U.S. diesel truck fleet emissions drop 30% over 5 years
The U.S. diesel-powered heavy truck fleet of about 3 million vehicles is now 30 percent cleaner in terms of emissions and more fuel efficient than it was five years, according […]
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%.
Check back here for the latest container shipping news, updates and trends. Looking for additional information and insights? Check out our Maritime Industry News archives.
The U.S. diesel-powered heavy truck fleet of about 3 million vehicles is now 30 percent cleaner in terms of emissions and more fuel efficient than it was five years, according […]
The Federal Maritime Commission completed compromise agreements with eight non-vessel-operating common carriers and one unlicensed entity for Shipping Act violations which resulted in the collective recovery of $925,000 in civil […]
A former general manager at Timber Creek Resources in Newton, Wis., pleaded guilty and was sentenced this week for criminal violations of U.S. Plant Protection Act regulations that govern the […]
The Office of the Revenue Commissioners, the Irish government agency responsible for customs, excise and taxation, said the illegally imported cigarettes arrived in containerized shipments from Vietnam and China via […]
Major retail container ports in the United States can expect two of the busiest months ever for imports in July and August, according to the latest monthly Global Port Tracker […]
Rickmers Trust Management Ptd. Ltd. was given the go-ahead to sell its remaining nine vessels to Navios Partners Containers and Navios Partners Containers Finance.
AGT Food and Ingredients Inc., through its wholly-owned subsidiary AGT Terminal East Inc. (AGTTE), has acquired a minority interest in CanEst Transit Inc. at the Port of Montreal.
Alpenglow Rail LLC, which is backed by private equity firm Stonecourt Capital, completed its acquisition of VIP Rail LLC, a short-line railroad located in Sarnia, Ontario’s chemical valley.
The Port of Prince Rupert in Canada is undergoing several simultaneous upgrades to expand capacity amid drastic cargo volume growth.
The Federal Maritime Commission on Tuesday hosted nearly 40 industry representatives to spend the next two days sharing strategic information on how to keep the export-side of the U.S. supply […]
Ronald Batory, who has more than 46 years of field and system experience in the railroad industry, retired as president and chief operating officer of Consolidated Rail Corp. on April […]
The Shanghai Shipping Exchange launched three new Belt and Road shipping indices on Tuesday covering trade and freight movements related to the massive Chinese infrastructure initiative.
4flow names executive vice president, Milestone Equipment Holdings appoints president and chief executive officer, the New York/New Jersey Foreign Freight Forwarders & Brokers Association elects new president, and Tideworks Technology […]
The U.S. Department of Transportation’s Office of Inspector General is conducting an audit to address concerns about oversight of federal funding or financing for positive train control projects and recipients’ […]
With so much acrimony already between the U.S., Mexico and Canada over various commodities traded across their borders, just imagine how hard it will be for the Trump administration to […]
Trucking and logistics company Heartland Express acquired 100 percent of the outstanding stock of Interstate Distributor Co.
The North Atlantic port handled 565,052 TEUs in May, up 7.6 percent from May 2016, and officials expect volumes to grow even further now that ships up to 18,000 TEUs […]
As of June, 178 containerships with an aggregate capacity of 474,000 TEUs were idle, with over half of the ships having a capacity of 2,000 TEUs or less, according to […]
The Northern California port handled 204,255 TEUs for the month, with full container imports reaching 80,253 TEUs and full container exports totaling 75,460 TEUs.
The South Korean ocean carrier signed a memorandum of understanding with Saigon Newport Corp. for the joint development of port and container depot facilities in Vietnam.
The United States increased its amount of beef, pork and lamb exports in terms of volumes and value in May compared to a year prior, according to data from the […]
Janel Group, Inc. names new president, while the U.S. Army Corps of Engineers, Charleston District appoints new commander.
Under the terms of the deal, Chinese conglomerate COSCO Shipping will own 90.1 percent of Orient Overseas International Ltd., parent of Hong Kong-based container carrier OOCL, while Shanghai International Port […]
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to the latest figures from the Shanghai Shipping Exchange’s Shanghai Containerized […]
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to figures from the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
The National Customs Brokers and Forwarders Association has offered the Federal Maritime Commission myriad suggestions on how the agency rules applying to NVOs and forwarders should be amended or eliminated.
Meanwhile, President Donald Trump is currently attending the G20 Summit in Hamburg, where members – comprising 19 countries and the European Union – are discussing international trade, among other global […]
The U.S. Federal Maritime Commission has received 15 ocean transportation intermediary license applications and changes for review.
Challenges associated with the ongoing deployment of larger containerships are resulting in higher terminal costs, and in some cases, poorer terminal service for the same volumes, according to industry analysts […]
Omron Adept’s mobile robots are already hard at work in warehouses around the world, but as sales increase, lithium ion battery transport regulations are becoming more strict up and more […]
State-run Chinese conglomerate COSCO Shipping Holdings is projecting a net income for the first half of 2017 of around 1.85 billion yuan (U.S. $272 million).
United States gross domestic product increased 1.4 percent in the first quarter of 2017, down from from a 2.1 percent growth rate the previous quarter but up from previous projections, […]
The State Council of the People’s Republic of China held a meeting Wednesday in which guidelines were approved to take measures to reduce logistics costs and improve logistics efficiency.
United States railroads originated 1.07 million carloads and 1.11 million containers and trailers in June 2017, year-over-year increases of 4.4 percent and 4.6 percent, respectively.
Virgin Atlantic Cargo names head of global accounts and regional sales manager for the United Kingdom, while the Short Line Safety Institute selects its executive director.
German third-party logistics provider Rhenus Logistics has signed an agreement to buy Australian freight forwarding company and customs broker O’Brien Customs and Forwarding Pty Ltd. for an undisclosed price.
African airlines posted the largest year-on-year increase in demand of all the world regions in May 2017, with freight volumes growing 27.6 percent, according to the latest figures from the […]
The settlement agreement, which resolves all legal issues related to allegations the Kuwait-based 3PL overcharged the Department of Defense while supplying food to U.S. military troops, will allow Agility to […]
Containership leasing giant Seaspan Corp. is continuing negotiations surrounding employment agreement modifications for Chief Executive Officer Gerry Wang and hopes to reach a deal before the end of July, the […]
The international financial institution approved a $345 million credit facility and a $12 million grant for the new Dar es Salaam Maritime Gateway Project in Tanzania.
Other factors contributing to the derailment of a BNSF ethanol train on Sept. 19, 2015 near Lesterville, S.D., included an FRA regulation that allowed high-hazard flammable unit trains to continue […]
Logistics enterprise software provider WiseTech Global reached a deal to acquire Bysoft Solucoes em Sistemas Para Comercio Exterior Ltda (Bysoft), the largest provider of automated customs solutions to the logistics […]
A new law in Kentucky will allow the Atlanta-based parcel giant to us golf carts to deliver packages throughout the state, and UPS is planning to take advantage of the […]
Starting July 2, the Luxembourg-based all-cargo carrier will now offer four scheduled weekly flights to and from the capital city of Quito, Ecuador.
American Airlines Cargo’s new temperature-controlled room at its cargo facility in the London-Heathrow Airport is aimed at handling increasing shipments of pharmaceuticals.
The French ocean carrier will sell a 90 percent equity interest in the Global Gateway South terminal at the Port of Los Angeles to EQT Infrastructure III for $817 million.
Eli Glickman took over as president and chief executive officer of ZIM Integrated Shipping Services Ltd on July 1, replacing Rafi Danieli, who had served in the post since 2009.
Hong Kong-based 3PL Kerry Logistics Network has acquired 50 percent stake in Lanzhou Pacific Logistics Ltd., joining with China Railway Container Transport Co. Ltd. which oversees the management and operations […]
Austrian third-party logistics services provider Gebrüder Weiss has placed three U.S. offices under a single brand in Atlanta, Boston and Los Angeles, effective July 3, and is opening offices in […]
The Hoyer Group has acquired French intermediate bulk container lessor CCR, which has a strong presence in the cosmetics industry.
ZIM names president and chief executive officer, Kane Is Able appoints senior vice president of sales and marketing, and the 21st Singapore Shipping Association introduces SSA Council 2017/2019.
U.K. Customs has approved a new electronic “fallback” system to take over the processing of air cargo shipments should the agency’s umbrella IT system experience a prolonged outage.
The U.S. Transportation Department’s Infrastructure for Rebuilding America (INFRA) discretionary grant program, which advances a pre-existing grant program established in the 2015 FAST Act, will place a heavy focus on […]
A group of 13 companies have joined forces with the International Maritime Organization as part of the Global Industry Alliance to reduce carbon output in maritime transportation.
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all increased since last Friday, according to the latest figures from the Shanghai Shipping Exchange’s Shanghai Containerized […]
The National Academies of Science, Engineering and Medicine released a report that gave recommendations on reforming the Federal Motor Carrier Safety Administration’s Compliance, Safety and Accountability program.
According to a recent report from the Commerce Department’s International Trade Administration, global trade in U.S. media and entertainment goods in the next three years is expected to increase 8.3 […]
German ocean carrier Hapag-Lloyd is expecting its recent merger with Dubai-based United Arab Shipping Co. (UASC) to generate various benefits and synergies for the newly joined company, but they won’t […]
Standard & Poor’s confirmed Hapag-Lloyd’s B+ credit rating in the wake of its merger with United Arab Shipping Co., and removed the German shipping company from its CreditWatch.
The Federal Aviation Administration said Dan Elwell, who has both extensive government and private sector aviation experience, has been sworn in this week as its deputy administrator.
Upwards of 1,200 graduates of the nation’s federal and state merchant marine academies are now taking their place in the U.S.-flag maritime industry or military branches, according to the American […]
The Federal Aviation Administration has proposed a $63,000 civil penalty against Terrazzo USA & Associates of McLoud, Okla. for allegedly violating federal hazardous materials regulations.
The Lake Oswego, Ore.-based railroad transportation equipment manufacturer’s revenues for the quarter, which ended May 31, 2017, tumbled 28.3 percent year-over-year to $439.2 million.
The Long Beach Board of Harbor Commissioners approves director of human resources services; and the Port of Corpus Christi Authority hires director of operations and financial controller.
The world’s largest container line is one of many companies and organizations that have reported being hit by a cyber attack this week.
The Atlanta-based parcel giant will suspend pension payments for about 70,000 non-union employees effective Jan. 1, 2023, and move those workers to a 401(k) plan.
PhilaPort’s Pier 122 received its first vessel in 20 years on Tuesday, which was carrying Hyundai and Kia automobiles.
The New York-based provider of local delivery fulfillment solutions for businesses has raised a total of $14.5 million in finding since 2015.
The Danish port will launch an environmental impact assessment process, which is expected to commence in early Autumn, to look into the possibilities of further expanding the port with up […]
The latest deployment of U.S. Customs and Border Protection’s Automated Commercial Environment (ACE), originally scheduled for July 8, will include liquidation, reconciliation, drawback, duty deferral, collections and the Automated Surety […]
The Taiwanese carrier is asking for time to study the feasibility of opening the remaining rounds of issuance to current shareholders as well, instead of just select investors only, which […]
The U.S. House of Representatives on Monday passed two separate bills in an effort make it easier for qualified military veterans to obtain their commercial driver’s licenses.
According to audio branding specialist PHMG, callers to North American logistics and couriers who are placed on hold may be compelled to hang up faster due the music selection or […]
By using FourKites’ technology, HaulFox’s customers can experience full visibility of location and estimated time of arrival, including predictive weather and traffic impact on delivery times, every 15 minutes, FourKites […]
Class I freight railroads in the United States employed 149,032 workers as of the middle of May 2017, down 0.05 percent month-over-month and 2.4 percent year-over-year.
The ContainerPort Group, Inc. appoints senior vice president-Midwest, Cargo iQ names chairman of its membership board, and Transervice Logistics, Inc. appoints director of sales, Midwest.
Sen. Bill Cassidy, MD, R-La., has filed the License Natural Gas Now Act, while Sen. Ted Cruz, R-Texas, introduced the Natural Gas Export Expansion Act, both of which aim to […]
Since the start of 2017, newbuild contracts for the dry bulk and tanker shipping industries have collectively increased 20 percent from the corresponding 2016 period, according to the Baltic and […]
GE’s aircraft financing and leasing company said the next-generation 737-800 freighters will be equipped with CFM56-7B engines, and will be able to carry 23.9 metric tons of cargo with 12 […]
Delta Air Lines and Korean Air have entered an agreement to form a joint venture to mutually expand their services between the United States and Asia.
Railcar leasing and financial services provider VTG Rail Inc. has agreed to purchase a fleet of 1,135 rail cars from Redwood Rail, expanding its overall fleet to around 5,200 rail […]
Despite a split vote among the four commissioners currently making up the Federal Maritime Commission, a discussion agreement between the Port of New York and New Jersey and OCEMA will […]
Rep. Alan Lowenthal, D-Calf., who co-chairs the PORTS Caucus, has introduced legislation that would create a dedicated revenue source to improve the country’s freight infrastructure.
Spot container rates from Shanghai to the U.S. East Coast and U.S. West Coast both declined since last Friday, according to the latest figures from the Shanghai Shipping Exchange’s Shanghai […]
MCC names CEO, Maersk Line appoints South East Asia managing director, Port of New Orleans’ board of commissioners elects chairman, Deutsche Post DHL Group names labor director and board member […]
The House of Representative’s 21st Century Aviation Innovation, Reform, and Reauthorization Act includes a controversial provision to separate air traffic control duties from the administration, while the Senate’s FAA Reauthorization […]
The Competition Commission of South Africa said a merger between NYK, MOL and “K” Line would encourage anti-competitive behavior in the liner markets and the car carrier sector.
World Trade Organization Director-General Roberto Azevêdo said more needs to be done to ensure women have better access to the economic benefits of trade.
The nationwide trucking company has opened a new facility in Phoenix to handle its increasing freight transportation business in the Southwest.
project 44 hires chief strategy officer; Crowley Maritime Corp. appoints vice president of safety, security, quality and environmental stewardship; and the Little Rock Port Authority’s board of directors elects chairman.
Many ports across the U.S. found ships to be the largest polluter, but great strides have been made over the years in addressing ship pollution, said Susan Monteverde, vice president […]
The port terminal operator is giving 160 members of its staff in Gothenburg, Sweden, a notice of termination due to a decline in volumes resulting from a series of trade […]
A survey conducted by Hart Research Associates found that 53 percent of respondents believe President Donald Trump’s proposal to shift the air traffic control function of the Federal Aviation Administration […]
Following extensive testing for potential pests, the U.S. Department of Agriculture’s Animal and Plant Health Inspection Service has proposed a rule to allow the import of fresh pomegranate from Turkey […]
The Taiwanese ocean carrier will initially offer direct, online booking to Alibaba.com’s customers from China’s main ports to Israel and the South American region.
Stevedoring company Metro Ports will become the bulk terminal operator for the Ports of Indiana’s Burns Harbor operation, effective July 1.
The new ship-to-shore container crane was ordered from Liebherr and will be ready for use in Autumn 2018.
AFN Logistics appoints vice president, customer supply chain; Virgin Atlantic Cargo names managing director; and Sandler, Travis & Rosenberg hires two compliance attorneys.
The average U.S. logistics cost for shipping goods fell 1.5 percent last year after growing at a 4.6 percent compound annual rate from 2010 to 2015, according to the annual […]
Although fines for no-show shipments are the right move for ocean carriers, for freight forwarders and non-vessel-operating common carriers, they could create a much larger challenge, according to Klaus Lysdal, […]