U.S. steel imports fell in July
U.S. steel imports dropped 5 percent from July to 3.67 million net tons in August, according to the AIIS.
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%.
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U.S. steel imports dropped 5 percent from July to 3.67 million net tons in August, according to the AIIS.
Containerships will add two more dual-fuel engine-technology container vessels to its short-sea fleet.
With 90 percent of fire contained, terminals reopened Tuesday evening.
Companies hope to put gray pool in place by beginning of 2015.
Slot exchanges will allow each carrier to expand their scope of service.
Service providers detail intermodal issues at the annual IANA conference.
The terminal will provide container drayage services over the Port of Wilmington and rail ramps at Charlotte.
The FMC agreement would allow two ports to discuss congestion issues.
Tote awarded a $324.6 million Title XI loan guarantee to help finance replacement ships for Sea Star Line.
FTR reported North American truck trailer orders of 23,135 units in August, a 27-percent increase over the previous month.
The service provides up-to-date information on nearly 35,000 point-to-point connections worldwide.
European Shippers Council tells FMC that Maersk-MSC alliance might damage world trade.
MSC provides details on 2M, CMA CGM provides details on Ocean Three.
Long Beach executive says larger ships will cascade to smaller ports.
The natural gas boom is driving increased domestic chemical production and demand for new tank barges.
Danish company sells U.S. dollar bonds for the first time.
The Senate on Thursday voted to confirm Holleyman, who was nominated for the post in February.
The United States is proceeding with a labor-enforcement case against Guatemala under CAFTA-DR.
Chinese hackers have infiltrated systems of U.S. Transportation Command contractors at least 20 times in a single year, warned the Senate Armed Services Committee.
The Port Authority of New York and New Jersey has set Greenville Yard terminal to be its fourth ExpressRail terminal.
The Port of Cleveland and Spliethoff Group plan to add a second monthly vessel to the Cleveland-Europe Express.
Rates fall after a “pretty good summer” for liner carriers.
The Washington state port helped load scrap metal into a ship for export on behalf of PNW Metal Recycling.
Companies sign agreement for five ships to service between the East Coast and Gulf Coast, and Central America.
Area S.p.A. agreed to a civil penalty to settle charges that it sold U.S.-origin network monitoring equipment to Syria without authorization.
COSCO officials said the investment for new ships is needed to improve the competitiveness of its fleet.
FMC Commissioner William Doyle detailed revisions incorporated in a soon-to-be published proposed rule.
Speakers blame big ships, carrier exit from chassis business as contributing to port snarls.
Heavy weather and other challenges mean roadway will not be raised until the summer of 2016.
Express cold chain product now available to Scandinavia.
Drewry says Asia-U.S. West Coast spot rates could fall as volumes slacken, capacity grows.
The merger, once fully approved, will create the world’s fourth largest container shipping company.
Diversity of recent hires belies charges of discrimination, says ILA union and its employers.
BIS on Friday took additional steps to restrict trade with Russia.
After a three-year idle, the first trucks carrying export boxes will roll through the terminal gate Monday.
Forwarder will increase size of its logistics subsidiary in Hong Kong.
Bipartisan bill proposes to increase size of STB from three to five members.
Congress is told while Jones Act carriers are experiencing the best of times, things are worse for U.S. carriers in international trade.
PierPass announces Free-Flow Program to move bulk lots of containers quickly out of port.
TPP members finished 10 days of meetings Wednesday in Hanoi, making what they claim to be “important progress across a range of issues.”
ITA released about $2.2 million across eight non-profit business organizations university programs to assist their export promotion programs.
Containerization and Intermodal Institute is recognizing the CEO of MSC’s U.S. subsidiary for his leadership.
The move follows the company’s on-going work to merge US Airways’ former cargo operations into its own. The airlines initiated their integration nine months ago.
Coal shipped on the Great Lakes reached 2.6 million tons in August, an 18 percent drop compared to a year ago, according to the Lake Carriers’ Association.
Haven Energy’s proposal would move propane and butane to markets around the Pacific Rim.
The office, which will be managed by Oliver Schmidt, will focus on European road transportation services and logistics services for the German market.
U.S. Commerce Secretary Penny Pritzker will lead a delegation of U.S. businesses on an economic fact-finding mission to the countries later this month.
Maersk Container Industries says use of controlled atmosphere containers could boost mango trade.
USDA closed a loan guarantee to build a bio-refinery to produce jet fuel from solid waste.
With ILWU negotiations continuing, retailers stock up on holiday inventory.
Drewry says companies are eager to acquire, refinancie port assets while interest rates are low.
The vessel carrier will have 14,000-TEU ships in fleet by 2018.
‘Ocean Three’ agreements will unite the carriers on major East-West trades.
U.S.-flag freighters transported 11 million tons of cargo in August, according to the Lake Carriers’ Association.
Steel shipments continued to drop in July, according to the American Institute for International Steel.
An EPA grant will be used to imporve Los Angeles Harbor’s air quality.
Seaspan has entered into contracts for four 10,000-TEU ships.
Maersk plans to implement a GRI on cargo from the Far East.
All shippers must be mindful of how these new alliances might impact their service agreements as they start planning for the 2015 negotiating season.
U.S. carriers operating in domestic cabotage trades under the protection of the Jones Act are undergoing an “extraordinary renaissance,” while that’s not so in the international trades.
Israeli liner carrier believes it has renewed vigor now that restructuring is complete.
Can a distributor of DVDs expand and diversify its 3PL business?
In this decision, a request by the petitioners—a shipper and its insurance company—to have an arbitration award vacated was unsuccessful.
The International Chamber of Shipping is warning of new environmental regulations about to impact ship operators at more or less the same time.
APM Terminals executive says port and infrastructure development in Latin America lags economic, population growth.
The Swiss freight forwarder has merged its Panprojects and oil and gas logistics services to form Panalpina Energy Solutions.
Steven Rubin, who has been serving on an interim basis, is named president and chief executive officer at Horizon Lines.
St. Lawrence Seaway has reported that grain exports from the U.S. have made a comeback this year.
The Commerce agency published a notice regarding the effectiveness of its licensing procedures for Cuban agricultural commodity exports.
The U.S. Commerce Department reported that exports of goods and services in July increased from $196.2 billion in June.
Chinese reforms would allow foreign companies to establish shipping companies in Shanghai FTZ.
Deadly Ebola disease results in changed port rotations and additional charges for West Africa shippers.
Descartes sees continuing strong demand for its software.
North American large truck orders have had 19 months with year-over-year increases, FTR noted. August orders were the strongest for the month since 2005.
Kathy Fulton was appointed executive director of the American Logistics Aid Network, after serving as interim head following Jock Menzies’s death in August 2013.
Port Jersey Logistics says new warehouse in Cranbury will also be its headquarters.
Little Rock, Ark.-based trucking company opens new $4 million driver training center and aims to hire more military veterans.
Saltchuk, owner of Sea Star Line, closes on purchase of Caribbean carrier Tropical.
Grup TCB says expanded Puerto Quetzal on Pacific coast of Guatemala will accommodate post-Panamax containerships.
enVista opens new office in United Kingdom to provide freight bill auditing in Europe, Mideast, and Africa.
The U.S. Commerce Department released data for the first time linking exports to jobs.
Evergreen said it will partner with Mariana Express in launching a joint South China- East Malaysia.
Houston-based NVO Triton Global plans to continue expansion of services.
CSAV reported a $58.5 million in the second quarter of 2014.
Containerships continue to call at multiple North Europe ports rather than a single mega-hub, said Drewry.
Canada’s Pembina Pipeline plans new propane export terminal in Portland.
Kuehne + Nagel will provide its ocean freight customers with exact emission data.
The 3PL OIA Global has opened an office in Mumbai, India.
Container pricing on major East-West trade lanes drops by 6 percent.
Maersk and MSC say they plan to initially operate 97 ships ranging in size from 4,000 TEU to 13,000 TEU in the 2M vessel sharing agreement on trades to […]
CMA CGM said average revenue per TEU decreased by 3.9 percent over the period. However, the company said, “Freight rates remained volatile overall, with the usual high level of […]
The container liner company Mediterranean Shipping Co. said its Terminal Investment Limited affiliate has acquired Global Infrastructure Partners’ 50-percent interest in a company that owns Exoglan, the largest container […]
Judge Susan Wigenton wrote in her decision “the eradication of racial and gender-based discrimination is a purpose of the compact” between New York and New Jersey that created the […]
Worldwide Flight Services said it will acquire Swissport’s cargo business at Copenhagen Airport. As part of the deal, Swissport will transfer all business activities, including assets, to WFS […]
Maryland’s Department of Transportation has terminated an agreement with CSX to build the Baltimore Rail Intermodal Facility at Morrell Park and has pulled all state funding from the project. […]
Maersk said that due to backlog of plastic scrap containers, it will no longer accept plastic scrap from the U.S. and Canada to Haiphong and Da Nang, Vietnam, effective […]
The U.S. Federal Maritime Commission has received 32 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from American General […]
The U.S. Federal Maritime Commission has received 32 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from BeyondVista Corp., […]
With millions of truck-driver job ads flooding the market, the survey found that 79 percent of the drivers polled agreed that salary was most important when choosing a job. […]
S&P said, “The stable outlook reflects our view of the HPA’s prudent management of its capital program to date and our expectation that it will not issue significantly more […]