Shipping

Truckload pricing dipped another 3.5 percent for the month compared to September 2015, the seventh consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.

The Swiss-based third-party logistics provider posted net profits of CFH 177 million for the third quarter of 2016 and CHF 533 million for the first nine months of the year.

Although the decline was less severe than the previous 20-month average, intermodal pricing in September 2016 dropped for the 21st straight month compared with the prior year period, according to […]

Kansas City Southern’s net income fell 9.1 percent to $121 million in the third quarter of 2016 on revenues that slipped 4.3 percent compared to the previous year, according to […]

The Lowell, Ark.-based intermodal and trucking provider’s revenues for the third quarter of 2016 rose 7 percent year-over-year to $1.69 billion.

The Memphis, Tenn.-based integrator will invest 200 million euros to expand its airfreight logistics center at Paris Charles de Gaulle Airport and has signed a 30-year lease agreement with a […]

CMA CGM’s Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR) has introduced a new short-sea liner service that connects Rotterdam to the United Kingdom and Norway, called the PENN service.

Japanese liner carrier NYK has entered into a joint venture with Bolloré Transport & Logistics Kenya Ltd. and Toyota Tsusho Corp. to set up Bolloré NYK Auto Logistics Ltd., a […]

Worldwide Flight Services has entered a three-year contract to provide cargo-handling and trucking services for Pakistan International Airlines in the United Kingdom.

Rafi Danieli, chief executive of ZIM, said in an interview with American Shipper that the carrier focuses on specific global trades, where it wants to sail, and where it has […]

The port terminal operator arm of COSCO Shipping has purchased a 40 percent stake in the Vado Ligure port reefer terminal, as well as a container facility expected to open […]

The French ocean carrier has appointed Michel Delville, former CFO of high-tech battery manufacturer Saft Group, to replace outgoing Chief Financial Officer Michel Sirat, according to a statement from the […]

Meanwhile, the Port of Los Angeles signed a partnership with the U.S. Department of Commerce and the Center for Global Supply Chain Management to advance the use of technology at […]

The Belgian port plans to add 156 hectares of space, 28 hectares of which in the southwestern corner of the Southern Canal Dock will will be made available for use […]

Marine Guard 100’s anti-rust efficacy was verified during two-and-a-half years of testing on the deck, ballast tank, piping and other metal surfaces on an oceangoing coal carrier owned by NYK […]

Sandler, Travis & Rosenberg hires leading export control and economic sanctions attorney, while Greenbrier Leasing Corp’s president announces retirement.

The Federal Aviation Administration and the Pipeline and Hazardous Materials Safety Administration put an emergency order in place that bans all Samsung Galaxy Note7 smartphone devices from air transportation in […]

The U.S. Department of Transportation’s economic analysis of electronically controlled pneumatic brakes was based on insufficient data and may have overestimated the benefits of DOT’s proposed mandate, according to the […]

The Korea Herald reported South Korean liner carrier Hyundai Merchant Marine is reviewing U.S. trade assets of the former competitor.

Wilmington, Calif.-based Trapac disclosed its plans to lease an additional 57 acres and two vessel berths at the port during a meeting of Oakland’s Board of Port Commissioners last night.

On the Shanghai to Northwest Europe trade, rates increased 8 percent since two weeks ago, from $699 per TEU to $755 per TEU, while on the Shanghai to Mediterranean trade, […]

Marc Garneau, Canada’s Minister of Transport, this week announced the new Rail Safety Improvement Program, which aims to fund projects that will reduce incidents and derailments along the country’s railroad […]

The U.S. Bureau of Labor Statistics said U.S. import prices experienced a monthly increase of 0.1 percent due to higher fuel prices, while U.S. export prices ticked up 0.3 percent […]

Atlantic Forest Products, a wholesale distributor of building materials, has signed a long-term lease at Tradepoint Atlantic, a 3,100-acre multimodal industrial site in Baltimore.

The FedEx Corp. less-than-truckload subsidiary has purchased 100 tractors powered by compressed natural gas, and tapped Clean Energy Fuel Corp. to design, build and maintain the unit’s first CNG fueling […]

Cargo shipments on the St. Lawrence Seaway totaled 21 million metric tons between March 21 and Sept. 30, a 5.3 percent year-over-year decline, according to the Great Lakes Seaway Partnership.

The refueling station, scheduled for completion in early 2017, will be located at the main entrance of the Royal Seaforth Container Terminal and adjacent to the new Liverpool2 deep-water container […]

   The Sept. 19 AS Daily news report “Hapag-Lloyd invests in more reefer capacity” incorrectly stated that Hapag-Lloyd ordered all 5,750 refrigerated containers from Carrier Transicold.    The company ordered […]

Assets related to the South Korean shipping company’s services to the United States will be put up for sale as soon as tomorrow, multiple press reports said Thursday.

The Class 1 railway’s earnings per share for the quarter surpassed analyst expectations, reaching $0.48 per share, but were still lower than the $0.52 per share for the third quarter […]

The valuation provider VesselsValue said that during the past year, the value of a 2016-built Panamax containership with 4,250 TEUs of capacity tumbled 49.57 percent, while the value of a […]

Truckload volumes are expected grow 1.8 percent per year on average through 2027, with even stronger growth predicted in less-than-truckload, according to the latest U.S. Freight Transportation Forecast report from […]

The Southern California port’s box volumes declined considerably after South Korean ocean carrier Hanjin filed for bankruptcy Aug. 31.

The Port of Damietta Authority signed an agreement earlier this week with China Harbor Engineering Company Ltd. for the construction and development of an additional container terminal at the Egyptian […]

PSA International has purchased Hong Kong-based Luck Glory International Ltd., which owns a 15.33 percent share of China United International Rail Containers, for an undisclosed price, the company said in […]

Under a new agreement, the United Kingdom and China will more than double the number of passenger flights permitted between the two nations and allow for unlimited all-cargo flights, according […]

OmniTRAX Sand Holdings, an affiliate of OmniTRAX, Inc., has entered into a joint venture with bulk storage and transportation services provider Arrows Up.

The Greenbrier Cos. and Astra Rail Management GmbH said they will form a new company to create a Europe-based freight railcar manufacturing, engineering and repair business.

The Port of Philadelphia on Friday is scheduled to receive the first loads of Brazilian beef to the United States in decades.

The Canadian Society of Customs Brokers names board chairman, while R.J. Corman Railroad Group picks CEO.

The real-time truckload tracking and visibility startup said it will use the investment funds to integrate more data sources into its platform, expand internationally, and cover additional transportation modes such […]

American Shipper’s IT Editor Eric Johnson gave a presentation at the Council of Supply Chain Management Professionals Roundtable Tuesday night in Jacksonville, Fla. that focused on how Amazon is impacting […]

The Federal Aviation Administration has proposed a $78,000 civil penalty against Amazon.com for allegedly violating federal hazardous materials regulations.

The Pipeline and Hazardous Materials Safety Administration has awarded $1 million to two non-profit organizations as part of its new Community Safety Grant program to improve the nation’s response to […]

The U.S. International Trade Commission has started to update its report on the effects of significant U.S. import restraints on American businesses’ global supply chains.

Luisa Anderson of Miami Gardens, Fla., 40, was driving a golf cart through the Sun Terminals container yard at Port Everglades when it collided with a yard mule truck, according […]

The United States experienced a 10 percent increase in steel export volumes from July to August thanks to more steel shipments to Canada and Mexico.

Wallenius Wilhelmsen Logistics AS and its corporate affiliate Eukor Car Carriers, Inc. agreed to pay a combined $1.5 million to the Federal Maritime Commission, which accused the carriers of violating […]

The Memphis, Tenn.-based third-party logistics provider has opened a new warehouse and office in Miami, Fla. to serve growing import and export demand in the region, the company said in […]

Starting Nov. 21, the airline will offer a weekly dedicated freighter service connecting Hong Kong with Sydney, Melbourne and the Brisbane West Wellcamp Airport in southern Queensland, the company said […]

Swiss-based third-party logistics provider Kuehne + Nagel will operate the auto maker’s new global spare parts distribution center in Wallersdorf, Germany, which was inaugurated yesterday, the company said in a […]

Spectre Air Capital, an aircraft lease-finance firm, said it has ordered 15 Boeing 737-700 and 737-800 passenger planes to be converted to freighters.

The Woodcliff, N.J.-based carrier welcomed its newest U.S.-flag roll-on/roll off ship to its fleet on Friday during a ceremony at the Port of Baltimore.

Under a new four-year contract with Milan, Italy-based Leroy Merlin, CEVA Logistics will supply in-house warehouse management and distribution services for the company’s home improvement products throughout Italy.

Globe Express Services names Americas president, while Bernhard Schulte Shipmanagement picks managing directors and Cargotec appoints investor relations manager.

A construction project at the west African port officially began and will drastically increase the port’s container capacity.

The nationwide trucker and third-party logistics services provider said it will seek an initial public offering of its common stock in 2017.

The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration said Industrial Transit, a trucking company based out of LaGrange, Ga., is a threat to public safety and has ordered […]

The Panama Canal Authority said APM Terminals, Terminal Investment Limited, Terminal Link and PSA International are all in the running for the concession of the Corozal Container Terminal.

The Northern California seaport saw throughput of loaded export boxes jump 10 percent while laden imports fell 4.2 percent compared with the same 2015 period, according to recent data from […]

Meanwhile, Hanjin has sent a note to customers that says it will allow Hanjin-owned containers to be terminated at either Terminal 46 in Seattle or Pier T in Long Beach.

October is projected to be the second-busiest month this year for import volumes at the nation’s major container ports, according to the latest monthly Global Port Tracker report from the […]

U.S. beef export volumes in August, which were the highest since October 2014, rose 26.9 percent from August 2015 thanks to increased beef exports to Hong Kong, Korea, Japan and […]

The Japanese ocean carrier has doubled the frequency of its automobile transport service between Thailand and Northern Vietnam to twice a month and shifted from calling Cai Lan to the […]

Japanese liner carrier Mitsui O.S.K. Lines is scheduled to join Wan Hai and PIL’s jointly operated CMS service this week between Asia and the Middle East.

The multi-modal container transport and logistics company has expanded in the reefer business with its Samskip Logistics unit acquiring a half interest in Bergen, Norway-based Silver Sea, formerly known as […]

The London Heathrow Airport and the Gatwick Airport both saw cargo volumes rise year-over-year in September as both airports have been pushing to gain the new runway that will be […]

The air services provider launched a new customer service center in Dubai for export cargo customers, which is projected to serve about 700 customers per day and handle 25,000 tons […]

Sunset Transportation names VP of sales and marketing, while RailWorks appoints CEO.

Nationwide trucker and third-party logistics services provider Schneider National said it will seek an initial public offering of its common stock next year.

An increasing amount of shippers are requesting “hidden” financial data from carriers, following weak carrier financials and Hanjin’s bankruptcy filing, according to shipping research and consulting firm Drewry.

The Rhode Island Department of Transportation said it will implement bridge tolls throughout the state for tractor trailer operators, a plan that has been met with protests from trucking associations, […]

Transport Minister Kang Ho-in called the walkout by more than 7,000 unionized truckers “unjustified” and “an act of betrayal,” vowing swift action against participants, according to a report from Korea’s […]

Transportation and logistics companies cut 9,000 positions last month, following two consecutive months of hiring gains, according to recent preliminary data from the U.S. Department of Labor.

It’s not all bad news, however, as the shipping and logistics providers planning railcar orders said they were more certain about placing those orders compared with the second quarter, according […]

The Japanese ocean carrier estimates it will report extraordinary losses totaling 195 billion Japanese yen (U.S. $1.89 billion) in fiscal 2016 due to continued weakness in container and dry bulk […]

The Korean Register’s 63-year-old chairman and chief executive officer, B.S. Park, died Monday following a brief illness.

Kansas City Southern Railway has named Watco Transloading as operator of its new Zacha transload facility in Dallas, which offers 9,523 feet of track space and 80 acres of outside […]

The pilot was involved in an accident in Gravesend Reach while boarding the general cargo ship Sunmi and emergency responders were unable to save his life, the Port of London […]

Members of the International Civil Aviation Organization have agreed to measures aimed at enabling the aviation industry to reach carbon neutral growth from 2020.

The U.S. Justice Department said Thursday that three men were arrested on charges of illegally exporting military technology to Russia.

The newly delivered aircraft is the fifth of 20 Boeing 747-8s ordered by the airline group in July, bringing subsidiary AirBridgeCargo’s fleet to 16 747-class freighters, the company said in […]

Ocean carriers Maersk Line, MSC, CMA CGM, Hapag-Lloyd and OOCL announced new freight rates on various trades.

Ocean carriers Maersk Line, MSC, CMA CGM, Hapag-Lloyd and OOCL adjusted freight rates on various trades.

The Liberian International Ship and Corporate Registry appoints four managers, while Kalmar strengthens its Americas management and Envirotainer names head of Asia-Pacific operations.

Questions remain about the economic impact of lowering the cap on sulfur levels in marine fuels, as well as whether the refining industry can produce enough low-sulfur fuel to satisfy […]

The last three months saw “some of the worst” conditions “in living memory” in the multipurpose and project cargo sectors, with little chance for any significant improvement until the end […]

BlueWater Reporting

Ocean carrier schedule and capacity database BlueWater Reporting has released a report detailing all services on which Hanjin Shipping operated at the time of its insolvency filing.

Indiana Michigan Power has agreed to sell its recently retired Tanner’s Creek coal plant in Lawrenceville, Ind. to a brownfield redevelopment company that is working with the Ports of Indiana […]

Hyundai Merchant Marine joined an Asia-Indian Subcontinent dedicated service, while Yang Ming is scheduled to join a loop dedicated to the same trades.

The Canadian port launched a new Trucking PORTal web-based application to reduce greenhouse gas emissions by optimizing truck routes to and from the port’s container terminals.

The current cycle of larger than normal inventories, coupled with weakness in the manufacturing sector, has contributed to soft trucking volumes in 2016, according to American Trucking Associations Chief Economist […]

The new 60-40 joint venture between Dubai-based third-party logistics provider Aramex and Australia Post will be based in Singapore with a particular focus on connecting the Australian e-commerce market with […]

The board of directors of CSX Corp. declared a quarterly dividend payable Dec. 15, 2016 to shareholders of common stock.

The Bonn, Germany-based parcel carrier and third-party logistics provider has sold 100 percent of its stake in optivo GmbH to cloud-based digital content, commerce and marketing management platform firm Episerver […]

The Chamber of Marine Commerce appoints interim president, while the executive director of the Transportation Institute at the University of Denver (DTI) will retire.

At 11:00 a.m. EST Thursday, the National Hurricane Center said the Category 4 hurricane was 25 miles west/northwest of Nassau Bahamas and about 180 miles southeast of West Palm Beach, […]

Hyundai Merchant Marine said Thursday it will launch a new loop between Korea, China and the West Coast of North America this month.

Combined United States carload and intermodal cargo volumes continued their decline in September 2016, falling another 4.8 percent compared with the same 2015 period, according to data from the Association […]