Stay Up to Date on the Cargo Shipping Industry
The outbreak of the COVID-19 pandemic had a negative impact on shipping industry growth in 2020. With the world in lockdown, demand for non-essential consumer goods (and the means to ship them) decreased. Shipment of manufactured goods also decreased as factories closed in an effort to slow the spread of the virus. On top of that, China — one of the world’s largest exporters — was at the center of the pandemic, leading several countries to stop trade with the nation altogether.
According to the United Nations Conference on Trade and Development (UNCTAD), maritime shipping industry growth will likely slow or remain flat in 2023, driven by inflation and the ongoing war in Ukraine. For the overall 2023–2027 period, UNCTAD predicts growth at an annual average rate of 2.1%, slower than the previous 30-year average of 3.3%.
Check back here for the latest container shipping news, updates and trends. Looking for additional information and insights? Check out our Maritime Industry News archives.
FAA has proposed a $116,250 fine against Neovia Logistics Services of Irving, Texas, for allegedly violating federal hazardous materials regulations.
DB Schenker and solar industry testing firm TÜV Rheinland will develop a system to detect in-transit damage to fragile photovoltaic modules.
TX Logistik expands Scandinavian rail service, Troy Container Line relocates and expands Chicago LCL export CFS warehouse, and University of Denver’s Intermodal Transportation Institute changes its name.
TOTE Services names a new labor relations director, while MBLX appoints business development director and AICM has announced its chairman and CEO.
ILWU leader makes pitch for more training and 24-hour operations at the congested California port.
The commissioner’s new term runs through June 30, 2018.
Service will help meet additional demand in the wake of Horizon Lines departure.
The Athens-based containership owner agreed to acquire the YM Los Angeles and YM New Jersey for $21.5 million each.
The freight transportation forecaster predicts positive results in the SCI will deteriorate throughout 2015.
The funds are part of the Diesel Emission Reduction Act (DERA) program’s fiscal year 2014 allocation.
The first two U.S.-flag Great Lakes vessels departed the Port of Duluth-Superior, Minn. on Monday, signaling the start of the 2015 commercial shipping season.
C.R. England increases driver pay, Daikin Reefer launches new Active CA device, CEVA Logistics opens local distribution center for Magneti Marelli in Italy and U-Freight America moves HQ.
DHL Global Forwarding appoints Singapore manager, while ICAO names new secretary general and ampCNG adds executives.
Two other private equity firms are reportedly also considering selling barge companies.
Commissioner says shippers have seen a deterioration in service and significant increases in costs.
Shipper group also calls on carriers to quit discussion agreements, conferences.
The Dubai-based port operator saw respective increases of 11.7 percent and 8.7 percent in attributable profits and container throughput for the year.
The airline group said revenues increased in the second half of 2014 after seeing high fuel prices, reduced passenger yield and continued weakness and overcapacity in the air cargo market […]
In mid-March, American Pallet Recycling (APR) and its former president and owner, Raymond Viola, pleaded guilty and were sentenced by U.S. District Court in the Eastern District of New […]
Container Analytics with Ben Meyer The cover story this month examines the increasing size of vessels deployed between Asia and the United States, especially as it relates to the […]
It’s logical that after being shut in for months by the winter’s cold to get one’s house in order with a vigorous spring cleaning. The same can be […]
Automation, I’ve been led to believe from discussions with several management sources, was not a big issue in the contract talks between the International Longshore and Warehouse Union and […]
Prolec GE International contracted with HLI Rail Rigging to transport electrical transformers from Apodaca, Mexico to Port Arthur, Texas. HLI transported the transformers from the Prolec factory to […]
Camper’s World is a seller, manufacturer, and distributor of women’s apparel. On Jan. 8, 2013, Atlantic Drayage agreed to deliver a container holding 2,440 cartons of women’s clothing […]
World Bank suggests there are lessons to be learned from North American rail industry.
The logistics provider cleared a “key” regulatory approval in its proposed 100% sale to Japan Post Co.
The American Fuel and Petrochemical Manufacturers have alleged the railways surcharge on older tank cars used to move crude oil is an unfair way to raise prices.
CSX designates South Carolina industrial park as CSX Select Site, while CMA CGM appoints new shipping agent in Bahrain.
PierPass says volumes bounced back after falling in February.
Union members in its four bargaining units at the railway agreed to new 51-month deals.
Maersk Line and CMA CGM alter Safari 1/Shaka Express 2 loop, CN builds new intermodal and logistics hub west of Toronto, and IAG launches new route into Colombia and reopens […]
YRC names new general counsel, while the Midwest Association of Rail Shippers appoints 2015 officers.
Ras Baraka also called for the ability to collect taxes at Newark airport.
More than 40% of retailers and manufacturers plan to shift volume to East Coast ports on a long-term basis as a result of chronic congestion on the West Coast, according […]
The American Fuel and Petrochemical Manufactures has filed a lawsuit against the railway objecting to a $1,000-per-unit surcharge on older DOT-111 tank cars used to move crude oil.
MOL Project & Heavy Cargo covers four MOL Group companies – Mitsui O.S.K. Lines, MOL Logistics, Utoc, and Mitsui O.S.K. Kinkai.
The ports blamed the downturn on congestion and ILWU-PMA contract negotiations.
The new vessel will accommodate 4,140 passengers and be based out of dedicated terminal in the PortMiami.
DB Schenker Rail UK increases services from London Gateway, TAM Cargo inaugurates terminal in Brazil and GAC sets up operations office Japan.
Riker Danzig elected a new partner and MatchBack Systems named its president and CEO, while appointed a corporate account manager and two service center managers.
Although legislation had passed both chambers of NJ legislature unanimously, the override failed 25-14 in the N.J. Senate.
The ocean liner is looking to improve its fleet structure after merging with South American carrier CSAV.
Year-over-year combined net profits for the passenger and cargo airline group’s business units fell more than 82% in 2014.
Calls to the Northern California port had been suspended during the contentious ILWU-PMA contract dispute.
The airline, along with affiliate Dragonair, moved a combined 130,467 tons of cargo for the month.
The facility will focus on fresh produce shippers, in particular the farmed fish industry, according to the logistics services firm.
Tanker will be used to move crude oil from Alaska to West Coast ports.
The Lake Oswego, Ore.-based manufacturer received new orders for 10,100 railcars in its second quarter, ended Feb. 28.
U.S. military moves 51 specialty aircraft through JAXPORT, SDV uses first hybrid shuttle for last-mile delivery in Singapore, and TQL opens sales office in Portland.
Daseke has named three new board members, while BIFA appointed a dangerous goods adviser.
AlixPartners says liner carriers face “headwinds related to continued supply and demand imbalances.”
Pierre Danet will leave Hewlett Packard to join the ocean carrier as its new chief financial officer.
Integrated carrier expects the 28,000-square-foot facility to process more than 2,500 shipments per hour.
Troy Container Line announces new LCL service from Malaysia to New York, CaroTrans introduces new Shanghai import service to Seattle and Portland and CMA CGM adds Ningbo to its REX3 […]
According to a statement from the port authority, all terminals were operating normally on Thursday.
Decrease in spot rates comes despite a GRI announced by Transpacific Stabilization Agreement.
Parent company of ocean carrier Orient Overseas Container Line benefited from increased volume and lower fuel costs.
According to the port operator’s latest financial statements, profits fell 1.7% in 2014 despite 2.9% revenue growth.
American Pallet Recycling and its former owner, Raymond Viola, have pleaded guilty to fraudulent pallet heat treatment claims.
The ocean carrier and logistics provider attributed the growth to increases in shipping volume and the group’s freight forwarding business.
The Jones Act container carrier had a $65.7 million pre-tax restructuring charge related to its exit from Puerto Rico trade.
The economic research firm based changes in earnings estimates for the Canadian railways on increased volumes and a strong dollar.
The new facility in Colombo will complement APL Logistics’ existing cargo hubs in North and Southeast Asia.
WWL’s third vessel processing center in China will be located at an important gateway to Beijing and Northern China.
Profits were down 1% at the company in 2014 despite a 3.1% increase in group revenues, according to its annual report.
Lease for San Juan terminal is assigned to Luis Ayala Colon.
Proposed fuel standards would cut oil use by 9 billion gallons and save truckers $30 billion in fuel costs, according to a new study by the group.
The agency has proposed civil penalties against three companies totaling $215,570 for hazardous materials regulations violations involving air transport.
Express carrier TNT has started a five-times weekly flight between Tel Aviv and its hub in Liege, Belgium.
Schenker AG’s chairman steps down, while ATA appoints new VP and Hansa Heavy Lift raises focus on Asia-Pacific with appointment.
A dispute over work rules shut down terminals at Port of Oakland, but the backlog of ships has been reduced.
The Barbours Cut terminal is closed for the second consecutive day following a ship collision that caused a chemical spill on Monday.
Third executive sentenced as part of Department of Justice probe into price fixing in ro-ro shipping
U.S. steel exported in January fell 0.4 percent compared to the previous month.
Since it last updated these regulations, USDA said “business practices have evolved significantly and other countries have changed their livestock import requirements.”
The port said a recently completed bond sale will save it nearly $15 million.
The multi-purpose shipping line will add calls to its loop between the U.S. and West Africa.
The cooperative agreement includes the introduction of Cargolux’s 747 freighter services from Luxembourg to Chennai, India via Oman.
The breakbulk carrier plans to increase the size of its fleet to more than 500,000 deadweight tons this year.
CaroTrans commences Japan-to-Miami LCL service, Global Ship Lease takes delivery of second 8,063-TEU ship, and Liebherr Maritime introduces LHM 800 mobile harbor crane.
A second berth at Fairview Container Terminal in British Columbia will grow capacity to 1.3 million TEUs.
East Coast ports benefiting from increased volumes thanks to West Coast congestion.
The commission, created to fight corruption and regulate hiring at the ports, said the legislation is unconstitutional.
Truckload spot availability decreased 6% compared to January, according to the DAT North American Freight Index.
Carbofin S.p.A. was sentenced to pay a criminal penalty of $2.75 million for knowingly falsifying the oil record book for its ship “Marigola.”
“Oil train accidents are increasing at an alarming rate,” Sen. Baldwin and Rep. Kind told the White House.
The airfreight carrier posted revenues of $238 million for the year.
ADIPEC partners with Agility, Kalmar to deliver 20 additional cranes to DP World London Gateway, Nutrabolt taps Kane Is Able, ICAT forms customs brokerage subsidiary, Yusen creates project cargo team […]
Gordley Associates hires trade policy expert, while RILA names vice president of international trade.
The port said its cargo backlog should clear within as little as two months.
If okayed, the PMA-proposed West Coast labor pact will be sent to union members for ratification.
The shipping and logistics provider added 20 new member nations to its International Special Commodities program.
New buyers focused on Canadian investment and economic development.
CSX designates Ocala/Marion County Commerce Park a CSX Select Site, Toll acquires ODT Australis, AFFLINK partners with 3M and R+L Carriers relocates service center.
Experimental off dock drop yard at the Port of Los Angeles could help speed containers.
The International Association of Classifications Societies said it would continue to study the report and the will finalized the requirements soon.
The federal agency alleges shipments did not include relevant documents and were improperly packaged and labeled.
The Liberian Registry has appointed a new Hong Kong office manager, while Unicon named its L.A. branch manager.
Congressional watchdog agency told Senate lawmakers that FMCSA should enhance its Safety Measurement System for motor carriers.
Containers in stack at Centerm contained trichloroisocyanuric acid, according to the terminal operator.
