Norfolk Southern reports 39 percent profit hike
Precision scheduled railroading principles will be implemented “where they lead to a better result for customers and shareholders.”
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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Precision scheduled railroading principles will be implemented “where they lead to a better result for customers and shareholders.”
The Danish firm throws in the towel, claiming the Swiss company was unwilling to “engage directly.”
Infrastructure projects “will strengthen our ports, harbors and waterways and will create and sustain jobs,” says Oregon lawmaker Peter DeFazio.
President and CEO of Washington, D.C.-based industry voice discusses regulatory issues that are most pressing to the future of container shipping.
As much as 55 million tons of computers, TVs, air conditioners, refrigerators and more are discarded annually worldwide.
Nicole D’Agostino is tapped as a business development manager; Don Davis is hired as vice president of strategic fleet solutions.
The International Maritime Organization has released online programs that it says will help develop national strategies.
The freight brokerage company, which just completed the acquisition of AFN, is looking at four more opportunities.
David Parrott is promoted to vice president, and Holly Cuccolo is hired to lead solutions design.
The Trump administration suggested delaying the Jan. 1, 2020, implementation of a global regulation to lower the sulfur content in ship fuel, according to The Wall Street Journal.
The American Association of Port Authorities inducts officers; California businessman is sworn in; and longtime employee is promoted.
Agency has 45 days to study changes planned by Los Angeles and Long Beach terminals.
Supply chain stakeholders use volume pricing rates when they need a spot quote for shipments that don’t fit within traditional LTL or truckload parameters.
Move comes on the heels of last week’s rejection of a purchase offer from DSV.
Be mindful of new EU sanctions against chemical weapons proliferation as they relate to U.S. companies’ European branches and affiliates.
The White House has notified Congress, as required by the Trade Promotion Authority, to begin negotiations for three separate trade agreements.
Action could be reversed if negotiations with the Universal Postal Union are successful.
Washington Gov. Jay Inslee fired up over U.S. Secretary of Interior Ryan Zinke’s proposal.
The Office of Foreign Assets Control has extended for a fourth time the expiration deadlines of three general licenses involving U.S. business dealings in the oil and gas sector.
Freight rates and U.S. West Coast ports are still showing no sign of weakness in the wake of tariffs imposed on China.
Lawyer Carlos Rodriguez offers insight on Federal Maritime Commission and hours-of-service regulations and opportunities in e-commerce.
Shippers will pay a flat fee day and night to have containers picked up at Los Angeles and Long Beach container terminals.
TRAXENS expects to have 100,000 “smart containers” in use by the end of 2019.
Individuals knowing of a reason why an applicant should not receive a license should contact the Office of Transportation Intermediaries.
The Coast Guard found that Iraqi ports “failed to maintain effective anti-terrorism measures” and vessels require onboard security if they’re bound for the U.S.
Offshore wind farm business could be the biggest catch reeled in yet.
Carriers are sharing space on three services in Asia and will begin sharing space on seven services in North Europe and the Mediterranean this month.
Greek ship tracking company appoints chief operating officer; North American stevedore and marine terminal operator names director of business development.
Norfolk Southern accused of using shortline railroad as a “chess piece” to maintain monopolistic control over intermodal access in and out of Norfolk International Terminal.
The Swiss company said it instead plans to explore measures to enhance its performance with CMA CGM.
Hunt anticipates a $28.9 million hit to earnings when the award is combined with a driver settlement and charge related to a customer bankruptcy.
North Carolina ports closed as storm brings heavy winds and rain.
The Committee on Foreign Investment in the United States is expanding reviews of foreign acquisitions involving sensitive U.S. technologies and intellectual property.
Legislation authorizing billions of dollars to improve U.S. ports, dams and harbors heads to the president for signature into law.
The Trump administration told international law enforcement agencies in London this week that it will contribute more than $90 million next year.
The White House on Tuesday announced a new national initiative to fight illicit wildlife trafficking. Officials from the Justice, State and Interior departments will co-chair the U.S. task […]
Pensacola and Panama City ports are closed; FMCSA issues regional declaration for the transport of emergency supplies.
Chairman of the board elected to lead railway; managing director hired in Singapore.
Potentially devastating hurricane forecast to make landfall Wednesday
Container shipping giant is expanding beyond maritime transportation.
TMS provider says the purchase means its customers will be better able to take advantage of intermodal.
Oil spill reported after accident between passenger/roll-on, roll-off vessel and containership.
Production has begun in China for the order that includes 2,000 controlled-atmosphere containers.
Shippers, NVOCCs and ocean carriers all are at risk with legislation taking effect in California at the start of the year.
The company will begin employing the “marine fuel recovery” charge on Jan. 1, but the full effect will not be felt until late next year.
OFAC said the multimillion dollar fines resulted from improper screening and missed “red flags” involving an international airline billing program.
Census Bureau identifies 284,168 companies responsible for exporting $1.292 trillion in goods.
Drewry says futures indicate low-sulfur marine fuel prices may rise 55 percent when IMO 2020 mandate kicks in.
U.S. Immigration and Customs Enforcement official tells COAC members that export enforcement remains a top priority for the agency.
The paper application cost of a new ocean transportation intermediary license will increase from $1,055 to $1,962.
A CFO with a “different background” is taking over in Switzerland; a sales position is created and filled in the Netherlands.
The president of the Baltimore-based manufacturer discusses how to navigate the tariff-heavy landscape as well as the benefits free trade agreements provide.
Drewry reports the latest round of U.S. tariffs means “eastbound transpacific flows could be hit with an opportunity cost of approximately 1 million TEU next year.”
But UNCTAD expresses concern “increased inward-looking policies” and rise in protectionism could stifle trade.
Legislation includes provisions to require advance electronic data for international postal shipments and to strengthen DOT’s alcohol and drug testing practices.
The FMC commissioner is meeting interested parties at ports around the country as part of the second phase of the Fact Finding 28 investigation.
Containership charterer describes the investment of up to $200 million in Swiber Holdings as “opportunistic.”
Residual fuels that have “undergone rigorous fit-for-use assessments” will comply with the International Maritime Organization’s low-sulfur cap.
CSX also will offer improved access to the Ohio rail hub from the Port of New York and New Jersey.
International nonprofit names members of advisory council and board of directors; payment, supply chain and logistics companies announce hires.
Oil producer group reports in its annual outlook that it believes compliance will grow after 2020.
Japanese classification society says a large number of shipowners are planning ballast water treatment system installations in a narrow time window.
Gov. Jerry Brown signs bill that could speed up plans to build a new Oakland Athletics ballpark at Howard Terminal.
But the “big boys” like Walmart, Target and Best Buy are expected to be doing business in their stores and online.
New president leads domestic and international operations; French company appoints executive board; and Jamaican maritime leader chairs subcommittee.
In the final run-up to the midnight deadline, Canadian and U.S. trade negotiators reached agreement on the language for a NAFTA replacement.
Federal judge finds chemical manufacturer and NVOCC liable, not the shipowner or liner company.
Action targets XPO Logistics and NFI Industries operations over a wide area of Southern California.
Korean private equity firm’s purchase would add bulkers, tankers, gas carriers and breakbulk vessels.
JAXPORT has named Jacqueline Glass as its new director of procurement services. Glass has more than 25 years of experience as a supply chain professional focused on strategic sourcing and […]
European Commission asks for input as it looks at block exemption.
Commissioner Rebecca Dye will meet with interested parties in California and Florida in October.
Witnesses to appear before the Committee on Commerce, Science, and Transportation include the Federal Railroad Administration administrator.
Action that will be taken includes advance manifests for goods from China arriving in Canada and being trucked across the U.S. border.
The higher cost of domestic steel already is saddling car manufacturers with “hundreds of millions of dollars in new, unplanned cost.”
The state’s 25,000 port truck drivers “routinely face wage theft and illegal pay deductions while hauling goods for the world’s biggest brands,” the bill’s sponsor said.
U.S. Wheat Associates did charge that practices in “clear violation” of a WTO agreement helped establish Turkey as the world’s leading flour exporter.
CEO retiring and COO moving up; aerospace logistics company filling newly created commercial role.
Project is designed to attract containers now drayed to off-dock rail yards.
The scrapping of sister passenger- and cargo-carrying vessels marked the end of an era.
Appropriation of $30 million will help streamline processes, increase visibility and improve risk assessment.
Hewlett-Packard export compliance officer expects a lot of public comments on the control of technologies essential to national security.
“Importers are getting hurt” by duties meant to punish China.
CB Insights says while there has been a drop-off in funding this year, supply chain innovation is becoming a greater concern for businesses around the world.
Maersk, MSC and CMA CGM are implementing fees they say will help cover costs to reduce sulphur emissions; the IMO announces it will not push back the deadline.
Icelandic cargo shipping firm names interim managing director of U.S. operations; American Association of State Highway and Transportation Officials taps next executive director.
Three-judge panel could pave the way for the American Institute of International Steel’s appeal to go before the Supreme Court.
Maersk, CMA CGM and MSC announce fees to cover costs of meeting low-sulphur deadline.
The vessel gave asylum to 113 refugees when it was en route from Malta to Libya in June.
Some railroads are spending more than 20 percent of revenues on capital improvements to meet the growing demand for intermodal services.
Commissioners prefer a commercial solution rather than a rulemaking to bring clarity for how and when these fees are assessed by ocean carriers and marine terminals.
Drayage provider failed to pay 1,416 employees prevailing wages for work performed at the Port of Los Angeles/Long Beach.
Speculation follows reports earlier this year that CMA CGM approached Hapag-Lloyd and is interested in further acquisitions.
Promotions come with new responsibilities and ways of doing business to best serve customers.
Public comment on proposed changes to regulations will be accepted until Oct. 10.
Companies are deploying contingency plans and building inventories to avoid the full impact of higher duties coming in January.
Freight forwarding will remain a separate entity; MCC, Sealand and Seago Line will go to market as one brand.
The 50-year agreement calls for the United Arab Emirates-based company to invest up to $600 million.
Commercial truck operations at the North Carolina ports are expected to resume Monday.
At least 30 containerships were left waiting to berth, according to an account from The Brussels Times.