Executive Moves: Norfolk Southern, Hamburg Süd
Allen Sutherland named VP of law; Messer promoted to sales manager.
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.
Allen Sutherland named VP of law; Messer promoted to sales manager.
The Maritime Safety Act of 2018 would require access to timely weather forecasts and voyage data recorders to float free after an incident.
American Trucking Associations says bill would provide “common sense” relief for drivers.
Electronic network connects air cargo carriers with postal providers.
Last-mile visibility startup will use the latest funds to increase its product offering and workforce.
The busiest seaport on the U.S. East Coast handled 551,117 TEUs in May, its fifth consecutive monthly record.
Austin-based freight broker plans to grow staff, space and reach.
Norwegian company aims to transform the way shippers, freight forwarders and carriers conduct negotiations.
Maritime Administration accepting applications for piece — or all — of $6.79 million.
CEO says intermodal equipment provider is “on track to meet the ambitious plans we set for ourselves.”
Brückner promoted to assistant vice president; Lengenfelder joins port marketing department.
Los Angeles/Long Beach terminals expect reforms to fees, appointments to be delayed.
Both of the primary indices slipped, with one showing a significant year-over-year decline.
The men reportedly were crushed by slabs of Corian they were unloading from a truck.
Containership Alexander Maersk reportedly had to wait days before receiving permission to put the rescued people ashore in Sicily.
New pool of officers will fill positions on board U.S.-flag domestic and deep-sea vessels.
Office of Management and Budget report also proposes privatizing St. Lawrence Seaway.
Goal is to demonstrate viability of fast-charging yard tractors at Pier T.
Trax Technologies and Veraction managing more than $10 billion in logistics spend for over 300 customers.
The government is investing C$167 million in road and rail infrastructure projects to improve efficiency.
Ontario-headquartered firm focuses on fashion, footwear and action wear.
“Extraordinary visionary” grew business from one vessel to third-largest container shipping company in the world.
Jacques R. Saadé, founding president of the CMA CGM Group, passed away Sunday, June 24, 2018 at the age of 81.
The tentative “handshake” deal averts what could have been the largest labor strike in the United States in more than 20 years.
Traders on Wall Street apparently were unimpressed by FedEx’s earnings beat, selling the stock down 6.4 percent from Monday’s closing price.
Environmental study also will look at pros and cons of building a freight tunnel to connect New Jersey and Brooklyn.
About 20 companies will visit Ethiopia, Kenya, Côte D’Ivoire and Ghana next week as part of the President’s Advisory Council on Doing Business in Africa.
Freight Transport Association tells government: Give us the tools to keep Britain trading
Funding green-lighted for vehicle-processing center at Port of Nanaimo.
Freightliner cites environmental benefits of deal with Japanese carrier.
Railway tracking record C$3.4 billion capital program for 2018.
A sweeping Office of Management and Budget report proposes converting the Postal Service into a privately held corporation and spinning off air traffic control functions from the FAA.
Study says physical infrastructure of container shipping is unlikely to change.
MSC blames a “challenging operating environment for business.”
Accelerating growth in both volumes and spending a signal that “U.S. economy is ignoring all of the angst coming out of Washington” about potential trade war.
The board approved $277.6 million in capital expenditures, the largest portion of which will go toward the Hugh K. Leatherman Terminal currently under construction.
Throughput at terminals operated by the Northwest Seaport Alliance slipped another 4.4 percent.
Georgia and South Carolina ports authorities say their goal is to improve the supply and condition of chassis.
President Trump’s pick for the Consumer Product Safety Commission tells the Senate Commerce Committee that the agency still thinks in terms of “brick-and-mortar retail.”
The American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index ticked up 0.7 percent following a revised 2.7 percent increase the previous month.
Australia-based software company makes its eighth acquisition this year.
The American Line Pipe Producers Association is particularly pleased with Commerce’s “strong response” in its investigation of these imports from China and India.
Daugherty leading joint venture of APL and Fujitrans; Proulx heading operations for logistics provider; and Hendricks chairing board.
The deal is expected to close within three to six months.
International Maritime Organization called on to address safety and penalties.
The Memphis-based parcel giant reported a net income of $4.57 billion, up 52 percent year-over-year.
Carolina Dybeck Happe succeeds Jakob Stausholm, who resigned as chief financial officer of the Danish shipping conglomerate in March.
New warehouse campus will feature two buildings with more than 2.3 million square feet of space.
Japanese ocean carrier and its parent company are acquiring 50 percent stake in AKOFS Offshore AS.
The company announces plans to acquire up to nine ships and an initial public offering to raise up to $100 million.
Port authority promotes Shaun Stevenson to president and CEO.
Railway plans to invest C$210 million across the province as part of record C$3.4 billion capital program.
German-based tank container provider will bolster services to domestic Australian shippers of bulk liquid chemicals, wine, milk and liquefied gases.
Growing company promotes and hires.
The port has been experiencing delays from the implementation of a new terminal operating system.
Under the strategic partnership, Google will invest $550 million in China’s second-largest e-commerce provider.
New York-based private equity firm enters agreement to acquire one of the world’s largest third-party air cargo ground handlers.
Despite losing ground for the second straight week on a sequential basis, container freight rates between Asia and the United States are on the rise compared with last year.
State of the industry report sees a “steep grade ahead” with carriers in control as transportation demand outstrips supply.
Prices of diesel fuel and regular gasoline have declined for the past three weeks but still are higher than a year ago.
The acquisition moves control of two Maryland facilities with a fleet of around 900 units.
The parcel carrier will build another five compressed natural gas fueling stations and add more than 700 new CNG vehicles to its national fleet.
Operations are expected to commence by 2020.
Port has new CCO; Cleveland company hires managers; and insurance group appoints board members.
Ex-controllers’ alleged scheme to falsify records cost more than $245 million in shareholder value.
Twenty-three railcars, five containing propane, went off the track near Princeton Sunday night.
Legislation sent to Senate to curb imports of opioids and synthetic analogues and give FDA more tools to stop illicit drug imports.
U.K. port says performance has improved significantly after “minor teething issues” with its new terminal operating system.
Year-over-year growth in domestic truckload rates accelerated to 9 percent during the month, the largest increase ever for the Cass Truckload Linehaul Index.
North American intermodal rates climbed another 9.1 percent in May, according to the latest Cass Intermodal Price Index.
Watkins leading talent acquisition; Monson heading software provider; Mitchell overseeing human resources; and Coda is taking helm.
Drewry says emergency bunker charges won’t fully compensate carriers for rising fuel costs.
Maersk Container Industries will consolidate production of refrigerated and dry containers in China.
The American Institute for International Steel reports a 12.1 percent year-over-year increase in April to 3.76 million net tons of imported steel.
Rates to the West Coast tumbled 6.8 percent since last week, while rates to the East Coast fell 5 percent.
The $982 million budget includes funding for the Gerald Desmond Bridge replacement and the Middle Harbor Terminal redevelopment.
Third-party logistics revenues grew 8.1 percent in 2017, according to the supply chain research and consulting firm Armstrong & Associates.
The leader of the National Customs Brokers and Forwarders Association of America takes on everything from cargo manifest data to trade statistics.
Berkshire Hathaway-owned railway cites interoperability delays with other railroads.
Steady loaded import container volumes in May were offset by an 8.3 percent drop in loaded exports.
Projects in Alberta and Quebec are part of a C$3.4 billion capital program for 2018.
University of Maine, Rutgers and Penn State will split more than $7.7 million to support their transportation research and technology programs.
Council’s letter asserts “unjustified” fees violate agreement to end price signaling.
AFN national account manager explains how shippers, trucking carriers and 3PLs can work together to boost supply chain efficiency.
The Western Mediterranean-Middle East ME2 service is the second new call to the French port of Marseilles Fos by Maersk in as many weeks.
Premium service pioneered on routes to U.S. will be offered on cargo bound for Europe.
Hyundai Merchant Marine, APL and Evergreen will participate.
U.S. Army Corps of Engineers funding will help ensure deepening of Port of Charleston’s harbor to 52 feet stays on schedule.
The international freight forwarder is expanding its global perishables network with the acquisition of Newport Cargo, which handles 24,000 tons of airfreight exports per year.
Carrier adding 40-foot reefers and 45-foot containers to its equipment fleet.
DNB Markets has partnered with ocean freight rate benchmarking platform Xeneta to develop a “crystal ball” for carrier financials.
Uncertainty remains whether recent changes will set lines on a profitable course.
The Air Cargo Advance Screening program requires cargo data to be submitted to Customs and Border Protection before being loaded onto aircraft.
Jeffrey Kessler and two International Trade Commission nominees discussed their views on trade remedies that would fall in their would-be agencies’ jurisdictions, including duty and Section 337 investigations.
Northwest Seaport Alliance deepening channels, improving terminals to handle bigger ships.
The fast-growing containership owner and operator has completed a private placement of 7.25 million new shares at a fixed subscription price of 54 Norwegian krone (U.S. $6.75) per share.
Demand among carriers and shippers for this passage between the Pacific and Atlantic oceans shows no sign of abating.
The subsidiary of German auto manufacturer Daimler AG hopes to put two fully electric-powered commercial trucks into production in 2021.
“Tactical decision” made to limit the flow of empty containers during the project.
Autonomous vehicle startup secures an additional $7.5 million in seed funding.