Shipping

After the race to consolidate, the world’s container shipping industry must resist injecting too much new capacity into an already volatile market.

Union says crew cuts and long hours worked are threatening safety.

The mail and logistics company’s revenues for the quarter were driven down by negative currency effects and the sale of Williams Lea Tag.

Navios companies also appear to be pursuing a similar strategy.

The Class I railway reported a net income of $1.1 billion on revenues of $5.6 billion.

A delegation in Beijing last week worked on “improving China’s protection of intellectual property and identifying policies that unfairly enforce technology transfers.”

While traditional big city freight hubs grapple with congestion, a new crop of rural inland ports is springing up as shippers look for efficiencies.

North American intermodal volumes grew 7.2 percent for the quarter thanks to a strong economy, higher fuel prices and an ever-tightening truck market.

The asset-based truckload carrier intends to list its Class A common stock on The New York Stock Exchange under the symbol USX.

The acquisition increases the domestic freight forwarder’s presence in the U.S. mainland-to-Alaska market.

Transit touted as faster than ocean and cheaper than air.

The global logistics provider reported revenues rose 16 percent year-over-year.

The 104-year-old waterway also is increasing the maximum beam for vessels transiting the locks.

Safety, project controls and workforce and business development are the focus of new roles.

Prime minister seeks ways to lower logistics costs and says Lach Huyen holds the key.

FedEx, UPS, XPO and Amazon are among the companies calling for an increase in the national standard; on the other side of the road is the Truckload Carriers Association.

FMC commissioner addresses changing container-shipping landscape and ongoing investigations.

Customs commissioner tells NCBFAA a lot of work remains to be done.

After moving in different directions the previous week, both the SCFI and Drewry WCI gained ground last week.

Multiple accidents have put automated cars and trucks in the hot seat.

A two-page proposal that will be considered in June could postpone the release of a final World Customs Organization framework for another year.

SeaIntel says if charter rates for feeders increase, the pricing spread between services calling direct port-port pairs and transhipment products could widen.

The bureau received 53 formal comments in response to an advance notice of proposed rulemaking for transactions in which a foreign buyer contracts with a U.S. agent to facilitate exports […]

The cooperative effort allows the two carriers to manage sales and bookings for standard and express shipments between Europe and the U.S.

Stock in the third-party logistics provider began trading on the SIX Swiss Exchange on Friday at an initial price of 27.50 Swiss francs per share.

The London-based containership owner and operator has extended an order for five 11,000-TEU vessels from Hyundai Heavy Industries with an additional four 14,000-TEU ships.

The world’s second-largest container carrier has signed a 30-year concession agreement with Abu Dhabi Ports.

According to the latest Cass Freight Index Report, the continued growth of shipments “is yet another data point confirming that the strength in the U.S. economy continues to accelerate.”

Port of Los Angeles says reforms are a “step in the right direction.”

Shipping lines need to reach agreements with GE Transportation in order for the PierPass 2.0 program to move ahead.

The LTL holding company recorded a net loss of $14.6 million, compared to $25.3 million last year.

The Hong Kong-based containership lessor reported a net profit of $67 million for the quarter as revenues rose 11.7 percent to $244 million compared with the same 2017 period.

The aircraft manufacturing giant will acquire KLX in a deal valued at $4.25 billion.

The $69.3 million deal includes 16 pressure barges with an aggregate capacity of about 258,000 barrels.

The strong growth came despite a slight year-over-year decline in transport volumes.

Transportation and logistics companies added another 400 jobs during the month following three consecutive monthly gains, according to recent preliminary data from the U.S. Department of Labor.

Total U.S. freight rail shipments climbed another 5.1 percent for the month following year-over-year gains of 5 percent in March and 3.3 percent in February.

New Jersey governor sets up task force; California Supreme Court revises test for determining if a worker is an independent contractor.

Commissioner asks for documentation as the FMC considers restricting ocean carriers’ ability to assess detention, demurrage and per diem fees.

CEO Bradley Jacobs reports “healthy” diversification of customer verticals and service lines, continued growth in e-commerce demand and a record $972 million in new business secured in the first quarter.

Conclusion of pilot Customs program has been pushed back from July to December.

The multimodal transportation services provider is adding about 800 trucks and 4,000 containers.

The global third-party logistics provider has its sights set on further investing in technology after posting a year-over-year increase in revenues of nearly 15 percent.

A.P. Møller – Maersk’s new financial reporting structure, effective from the first quarter, coincides with its strategy to become a global integrator of container logistics with one bottom line.

Global demand for air cargo ticked up 1.7 percent for the month, the slowest pace in 22 months, according to the latest data from the International Air Transport Association.

New office in Tema, Ghana will oversee the German carrier’s operations in West Africa.

The Danish global transport and logistics provider posted profits of 769 million Danish krone (U.S. $123.4 million) for the quarter, a year-over-year increase of 14.9 percent.

Overall average revenue per TEU increased by 8.3 perent compared to the first quarter of last year.

Deringer’s director of customs affairs and compliance vows to focus on protecting the industry.

Carriers often mount efforts to extend the defenses and protections they enjoy under the Carriage of Goods by Sea Act to their agents and subcontractors.

The ocean shipping booking platform provider is piloting an automated container freight rate management system as part of a greater effort to drive data digitization and communication across the industry.

Terminal operator reports higher first-quarter container volumes.

Several firms filed substitution drawback for distilled spirits after the new process debuted in ACE, but Treasury has not decided whether such products will qualify.

A mechanism for continuous, supplemental bonding for importers subject to AD/CV duties will go before a committee in June; a Customs Trade Partnership Against Terrorism test likely will wrap up […]

The tech-focused freight forwarder landed $100 million in funding from Chinese parcel courier SF Express, a move company officials say will accelerate the expansion of its global logistics operations.

Company expects improvements in core Hawaii and Alaska trade lanes.

The short-line and regional railroad operator is actively evaluating acquisition and investment opportunities after drastically increasing its net income and revenue.

Industry groups are calling for a Federal Maritime Commission investigation of changes planned by container terminals in Los Angeles and Long Beach.

The 104-year-old waterway is expected to handle 244 transits from liquefied natural gas tankers this fiscal year.

The revised OffPeak program is expected to ramp up in August.

Chicago-based 3PL acquires freight management services division of ROAR Logistics.

The largest port on the U.S. East Coast handled 1.68 million TEUs during the first quarter, keeping it on pace for another record-breaking year in 2018.

The Chicago-based freight broker and third-party logistics provider posted a net income of $4.7 million in the first quarter of 2018 compared to a $2.9 million loss in the same quarter a […]

North America’s largest provider of truckload services reported a net income of $70.4 million in its second full quarter of post-merger operation.

The asset-light trucking company posted a net income of $57.47 million, revenues of $1.05 billion.

Trade groups say the legislation doesn’t go far enough; Teamsters say it goes too far.

The $8.4 billion stock-for-stock transaction is expected to close in the third quarter.

Interior hubs are providing cheaper and faster options for transporting goods as volumes rise and consumers demand quicker deliveries.

Drewry says leasing companies are expected to own 54 percent of the world’s shipping container fleet by 2020.

DOT outlines exemption procedures for air taxi operators planning commercial drop-offs

After suffering sustained losses in recent months, one measure of container freight rates spiked 12.8 percent last week, but another slipped 1.9 percent from the previous week.

NYK Line, MOL and “K” Line, which combined forces April 1 as the Ocean Network Express (ONE), reported a combined loss of $136.6 million in their last fiscal period as […]

The comments from the Maersk Group CEO come amid a precipitous drop in container freight rates that could threaten carrier profitability in 2018.

The Parliamentary Transport Committee has requested industry input for its review of potential effects on freight transport operations and infrastructure as the country splits from the European Union.

The less-than-truckload motor carrier posted an on-time delivery rate of 99 percent during the quarter as well as higher net income and revenues.

The annual growth rate of 2.3 percent in the first quarter is down from 2.9 percent the previous quarter.

The Class I railway increased net income, revenues and volumes during the quarter from the prior 2017 period.

The trucking and logistics company’s operating revenues for the first quarter of 2018 surged 20.6 percent year-over-year to $156.7 million.

A logistics powerhouse in Africa, the French company allegedly “provided discounted communications advice” in Guinea and Togo in exchange for licenses to operate container ports.

An industry association elects 2018-19 officers and Air Partner appoints interim chief financial officer.

The U.S. Postal Service and Customs and Border Protection have been ramping up efforts to stop shipments of fentanyl, which largely arrive in the United States from China.

The union representing about 25,000 CBP officers cites “forced overtime shifts, multiple deployments away from home and low morale.”

Deferral of ship deliveries will improve supply-and-demand balance for liner companies.

The U.S-China Bilateral Maritime Consultations also included talks on competition and efficiency in the U.S. container shipping industry.

The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement rose 8.7 percent year-over-year to $86.47 billion in February.

The total value of U.S. cross-border trade with Canada and Mexico increased for the 19th straight month in May.

The Atlanta-based parcel giant saw its net income jump 15.4 percent year-over-year to $1.3 billion, led by double-digit profit growth in the international, supply chain and freight segments.

The weekly service was discontinued in 2005 following Hurricane Katrina.

The agency also has been taking a “really strong look” at forced labor used for imported goods.

Annual report lays out strategy for domestic and overseas multimodal transport and inland services.

The port terminal operating arm of the Chinese state-run conglomerate reported net earnings of $69 million, an 84.3 percent increase from the prior year.

Move follows consolidation of its liner business with that of Japanese competitors.

Senators are told, “American cargo owners are saying their equipment is getting stuck, their cargo is getting stuck at these inland places.”

The shared-space distribution model is designed to shorten transit times without adding overhead.

The Class I railway increased its year-over-year net income, revenues and volumes.

Kenneth Wagers is named COO and Troy Cooper is promoted to president.

The companies believe FBX will set the stage for future derivative financial instruments.

Oregon Congressman Pete DeFazio is “hopeful” money will be dispersed from the projected $10 billion Harbor Maintenance Fund balance.

Airfreight tonnage rose by more than 20 percent, with strong growth recorded for exports from North America.

The Hong Kong-based ocean carrier projects an annual cost savings of $10 million from improved network operations and efficiency.