Shipping

The Berkshire Hathaway-owned Class I railroad recorded a $500 million distribution to its parent during second quarter 2016, half what it contributed the previous year, according to regulatory filings.

Under a new service agreement, Sameday Worldwide will handle all of Roadrunner Transportation Systems’ less-than-truckload volumes in eastern Canada, while Roadrunner will handle all Sameday Worldwide shipments within its U.S. […]

The Dubai-based terminal operator said it will explore moving containerized freight with Hyperloop One, which is one of several companies that wants to build a system for moving freight or […]

Although cargo throughput at the German port for the first six months of the year slipped 0.9 percent from the same period in 2015, seaport-hinterland traffic by rail rose 3.9 […]

Singapore-based global cargo transportation and logistics company APL Logistics Ltd. launched a joint venture with Arab Global Logistics LLC in Oman.

The Port of Barcelona, Spain saw international containerized imports in the first six months of the year grow 11 percent to 264,624 TEUs compared with the same 2015 period, while […]

South Korea’s largest container shipping company’s transported volumes ticked up 1 percent year-over-year in the quarter to 1.17 million TEUs, container revenues tumbled 26.6 percent year-over-year to 1.35 trillion won.

Regional and short line rail group Genesee & Wyoming Inc. has agreed to acquire Worcester, Mass.-based railway Providence and Worcester Railroad Co. for $126 million, according to a joint statement […]

The Southern California port attributed its 7.7 percent year-over-year drop in container volumes in July to high inventory levels and a slow start to the peak season.

Non-asset based logistics company KFS, Inc., which has been in business for over twenty-five years, has been acquired by Business Intelligence Group.

The ship broking and shipping services group saw profits in the first six months of the year more than double to 13 million British pounds compared with the same 2015 […]

The aircraft manufacturer is considering the launch of a passenger-to-freighter conversion program for its Avro RJ jetliner and is seeking customer feedback in an effort to assess market potential, the […]

Hamburg Hafen und Logistik AG’s Container Terminal Burchardkai received three new container gantry cranes Sunday, and once they go into operation, the terminal will be able to handle ships with […]

Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, MOL and Emirates issued rate increases, while members of the Caribbean Shipowners Association issued a peak season surcharge.

Meanwhile, the A.P. Møller – Maersk conglomerate, which includes both Maersk Line and APM Terminals, reported second quarter profits of $118 million, 89 percent below the $1.09 billion in the […]

Delegates from the International Longshore and Warehouse Union voted Thursday to have the union enter into discussions with representatives of the Pacific Maritime Association to discuss a contract extension.

Import cargo volumes at the Southern California port grew 5 percent in July 2016 compared with the same 2015 period, but overall cargo volumes slipped 1.6 percent year-over-year due to […]

However, over the past year, the prices for U.S. agricultural exports have slipped 2.6 percent, primarily due to the falling prices of nuts, wheat and corn.

The Brazilian aircraft manufacturer did not provide any additional details in terms of the number of positions or cost reduction targets, but the union representing Embraer’s workers said the company […]

The Association of American Railroads has petitioned the U.S. Court of Appeals for the District of Columbia Circuit to review a recent Surface Transportation Board final rule that defines on-time […]

The Class I railway’s Site Select program identifies development-ready properties along the CSX network where zoning requirements and due diligence have already been taken care of in order to help […]

The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index fell 6.8 percent since last week’s reading of 680.53 to a reading of 634.54.

The Japanese ocean carrier has restructured its existing U.S. East Coast to West Coast South America loop, bypassing the Panama Canal in favor of a routing through the Strait of […]

Year-to-date volumes on the St. Lawrence Seaway have been hindered by the lack of iron ore and coal, but international traffic continues to be well above the five-year average, Saint […]

Meanwhile, the A.P. Møller – Maersk conglomerate, which includes both Maersk Line and APM Terminals, reported second quarter profits of $118 million, 89 percent below the $1.09 billion in the […]

Delegates from the International Longshore and Warehouse Union voted Thursday to have the union enter into discussions with representatives of the Pacific Maritime Association to discuss a contract extension.

The U.S. Department of Transportation said Wednesday it has released final rules amending the federal hazardous materials regulations related to the transport of crude oil and ethanol by rail.

Twenty-four of the train’s 125 freight rail cars, some of which were carrying hazardous materials, derailed at around 10:40 a.m. local time yesterday en route from Cincinnati to Atlanta, the […]

The U.S. Commerce Department’s Bureau of Industry and Security, along with the U.S. Customs and Border Protection, have released a new function in the Automated Export System that helps shippers […]

Major container ports in the United States handled 1.63 million TEUs in June 2016, down 2.8 percent from May and 0.5 percent from June 2015, according to the monthly Global […]

China COSCO Shipping on Wednesday officially purchased a 51 percent stake in Greece’s largest port from the Hellenic Republic Asset Development Fund and will buy another 16 percent share within […]

Looking ahead, the American Institute for International Steel said that exports do not seem likely to substantially increase anytime soon.

In addition, the logistics provider and container terminal operator’s container throughput was hindered by slower economic growth in China and lower feeder volumes for the Baltic Sea ports.

The Itasca, Ill.-based third-party logistics provider has added a 50,000-square-foot warehouse on the border of Shenzhen in southeastern China, 30 minutes away from the Port of Hong Kong and 45 […]

Chinese authorities have said that containers from certain countries shall be subject to effective anti-mosquito treatment in order to prevent the virus from spreading, which has left many shippers concerned.

Chinese authorities have said that containers from certain countries shall be subject to effective anti-mosquito treatment in order to prevent the virus from spreading, which has left many shippers concerned.

The U.S. Postal Service reported a $1.57 billion loss in its fiscal third quarter on revenues that ticked up 0.7 percent to $16.6 billion compared with the same 2015 period […]

Starting Aug. 3, foreign-based non-vessel operators currently registered with the U.S. Federal Maritime Commission will receive an email alerting them of their upcoming renewal dates and how to renew their […]

The voyage data recorder from the El Faro, the cargo ship that sank during Hurricane Joaquin on Oct. 1, 2015, has officially been retrieved.

The national postal carrier of Australia has purchased a 4.5 percent stake in global transportation and logistics provider Aramex for a reported $100 million Australian (U.S. $76 million) in an […]

A project at the South Atlantic port’s Blount Island Marine Terminal on Berth 35 to install a high-voltage electrical system in anticipation of the arrival of three new 100-gauge electric […]

The service, which is designed for urgent, time-sensitive and high value international heavyweight shipments over 150 pounds, is now offered to 66 origin and 64 destination countries and territories.

The air cargo handler began its contracts with Air India and Icelandair Aug. 1 and will start its services for Rossiya/Aeroflot Oct. 1.

Troy Container Line names less-than-containerload documentation manager, while the Transportation Marketing & Sales Association picks Education Committee chairman.

The German ocean carrier said the 20 percent year-over-year drop in revenues to $2.1 billion for the quarter reflected subdued economic growth in many parts of the world, tough competition […]

The voyage data recorder from the El Faro, the cargo ship that sank during Hurricane Joaquin on Oct. 1, 2015, has officially been retrieved.

The air cargo services provider reported a loss per diluted share of $0.26 in second quarter 2016 compared with a $1.13 per share gain in the same 2015 period due […]

Trade organizations representing shippers and transportation organizations on Monday sent a letter to ILWU President Robert McEllrath and PMA Chairman and CEO James McKenna, requesting discussions begin on either a […]

Overall intermodal traffic in North America fell 6.1 percent in second quarter 2016, the first volume decline in 25 consecutive quarters, according to data from the Intermodal Association of North […]

The expanded turning basin project, which allows the port to handle post-Panamax vessels with a length of 1,150 feet and a breadth of 158 feet, involved the removal of an […]

The Montreal, Canada-based plane and train manufacturer saw revenues slip 6.7 percent year-over-year to $4.31 billion due to tepid demand for business jets and startup costs related to production of […]

The 800,000-square-foot FedEx Ground distribution center in Allen Township, Pa. is expected to create 680 jobs when it opens in late 2018, according to a statement from Pennsylvania Gov. Tom […]

Berkshire Hathaway-owned BNSF Railway Co. reported a net income of $772 million in the second quarter of 2016 and $1.56 billion in the first half of the year, decreases of […]

The German cargo airline acquired same-day delivery company time:matters Group, which it had originally spun off as a subsidiary in 2002.

In addition to launching a project to partially automate its container terminal, which will drastically increase the terminal’s handling capacity, the Ports of Auckland formed an alliance with Napier Port.

The third-party logistics provider is opening new facilities in Germany, Austria and France.

Turkish port operator Yilport Holding secured a 50-year concession to develop Puerto Bolívar Port and committed to invest $750 million in the Ecuadorian port.

Transportation and logistics companies added 11,700 positions last month, following a revised decrease of 6,700 jobs in June and a 4,500-job gain in May, according to recent preliminary data from […]

The nation’s largest brick and mortar retailer said the deal positions it for expanded e-commerce growth.

Korea’s Financial Supervisory Service said Sunday it is pushing 32 companies to restructure debts through voluntary workouts or court receivership programs.

Investment fund Pershing Square Capital Management, run by billionaire activist investor Bill Ackman, will sell its 9.8 million shares in Canadian Pacific Railway Ltd., the two companies said in separate […]

The Californian port said empty container volumes rose in July as shipping lines repositioned boxes to prepare for an anticipated uptick in peak-season cargo.

Combined United States carload and intermodal cargo volumes fell 7.9 percent for the month compared with July 2015 and 7.4 percent for the first seven months of 2016, according to […]

Under the agreement, the Chinese Export-Import Bank will provide financial support, consultation, overseas investments and equity acquisition to the newly merged shipping conglomerate to help the company optimize its fleets, […]

A one-time newspaper reporter, Helen Delich Bentley, was a strong advocate for the maritime industry, particularly the Port of Baltimore.

Under the new partnership, the state’s first inland terminal will handle up to 30,000 TEUs annually for Kia Motor Manufacturing Georgia to supply the automobile manufacturer’s plant in West Point, […]

However, Agility’s Q2 revenues slipped 6 percent year-over-year to 309 million Kuwaiti Dinars, as its Global Integrated Logistics business posted a 10 percent year-over-year drop in revenues from lower shipping […]

Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd announced rate increases on several trades.

C.C. Tung, chairman of OOIL, said the industry faced difficult market conditions in the first half of 2016, and the second half of the year will be difficult if deployed […]

The Netherlands-based third-party logistics provider posted a second quarter loss before interest and taxes (EBIT) of $34 million compared with a $51 million loss the prior year, according to the […]

APM Terminals has agreed to a $43.2 million “reparation” payment to avoid losing its concession at Puerto Quetzal in Guatemala despite the fact that alleged offences occurred before the company […]

The alliance, which was formed one year ago between the ports of Seattle and Tacoma, is 90 percent complete with the design for Terminal 5 in Seattle, another terminal that […]

The Danish global transport and logistics provider reported gross profits of 7.8 billion Danish krone on revenues of 32.9 billion Danish krone for the first half of 2016, year-over-year increases […]

The German airline group’s logistics division reported a loss before interest and tax (EBIT) of 27 million euros in second quarter 2016 compared with a 68 million euro loss the […]

The Le Havre, France-based food logistics specialist will build and operate a 30,000-square-foot temperature controlled warehouse facility in the South Florida Logistics Center next to Miami International Airport and just […]

The largest containership to have ever called the Port of Philadelphia was the 8,800-TEU MSC Sophia Celeste on Wednesday.

Iron ore shipments along the Great Lakes and St. Lawrence Seaway in July most commonly originated from Two Harbors, Minn., followed by Superior, Wis.; Presque Isle, Mich.; and Port Cartier, […]

The London-based information technology provider partnered with Penta Solutions to expand its system to small and midsized freight forwarders in Pakistan.

However, chassis lessors oppose the West Coast Marine Terminal Operator Agreement members’ plan to implement a $5 fee on chassis that move in and out of container terminals at the […]

BNSF and Union Pacific have filed a lawsuit challenging a California law that would create a Regional Railroad Accident Preparedness and Immediate Response Force funded by fees collected by the […]

Cargo shipments bounced back in June 2016, increasing 2.7 percent year-over-year, following several months of declines, according to industry analyst World ACD.

Meanwhile, the Korea Herald said HMM is looking for a new CEO with possible candidates including former HMM CEO Noh Jeong-ik and former APL CEO Ron Widdows, while Widdows informed […]

Ten empty containers fell overboard the 14,000-TEU MSC Alexandra after its collision with a tanker in the Singapore Straight Wednesday at around 23:55 local time.

The London-based shipping consultant said the focus of the industry is shifting away from greenfield projects to mergers and acquisitions.

The third-party logistics provider’s two reporting segments – transportation and logistics – both experienced year-over-year increases in operating income and gross revenues resulting from various acquisitions throughout 2015.

However, the $113.9 million deal is still subject to approval by the Baltic Exchange shareholders.

The industrial minerals producer will acquire Sandbox, which provides innovative logistics solutions and technology for the transportation of proppant, the sand used for hydraulic fracturing in the oil and gas […]

The cement company’s terminal in Providence, R.I. will serve the entire New England construction market, including the metropolitan areas of Providence and Boston, as well as the rest of Rhode […]

A managed affiliate of the private railroad and transportation management company this week began operating the former Heart of Texas Railroad, which it purchased in May for an undisclosed sum.

The Fort Worth, Texas-based railway and the Port of Los Angeles are appealing a judgment that halted plans by the railroad to build the Southern California Intermodal Gateway.

The port said the improvements are needed in order for it to handle the current and future generations of ultra-large containerships.

Looking ahead, the Honolulu-based liner carrier said it expects the $197.6 million acquisition of Span Alaska to close early this month.

The Seattle, Wash.-based global logistics provider’s diluted net earnings per share totaled $0.63 per share for the second quarter of 2016, a year-over-year increase of 3 percent, according to the […]

The North American Chassis Pool Cooperative has partnered with Consolidated Chassis Management to operate a pool of 40-foot premium chassis available for short and long-term use, the organization said Monday.

Darien, Conn.-based short line railroad operator Genesee & Wyoming Inc. reported net income of $48.4 million on $501.4 million in revenues for second quarter 2016, year-over-year decreases of 8.3 percent […]

The Singapore Exchange Ltd. is expected to make a formal offer shortly to purchase London’s Baltic Exchange, and sources put the value of the potential deal around $100 million.

The Los Angeles-based customs broker, which is a division of APL Logistics, opened a new office in Charlotte, N.C.

The industrial real estate development and management firm established a distribution center in Goodyear, Ariz. for Michael Lewis Company.

The third-party logistics provider opened a 33,000-square-foot temperature-controlled distribution center in Phnom Penh, Cambodia.

Union Pacific promotes VPs and Aljex Software names VP of sales and marketing, while CentrePort Canada appoints CFO and the Allen Lund Co. picks Atlanta office manager.