NACPC launches cooperative chassis pool in Charleston
The 40-foot premium chassis are equipped with radial tires, LED lights and auto inflation systems.
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 40-foot premium chassis are equipped with radial tires, LED lights and auto inflation systems.
Southwest Airlines Co. names director of cargo sales, and United Council for International Business appoints senior vice president of ATA Carnet and trade services.
Recent data from the Baltic and International Maritime Council (BIMCO) and London-based maritime consultant Drewry suggests the underlying imbalance of supply and demand in container shipping may be improving.
A coalition of six state attorneys general called on the Pipeline and Hazardous Materials Safety Administration to adopt a standard requiring that all crude oil transported by rail in the […]
The $342 million in U.S. imports related to electronic cigarettes during 2016 resulted in $9 million in tariff revenue, according to a recent report from the Government Accountability Office, a […]
The Pacific Northwest port is providing $595,000 to help build a $25 million bridge over a Union Pacific rail line in an effort to improve traffic between warehouses in Kent […]
Roadrunner names executive vice president, chief financial officer, USA Truck hires vice president, chief technology officer, Crete Carrier names president of Crete Carrier and Shaffer Trucking, and the Port of […]
Under a proposed reauthorization bill for the Federal Maritime Commission, container carriers would have to chose between belonging to shipping alliances or rate discussion agreements.
The American Association of Port Authorities says members are concerned about declines in federally funded port programs in the proposed fiscal 2018 budget, but encouraged by plans to support $1 […]
The French ocean carrier will implement a $150 booking cancellation fee from North Europe to the Red Sea, Middle East, India, Pakistan and Sri Lanka.
The pilot blockchain registry project aims to promote digitalization in Denmark’s maritime cluster, referred to as “Blue Denmark,” and to shed light on the long-term possibilities of digitalizing the entire […]
With Agility’s agreement to a misdemeanor in connection to a single $551 invoice and no criminal fine, the Kuwait-based third-party logistics services provider is another step closer to resuming its […]
According to Angeliki Frangou, chairman and CEO of the Piraeus-based ocean carrier, thanks to a recovering market, Navios is “positioned to enjoy substantial free cash flow from an increase in […]
The Port of New Orleans has received the U.S. Department of Agriculture’s approval to participate in a cold treatment pilot program that allows for improved transit of time-sensitive imported fruits […]
The Athens-based containership charterer said it saw time charter revenues plunge “mainly due to reduced employment opportunities and time charter rates.”
The Federal Aviation Administration has proposed a $63,000 civil penalty against Gladwin Paint Co. of Arlington, Texas, for allegedly violating the federal hazardous materials regulations.
German ocean carrier Hapag-Lloyd will begin integrating its 118 services with United Arab Shipping Co.’s 45 loops in about eight weeks, and officials expect the integration to take until the […]
German ocean carrier Hapag-Lloyd will begin integrating its 118 services with United Arab Shipping Co.’s 45 loops in about eight weeks, and officials expect the integration to take until the […]
Increasingly high rents charged to chassis providers by the Port Authority of New York and New Jersey could hurt the port’s overall competitiveness, says Dennis Daggett, executive vice president of […]
The maritime information provider and creator of the famed Baltic Dry Index will work closely with shipbrokers and end-users to create new freight rate benchmarks and indices to be launched […]
The Trump administration has nominated Richard Ashooh of New Hampshire as the assistant secretary of export administration in the Commerce Department’s Bureau of Industry and Security.
The mid-Atlantic port handled 2.56 million tons of general cargo during the first quarter of 2017, up 5 percent year-over-year, primarily due to an increase in car and container volumes.
The Hamburg-based transportation and logistics services provider recorded a net income of 30.95 million euros (U.S. $34.75 million) for fiscal year 2016, down just 0.6 percent year-over-year, according to the […]
Class I freight railroads in the United States employed 149,107 workers as of the middle of April 2017, down 0.14 percent month-over-month and 2.64 percent year-over-year.
The future of self-driving commercial cargo trucks and autonomous ocean vessels is fast approaching, but questions remain about how to develop, test and regulate the still-emerging technology.
The Building and Renewing Infrastructure for Development and Growth in Employment (BRIDGE) Act is sponsored by U.S. Sens. Roy Blunt, R-Mo., and Mark Warner, D-Va.
The Senate Commerce Committee cited “labor-related concerns” with the Federal Maritime Commission’s pilot supply chain information portal project, but said supply chain innovation teams will continue work this summer, focusing primarily […]
U.S. Customs and Border Protection has temporarily closed border-crossing operations at the World Trade Bridge at Laredo, Texas, due to severe flooding and power outages from a severe storm that […]
The online retailer will build a drone logistics network in China and a research and development campus in partnership with the Xi’an National Civil Aerospace Industrial Base, where unmanned aircraft […]
The Hong Kong-based airline is eliminating senior, middle management and non-managerial roles at its head office in an effort to cuts costs, the company said in a statement.
The U.S. Department of Transportation has filled its senior management team with a recent round of appointments.
Worldwide Flight Services has announced several corporate appointments, while the Coalition for America’s Gateways and Trade corridors has re-elected four directors to the board.
APL, which CMA CGM acquired in June 2016, contributed positively to the French ocean carrier’s first quarter financial results, according to CMA CGM Group CEO Rodolphe Saadé.
“ShipRush services help e-commerce small and medium businesses and omnichannel retailers execute parcel shipments for last-mile delivery to customers,” Descartes said in a statement.
After disrupting the taxi cab industry, the famed ride-sharing company’s newly launched Uber Freight division is now accepting bookings for cargo moving in 53-foot dry and reefer vans.
The Coast Guard Authorization Act of 2017 and the Maritime Administration Authorization and Enhancement Act for Fiscal Year 2018 were among six bills approved by the Senate Committee on Commerce, […]
Container freight rates from Shanghai to the U.S. West Coast declined 8.5 percent since last Friday to $1,310 per forty-foot container, according to the latest data from Shanghai Shipping Exchange’s […]
The Commerce Department has initiated antidumping and countervailing duty investigations into the import of 100- to 150-seat passenger planes from Canada.
YRC Worldwide Inc. names chief financial officer, and the Baltic Exchange appoints chief commercial officer.
Sponsored by Canada’s Minister of Transport Marc Garneau, the proposed Transportation Modernization Act (Bill C-49) calls for the installation of locomotive voice and video recorders in train cabs, and a […]
Acting Customs and Border Protection Commissioner Kevin McAleenan said the agency will continue to lean heavily on the industry for input on how to improve trade facilitation and sharpen its […]
The U.S. Senate on Wednesday confirmed Jeffrey A. Rosen as deputy secretary for the Department of Transportation.
The Morris Plains, N.J.-based industrial conglomerate’s new Connected Freight solution is designed for high-value and perishable goods.
Meanwhile, the Hamburg-based shipping company on Wednesday published a lengthy question and answer document explaining the firm’s plans to restructure its debt.
The troubled Taiwanese ocean carrier will charter the YM Wind and YM Wreath from Seaspan and GCI Group, respectively, in an effort to grow its overall fleet while reducing average […]
The Japanese postal, banking and insurance conglomerate had a net loss attributable to the company of 28.98 billion yen (U.S. $261 million), less than the 40 billion yen loss it […]
There is only a “negligible” chance of a Jan. 1, 2020 deadline for all ocean vessels to begin using low-sulfur fuel being postponed, according to Edmund Hughes, head of air […]
U.S. Secretary of Transportation Elaine Chao told a Chamber of Commerce forum the nation’s transportation infrastructure is in need of repair, and the Trump administration will share its infrastructure investment […]
The U.S. Department of Justice and members of Congress are putting pressure on the Federal Maritime Commission to more closely examine ocean carrier antitrust immunity as it relates to joint […]
U.S. District Judge William Alsup said Uber likely knew or should have known that Anthony Levandowski took and retained possession of Waymo’s confidential files, but Waymo’s patent infringement accusations proved […]
The Pacific Coast Council of Customs Brokers and Freight Forwarders Association says Kevin McAleenan, President Trump’s nominee for commissioner of Customs and Border Protection, has earned its support over 10 […]
The British International Freight Association named policy and compliance officer, while Hendry Marine Industries launched its new business development team.
Monitoring by the U.S. Federal Maritime Commission, however, shows individual ocean carriers within each vessel sharing alliance continue to “independently and vigorously compete on pricing,” according to Acting FMC Chairman […]
The Coalition for America’s Gateways and Trade Corridors kicked off its annual meeting in Washington, D.C., this week by highlighting 43 freight projects that need federal partnership.
South Korean ocean carrier Hyundai Merchant Marine said increased sales and reduced operating costs helped offset a 59.2 percent increase in bunker fuel cost.
The strikes will take place from May 24 until June 9, during odd hours each Monday, Wednesday and Friday, according to a report from industry news outlet Lloyd’s List.
Taiwanese ocean carrier Evergreen Marine posted a net profit of 168.9 million NTD (U.S. $5.6 million) for the first quarter of 2017 on operating revenues of 33.8 billion NTD after […]
The French aerospace manufacturer has launched its U.S. base and operations of a new commercial drone startup, dubbed Airbus Aerial.
Over $6 million will be spent to rehabilitate the Cleveland Bulk Terminal’s structurally deficient bulkheads, and more than $2 million will be used to expand the existing entrance and security […]
VersaCold Logistics Services appoints chief operating officer, while Pilot Freight Services names vice president of corporate development.
A new discussion agreement filed with Federal Maritime Commission by ocean carrier group OCEMA and the Port Authority of New York and New Jersey would allow the parties to discuss […]
The South Carolina House of Representatives and Senate overrode Gov. Henry McMaster’s veto last Wednesday on a highway funding bill that will increase the state’s current 16.75-cent gas tax by […]
South Korea’s largest shipping company is purchasing 100 percent of shares in Total Terminal International Algeciras, which was previously operated by now-defunct ocean carrier Hanjin Shipping.
Intra-regional trade is leading the strong growth in container cargo traffic, up 17 percent compared with 7 percent growth in deep sea shipments, according to London-based maritime consultant Drewry.
The $14 million project to raise the height of four cranes at the Port of Oakland’s Ocean International Container Terminal will allow the facility to work larger containerships.
The inland intermodal terminal says products such as grains, hay and legumes could be loaded in Central Washington and shipped to Seattle and Tacoma by rail.
Peel Ports appoints head of container operations and deputy chief operating officer, V. Group names interim CEO, AWO elects new chairman and vice chairman, IARW announces new board of director’s […]
The transportation consulting firm will be tasked with evaluating the merits of possible round-the-clock charges or port-wide “peel-off” programs at 13 terminals in the ports of Los Angeles and Long […]
Germany’s largest container shipping company, which attributed its 62.1 million euro net loss for the quarter to higher bunker prices and lower freight rates, says its merger with UASC is […]
The Honolulu-based ocean carrier placed an order for two dual-fuel capable 2,525-TEU vessels with the Keppel AmFELS shipyard in Brownsville, Texas, with delivery expected in the first and third quarter […]
Rates measured by the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index fell from Shanghai to Europe, the Mediterranean and the United States.
The San Francisco-based ride-sharing company could lose its fight in the European Union against being regulated as a traditional taxi service, but appears to be driving ahead in new business […]
U.S. exporters of beef and liquefied natural gas will soon have access to China’s burgeoning market, as a result of the U.S.-China Comprehensive Economic Dialogue.
The Port of Oakland says the trend towards bigger containerships means that even though fewer vessels are calling the port, volumes are increasing, diesel emissions are down, and berths are […]
Navios Maritime Containers plans to raise $75 million through a private placement to help fund its acquisition of 14 ships from Rickmers Maritime.
The global logistics provider posted a net profit of 14.6 million Kuwati dinars (U.S. $47.9 million) on revenues of KD 320.5 million for the first quarter of 2017.
The New York-based dry bulk carrier attributed the strong revenue growth to higher spot market rates achieved by the majority of the vessels in its fleet, which were partially offset […]
Container throughput at Port of Virginia terminals has increased 7 percent so far in the fiscal year that will end on June 30, according to recent figures from the Virginia […]
Trucking carrier Schneider National expects improving market conditions in the second half of 2017 driven by an improved freight market and electronic logging device mandate.
The container and dry bulk markets are seeing improvement thanks to high levels of vessel scrapping and an uptick in demand, but prospects for the tanker segment are less encouraging, […]
The American Petroleum Institute hailed the decision by U.S. Customs and Border Protection to withdraw an Obama-era proposal to withdraw Jones Act exemptions, but the Offshore Marine Service Association says […]
However, the Danish shipping conglomerate’s ocean carrier subsidiary, Maersk Line, recorded a $66 million loss for the quarter.
Two U.S. House representatives have filed a bill to promote programs in two-year community and technical colleges to stimulate jobs in the domestic maritime industry.
The troubled Taiwanese ocean carrier plans to raise more capital next month after reporting higher revenues and container volumes.
Three large ocean carrier associations filed a proposal with the International Maritime Organization to consider as it develops a comprehensive Greenhouse Gas (GHG) Strategy for maritime shipping.
The mail carrier and logistics provider recorded consolidated net profits of 673 million euros (U.S. $731.6 million) on revenues of EUR 14.9 billion for the first quarter of 2017.
Ocean carrier Intermarine’s expansion follows a March announcement by Weco (formerly Nordana) that it was terminating a roll-on/roll-off service to the Mediterranean after 60 years of operation.
The Port Authority of New York and New Jersey will spend up to $70 million on a second environmental study and additional engineering work on a proposed freight rail tunnel […]
The Global Port Tracker, which is produced by Hackett Associates for the National Retail Federation, is projecting year-over-year volumes increases at the nation’s major retail container ports in the coming […]
South Korea’s debt clearing house, Korea Asset Management Corp. (KAMCO), will take over a mix of 20 container and bulk vessels on May 15 and lease them back to the […]
Norwegian fertilizer manufacturer Yara International is planning to build a small, battery-powered containership with capacity for between 100 TEUs and 120 TEUs to move containers from fertilizer its factory to […]
A Miami court found that a forum selection clauses in an ocean bill of lading trumped arguments for a more convenient location for the litigation.
The U.S. House of Representatives approved the $1.1 trillion bipartisan 2017 spending bill Wednesday by a 309-118 vote, and the U.S. Senate approved the bill Thursday by a 79-18 vote.
The Hong Kong-based third party logistics provider has continued its European expansion by signing and agreement to purchase a majority stake in Tuvia Italia S.p.A. from Italian holding company Tuvia […]
Longtime freight transportation and logistics industry executive Tom Nightingale has taken over two 35-year-old Boston-area firms to form a new company, International Package Shipping.
The Greenwich, Conn.-based transportation and logistics solutions provider completed the project without any disruption to service or customers, Tony Brooks, president of the LTL business for XPO Logistics told American […]
S.C. Governor Henry McMaster vetoed a bill strongly supported by both side of the state legislature to increase the state’s current 16.75-cent gas tax by 12 cents over the next […]
Ocean carriers Crowley Maritime and TOTE Maritime Puerto Rico have both invested heavily in services to the financially troubled commonweath and will be watching closely as it endeavors to restructure […]
Ali Maserrat, founder of an Uber-style courier called Peykyab, is disrupting the traditional parcel carrier model in Iran’s capital city of Tehran, and is now looking to spread his operation […]
The Southern California port handled 558,014 TEUs for the month, benefitting from the return of a Hyundai Merchant Marine service and the launch of new South Korean container carrier SM […]