
The Bureau of Industry and Security said the Entity List designation is for “acting contrary to the national security or foreign policy interests of the United States.”
The Senate Commerce Committee on Wednesday approved by voice vote the nomination of Martin Oberman.
Medical examiner’s certificates and drug-testing forms were falsified and unsuspecting physician’s signature was forged.
Berwick Offray of Pennsylvania petitioned Commerce to launch an investigation.
Three companies charged with illegally transporting the contents of Crystal Geyser’s “Arsenic Pond”
Deadline for federal advisory committee nominees is Sept. 15.
American Shipper told administration could move to increase the rate of tariffs proposed against $200 billion worth of Chinese goods from 10 percent to 25 percent.
A spokesperson told American Shipper the move will not affect Uber Freight, the company’s on-demand trucking unit.
All eight containers have been moved onto the pier at the Port of Virginia’s Norfolk International Terminals.
Government-owned company’s CEO says Ashcroft Terminal offers an entry point into North American market and opportunity to increase intermodal and inland container depot operations.
Keith Lovetro will be succeeded by Jennifer Polli on Wednesday.
Grants to upgrade runways, taxiways, aprons and terminals will go to 522 of the nation’s airports.
The forwarder provides logistics services to some of the biggest names in music, live entertainment and sports.
Check out the latest hires and promotions in logistics, port management, transportation technology and maritime insurance.
Despite the sequential decline, year-over-year growth in the American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index continued.
The General Services Administration, along with the White House’s Office of Management and Budget, present road map for federal government’s future use of e-commerce.
The step up on the strategic trade authorization list means that exports of U.S. technologies controlled for reasons other than national security will be less restricted.
The action comes as the country maintains a policy raising tariffs on such products to 1,000 percent.
The freight transportation technology provider says customers can strengthen brand loyalty, meet on-demand expectations and lower costs while increasing productivity.
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.
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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.
