American Shipper

Stock in the third-party logistics provider began trading on the SIX Swiss Exchange on Friday at an initial price of 27.50 Swiss francs per share.

The London-based containership owner and operator has extended an order for five 11,000-TEU vessels from Hyundai Heavy Industries with an additional four 14,000-TEU ships.

The world’s second-largest container carrier has signed a 30-year concession agreement with Abu Dhabi Ports.

According to the latest Cass Freight Index Report, the continued growth of shipments “is yet another data point confirming that the strength in the U.S. economy continues to accelerate.”

Port of Los Angeles says reforms are a “step in the right direction.”

Shipping lines need to reach agreements with GE Transportation in order for the PierPass 2.0 program to move ahead.

The LTL holding company recorded a net loss of $14.6 million, compared to $25.3 million last year.

The Hong Kong-based containership lessor reported a net profit of $67 million for the quarter as revenues rose 11.7 percent to $244 million compared with the same 2017 period.

The aircraft manufacturing giant will acquire KLX in a deal valued at $4.25 billion.

The $69.3 million deal includes 16 pressure barges with an aggregate capacity of about 258,000 barrels.

The strong growth came despite a slight year-over-year decline in transport volumes.

Transportation and logistics companies added another 400 jobs during the month following three consecutive monthly gains, according to recent preliminary data from the U.S. Department of Labor.

Total U.S. freight rail shipments climbed another 5.1 percent for the month following year-over-year gains of 5 percent in March and 3.3 percent in February.

Lou Rivieccio is named president of UPS Europe; Hapag-Lloyd appoints Lars Christiansen and Dheeraj Bhatia as region leaders.

The bi-weekly transpacific air freighter provides additional capacity as volumes grow

Deliveries provide significant uplift in capability in the region

Switcher units are being repowered at a Progress Rail facility

New Jersey governor sets up task force; California Supreme Court revises test for determining if a worker is an independent contractor.

The administration has reached agreements with South Korea, Argentina, Australia and Brazil regarding the imposition of tariffs on imports of steel and aluminum and extended negotiations with Canada, Mexico and […]

Commissioner asks for documentation as the FMC considers restricting ocean carriers’ ability to assess detention, demurrage and per diem fees.

CEO Bradley Jacobs reports “healthy” diversification of customer verticals and service lines, continued growth in e-commerce demand and a record $972 million in new business secured in the first quarter.

Conclusion of pilot Customs program has been pushed back from July to December.

The multimodal transportation services provider is adding about 800 trucks and 4,000 containers.

The global third-party logistics provider has its sights set on further investing in technology after posting a year-over-year increase in revenues of nearly 15 percent.

A.P. Møller – Maersk’s new financial reporting structure, effective from the first quarter, coincides with its strategy to become a global integrator of container logistics with one bottom line.

Global demand for air cargo ticked up 1.7 percent for the month, the slowest pace in 22 months, according to the latest data from the International Air Transport Association.

New office in Tema, Ghana will oversee the German carrier’s operations in West Africa.

The Danish global transport and logistics provider posted profits of 769 million Danish krone (U.S. $123.4 million) for the quarter, a year-over-year increase of 14.9 percent.

Overall average revenue per TEU increased by 8.3 perent compared to the first quarter of last year.

Deringer’s director of customs affairs and compliance vows to focus on protecting the industry.

The $5 million investment will enhance service for Florida importers and exporters

Carriers often mount efforts to extend the defenses and protections they enjoy under the Carriage of Goods by Sea Act to their agents and subcontractors.

The ocean shipping booking platform provider is piloting an automated container freight rate management system as part of a greater effort to drive data digitization and communication across the industry.

Terminal operator reports higher first-quarter container volumes.

Several firms filed substitution drawback for distilled spirits after the new process debuted in ACE, but Treasury has not decided whether such products will qualify.

A mechanism for continuous, supplemental bonding for importers subject to AD/CV duties will go before a committee in June; a Customs Trade Partnership Against Terrorism test likely will wrap up […]

The tech-focused freight forwarder landed $100 million in funding from Chinese parcel courier SF Express, a move company officials say will accelerate the expansion of its global logistics operations.

David Sullivan, Michael Poole and Mirja Nissen land new jobs

Company expects improvements in core Hawaii and Alaska trade lanes.

The short-line and regional railroad operator is actively evaluating acquisition and investment opportunities after drastically increasing its net income and revenue.

The Great Lakes Seaway Partnership says a shutdown could cause the loss of 11 million jobs.

The partnership aims to replace 10 percent of traditional jet fuel with local, sustainable supply in 10 years.

Industry groups are calling for a Federal Maritime Commission investigation of changes planned by container terminals in Los Angeles and Long Beach.

The 104-year-old waterway is expected to handle 244 transits from liquefied natural gas tankers this fiscal year.

The revised OffPeak program is expected to ramp up in August.

Chicago-based 3PL acquires freight management services division of ROAR Logistics.

The largest port on the U.S. East Coast handled 1.68 million TEUs during the first quarter, keeping it on pace for another record-breaking year in 2018.

The Chicago-based freight broker and third-party logistics provider posted a net income of $4.7 million in the first quarter of 2018 compared to a $2.9 million loss in the same quarter a […]

North America’s largest provider of truckload services reported a net income of $70.4 million in its second full quarter of post-merger operation.

The asset-light trucking company posted a net income of $57.47 million, revenues of $1.05 billion.

Associated British Ports and Volga-Dnepr announce appointments, and two female leaders are tapped for new positions.

A 190,377-square-foot distribution facility is expected to be available in Q1 2019.

DOT alleges Envision Engineering invoiced for deicer it never applied.

Federal Railroad Administration points to lowest injury rate among employees.

The transportation firm strategically located its 12th facility.

Inflight entertainment system designer has agreed to pay a $137.4 million criminal penalty to settle charges that it violated the Foreign Corrupt Practices Act.

Trade groups say the legislation doesn’t go far enough; Teamsters say it goes too far.

The $8.4 billion stock-for-stock transaction is expected to close in the third quarter.

Interior hubs are providing cheaper and faster options for transporting goods as volumes rise and consumers demand quicker deliveries.

Chinese carrier sees container volumes rise, except on the trade lane between Asia and Europe.

Drewry says leasing companies are expected to own 54 percent of the world’s shipping container fleet by 2020.

DOT outlines exemption procedures for air taxi operators planning commercial drop-offs

Industry veterans Marty Freeman, Paul Bell and Ian Scarffe take on new roles.

Elemental sulfur would be added and potassium acid tartrate would be reclassified.

High-tech cruise terminal is the largest project in the port’s history.

Initial work will make the narrow-gauge rail line system technically and economically operable.

The baseball team is considering Howard Terminal as stadium location

Shippers, logistics service providers and trade software firms can integrate existing solutions with Vault using only a few lines of code.

After suffering sustained losses in recent months, one measure of container freight rates spiked 12.8 percent last week, but another slipped 1.9 percent from the previous week.

NYK Line, MOL and “K” Line, which combined forces April 1 as the Ocean Network Express (ONE), reported a combined loss of $136.6 million in their last fiscal period as […]

Testifying Thursday before a House Energy and Commerce subcommittee, Trump administration officials pushed for passage of the Foreign Investment Risk Review Modernization Act of 2017.

The comments from the Maersk Group CEO come amid a precipitous drop in container freight rates that could threaten carrier profitability in 2018.

The Parliamentary Transport Committee has requested industry input for its review of potential effects on freight transport operations and infrastructure as the country splits from the European Union.

The less-than-truckload motor carrier posted an on-time delivery rate of 99 percent during the quarter as well as higher net income and revenues.

The annual growth rate of 2.3 percent in the first quarter is down from 2.9 percent the previous quarter.

The Class I railway increased net income, revenues and volumes during the quarter from the prior 2017 period.

The trucking and logistics company’s operating revenues for the first quarter of 2018 surged 20.6 percent year-over-year to $156.7 million.

A logistics powerhouse in Africa, the French company allegedly “provided discounted communications advice” in Guinea and Togo in exchange for licenses to operate container ports.

An industry association elects 2018-19 officers and Air Partner appoints interim chief financial officer.

Former CIA director Mike Pompeo gets the nod in a 57-42 vote.

The airline delivers enough limes for 1 million margaritas

The Southern California Chapter of the Construction Management Association gives the port two prizes for recently completed projects.

An unsolicited proposal outlines a vehicle for carrying passengers between the ballpark and Los Angeles Union Station

Proprietary mini tankers can fill up fleets in Texas and California

Expansion of all-cargo services is designed to support pharmaceutical, aerospace and automotive customers.

Lufthansa IT experts help equip the unit load device with new functions

Yusen Logistics will manage all inbound, storage, picking and value-added activities

The Kampala location will focus on the surge of industrial projects in East Africa.

China featured prominently in the Special 301 Report for the 14th consecutive year.

The U.S. Postal Service and Customs and Border Protection have been ramping up efforts to stop shipments of fentanyl, which largely arrive in the United States from China.

The union representing about 25,000 CBP officers cites “forced overtime shifts, multiple deployments away from home and low morale.”

Deferral of ship deliveries will improve supply-and-demand balance for liner companies.

The U.S-China Bilateral Maritime Consultations also included talks on competition and efficiency in the U.S. container shipping industry.

The total value of U.S. cross-border trade with Canada and Mexico increased for the 19th straight month in May.

The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement rose 8.7 percent year-over-year to $86.47 billion in February.

The Atlanta-based parcel giant saw its net income jump 15.4 percent year-over-year to $1.3 billion, led by double-digit profit growth in the international, supply chain and freight segments.

The weekly service was discontinued in 2005 following Hurricane Katrina.

The agency also has been taking a “really strong look” at forced labor used for imported goods.

Annual report lays out strategy for domestic and overseas multimodal transport and inland services.

Dale Spencer and Andreas Maierhofer have new roles.