Indictments delivered for jet fuel export scheme
Five employees of a Russian freight forwarder were indicted by the U.S. government on Tuesday for their role in violating U.S. economic sanctions by shipping jet fuel to Syria.
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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Five employees of a Russian freight forwarder were indicted by the U.S. government on Tuesday for their role in violating U.S. economic sanctions by shipping jet fuel to Syria.
The American Institute for International Steel warns a brewing tariff battle with Canada and Mexico could significantly dampen exports.
Shuffling of alliance services in San Pedro Bay blamed for 3.4 decline in number of TEUs handled.
U.S.-made components made their way to Russia without required State Department licenses.
Sauder Manufacturing says that imports of convertible couches made by a Canadian company are infringing its intellectual property rights and is asking for a limited exclusion order on those imports.
Harbor-deepening project receives Army Corps approval.
Two largest containership carriers making moves to improve schedule reliability.
After spending its first year focused on empowering independent owner-operators, Uber’s cargo spinoff is shifting to multi-truck carriers.
The Energy and Water Development Appropriations legislation makes use of revenues from the Inland Waterways Trust Fund.
The transportation management systems provider adds Trucker Tools’ freight-matching application to its offering to streamline the process of finding and securing truck capacity.
IFM Investors and British Columbia Investment Management Corp. buy pieces of Global Container Terminals from the Ontario Teachers’ Pension Plan.
Chinese trade war would economically damage California and Washington economies, says port leader.
Canada’s largest Class I railway earmarks C$470 million for its rail networks in British Columbia and Manitoba.
The self-driving truck startup selected the Matrix HPC storage system to provide flash-based parallel file storage capabilities.
Michael Noone is appointed president of TOTE Puerto Rico; Grace Green will take over as leader of TOTE Maritime Alaska.
The nonprofit Global Alliance for Trade Facilitation is working on modernizing the country’s customs bonding system.
DeMarco hired as chief commercial officer for Florida port; Wagoner tapped to head sales and marketing in western United States and Canada.
Ground handlers operating at U.S. airports are overwhelmed by increased cargo flows.
The company is adding 200,000 square feet of warehousing space near the New Jersey/New York ports and 200,000 square feet in Maryland over the next 18 months.
The second-highest month of container traffic in the port’s history is logged in the midst of infrastructure improvements and wharf modernization project.
Knight is named general counsel; Tanggaard is first male member of Norwegian group promoting female participation in maritime industry.
Sandler Travis trade attorney Michael Cerny said during a conference on Friday that the White House Office of Management and Budget is expected to pass the regulation back to CBP […]
Container terminals have seen recovering demand and have worked to reduce costs, says Drewry.
The Australia-based software company adds Canadian customs management solutions provider to its growing portfolio.
The parcel carrier and third-party logistics provider is adding direct sailings in 130 trade lanes covering Asia, Latin America, Africa, Europe, the United States, the Caribbean and the Middle East.
CJ Logistics has ambition to become “top-five global logistics company.”
The latest acquisition will add three countries to the rapidly expanding network.
The Jacksonville, Fla.-based Class I railway may or may not sell sections totaling about 650 miles.
Imports at ports tracked by the National Retail Federation’s Global Port Tracker were steady in April, ticking up just 0.3 percent year-over-year to 1.63 million TEUs.
Mexico was the leading value and volumes market for U.S. pork and lamb exports, according to the U.S. Meat Export Federation.
The United States’ deficit in goods and services trade shrank another 2.1 percent to $46.2 billion in April, the lowest level in seven months, following a revised 18.2 percent drop […]
Gov. Bruce Rauner on Tuesday announced $241 million in grants are being allocated toward 23 transportation projects designed to improve freight mobility across the state.
Congressional Ports Caucus disappointed harbor maintenance language removed from bill.
Container carriers transported more than 13.8 million TEUs in April, bringing the year-to-date total to 54.24 million TEUs, according to the latest data from Container Trade Statistics.
Association of American Railroads: “Right now, the economy is clicking, and railroads are both beneficiaries and enablers of that.”
The labor union is headed for a showdown with the parcel giant that could lead to the largest U.S. strike since 1997 if a deal is not reached by the […]
Canada’s second-largest Class I railway plans to introduce thousands of new hopper cars over the next few years that can carrier more grain.
Adesso system is designed to give less-than-containerload shippers “control and transparency.”
The trade deficit declined from C$3.9 billion in March to C$1.9 billion in April.
Lindsey is named branch manager; Mordhorst gets promotion.
New NSA, NRA language written to relieve regulatory burdens on NVOCCs and shippers.
Rank-and-file longshoremen and employers still have to vote on six-year contract, and local pacts also are being negotiated.
Rank-and-file longshoremen and employers still have to vote on six-year contract, and local pacts also are being negotiated.
FTR Transportation Intelligence reports fleets are struggling to keep up with demand in “red-hot market.”
Alibaba Cainiao says the facility “should be able to handle tens of millions of packages a year and bring an additional 1.7 million tons of cargo per year to the […]
The port just finished a renovation project at North Cargo Piers 1 and 2 and has other projects in the works that are expected to be completed in 2019.
Third-party provider CEVA Logistics says the integrated service with IMS Worldwide will provide substantial savings to customers on duties and import fees.
The Australian Transport Safety Bureau has opened an inquiry into the loss of 83 containers off the Yang Ming containership off the coast of New South Wales last week.
Lloyd’s List says the European shortsea and feeder carrier is being shopped just five years after being acquired by Nordic Capital.
The French ocean carrier has been working with San Francisco-based maritime technology startup Shone to develop artificial intelligence systems for use on CMA CGM containerships.
Legislation also proposed could relieve up to 90 percent of the trucking industry from the logging device mandate.
Logistics company hires key account manager; properties group names corporate affairs lead; airline taps commercial activities chief; industry groups elect board members; and longtime public servant becomes EVP.
Port expected to give final approval to new SSA Terminal deal for Oakland International Container Terminal and Matson Terminal.
The supply chain payment and finance platform provider’s Series E funding round, led by heavy hitters Goldman Sachs and PSP Investments, brings its total valuation to $1.1 billion.
Investigators want to see if Macron’s right-hand man promoted interests of shipping company.
Singapore-based ocean carrier Pacific International Lines is injecting several thousand TEUs per week of capacity into the trade between Asia and the east coast of South America.
The truckload carrier is issuing and selling up to 16,668,000 shares, while stockholders are selling up to 1,388,000 shares.
Investigations were launched after petitions were received from companies in Illinois and Texas.
Israel-based container shipping carrier makes senior management changes; transportation intelligence provider names VP of North American sales.
On his last day in office as governor, Chris Christie signed a bill into law withdrawing New Jersey from the bi-state compact that created the agency in 1953.
Decentralized technology could change some of the fundamental ways that the trade community keeps in line with government regulations.
The YM Efficiency was en route from Kaohsiung to Sydney when it encountered adverse weather conditions throwing 83 containers overboard and damaging 30 more on deck.
The acquisition of Finlogistics doubles the Danish company’s activities in Finland.
Hyundai Merchant Marine’s 20 new containerships will have an aggregate capacity of 388,000 TEUs.
Increased duties will take effect when the International Trade Commission publishes its final injury determination.
Surett is promoted to CFO; Cornede is named executive director; Matthews is tapped as association president.
Rising cost of fuel, port congestion among reasons cited for $55-per-TEU charge.
“Jetblack” will allow select customers in Manhattan and Brooklyn to send shopping requests via text message and have their orders delivered within one day.
Federal Motor Carrier Safety Administration revises exemptions on personal conveyance to include laden trucks.
Two legal battles on the West Coast involving proposed bulk marine terminals will test the limits of state and local government regulations over these projects.
As capacity tightens throughout the United States, shippers make best use of existing and future storage space.
CMA CGM and APL will purchase slots on sailings to Latin America.
The company has been growing its container fleet in addition to its mix of tankers, bulkers and oil and gas rigs.
Truck transportation and warehousing and storage had the biggest gains of the 18,700 added jobs.
Full operations resumed Thursday morning after railroad, Teamsters reached agreement Wednesday ending short strike.
Buffalo-based subsidiary of Rich food company extends reach into Texas.
Seaspan says deal will bolster its strategy to lead consolidation in containership sector.
The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement rose 5.5 percent year-over-year in March following an 8.7 percent […]
The containership owner and operator posted a first-quarter net profit of $500,000 on revenues of $28.3 million.
Global demand for air freight climbed 4.1 percent for the month after a 1.7 percent uptick in March.
Kansas City Southern chief is tapped to serve on the board of directors.
The 26 rubber-tired gantry cranes carry a price tag of $46.4 million.
Schwichtenberg named safety chief; Malin will head operations.
The Commerce Department has laid the groundwork for the assessment of countervailing duties on U.S. imports of certain plastic decorative ribbon from China.
The Commerce Department has finalized antidumping duty amounts for imports of citric acid and certain citrate salts from Belgium, Colombia and Thailand.
Full operations are expected to resume Thursday at 0600 local time across Canada after conductors and locomotive engineers went on strike Tuesday night.
European Shippers Council polls members about benefits of shipping consortia.
Shippers express concern about the effects a strike by Canada’s second-largest Class I railway may have.
Three whistle-blowers will receive about $4.4 million as part of the False Claims Act.
Some shipments may be affected as officials investigate the Wednesday morning explosion in Lexington.
The Florida-based TMS provider is the Australian company’s seventh acquisition so far this year.
The annual growth rate of 2.2 percent in the first quarter of 2018 is down from 2.3 percent in its initial projection and 2.9 percent the previous quarter.
Bud Wright says the time is right to step down as executive director of the American Association of State Highway and Transportation Officials.
Global Shippers Forum complains about “conference-style pricing methods to impose surcharges” on customers.
The Class I railway said the work stoppage is scheduled to start at 2200 Eastern time Tuesday.
After both lost ground the previous week, one measure of spot rates ticked up 1.4 percent sequentially last week, while another slipped 1.1 percent.
The move is designed to enable further collaboration in the transformation of China’s logistics industry.
The acquisition of Shipping and Airfreight Services is part of a long-term strategy to expand coverage around the globe.
U.S. exporters risk downplaying the Commerce Department’s Unverified List in their compliance checks.