YMM, OOCL and ONE to launch joint intra-Asia loop
The new loop will link South China and Japan with Southeast Asia, utilizing four vessels averaging 4,754 TEUs.
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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The new loop will link South China and Japan with Southeast Asia, utilizing four vessels averaging 4,754 TEUs.
The Israeli ocean carrier will drop a call at Halifax on its ZIM Container Service Pacific loop, but will launch a feeder service, dubbed the Canada Florida Express, which will […]
The American Trucking Associations’ (ATA) seasonally adjusted For-Hire Truck Tonnage Index slipped 2.6 percent compared with the previous month, but remained 5.7 percent higher than in February 2017.
Volkswagen Group Logistics will charter the two roll-on/roll-off vessels capable of handling 6,500 vessels each from Siem Car Carriers AS.
CSX appoints a new vice president and controller, while Volga-Dnepr hires commercial director.
Hufbauer discussed potential implications of President Donald Trump’s Section 232 tariffs on aluminum and steel, the status of the NAFTA renegotiation, and the chances that the Trump administration could withdraw […]
The Memphis-based parcel giant reported a net income of $2.07 billion in the third quarter of its fiscal 2018 year, up a whopping 257 percent from the same period last […]
The technology firm has introduced Skylark, a cloud-based, high-precision global navigation satellite system service for autonomous vehicles.
Singapore-based port terminal operator PSA International increased its earnings 5.1 percent to 1.23 billion Singapore (U.S. $936.3 million) in 2017, as revenues and container volumes climbed 7.8 percent and 9.8 […]
The U.S. Commerce Department is scheduled to announce its final determinations on stainless steel flange shipments from China and India by June 5.
The annualized driver turnover rate at both large and small truckload (TL) carriers fell during the final quarter of 2017 compared with the previous three-month period, but rose when compared […]
Domestic container carriers ramped up capacity by adding vessels, containers and manpower to carry cargo for emergency relief and rebuilding efforts.
With low post-Lunar New Year volumes resulting in skipped sailings on transpacific services, some terminals at the Southern California seaports of Los Angeles and Long Beach are closing during daytime […]
Jakob Stausholm, chief finance officer, chief strategy and transformation officer, and registered director of the A.P. Moller – Maersk will resign from the company by the end of the month, […]
Ocean Network Express CEO Jeremy Nixon said the three major consortia that dominate the deep-sea container trades may undergo a period of “setting down.”
The logistics and transportation services provider snapped up Summit Northwest Corp and Freight Force and has no plans on letting up on its acquisition spree.
Lt. Gen. Todd Semonite, commanding general for the U.S. Army Corps of Engineers, told lawmakers he expects to complete five chief’s reports and recommend changes to two private sector-sponsored projects […]
A FedEx worker suffered minor injuries when a device inside a parcel exploded early Tuesday morning at a distribution center in Schertz, Texas, according to statements from local law enforcement.
A Hapag-Lloyd containership struck a Gold Star Line vessel on Monday while berthing in Karachi.
The Senate confirmed Kevin McAleenan to serve as commissioner of U.S. Customs and Border Protection by a vote of 77-19 on Monday.
President Donald Trump has shifted Ann Begeman out of the acting chair role at the Surface Transportation Board to become chair.
The Green Bay, Wis.-based national trucking company completed its conversion to a company-owned and managed chassis fleet by buying over 15,000 intermodal container chassis over the last four years.
The acquisition of Peruvian logistics provider Cosmos Agencia Maritima (CAM) extends DP World’s reach in Latin America and continues the firm’s diversification into third-party logistics offerings.
Now by far the largest truckload carrier in the United States, Knight-Swift Transportation Holdings has made its first acquisition since its merger in fall 2017, purchasing Richmond, Va.-based Abilene Motor Express […]
The parcel and express carrier has begun to expand its U.S. market presence by offering a new delivery program that caters to urban e-commerce retailers and shoppers.
The port terminal operator subsidiary of conglomerate C.K. Hutchison Holdings Co. posted an annual container throughput of 84.7 million TEUs last year, 4 percent more than in 2016, and expects […]
The U.S. Department of Agriculture and its counterpart in the South Korean government have reached an agreement on how to minimize the trade impacts when future cases of highly pathogenic […]
According to the members of the 2M Alliance vessel sharing agreement, Maersk Line and MSC, a reduction in the number of port calls in its services connecting Asia with Europe […]
Olso, Norway-based feeder specialist MPC Container Ships has agreed to acquire five vessels from Simatech ranging in size from 1,201 TEUs to 1,440 TEUs and another 1,350-TEU vessel for a […]
The nearly 800 workers of Air Express International (AEI), a U.S. subsidiary of DHL Global Forwarding and Deutche Post-DHL of Bonn, Germany, have overwhelmingly approved a new national contract.
By handling of more than 87,000 Ford vehicles in 2017, the Port of Portland, Ore., maintained its top position for West Coast auto exports.
European over-the-road transportation provider Freightex has been folded into Coyote Logistics, as parent UPS expands its services across the continent.
The U.S. Federal Maritime Commission has received 22 ocean transportation intermediary license applications and changes for review.
Individuals knowing of a reason why an applicant should not receive a license should contact the Office of Transportation Intermediaries.
The U.S. Federal Maritime Commission has received 22 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 22 ocean transportation intermediary license applications and changes for review.
The U.S. maritime regulator has received 22 ocean transportation intermediary license applications and changes for review.
FMC reviews 22 OTI license applications
The U.S. Federal Maritime Commission has received 22 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from ACM Enterprises Group, Carson, Calif. (Edgar […]
FMC reviews 22 OTI license applications
The U.S. Federal Maritime Commission has received 22 ocean transportation intermediary license applications and changes for review.
UPS appoints managing director of UPS Korea, Amsterdam Airport Schiphol names cargo head, the National Retail Federation (NRF) appoints NRF Foundation president, and United Properties picks asset management vice president.
Anthony Reardon, the head of the union representing U.S. Customs and Border Protection (CBP) port officers, has raised concerns about the agency’s and Congress’ dedication to hiring more officers to […]
The French ocean carrier turned a profit in 2017, partly due to its acquisition of APL in mid-2016, and expects volumes to continue to hold strong this year.
Utah Gov. Gary R. Herbert indicated his intent to sign a bill that would allow for an inland port in the northwest quadrant of Salt Lake City, which would be […]
The Dubai-based container terminal operator increased its profits, revenues and throughput in 2017 from the prior year.
The 5,616-TEU Maersk Kensington reported a fire Thursday in a cargo hold, but the cause of the fire is still unknown.
The Limassol, Cyprus-based port terminal operator posted a net loss of $53 million compared with a $61 million profit in 2016, despite rising volumes and relatively steady revenues, according to […]
The Mississauga, Canada-based all-cargo airline posted net earnings of $23.7 million Canadian (U.S. $18.1 million) for the year compared with just C$2.4 million in 2016, as revenues rose 15.7 percent […]
Medway will introduce a freight rail service between Spain and Portugal, expected to begin April 4.
PierPass President John Cushing said he suspects marine terminal operators at the two ports will make a decision within the next few weeks.
House members expressed concern about the stability of the Coast Guard budget, as well as the cuts to the Maritime Security Program and PL-480.
Acting U.S. Federal Maritime Commission Chairman Michael Khouri told House lawmakers at a hearing Wednesday that President Donald Trump’s fiscal year 2019 budget request of $27.49 million for the agency […]
The world’s largest ocean carrier has projected Mexico’s container trade will grow 6 percent this year as the country continues to be fueled by various economic tailwinds.
The International Air Transport Association has launched a new online air cargo tool, dubbed Dangerous Goods AutoCheck, to assist airlines, handlers, third-party logistics providers and shippers comply with dangerous goods […]
Broad-based economic expansion is accelerating thanks to “robust” investment growth and increases in international trade, but risks remain in the form of rising trade tensions, according to the Organisation for […]
The Government Accountability Office recommended that U.S. Customs and Border Protection work with partner government agencies to finalize an Automated Commercial Environment (ACE) work plan.
Seaspan is increasing the size of its fleet by 29 percent through the acquisition of the remaining 89 percent of Greater China Intermodal Investments it did not already own.
The California port handled 14.9 percent more loaded import containers in February from 12 months prior, reaching 174,902 TEUs.
300cubits adds to advisory board and Cargojet appoints new board chairman.
The U.S. Department of Transportation (USDOT) will allocate almost $500 million to 41 road, transit, maritime and rail projects under the Transportation Investment Generating Economic Recovery (TIGER) program.
Agricultural haulers were granted an additional 90-day waiver from the electronic logging device rule, just days before the first waiver was set to end March 18.
The Ports of Los Angeles and Long Beach both experienced a strong February for containerized cargo throughput, particularly imports, as shippers scurried to get their goods moved from Asia before […]
The logistics arm of Japanese shipping company Mitsui O.S.K. Lines formed a partnership with California-based NEXT Trucking to make it easier for overseas companies to ship cargo to final distribution […]
The European Community Shipowners’ Associations and World Shipping Council said current rules create an unnecessary workload.
Container carriers transported more than 13.8 million TEUs for the month, boosted by strong growth in exports from Asia and imports to North America, according to the latest data from […]
Transport Logistics International (TLI), a Maryland-based company that provides transportation services for nuclear materials, has agreed to pay a $2 million criminal penalty to settle allegations of bribing a Russian […]
A.P. Moller-Maersk Group’s container terminal operating arm will make new investments to help shippers with landside connections.
The Port of Oakland on Monday released a plan for the next five years, dubbed “Growth with care,” that envisions more jobs and economic stimulus, as well as 8 percent […]
Ports covered by the National Retail Federation’s Global Port Tracker handled 1.72 million TEUs of imports for the month, a year-over-year increase of 1.8 percent, but the association warned new […]
President Donald Trump has removed Rex Tillerson as Secretary of State and said he plans to replace him with CIA Director Mike Pompeo.
Beam Bros. Trucking and its two owners have agreed to pay $1,025,000 to resolve allegations that they overcharged the U.S. Postal Service on contracts to transport mail, according to the […]
Three of the four missing crew members of the Maersk Honam were found on board the vessel, which caught fire last Tuesday in the Arabian Sea.
The Port of New Orleans is in the early stages of planning for a second container terminal to capture expected increased cargo demand in the U.S. Gulf Coast region and […]
The union and employers revealed Friday they will resume master contract discussions, saying that issues and concerns regarding automation, which caused the talks to come to a halt in December, […]
Sources say little headway was made last week in talks between the union and New York Shipping Association where employers are attempting to bring costs and productivity more in line with other […]
Orient Overseas International Ltd., the parent company of container carrier OOCL, reported a profit attributable to equity holders of $138 million in 2017, as OOCL experienced “tremendous” growth in both […]
The global port operator entered into a subscription agreement for Navis’ N4 terminal operating system.
Transportation and logistics companies added 15,400 jobs for the month following a revised 11,800-job gain in January, according to recent preliminary data from the U.S. Department of Labor.
The Swiss-based freight forwarder reported net earnings of 57.5 million Swiss francs (U.S. $60.6 million) on CHF 5.53 billion in net forwarding revenues during 2017, year-over-year increases of 9.9 percent […]
The Adam Smith Project recently sat down with Brenda Smith of U.S. Customs and Border Protection’s Office of International Trade to review the agency’s progress on implementing the Trade Facilitation […]
The Commerce Department preliminarily determined that Chinese exporters of forged steel fittings to the United States receive countervailable subsidies, and is scheduled to announced its final countervailing duty determination July […]
The union and employers revealed Friday they will resume master contract discussions, saying that issues and concerns regarding automation, which caused the talks to come to a halt in December, […]
Lars Jensen, chief executive officer of Seaintelligence Consulting, said that although consolidation among the largest carriers is likely coming to an end, smaller, niche carriers are just getting started.
The new Eagle Express X (EEX) service, scheduled to launch in July, will offer 11-day transits from Shanghai to Los Angeles, which BlueWater Reporting shows is faster than any other […]
Building on a successful trial run in the Port of Los Angeles, GE Transportation is launching a second pilot at the Port of Long Beach that seeks to digitize and […]
The largest port on the U.S. East Coast handled 585,864 TEUs during the month, the most of any January in port history, according to the most recent data from the […]
The mid-Atlantic port saw throughput of containerized cargo fall 0.7 percent year-over-year in February 2018 following a 3.5 percent decline in January caused in part by the loss of workdays […]
Total U.S. freight rail volumes grew 3.3 percent for the month following a 0.1 percent uptick in January, according to the latest data from the Association of American Railroads (AAR).
Global air cargo demand soared 8 percent for the month, but recently announced U.S. import tariffs on steel and aluminum could bring volumes back down to earth, according to the […]
The German mail and logistics company posted revenues of 60.4 billion euros for the year, rising 5.4 percent from 2016, despite encountering headwinds from currency effects.
The 15,262-TEU containerships caught fire in the Arabian Sea Tuesday, leaving one crew member dead, two receiving urgent medical treatment, and four still missing.
The logistics company added one office each in China, Manila, Lithuania and Serbia.
U.S. Customs and Border Protection on Tuesday released its E-Commerce Strategy that recommends changes in data acquisition approaches as part of the agency’s counterfeit targeting efforts.
The Commerce Department has found evidence that silicon metal imports from Australia, Brazil and Norway are being dumped on the U.S. market at less than fair value.
The global logistics software provider is anticipating more acquisitions, but despite being very well capitalized and having a healthy balance sheet, it will continue to be “prudent” in its evaluations, […]
The Commerce Department determined that U.S. imports of polytetrafluoroethylene resin, a substance typically used as a non-stick coating for pans and other cookware, from India are receiving export performance-based subsidies […]
Swissport International, an airport cargo handler, has taken over Aerocare, a similar operator in Australia and New Zealand airports.
REZ-1 appoints CEO and the American Trucking Associations’ Technology and Maintenance Council elects 2018-2019 chairman.