The port terminal operating arm of the Chinese state-run conglomerate reported net earnings of $69 million, an 84.3 percent increase from the prior year.
Move follows consolidation of its liner business with that of Japanese competitors.
Further gains likely as port adds capacity to handle temperature-controlled cargo.
Economist says, “The levels of freight will remain good going forward.”
Winsor Hill Hauling and CDE are charged with conspiracy and false statements.
Calista is intended to be an open and global digital supply chain orchestration platform other port and logistics providers can use.
The move comes one year after the freight forwarder launched service in the other direction.
Mississippi man accepted cash in exchange for falsified paperwork
Internet of Things provides more transparency in fleet management
The 315,000-square-foot facility will house forwarding, warehouse and distribution operations
Senators are told, “American cargo owners are saying their equipment is getting stuck, their cargo is getting stuck at these inland places.”
A controversial provision that would have privatized the nation’s air traffic control system has been dropped.
The shared-space distribution model is designed to shorten transit times without adding overhead.
The Class I railway increased its year-over-year net income, revenues and volumes.
Kenneth Wagers is named COO and Troy Cooper is promoted to president.
The companies believe FBX will set the stage for future derivative financial instruments.
Oregon Congressman Pete DeFazio is “hopeful” money will be dispersed from the projected $10 billion Harbor Maintenance Fund balance.
Airfreight tonnage rose by more than 20 percent, with strong growth recorded for exports from North America.
The Hong Kong-based ocean carrier projects an annual cost savings of $10 million from improved network operations and efficiency.
The second phase of development will increase port capacity by 21 million TEUs by 2027.
American Soybean Association is stressing the importance of trade with China.
The deal paves the way for the world’s first situational awareness system using artificial intelligence aboard a container ship.
The state-of-the-art warehouse will be located next to the world’s largest airport.
API integration will connect systems and provide enhanced digital payment solutions for shippers.
The Federal Motor Carrier Safety Administration orders Daya Trucking to immediately cease all interstate and intrastate operations.
Supporters and opponents address proposed changes to labor law.
The self-driving truck startup is striving to deliver dock-to-dock level 4 automation for commercial trucks carrying cargo in the United States and China and has expanded into the port autonomous […]
Fueled mostly by increased e-commerce, Frank Appel says the global logistics services provider is on track to reach an operating profit of U.S. $6.1 billion.
China’s Ministry of Commerce said it would welcome a visit from Treasury Secretary Steven Mnuchin to discuss the recent tit-for-tat tariff battle between China and the U.S. directly with leaders […]
Canadian National posted a net income of C$741 million on revenues of C$3.2 billion for the quarter, down 16 percent and 0.4 percent year-over-year, respectively.
The containership owner and operator said Mark Chu, its general counsel and chief operating officer, will step down effective Aug. 31.
All three of the major container carrier alliances now offer weekly service to the British Columbia port.
Massterly picks managing director and chairman and UPS appoints west region president, while APS Stevedoring names sales and marketing manager and Air Partner hires managing director for its regulatory and […]
The National Marine Fisheries Service on Tuesday announced it will require compliance with reporting and recordkeeping rules of the Seafood Import Monitoring Program beginning Dec. 31.
The Senate Foreign Relations Committee on Monday advanced the nomination of Mike Pompeo to be Secretary of State by a vote of 11-9. Pompeo is currently director of […]
Results of Endangered Species Act reviews for five species could determine whether endangered and threatened species will remain subject to import and export restrictions.
The U.S. Department of Transportation has opened applications for $1.5 billion in discretionary grant funding through the newly rebranded Better Utilizing Investments to Leverage Development (BUILD) Transportation program.
The final ruling clarifies the process for submitting Kimberley Process Certificates, which must accompany clean diamond exports and imports.
The U.K. maritime classification society issues a press release on the International Maritime Organization’s Resolution A.1119(30).
Some carriers allegedly are modifying cargo contract terms because of a lack of trucks at inland locations.
The Class I railway on Friday tendered final offers to the bargaining committees of two unions to renew collective agreements, averting potential strikes that were scheduled to kick in Saturday.
American Association of Port Authorities tells U.S. Trade Representative Lighthizer that sanctions could hurt jobs at ports, tax revenues.
After several months of negotiations, the European Union and Mexico reached an agreement in principle on trade and investment and hope to have the remaining technical issues resolved “as soon […]
The White House takes “key first steps in a series of government-wide initiatives to strengthen our allies, support the manufacturing and defense industrial base and drive American job creation and […]
The global logistics software provider, which has made more than a dozen acquisitions since January 2017, unveiled an additional three on Monday, expanding its presence in Latin America and Europe.
The Treasury Department’s Office of Foreign Assets Control on Monday said U.S. companies with business ties to the recently sanctioned aluminum producer and its subsidiaries will have until Oct. 23 […]
The 24-year-old Texas-based company provides logistics and information technology services to rail shippers and short lines.
The Jacksonville Port Authority has named an interim chief financial officer, while Roadrunner Transportation Systems promotes president to the board.
Mira Ricardel, former acting assistant secretary of defense for international security policy, will serve as deputy national security advisor.
Foreign companies want to invest in U.S. marine terminals, but they face government scrutiny that could curtail or even block their efforts altogether.
Thirty-two additional recyclable products including compressed car scraps will be banned by the end of 2019.
The agriculture secretary spoke at a House hearing to address China’s $3 billion worth of tariffs in retaliation against U.S. global duties on steel and aluminum.
Chinese telecom firm ZTE says the Commerce Department’s latest embargo will “severely impact the survival and development” of the company as well as cause harm to its U.S.-based partners.
The February reading of FTR’s Trucking Conditions Index, along with steadily increasing orders for Class 8 trucks and trailers, “reflects an environment for carriers that has never been better,” according […]
Ambassador Cho Yoon-je told the U.S. Chamber of Commerce that talks to update the free trade agreement built bilateral trust.
Wall Street analysts tracking the Class I railroad said the $639 million still fell short of expectations.
Officials from the French Atlantic port have proposed more than 500 million euros (U.S. $613.5 million) in investments following a 14 percent increase in container traffic in 2017.
But Vietnam’s national shipping company sees growth ahead after public stock offering this summer.
Turkey-based Yilport Holding has started the first phase of dredging the channel to Ecuador’s marine terminal, which it took over in March 2017.
Report says the government will place orders for 200 vessels over the next three years.
The intermodal equipment provider and chassis pool operator has joined the Blockchain in Transportation Alliance (BiTA), an organization dedicated to the development of blockchain for the freight transportation industry.
Matthew M. Sturges formerly was majority staff director for the House Transportation and Infrastructure Committee.
The U.S. Justice Department said Christopher M. Holbrook used excessive force against an individual in Las Cruces, N.M., and then falsified his report.
The Los Angeles Harbor Commission appoints a new president and the Port of Vancouver USA hires a director of economic development, while Acuitive Solutions names its chief operating officer.
The French container carrier and shipping company announced Friday that it had reached a deal to acquire an equity stake of nearly 25 percent of the global logistics company.
The French container carrier and shipping company announced Friday that it had reached a deal to acquire an equity stake of nearly 25 percent of the global logistics company.
Legislation would extend several agricultural export promotion programs under a new umbrella and adjust several other trade-related activities.
Amid posting a 19.3 percent year-over-year drop in net earnings, the Class I railway faces a “potentially devastating” work stoppage.
AutoMobile International Terminal’s vehicle processing roll-on/roll-off facility is expected to be completed by the end of 2019.
The shipping analyst said shipments of soybeans from the United States to China were down by 18 percent or 2 million tons in first two months of 2018.
San Francisco’s Red and White Fleet is running on a biofuel made at a Singapore refinery.
Sweden-based West Atlantic Group will operate the plane, which it expects will “improve reliability, lower aircraft operating costs and provide a better environmental footprint.”
Perishables specialist Streamlines will offer weekly service for containerized reefer cargo from U.S. South Atlantic to North Europe ports.
The freight forwarder and third-party logistics provider increased year-over-year consolidated profits and revenues in Q1 with airfreight volumes inching up amid lower ocean freight volumes.
The U.S. Gulf Coast port handled 9.7 million tons of cargo during the first quarter of 2018, up 2 percent year-over-year, with bulk material and steel being the primary drivers […]
Abu Dhabi Ports in the United Arab Emirates and Jiangsu Provincial Overseas Cooperation and Investment Co. Ltd. of China said 15 Chinese companies have signed agreements.
Agency chief tells House appropriators that the FDA will carry out enforcement action in an effort to curb underage use of e-cigarettes.
The Port of Los Angeles appoints deputy executive director of stakeholder engagement, while the Greenbrier Cos. names vice presidents for its manufacturing and leasing operations.
DHL and IBM predict artificial intelligence will be as omnipresent in commercial logistics processes as it is in consumer applications today.
Port of Los Angeles announces deal to lease shipyard to Space X for rocket construction.
H.R. 5040 would increase congressional oversight over executive branch implementation of export control regulations.
Geodis, Delta Drone say their product for automated inventory tracking will be operational by the end of the year.
The EU is fighting U.S. tariffs set to take effect May 1 through the World Trade Organization safeguards consultation process.
The API data connectivity provider for the freight industry gets $35 million to expand across modes and target shippers more directly.
The first in its class to release Q1 results, the railway reported a 4 percent year-over-year decline in volumes and a sharp drop in headcount.
The Lowell, Ark.-based intermodal and trucking provider saw its profits climb 15 percent to $118.1 million as revenues and intermodal volumes increased 19.6 percent and 6 percent, respectively.
The world’s second-largest contract logistics provider added about 5,000 jobs to its supply chain network during the first quarter.
Premium Transportation Logistics names president, while Wolfe Research appoints new managing director.
Ag secretary slams China’s decision to impose 178.6 percent antidumping levy on imports from the United States.
After 2017 profit, carrier will “continue to explore growth in the transpacific trade despite being a minor player.”
After a successful year of record gross revenues, the global logistics company has earmarked 188 million euros for investment in industrial goods and set its sights on expanding its U.S. […]
The mood at the 3PL association’s annual conference was buoyant based on truckload demand, but concerns about brokers’ digital strategies floated.
UPS appoints president of U.S. operations, while Geodis picks vice president of U.S. sales and ECU Worldwide names regional CEO for India, the Mideast and Africa.
The World Trade Organization’s recently published forecast predicts merchandise trade volume growth of 4.4 percent this year.
The average price for a gallon of on-highway diesel fuel hits $3.104, with prices the highest in California, according to the U.S. Energy Information Administration.
Senate Banking Chairman Mike Crapo supports confirmation of Jeffrey Nadaner to lead Bureau of Industry and Security Office of Export Enforcement and reform of Committee on Foreign Investment.
Container throughput at the Southern California port fell 26.7 percent from the same month a year ago to 577,865 TEUs after a record-setting February.
The most challenging part of the Surface Transportation Board Reauthorization Act of 2015 has been assuming the administrative and information technology functions previously housed under the DOT, according to STB […]
Terminals operated by the Northwest Seaport Alliance handled 302,516 TEUs in March, a 9.6 percent decrease from March 2017.
The $200 million loan will help the world’s top exporter of raw cashew nuts boost productivity and quality and directly benefit about 225,000 farmers.
