Shipping

The Northern California port’s $324 million refinancing will save $44 million in debt service payments over 13 years, thanks to the current favorable interest rate environment, the port said Monday.

The title to the heavy-lift cargo vessels will pass to the ZEABORN Group by the end of September, but they are already available to the shipping company without any restrictions.

During the month, Mexico was the leading market for U.S. pork and lamb exports in terms of volumes and value, while Japan was the top market for U.S. beef exports, […]

During the month, the United States exported $194.4 billion in goods and services, up 1.2 percent from May, as the weakened U.S. dollar makes U.S. goods less expensive, and therefore […]

U.S. Gulf Coast ports are expected to benefit more than East Coast ports in the near term, and to the detriment of West Coast ports, according to a recent report […]

The Justice Department on Friday filed permanent injunctions against three New York companies and their owners to stop importing and selling potentially dangerous toys until certain measures are taken by […]

The master of a multi-purpose cargo vessel was arrested on Friday in New Zealand for exceeding the alcohol limit for a seafarer, according to Maritime New Zealand.

Vacancy in industrial warehousing across the nation recently hit a 17-year low of just 5.3 percent, while rental prices are up by more than one-third from 2012 levels, leaving customers […]

In addition, the country’s largest carrier, Hyundai Merchant Marine, is reportedly looking to allocate more vessels to U.S. routes thanks to rising demand.

The Council of Supply Chain Management Professionals (CSCMP) is aiming to ensure a steady influx of young, up-and-coming supply chain professionals to its membership.

The non-asset-based supply chain management and third-party logistics provider’s airfreight volumes soared 15.6 percent year-over-year during the quarter, fueled by the transpacific and intra-Asia trades.

The U.S. Maritime Administration beat its target date of Sept. 30 to remove 57 obsolete ships from its reserve fleet holding area in Suisan Bay, Calif.

Peter Zuccarelli of Plano, Texas, conspired to illegally export U.S.-made radiation hardened integrated circuits to China and Russia for their respective space programs, according to a statement from the U.S. […]

Deutsche Bahn’s freight rail operation will purchase 60 new locomotives from Siemens at a cost of about $250 million euros, and use the equipment in its European cross-border services.

Intermarine unveils various leadership changes, BDP International and Wen-Parker Logistics each name chief financial officer, and the Latin American and Caribbean Air Transport Association’s executive committee appoints new executive director.

Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said bigger merger and acquisition deals likely will not occur soon, but the company is currently in discussions regarding smaller […]

The global shipping industry seems to be saying all the right things when it comes to reducing its impact on the environment, but when it comes to implementing consistent standards […]

The Danish global transport and logistics provider posted profits of 744 million Danish krone on net revenues of DKK 18.9 billion for the quarter, year-over-year increases of 122.8 percent and […]

Port Authority of New York and New Jersey names new executive director and board of commissioners chairman, Foss Maritime hires chief commercial officer, and ATA names executive director of the […]

U.S. Rep. Martha McSally, R-Ariz., has filed legislation that reauthorizes the Customs Trade Partnership Against Terrorism program for the first time in 11 years and aims to increase security and […]

United States gross domestic product increased 2.6 percent in the second quarter of 2017, more than double the revised 1.2 percent growth rate the previous quarter, according to the “advance” […]

The Hong Kong-based containership lessor’s net earnings fell 22.4 percent for the quarter from the corresponding 2016 period, while revenues fell 8.8 percent thanks to lower average charter rates for […]

After getting the Virginia Port Authority’s financial house in order, VPA Executive Director and CEO John Reinhart is implementing an aggressive capital expenditure program that will expand capacity and add […]

The recent “Petya” cyber attack involving Danish shipping giant A.P. Moller-Maersk should serve as a stark reminder to all companies in the global shipping industry to reexamine existing systems protections […]

A Miami-based arbitration board rejected a demand by Spanish-led Grupo Unidos por el Canal consortium for $192.8 million to cover cost overruns during the construction of a third set of […]

U.S. Customs and Border Protection has appointed Bradley F. Hayes to the position of executive director of trade relations in the Office of the Commissioner.

The Baltic Exchange said it plans to close its freight derivatives platform Baltex on Dec. 29, following a recent announcement by LCH Clearnet that it would end its freight derivative […]

The independent containership owner’s net income for the quarter fell 54.7 percent year-over-year to $20.2 million, resulting from the effects of South Korean ocean carrier Hanjin filing for insolvency in […]

The U.S. Federal Aviation Administration has proposed a $54,000 civil penalty against St. Louis-based Carboline Co. for allegedly violating federal hazardous materials transport regulations.

Net earnings attributable to Kirby Corp. fell 33.8 percent year-over-year during the quarter to $25.8 million, despite consolidated revenues rising 7.2 percent to $473.3 million, according to the tank barge […]

The Seattle-based e-commerce giant is holding its first “Jobs Day” on Wednesday because it says it has over 50,000 roles to fill across its U.S. fulfillment network.

   The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.     The FMC received a non-vessel-operating common carrier/ocean freight forwarder license application […]

   The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.    The FMC received non-vessel-operating common carrier license applications from Oriental Cargo Forwarders, […]

The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.

   The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.     The FMC received non-vessel-operating common carrier license applications from Canfleet Logistics Ltd., Vancouver, […]

   The U.S. Federal Maritime Commission has received nine license applications and changes for review.    The FMC received non-vessel-operating common carrier license applications from Gulf Premier Logistics, Houston (Dee Chase-Unno, […]

The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.

The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.

The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.

FMC reviews 9 OTI license applications

   The U.S. Federal Maritime Commission has received nine license applications and changes for review.     The FMC received non-vessel-operating common carrier/ocean freight forwarder license applications from A&E Logistics, Chicago (Alison Chan, president); […]

The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.

The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.

The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.

The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.

The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.

The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.

   The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.     The FMC received non-vessel-operating common carrier/ocean freight forwarder license applications from […]

American Airlines Cargo appoints managing director, global and key accounts – cargo sales; USA Truck names vice president of safety and risk management; and Transnet National Ports Authority selects chief […]

CSX CEO E. Hunter Harrison promised “precision scheduled railroading” under his watch, but significant service problems by the railroad and the outcry from shippers seeking relief has pressed the U.S. […]

Japanese ocean carriers NYK, MOL and “K” Line all recorded year-over-year revenue growth in their container segments for the quarter ending June 30, 2017, thanks to rising freight rates.

The 1998 Ocean Shipping Reform Act mandated that non-vessel-operating common carriers publish the services that they offer and make sure the information is electronically accessible, and NVOs have been fighting […]

Responding to an unquenchable thirst among worldwide consumers for wine, beer and spirits, express carrier UPS said it has recently expanded its global delivery services for liquor.

Fukuoka, Japan-based Eco Marine Power is preparing for sea trials of solar panels which it has designed in the form of multiple rigid sails to be placed topside on bulk […]

“K” Line names managing executive director; Virgin Atlantic Cargo appoints managing director; Crane Worldwide Logistics selects vice president, global specialized solutions; and Hill Dickinson hires legal director for its growing […]

The International Longshore and Warehouse Union, which represents port workers up and down the U.S. West Coast, has completed voting on a proposed extension to its existing labor deal and […]

The International Longshore and Warehouse Union, which represents dockworkers up and down the U.S. West Coast, has completed voting on a proposed extension to its existing labor deal and early […]

Orient Overseas International Ltd., parent of Hong Kong-based container carrier OOCL, posted revenues of $1.41 billion for the second quarter of 2017, up 23.8 percent from the corresponding 2016 period.

Total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement rose 9.4 percent year-over-year in May to $98.2 billion.

Since last week, rates from Shanghai to the U.S. West Coast have surged 37.6 percent, from $1,226 per FEU to $1,687 per FEU.

A total of $17.2 million in cargo was reported stolen from the United States and Canada during the second quarter of 2017, down from $31.5 million for last year’s second […]

Kansas City Southern names VP of sales and marketing for the energy and short line relations business unit, and VP of intermodal relations, while Delta Airlines appoints vice president of […]

U.S. Customs and Border Protection on Thursday released its newest schedule for delivering the remaining post-release capabilities in its new umbrella information technology system, the Automated Commercial Environment.

The European Union’s competition watchdog said Belgium and France have until the end of 2017 to take the necessary steps to remove the tax exemption.

The Atlanta-based parcel giant recorded a net income of $1.38 billion on revenues of $15.75 billion for the quarter, as its U.S. Domestic Segment thrived from growing demand for e-commerce […]

The east lane of the Panama Canal’s Miraflores Locks will be closed from 10:00 p.m. on Monday, July 31 until 11:59 p.m. on Thursday, Aug. 10, according to a statement […]

The Long Beach Board of Harbor Commissioners elects new board president, vice president, and secretary; MacroPoint hires chief financial officer; and Union Pacific appoints board member.

Representatives from the air cargo industry told House lawmakers Tuesday that the current method and number of data elements supplied to CBP’s Air Cargo Advance Screening program are sufficient.

Fueled by a 15 percent increase in income from railway operations and a record operating ratio, Class I railway Norfolk Southern’s earnings during the quarter shot up 23 percent to […]

Association of American Railroads President and CEO Edward Hamberger called on the Surface Transportation Board to withdraw pending proposals he says are not consistent with the deregulatory goals outlined in […]

Bremen-based shipping company Harren & Partner reached a deal with “K” Line, Tokyo to acquire SAL Heavy Lift on Thursday.

The air cargo industry is urging Capitol Hill lawmakers to keep up pressure on the Transportation Security Administration to expand its freight screening capabilities through the use of third-party explosive […]

The seasonally adjusted For-Hire Truck Tonnage Index stood at a reading of 138.5 in June, down 4.3 percent from the prior month’s reading of 144.7, according to the American Trucking […]

Crowley names vice president of international business and development, ClearMetal appoints vice president of supply chain management, Anacostia Rail Holdings names vice president of its Pacific Harbor Line subsidiary, and […]

Trucking and logistics provider Werner Enterprises’ net income for the second quarter of 2017 shot up 27 percent year-over-year to $23.2 million on the back of improved freight volume metrics, […]

The American Waterways Operators has released a study documenting the contribution of the U.S. tugboat, towboat and barge industry on the nation’s economy.

Launched in November 2015, BCG xChange aims to make it more efficient for ocean carriers to reposition empty cargo containers and has now introduced a new feature allowing users to […]

Kansas City Southern posted record second quarter revenues of $656 million, a 15 percent year-over-year jump, fueled by carload volume growth in four out of the Class I railroad’s six […]

The Senate Appropriations Committee has approved the FY2018 Energy and Water Development Appropriations Bill, which allocates $6.2 billion for the Army Corps of Engineers, up $190 million from FY2017 and […]

The National Shipping Company of Saudi Arabia’s net profit tumbled 51.6 percent year-over-year for the first half of 2017, but looking ahead, it plans to complete the establishment of a […]

The ground handling and air cargo services provider’s new 138,000-square-foot facility is equipped with two cold storages, 35 truck docks, and has adjacent aircraft parking with in-ground fueling and power […]

Genesee & Wyoming Australia appoints CEO, the Port Authority of New York and New Jersey’s board of commissioners selects a new vice chairman for the port authority, and Roadrunner Transportation […]

Although 19 states have passed laws regarding autonomous vehicles, they vary from state to state, posing challenges to the implementation of the technology, according to Larry O’Rourke, manager at global […]

Global Container Terminals, which operates facilities in the ports of New York/New Jersey and Vancouver, Canada, appointed Doron Grosman president and chief executive officer, replacing Stephen Edwards, who served in […]

However, the Eden Prairie, Minn.-based third-party logistics provider’s revenues for the quarter surged 12.4 percent year-over-year, driven by volumes growth across all transportation services.

The international freight forwarding and logistics company recorded a consolidated net profit of 29.9 million Swiss francs (U.S. $31.4 million) for the first six months of 2017, up 37.2 percent […]

The U.S. Federal Maritime Commission this week proposed to remove several container carriers from its so-called “controlled carrier” list, due to the fact they are no longer majority owned or […]

The Mondovi, Wis.-based temperature-sensitive truckload carrier recorded a net income of $9.1 million and operating revenues of $171.5 million for the quarter, up 7.2 percent and 3.3 percent year-over-year, respectively.

The Long Beach Board of Harbor Commissioners approves the appointment of the port’s managing director of finance and administration, GCT appoints new president and CEO, BIFA elects national chairman, and […]

After more than a decade of negotiations, the U.S. Department of Agriculture and its Chinese counterparts on Thursday finalized the language of a new protocol that will for the first […]

Omaha, Neb.-based Class I railway Union Pacific reported earnings per share of $1.45 for the quarter, up from $1.17 per share a year prior and surpassing the Zacks consensus estimate […]

Delta Air Lines Cargo appoints director, cargo sales for the Asia-Pacific region; and the Transportation Trades Department, AFL-CIO’s executive committee elects president and secretary-treasurer.

U.S. Rep. Brian Babin, R-Texas, has filed the ELD Extension Act of 2017 (H.R. 3282), which would delay the implementation of the electronic logging device mandate for commercial trucks from […]

CSX Corp.’s second quarter 2017 net earnings, revenues and volumes all increased from a year prior, as E. Hunter Harrison completed his first full quarter as chief executive officer of […]

Financial services firm HSBC has entered into a new supply chain finance partnership with GT Nexus, a provider of cloud-based business applications.

The Belgian port recorded year-over-year tonnage increases in the container, breakbulk, liquid bulk and dry bulk sectors for the first half of 2017.

Celadon Group, Inc. names chief executive officer and chairman, and the Port of Oakland’s board of commissioners elects board president.

The Swiss-based third-party logistics provider has been busy this quarter, entering into new acquisition agreements as its second quarter net earnings grew 2.1 percent year-over-year to 191 million Swiss Francs […]

The Lowell, Ark.-based intermodal and trucking provider’s earnings per share of $0.88 for the quarter fell short of analyst expectations, but operating revenues rose 7 percent from the second quarter […]

Expansion work at the Port of Liverpool’s Liverpool2 container terminal was initiated on Friday, Peel Ports Group, the owner of the United Kingdom port, announced.