On The Surface: Top of the class
Despite Class I railroads thriving financially in 2017, just last month, the Surface Transportation Board cracked down on the railroads over deteriorating service after hearing from concerned shippers.
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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Despite Class I railroads thriving financially in 2017, just last month, the Surface Transportation Board cracked down on the railroads over deteriorating service after hearing from concerned shippers.
AlixPartners says carriers need to address the dual challenges of rising costs and oversupply.
The Jacksonville, Fla.-based AMPORTS has vehicle terminals and processing facilities in ports on the East and West coasts of both the United States and Mexico.
Transportation and logistics companies added 9,800 jobs in March 2018 following two consecutive monthly gains in January and February, according to recent preliminary data from the U.S. Department of Labor.
The world’s largest containership lessor named Ryan Courson chief financial officer, a 29-year old who joined the company last month as senior vice president of corporate development.
The United States increased beef, pork and lamb exports during the month in terms of volumes and value compared to February 2017.
The State Department said the agreement will strengthen commercial and economic ties between the countries.
Patriot Rail Co. has appointed a new chief commercial officer, while JAXPORT has named its director of government affairs.
The “eco-friendly mega containerships” are part of the Korean carrier’s plan to grow its fleet’s carrying capacity to 1 million TEUs.
According to the European Commission, international shipping accounts for 2 percent to 3 percent of all global greenhouse gases emissions, a number that is projected to rise along with the […]
About 2,400 sheep died from heat stress while being transported to the Middle East from Australia in August 2017, triggering an investigation by Australia’s Department of Agriculture and Water Resources, […]
Imports at ports tracked by the National Retail Federation’s Global Port Tracker surged 15.8 percent year-over-year to 1.69 million TEUs, but the association warned a potential tit-for-tat tariff battle with […]
The U.S. Department of Commerce will impose a subsidy rate of nearly 175 percent on imports of stainless steel flanges, valued at $16.3 million in 2016.
Ship construction standards, pollution and piracy are among the agenda items to be discussed at a May 11 meeting of the State Department-led Shipping Coordinating Committee in Washington, D.C.
RK Logistics names vice president of operations, and Voga-Dnepr Group appoints vice president of sales and marketing.
The Mississippi State Port Authority has signed a letter of intent to evaluate a private-public partnership with terminal operator Yilport Holding that it says could lead to substantial investment in […]
The newly formed joint venture company, dubbed Massterly, will offer “a complete value chain for autonomous ships, from design and development, to control systems, logistics services and vessel operations,” the […]
Global air freight demand rose 6.8 percent for the month, outstripping capacity growth for the 19th straight month, according to the latest data from the International Air Transport Association (IATA).
Total U.S. freight rail volumes grew another 5 percent for the month following a 3.3 percent gain in February, according to the latest data from the Association of American Railroads […]
The ocean carrier’s “Eagle GO. Guaranteed Service” will be extended to the westbound transatlantic and routes from Asia to Australia/New Zealand.
The 180,000-square-foot warehouse is now equipped with a Foreign Trade Zone, as well as a devoted receiving area to meet the demands of the booming e-commerce market.
COSCO SHIPPING Holdings Co., Ltd. turned a profit in 2017 and sharply increased revenues during the year amid higher volumes and improved freight rates.
Friendlier international trade policies and recent container terminal investments by Canada and Mexico should keep ports across the United States looking over their shoulders.
The South Korean government will help local shipping firms place orders for 200 ships by 2020, including 140 bulk carriers and 60 containerships, according to a report from KBS World […]
Transportation management solutions provider McLeod Software has integrated with online freight marketplace Truckstop.com’s payment platform, LoadPay.
Vilma Martinez is resigning as president of the Los Angeles Harbor Commission on Friday.
BDP International names vice president of global sales and marketing, while Pilot Freight Services appoints two regional vice presidents.
U.S. companies want something done about China’s trade practices, but fret over Trump’s approach to applying Section 301 tariffs on a powerhouse trade partner.
Honolulu-based ocean carrier Matson said two of APL’s vessels should not be eligible for Maritime Security Program payments.
The Federal Maritime Commission’s investigation into potentially unfair free time fees will help establish more uniform and predictable demurrage and detention practices at ports, according to Megan Montgomery, executive vice […]
Container shipping demand growth in 2018 and 2019 is likely to outpace fleet growth, resulting in slightly higher freight rates and profits for carriers, but, recent escalation in trade hostility […]
A tanker transiting the Bab al-Mandab, one of the busiest shipping lanes in the world, was attacked by Houthi rebels Tuesday.
The Class I railway’s train was en route from Atlanta to Chattanooga, Tenn. with mixed freight when it struck a semi-truck at a rail crossing in Acworth, Ga.
ANA Holdings will boost its air-cargo handling capacity by adding two new Boeing 777 freighters to its fleet in 2019.
Cargo airport Rickenbacker International in Columbus, Ohio, will add the Russian airline to its list of scheduled services.
Companies are challenged to hire the right personnel and create the internal wherewithal to keep up with compliance challenges bursting forth in 2018.
Miami-based Ryder System, Inc. said the $120 million deal positions it to become the second largest last-mile delivery provider of big and bulky goods across the United States and Canada.
David C. White, vice president of the Virginia Maritime Association (VMA), who has produced the VMA’s International Trade Symposium for 15 years, has been named executive vice president of the […]
NYK, MOL and “K” Line, which make up the Ocean Network Express, completed an aggregate investment of $3 billion into the container shipping joint venture, which commenced operations on Sunday.
The U.S. maritime regulator calls on ocean carriers and terminals to provide details on detention and demurrage practices as part of its investigation, dubbed Fact Finding 28.
The U.S. maritime regulator asked container carriers and marine terminals to provide detailed information about their port demurrage, detention and free-time practices as part of its investigation announced last month.
The United Nations Security Council designated 27 vessels for port bans, de-flagging, or asset freezes, and prohibited transactions with several shipping companies that have links to North Korea.
U.S. courts wrestle over whether the Montreal Convention’s liability provisions apply to air cargo damaged while in a warehouse near the Miami airport.
The proposed Harbor Performance Enhancement Center on Terminal Island at the Port of Los Angeles is designed to speed the flow of containers.
Rates between Asia and the United States, Europe and the Mediterranean all declined considerably last week compared with the same period a year ago, but rates from Europe to the […]
Several United States airlines awarded flights to Cuba in 2016 have since returned them, and now the Department of Transportation is seeking to reallocate those flights to other airlines that […]
The Memphis-based integrator’s purchase of Laindon, U.K.-based last-mile delivery specialist P2P Mailing Ltd. is expected to complement and help expand FedEx’s e-commerce offerings, the company said in a statement.
The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement (NAFTA) rose 9.9 percent year-over-year to $87.96 billion for the […]
The Texas port also posted a 7 percent year-over-year boost in cargo tonnage for the first two months of 2018.
The largest port on the U.S. East Coast set yet another monthly record in February, handling 521,921 TEUs after hitting a new January high a month ago, according to the […]
The Federal Railroad Administration (FRA) has released a status report detailing progress by major freight and passenger railroads in the federally mandated implementation of positive train control (PTC) systems.
Just four years after its initial launch, on-demand shipping startup Shyp shuttered operations earlier this week, becoming the latest in a string of cautionary tales for new entrants into the […]
South Korea’s largest ocean carrier revealed its planning to secure ultra-large containerships, expand service coverage, enhance cost-competitiveness and prepare for new environmental regulations.
Under the terms of the preliminary agreement, global port operator Gulftainer Group would lease the Port of Wilmington for 50 years and invest more than $580 million in the port […]
Container volumes from Asia to the United States will grow 6.8 percent in 2018 if there is not a trade war, according to a projection from Drewry Senior Economist Mario […]
Hong Kong-based third-party provider Kerry Logistics Network’s full year profits jumped 13 percent to $2.12 billion Hong Kong (U.S. $269.6 million) as revenues rose 28 percent from the previous year.
The trucking group expressed support for a bill introduced by Rep. Brian Babin, R-Texas, that would allow drivers to take one rest break per shift for up to three straight […]
The $126.7 million Mason Mega Rail Terminal at the Port of Savannah “will open a new corridor for American commerce to and from the Midwest” Georgia Gov. Nathan Deal said.
The multinational oil and gas company is planning to seek a new 30-year lease with upgrades from the port authority in the next five years.
TOTE Inc.’s president and chief executive officer announces retirement, as well as the Global Shippers’ Forum’s secretary general.
The White House released a list of objectives for a new infrastructure investment bill that reiterated President Trump’s objective of streamlining the project permitting process, but was scant on details […]
The agency will collect comments from stakeholders on costs, benefits, risks, and challenges to adopting positive train control systems through May 7.
Without compromise, there is a risk of no agreement on a meaningful strategy to cut down on carbon dioxide emissions, the International Chamber of Shipping said.
The containership owner and operator, which was established in 2017, closed out the year with a fleet of 41 vessels, 29 of which had been taken over by the end […]
Container volumes at the Port of Jacksonville in North Florida jumped 25 percent year-over-year to 100,346 TEUs in February 2018, thanks in large part to a 35 percent increase in […]
Norfolk Southern (NS) promotes vice president strategic planning and vice president industrial products; Port of New Orleans adds to board of commissioners; and CSAFE Global names new CEO.
The Texas port has pushed for more funding for its channel project as the booming energy industry in the area continues to grow.
Some say the current drop off in ocean freight rates is indicative of weakening fundamentals caused by persistent overcapacity, while others argue it’s just part of typical seasonal demand swings, […]
The board of the Diamond State Port Corp., which oversees the Port of Wilmington, is scheduled to consider Gulftainer’s proposal April 6, John Haroldson, director of marketing and trade development […]
Imports of steel to the United States stood at 2.36 million net tons in February, an 18 percent decline from the previous month and a 13 percent year-over-year drop, according […]
United States gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2017, according to the “third” estimate from the Department of Commerce, […]
Fleets have reacted to concerns about the driver shortage by raising pay, improving benefit packages, and offering other enticements to recruit and retain drivers, said Bob Costello, American Trucking Associations’ […]
The cargo divisions of Delta Air Lines and partner Air France/KLM have placed their cargo operations into a single warehouse at the Seattle-Tacoma International Airport.
Thanks to its merger with UASC last May, Hapag-Lloyd has strengthened its presence on routes between Asia and North Europe, and now has the strong fleet it needs to prosper, […]
The Taiwanese ocean carrier turned a profit in 2017 amid significant increases in consolidated revenues and volumes as it encountered tailwinds from a recovering shipping market.
The Dubai-based port terminal operator will establish the Democratic Republic of the Congo’s first deep-water port, with the first phase of construction starting this year and taking about 24 months […]
The port terminal operating arm of Chinese state-run conglomerate COSCO Shipping reported a net profit of $512.45 million for the full year in 2017, a 183.2 percent increase from the […]
Teamsters employed with the East Moline, Ill.-based less-than-truckload carrier voted to ratify a new contract that will remain in place through March 5, 2021.
The CMA CGM subsidiary will use space on an existing loop between Asia, Mexico and the West Coast of South America, effective April 6.
Pricing on routes between Shanghai and the rest of the world fell another 4.3 percent last week, continuing a steady decline that began in early February, according to the Shanghai […]
Negotiators from the International Longshoremen’s Association (ILA), the labor union representing dockworkers at U.S. East and Gulf Coast ports, and the United States Maritime Alliance (USMX) spent Thursday and Friday […]
Shipment volumes for the month jumped 5.9 percent from January and 11.4 percent compared with February 2017, while expenditures grew 5.2 percent sequentially and 14.3 percent year-over-year, according to the […]
The Consumer Product Safety Commission will host stakeholders in May to examine issues related to products that connect to the Internet, including newly posed ‘non-traditional’ safety matters that could fall […]
Ross Roggio of Stroudsburg, Pa., and his firm Roggio Consulting Co. were charged with conspiracy to illegally export firearm parts and tools to Iraq for manufacturing M4 rifles.
The ocean carrier introduced a new loop connecting Hong Kong, China and Vietnam, deploying one 1,200-TEU vessel.
The sweeping $1.3 trillion omnibus spending package signed by President Trump Friday, which contains funding for various landside and waterside projects, tripled the budget for the Transportation Investments Generating Economic […]
Office of Management and Budget (OMB) Director Mick Mulvaney told reporters President Trump would sign the $1.3 trillion spending package passed by Congress on Friday, but Trump says he is […]
A high-rise condominium complex overlooking the Port of Miami that is currently being built has a very extensive construction supply chain.
The 15,262-TEU containership, which caught fire earlier this month, killing five crew members, is expected to arrive at the Middle Eastern port in a few weeks.
Multiple companies at the SCOPE Supply Chain & Procurement Summit in Chicago this week discussed disruptions in their supply chains, along with what they are doing to combat disruptions.
Ocean freight rates from Asia to the U.S. West Coast are following a similar pattern to last year, when early gains were followed by sustained declines after the Chinese New […]
The Soo Locks, which allow vessels to traverse the 21-foot drop between Lake Superior and Lake Huron, will open Sunday after being closed since Jan. 15.
U.S. tariffs imposed on steel and aluminum imports will have a limited impact on most international bulk trades, but could hinder containerized shipping, BIMCO Chief Shipping Analyst Peter Sand said.
Domestic truckload rates jumped 6.5 percent for the month compared to February 2017, following year-over-year increases of 6.5 percent and 6.2 percent, respectively, in January and December, according the latest […]
The Ocean Network Express – the joint container business of NYK, MOL and “K” Line – will use Union Pacific to handle all intermodal shipments for vessels calling U.S. West […]
Intermodal pricing increased another 5.4 percent for the month compared with the same 2017 period, the 17th consecutive monthly year-over-year increase, according to the latest Cass Intermodal Price Index.
Port terminals operated by the South Carolina Ports Authority (SCPA) handled 168,480 TEUs of containerized cargo for the month, a 4.2 percent year-over-year decline, as the authority began construction on […]
The Northwest Seaport Alliance’s year-over-year increase in international container volumes in February offset a decline in domestic container traffic.
Michael Khouri, acting chairman on the U.S. Federal Maritime Commission, attended the Fourth Japan-U.S. Maritime Bilateral Meeting and met with regulators at the Japan Fair Trade Commission this week.