Port of Barcelona sets cargo volume records in 2017
The Mediterranean seaport saw container volumes and total cargo traffic jump 32.3 percent and 26 percent, respectively, from 2016 levels.
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 Mediterranean seaport saw container volumes and total cargo traffic jump 32.3 percent and 26 percent, respectively, from 2016 levels.
UPS chief commercial officer retires; Union Pacific names western regional vice president; and CFI promotes new president, and hires senior vice president of sales and operations.
Robert Mottley’s larger-than-life presence, irresistible charm and sense of humor eased both anxious and reserved shipping executives during interviews, and allowed them to discuss their businesses, as well as careers, […]
The Memphis, Tenn.-based parcel giant’s decision to increase workforce compensation by more than $200 million, effective April 1, was fueled by the recently passed U.S. Tax Cuts and Jobs Act.
Global economic output is estimated to have grown 3.7 percent last year and is projected to accelerate to 3.9 percent in 2018 and 2019, according to the International Monetary Fund’s […]
United States gross domestic product increased at an annual rate of 2.6 percent in the fourth quarter of 2017, according to the “advance” estimate from the Department of Commerce, down […]
The Dubai-based port terminal operator has joined with India’s National Investment and Infrastructure Fund (NIIF) to increase investments in the country’s ports, terminals, transportation and logistics businesses.
The French ocean carrier will place the 20,600-TEU Antoine de Saint Exupery on its Asia-North Europe FAL 1 loop on Feb. 6.
The collaboration will see the big box retailer Walmart and Japanese e-commerce marketplace Rakuten team up to launch an online grocery delivery service in Japan, and offer eBooks and audiobooks […]
The growth in container transport volumes helped Orient Overseas Container Line increase its liner revenues 15.4 percent compared with the previous year, according to the Hong Kong-based ocean carrier’s most […]
The Airforwarders Association (AfA) and The International Air Cargo Association (TIACA) have signed an agreement that will see the two groups cooperate on air cargo matters and mutually promote each others’ services.
CMA CGM hires group senior vice president of IT and transformations, while Port of Stockton elects new chair and vice-chair for 2018, and Intermarine names Mexico country manager.
The board of directors of Jacksonville, Fla.-based Class I railroad CSX will vote Feb. 7 on a resolution that would require its chief executive to receive annual physical examinations, according […]
Railroad industry associations from the United States, Canada and Mexico sent a rare joint letter to their respective trade negotiators as the latest round of discussions over a new North […]
The nearly 30-year old group, which once represented the major liner carriers that move nearly all container cargo between the Far East and the United States, will officially cease operating […]
Jacksonville Port Authority (JaxPort) selects chief operating officer, while Norfolk Southern (NS) names executive vice president and chief legal officer.
The U.S. Justice Department said Yi-Chi Shih and Kiet Ahn Mai were arrested on Jan. 19 and subsequently charged with illegally obtaining technology which they in turn exported to China […]
Montreal-based Class I railroad Canadian National (CN) saw its net income spike 156 percent for the quarter to $2.61 billion Canadian (U.S. $2.11 billion) compared with the same 2016 period, […]
The U.S. Federal Aviation Administration has proposed a $54,000 civil penalty against True Value Co. of Jonesboro, Ga. for allegedly violating federal hazardous materials regulations for air transport.
TECSYS hires chief marketing officer; NAVTOR names chief technology officer; Alliance Shippers appoints president and CEO; Direct ChassisLink hires chief strategy officer; and Dachser appoints chief operations officer.
U.S. District Judge Marcia Morales Howard has denied a motion from the non-profit St. Johns Riverkeeper for a preliminary injunction against JaxPort and the U.S. Army Corps of Engineers, allowing […]
Ports on the U.S. East and Gulf coasts have been nabbing market share from their West Coast counterparts for the last five years, but that trend accelerated last year following […]
AirBridgeCargo Airlines (ABC) carried over 700,000 metric tons of cargo last year, a 13 percent increase from 2016, the all-cargo airline said in a statement.
A group of leading environmental and maritime shipping organizations have called for the prohibition of transporting non-compliant marine fuels once the global 0.5 percent sulfur cap takes effect in 2020.
Intermodal pricing rose 4 percent in December compared with the same 2016 period, and that growth looks poised to continue into 2018, according to the latest Cass Intermodal Price Index.
Domestic truckload pricing jumped 6.2 percent for the month compared to December 2016, the ninth consecutive month of year-over-year gains, according the latest Cass Truckload Linehaul Index.
The Class I railway revealed that for 2018, it is planning to invest between C$1.35 billion and C$1.5 billion in capital programs, and is expecting mid-single-digit revenues growth.
The New Super 1 will sail between Japan, Hong Kong, China, Singapore and Vietnam, utilizing four vessels and a total rotation time of 28 days round.
U.S. Customs and Border Protection is finding itself increasingly in the mix as a regulatory agency for exports as well as imports, according to Megan Montgomery, executive vice president of […]
A Government Accountability Office report released Wednesday revealed that U.S. Customs and Border Protection airport officials have not verified licenses for some radiological imports and its processes do not ensure […]
The International Narcotics Trafficking Emergency Response by Detecting Incoming Contraband with Technology (INTERDICT) Act requires U.S. Customs and Border Protection to increase the number of chemical screening devices available to […]
Mark Lambert, former co-president of a Maryland-based company specializing in nuclear materials transportation, was indicted for his alleged role in bribing officials connected with Russia’s State Atomic Energy Corp.
The U.S. Commerce Department has taken up antidumping and countervailing duty investigations into decorative ribbon imports from China on behalf of a Pennsylvania manufacturer of these products.
In addition to handling a record 2.2 million TEUs in 2017, South Carolina Ports Authority has various projects underway, some of which will be completed in 2018.
The temporary speed restriction in the western Gulf of St. Lawrence was lifted because there have been no sightings of North Atlantic right whales in the area of the slowdown […]
The Miscellaneous Tariff Bill Act (H.R. 4318), which has now moved to the Senate for approval, promises to eliminate $1.1 billion in import tariffs during the next three years and […]
Seabury Maritime PFRA appointed managing director, advisory; Hong Kong Air Cargo Terminals Ltd. selected next chief executive; and Truckstop.com named vice president of small and medium business sales.
The U.S. maritime regulator outlined a plan identifying certain regulations under its purview that are suited for reform or elimination, and has adjusted its penalty amounts in line with inflation.
The U.S. Department of Homeland Security is consulting with the USPS on the feasibility of implementing a bill aiming to combat illicit opioid imports.
COSCO SHIPPING International announces several appointments; Hamburg Süd names global head of corporate communications; JAXPORT hires director, national container accounts; Logistyx Technologies names CEO; and Flexport appoints VP of people […]
The bill would eliminate $1.1 billion in import tariffs during the next three years and increase U.S. manufacturing output by over $3.1 billion.
ZIM appoints chief digital officer; Schneider Packaging names executive vice president; A.N. Deringer selects director of consulting and a new senior trade advisor; and the Container Owners Association names board […]
TraPac appoints new president and CEO; IANA installs 2018 board of directors and officers; the American Maritime Partnership elects leadership positions; and Odfjell names COO, global head of ship management […]
Michael Berzon, who spent his career helping companies enhance the efficiency of their supply chains, died Tuesday from complications associated with Alzheimer’s disease at the age of 77.
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all increased since last week, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
U.S. Customs and Border Protection’s Automated Commercial Environment in-bond reporting will become mandatory for all carriers in August.
National Treasury Employees Union National President Tony Reardon said that prospects of a pay freeze have been a deterrent for potential U.S. Customs and Border Protection field officers he has […]
The Commerce Department has set preliminary countervailing duties on imports of uncoated groundwood paper from Canada, which is commonly used for printing newspapers.
CSX appoints executive vice president of operations; the Port of Seattle welcomes new commissioners and names commission president; Damco Distribution Services appoints president; and Yodel names chief executive officer.
As a result of its recent investigations, the Commerce Department has set antidumping duty rates on carbon and alloy steel wire rod imports from South Africa and the Ukraine.
U.S. companies must use IRS Form 5713 to report operations in or related to countries participating in international boycotts unsanctioned by the U.S., and to report the receipt of boycott […]
Jim Johnston, who served as president of the Owner-Operator Independent Drivers Association since 1974, died Monday after a year-long battle with lung cancer.
The U.S. Federal Aviation Administration’s Deputy Administrator Daniel Elwell will serve as acting administrator, following the end of Administrator Michael Huerta’s term.
French liner carrier CMA CGM has appointed 20-year company veteran Ludovic Renou to president of CMA CGM America, based in Norfolk, Va.
Transportation management services and logistics technology provider Transplace has named Frank McGuigan chief executive officer.
The U.S. trade deficit surpassed analyst expectations in November, rising 3.2 percent month-over-month to $50.5 billion, according to the U.S. Commerce Department.
EVA Airways announces president and the Port of New Orleans CEO is appointed to advisory council of the Federal Reserve Bank of Atlanta.
CSIS appoints Scholl chair; IICL elects 2018 board leadership; Suddath Cos. names marketing vice president; and BASS picks North American sales vice president.
The respective heads of the Senate Finance Committee and House Transportation and Infrastructure Committee have announced that they will not seek reelection at the end of their current terms.
According to U.S. Transportation Secretary Elaine Chao, full implementation of positive train control (PTC) systems across the nation’s vast rail network is a top priority of the Department of Transportation […]
U.S. Customs and Border Protection’s (CBP) Automated Commercial Environment (ACE) will become the system of record for all statements on Jan. 6, except for reconciliation statements, which will be deployed […]
Accelerating global trade growth translated into record import volumes for many major U.S. container ports in 2017, welcome news for ports in the U.S. Southeast, many of which are beginning […]
Producers Port Hawkesbury Paper, Resolute FP, and Irving Paper will see their countervailing duty rates fall following a preliminary administrative review on supercalendered paper from Canada, the U.S. Commerce Department […]
President Trump in July directed the U.S. Trade Representative (USTR) to initiate talks with South Korea to amend the U.S.-Korea (KORUS) Free Trade Agreement, which has been in effect since […]
A group of 15 U.S. senators sent a letter to U.S. Department of Transportation leadership asking the agency to hold the nation’s railroads accountable for expeditiously implementing the proper levels […]
Starting Jan. 1, China will begin phasing in a new phytosanitary regulation for U.S. soybean shipments that seeks to reduce the amount of foreign materials, such as weed seeds, to […]
Taiwan-based ocean carrier Yang Ming Marine Transport Corp. has established a Thai subsidiary, Yang Ming Line (Thailand) Co. Ltd., which will begin offering services Jan. 1.
The Mexican automobile manufacturing industry has been booming in recent years thanks to relatively cheap labor and facility costs, and proximity to U.S. markets, increasing demand for automotive supply chain […]
Shipyard operator Keppel Offshore & Marine Ltd. and its U.S. subsidiary have agreed to pay a penalty of more than $422 million to resolve U.S. charges that it violated the […]
Trade between the United States and Mexico has skyrocketed since the 1993 implementation of the North American Free Trade Agreement (NAFTA), but uncertainty surrounding the agreement’s renegotiation poses serious risks […]
U.S. agricultural exports for fiscal year 2017 reached $140.5 billion, according to the U.S. Department of Agriculture (USDA), which attributed some of this success to expanded foreign market access and […]
Benin’s Council of Ministers has tapped the Antwerp Port Authority’s consulting and investment subsidiary, Port of Antwerp International (PAI), to help modernize the Port of Cotonou.
ECU Worldwide appoints global sales head; Crowley Shipping names vice presidents; Manatee Country Port Authority reelects chairwoman; and Port of Tacoma elects commission president.
In a rather unusual move, the U.S. Commerce Department proceeded with recommending antidumping and countervailing duties for Canadian-built 100- to 150-seat commercial aircraft, despite the fact that they have yet […]
The U.S. Federal Maritime Commission (FMC) published a notice identifying 26 individuals slated to testify as witnesses on one of six different panels covering issues related to detention, demurrage, and […]
The Port of Seattle names executive director; Port of Galveston appoints director of administration; and Bourque Logistics hires regional vice president of sales.
The global freight forwarder has gone to great lengths to prioritize compliance with U.S. and overseas export regulations, as well as help others do the same.
The sudden passing of the former president and CEO of Canadian National and Canadian Pacific and current CEO of CSX E. Hunter Harrison leaves questions about the Class I railroad’s […]
The Canadian government told the U.S. International Trade Commission today that a petition by Boeing, which claims that it’s harmed by a Bombardier Commercial Aircraft deal with Delta Air Lines, […]
The Commerce Department has instructed Customs and Border Protection (CBP) to begin assessing antidumping duties on imports of fine denier polyester staple fiber from China, India, South Korea, and Taiwan.
The Port of Corpus Christi names CEO; Allianz Global Corporate & Specialty appoints North American regional head of specialty lines, and North American regional head of marine; and the U.S. […]
The sudden passing of longtime railway executive and current president and chief executive officer of CSX E. Hunter Harrison leaves questions about the Class I railroad’s transition to Harrison’s precision […]
Since last week, spot rates from Shanghai to the U.S. West Coast jumped 9.7 percent, while spot rates from Shanghai to the U.S. East Coast increased 9 percent, according to […]
The project involved three suction hopper dredgers creating 250 hectares of new land to accommodate many terminals and wharves, according to dredging contractor Van Oord.
Acquisitions will remain an important driver of growth for third-party provider St. George Logistics (STG), according to Konrad Salaber, managing director at Wind Point Partners, the private equity firm that […]
Port Corpus Christi in the Texas Gulf continues to make investments in infrastructure, including another 25-acre laydown yard, in an effort to attract wind turbine component manufacturers to its docks.
The Johns Creek, Ga.-based less-than-truckload (LTL) operator and logistics provider is planning on opening an additional four to five terminals in the Northeast in 2018.
YRC Worldwide CEO intends to retire; Bahri appoints new CEO; the GAC Group names managing director of GAC North America – Logistics; and the Tanker FFA Brokers Association elects chairman.
Canada and the United States have piloted pre-clearance of passengers at designated airports, and newly approved Canadian legislation promises to expand this activity to other transport modes and cargo.
The Berlin, Germany-based digital freight forwarder secured $20 million in a Series A funding round just 18 months after its initial market launch.
The Port of Corpus Christi Commission voted to approve a lease agreement with Gulf Coast Growth Ventures Asset Holding LLC, an ExxonMobil-SABIC joint venture, for a 13-acre multi-purpose cargo dock […]
The Port of Galveston appoints port director; Ryder names rental sales executive for Scotland; Sandler, Travis & Rosenberg adds an advisor in its export controls and sanctions practice; and the […]
Sydney, Australia-based Global logistics software provider WiseTech Global, which has made seven other various acquisitions around the globe throughout the year, has snatched up warehouse management solutions (WMS) provider Microlistics.
The Federal Motor Carrier Safety Administration (FMCSA) notified the Truck Renting and Leasing Association (TRALA) that it plans to grant the association’s request for a 90-day waiver from the electronic […]
U.S. Federal Maritime Commissioner William P. Doyle, Sr., who is stepping down from the regulatory body Jan. 3, was selected by the Dredging Contractors of America’s board of directors to […]
Samsung Heavy Industries appoints chief executive officer; the Association of American Railroads names senior vice president of communications; the Baltic Exchange Advisory Council elects chairman; and iTradeNetwork names senior vice […]
The Federal Aviation Administration proposed a $1.1 million civil penalty against Braille Battery, representing the largest civil penalty the agency has proposed for alleged illegal air transport of lithium batteries.
Maersk Line officially sold off Brazilian cabotage specialist Mercosul Line to CMA CGM on Friday.
Ports covered by the National Retail Federation’s Global Port Tracker handled 1.77 million TEUs of imports in October, up 0.3 percent from September and a year-over-year boost of 5.9 percent.
Hyundai Merchant Marine appoints chief of container business office and chief of HMM America; and the North American Council for Freight Efficiency names new chairman.