Shipping

The Swiss company, which has been an acquisition target of Danish firm DVS, reported a drop in ocean freight volume last year.

Witnesses gave the Senate Subcommittee on Transportation and Safety a variety of recommendations to improve intermodal infrastructure.

The Switzerland-based freight forwarder and logistics company reports both increased sales and profit for 2018.

The service will be paired with APL’s Eagle Express X transpacific service.

The ship Kauai will be moving cargo to and from Hawaii while Matsonia undergoes repairs.

Craft Ventures led the funding for the company, which wants to bring “Uber-like” efficiency to the drayage industry by linking freight forwarders with truckers.

Companies say a nearly two-year-old investigation has been dropped.

The deal appears to make Lineage the world’s largest operator of temperature controlled warehouses.

The port authority completed the USDA’s Southeast InTransit Cold Treatment Pilot program, showing its ability to handle refrigerated containers of South American fruits.

The AU$92 million acquisition marked the second in February for the Australian company, which has made more than two dozen acquisitions since January 2017.

Home Deport is among the latest investors in the same day delivery company.

Rising volumes and “reasonable” orders for new ships expected to result in improving balance of supply and demand in the container shipping industry.

A Boeing 767 cargo plane en route from Miami to Houston Saturday afternoon crashed into Trinity Bay, near the Texas city of Anahuac.

China service, terminals and logistics outweigh ongoing competitive situation in Guam and lower southbound volume in Alaska.

“FAA and TSA workers should not become the bargaining chips over congressional budget battles,” said Brandon Fried, executive director of the Airforwarders Association.

Shippers can gain on-demand, real-time access to carrier documentation.

SoftBank’s Vision Fund led the Series D round, which Flexport will use to improve technology, open offices and warehouses and hire employees with operational expertise.

But The Wall Street Journal is reporting the CEO had been under pressure for months to step down.

JAXPORT leaders at the annual State of the Port address report work may be completed two years ahead of the original schedule.

The company held a “Papa-Mama” seminar Thursday about the merits for men to participate in housework and child care.

The company says freight rates are higher as it begins contract negotiations with North American shippers.

C.K. Yoo is credited with helping HMM navigate a difficult period and last April was offered a three-year contract extension.

The ship, which was damaged by a container fire in early January, currently is at a yard in the Bahamas.

The strategic move positions the company to “more effectively provide economical shipping options for its clients throughout the Midwest and Northeast.”

A study finds year-over-year growth of 8.2 percent for freight traffic and 3.6 percent for number of vessels that transited the waterway.

Analyst predicts a slowdown in U.S. containerized imports and continuing shift to to East Coast ports.

Terminal operator’s move to strengthen its European short-sea presence follows last year’s acquisition of Unifeeder.

TFI International agrees to $7.2 million purchase of the Atlanta-based express delivery service’s assets, including its Guardian Medical Logistics unit.

The Taiwanese liner carrier has until May to decide on an option for four slightly larger containerships from Japan Marine United Corp.

The call will be a part of the company’s Pacific Express 3 service, which will create the “first direct connection” between the Vietnam market and central Florida.

Technology-driven logistics company names CFO; air cargo handler strengthens global network.

Maritime groups tell California legislators not to give special treatment to Oakland Athletics.

Individuals knowing of a reason why an applicant should not receive a license should contact the Office of Transportation Intermediaries.

FMC reviews 23 OTI license applications

   The U.S. Federal Maritime Commission has received 23 ocean transportation intermediary license applications and changes for review.    The FMC received non-vessel-operating common carrier license applications from A.T.I. North Point, New […]

With the acquisition, J.B. Hunt’s Final Mile division has grown to 100 locations and 3.1 million square feet of warehouses and facilities space.

Port Tampa Bay, Evergreen, Rand Logistics, American Airlines Cargo, Regions Bank, A&R Logistics and Los Angeles Customs Brokers & Freight Forwarders Association.

More than two-thirds of the Class I railroad’s $3.57 billion plan is going toward railroad maintenance.

A remotely operated subsea vehicle was used to inspect the hull’s submerged areas on a MOL Marine-operated cable-laying ship.

Michael Khouri discusses the FMC’s role as a regulatory agency in the ever-changing container shipping industry and what’s on his agenda for the remainder of 2019.

Year-over-year contract rates are projected to increase and overall rates are expected to remain mostly flat this year.

Vasquez, the new administrator, will take office in September; Espino de Marotta, who led the canal’s expansion program, will take office in January 2020.

The Swiss forwarding company Panalpina and Kuwait-based Agility talk “partnership opportunities” while the Danish firm DSV makes an all-cash offer for Panalpina.

FedEx shares also tumble over speculation that Amazon may handle more logistics work in house.

Customs and Border Protection said shipments on board the Yantian Express were in the process of being released prior to arrival in the U.S.

Interorient Marine Services will pay a $2 million fine to the U.S. government for attempting to conceal oily discharges into the Gulf of Mexico.

The record-setting stow took place at the PSA Singapore terminal on the ultra large containership’s westbound departure to North Europe.

Philadelphia-area company will supply fuel equal to about 10 percent of Maersk’s needs

World’s largest container lessor says customer demand was supported by solid trade growth and increased reliance by carriers on leased containers.

Heads of less than container load and finance and a maritime director are appointed.

The European Union has solidified its position to create a technology platform that will allow ocean carriers to report standard data to port authorities.

Joint control over the airline by Air France-KLM, Delta and the Virgin Group will not impede air cargo competition on the continent, the European Commission said.

Customs house brokerage is a “sticky” service, and that’s what makes it attractive.

Backed by CI Capital, the Chicago-based company already has made two acquisitions this year.

From sales to science, a slew of appointments take place in the U.S. and U.K.

Maersk said its purchase will increase its North American customs staff from 80 to 250.

The New Jersey-based less-than-truckload carrier plans for an “orderly wind-down of its operations.”

But Hyundai Merchant Marine saw growing revenue and a smaller operating loss in the fourth quarter.

The offer is for 30 Swiss francs per share, which values the Swiss company at 1.67 billion francs.

The global 3PL’s current chief operating officer will succeed John Wiehoff, who will retain his role as chairman of the board.

After more than five years of negotiations, the pact includes an immediate 17.72 percent pay raise, the union says.

The container is 100 percent recyclable and is touted to need repairs less often than one with a wooden floor.

The two firms will create a multimodal logistics company with more than $1 billion in freight under management.

The commission concluded the acquisition would not raise competition concerns.

The company’s Latin American container handling grew 23 percent year-over-year.

The first-of-its-kind retrofitting will have the battery sufficiency to allow the Hagland Shipping AS vessel to sail in and out of harbor on electric power for about 30 minutes.

The Airforwarders Association has found that direct participation by smaller forwarders in the Air Cargo Advanced Screening program remains minimal.

The International Air Transportation Association expects a slightly higher figure — 3.7 percent growth — in 2019.

Hawaii’s only Public Utilities Commission-regulated inter-island water carrier anticipates filing for another rate case in 2019, company president says.

The Food and Drug Administration has started accepting applications to develop a system to identify and trace certain drugs as they’re distributed within the U.S.

Pacific carrier appoints VP, manufacturer hires sales chief, Hong Kong-based company expands focus and port authority gets new head of communications.

NYK Bulk & Projects Carrier’s order is for 25 bulk carriers, and BW LPG will have 12 LPG carriers retrofitted.

CEO Jens Bjørn Andersen tells analysts consolidation makes sense in an “extremely fragmented” 3PL industry.

All three grew fourth-quarter revenue by at least 6 percent compared to 2017, but net income dipped.

The new assessment increased by more than 50 to at least 345 containers lost from the early January incident in the North Sea.

Industry veterans are promoted and board members are selected.

The U.S. Federal Maritime Commission has adjusted its civil penalty amounts to account for inflation, as required annually by the 2015 Federal Civil Penalties Inflation Adjustment Act Improvements Act.

Drewry says carriers will focus on making sure they can recover higher fuel costs.

The European Commission cites competition concerns for blocking the proposed deal on Wednesday.

Captain Peter will be integrated into the remote container management platform during the first half of the year.

VesselsValue says China still has the most valuable container fleet despite also seeing the largest drop in worth.

The funding increases the Chicago-based startup’s total capital raised to $100.5 million and comes less than a year after it gained $35 million in backing.

Vessel discharge of the Ever Summit, which struck a crane on Jan. 28, is expected to be completed by Thursday morning.

The port authority says the project proposed by Fraser Surrey Docks failed to show substantial progress on construction had been made by Nov. 30, one of 83 conditions.

The Class I railroad says it has seen an increase in efficiency and improvement in quality of customer service since implementing scheduled railroading.

The containership’s 16 sister vessels also are technically prepared for retrofitting.

Swiss foundation owning 46 percent of Panalpina does not support offer from Denmark’s DSV.

Shipping line’s executive vice president of trade says U.S. trucking and rising ship fuel expenses are other concerns.

The investments could facilitate new trade lanes despite looming economic uncertainty.

A Hapag-Lloyd ship that caught fire early in January is now moored off Freeport, Bahamas.

Volumes tapered off in the fourth quarter, growing 4.2 percent year-over-year.

Korea Development Bank is taking steps to merge Daewoo Shipbuilding and Hyundai Heavy Industries, but says Samsung may bid.

Containerships remain the top vessel, but the canal has seen an increase in LPG and LNG carriers since the expansion opened in June 2016.

The joint venture of Japan’s three largest shipping companies said it benefited from the rush to get cargo into the U.S. ahead of threatened tariff increase.

A new CEO steps in and a president is tapped to deepen relationships in the energy sector.

Railway officials discussed plans to grow intermodal cargo and develop the Nova Scotia port during this week’s earnings call.

Technology developments are aiding ports, but business models also need to evolve.

Port handled 9.5 million TEUs in 2018 and believes technology can help solve “persistent systemic problems.”

Three company veterans are promoted and a logistics specialist is named chairman of the board.