Shipping

The South Korean shipping conglomerate has already reached a deal with Zodiac Marine, according to shipping publications Lloyd’s List and Tradewinds.

Rail theft has emerged as a more prevalent problem in Mexico, primarily in the states of Guanajuato and Querétaro, while fuel theft across the nation has also increased.

The Japanese ocean carrier exceeded its goal of a 10 percent reduction in its carbon dioxide emission rate per unit of transportation from ships by fiscal 2015, according to a […]

The United States experienced a 30 percent year-over-year drop in steel import volumes in April to 2.46 million net tons.

Ocean carriers CMA CGM of France, Germany’s Hapag-Lloyd and MOL of Japan announced upcoming general rate increases, while this past Friday, the Shanghai Containerized Freight Index rose 1.9 percent from […]

Port of Seattle picks head of environment and the Port of Brownsville elects chairman, while K+N names global head of air freight and IATA appoints chairman.

The derailment of a Union Pacific freight train on Friday, which burst into flames and spilled crude oil into the Columbia River near Mosier, Ore., was likely caused by track […]

Announcements by terminal operators in Oakland and Los Angeles/Long Beach are “positive steps toward achieving the flexibility of compliance” with the new SOLAS verified gross mass rule, says Federal Maritime […]

A combination of businesses between United Arab Shipping Co., which is jointly owned by the governments of six wealthy Middle Eastern nations, and Hapag-Lloyd of Germany has “strategic value,” and […]

As a result of a 7-to-1 share reduction for Hyundai Elevator, Hyundai Global and Hyundai Group Chairman Hyun Jeon-Eun, the Korea Development Bank will become the largest shareholder of struggling […]

Amazon.com CEO Jeff Bezos said in an interview at Recode’s 2016 Code Conference traditional parcel couriers like the U.S. Postal Service and UPS simply can’t provide all the last mile […]

Combined United States carload and intermodal cargo volumes fell 6.8 percent in May compared with May 2015 and 7.6 percent for the first five months of 2016, according to data […]

Net orders for North American Class 8 trucks in May grew 4 percent from April, but were still down 30 percent compared with May 2015, according to preliminary data from […]

Under the three-year deal with global aluminum manufacturer RUSAL, annual cargo volumes could reach 10,000 TEUs, according to Danish ocean carrier Maersk Line.

Continued weighing at port facilities might provide a convenient way for exporters to comply with the upcoming International Maritime Organization verified gross mass container weight regulations due to go into […]

The Green Bay, Wis.-based trucking and logistics firm announced the acquisitions of Watkins & Shepard and Lodeso, which both specialize in the delivery of difficult-to-handle goods such as furniture and […]

The parcel giant announced today that after the official post-closing acceptance period, FedEx owns 98.45 percent of all TNT Express stock and will commence a statutory buy-out for the remaining […]

A total of 21 families of crew members from the ill-fated cargo vessel, which sank near Crooked Island, Bahamas Oct. 1 after sailing into the path of Hurricane Joaquin, have […]

Drivers are striking four companies doing business in and around the ports of Los Angeles and Long Beach, claiming they are being misclassified as independent contractors instead of employees.

Hindered by weak world trade and increasing capacity, demand for air cargo remains soft, lagging behind “relatively robust” growth on the passenger side, according to the International Air Transport Association.

The third-party logistics provider closed on its purchase of Apex Maritime, a top three non-vessel operating common carrier in terms of Asia-U.S. import volumes, according to trade data firm Datamyne.

The Gulf Coast port’s Napoleon Avenue Container Terminal transported 99,568 TEUs in March and April combined, which is more than it has transported during any two months in the port’s […]

The Icelandic liner carrier posted net earnings of 1.8 million euros on revenues of 113.3 million euros for the first quarter of 2016, a year-over-year increase of 21.1 percent and […]

The international express parcel carrier more than doubled its cargo-handling operations in Tokyo with the opening of a new 20,000-square-meter facility.

Troubled South Korean ocean carrier Hyundai Merchant Marine is disputing press reports that it might be required to merge with fellow state-run line Hanjin Shipping in order to gain entry […]

Berkshire Hathaway-owned BNSF Railway Co. eliminated 62 management jobs last week and restructured its operations organization from three regions to two, effective today, according to a statement from the company.

The bi-state port complex saw throughput of both loaded imports and exports decline both on a monthly and year-over-year basis, according to recent data from the port authority.

Meanwhile, the state of Georgia dedicated a new road connecting the Port of Savannah to I-95, saying it will speed cargo flow and improve safety.

However, the state experienced a 9 percent year-over-year drop in reported cargo thefts during the quarter to 2,152 incidents.

Hamburg, Germany-based Rickmers-Linie, has taken over the activities of tramp and chartering specialist Nordana Project & Chartering, which has offices in Copenhagen, Bangkok, Singapore and Houston.

Unicon Logistics names VP of logistical services, while Kalmar, a subsidiary of cargo-handling equipment manufacturer Cargotec, appoints new president.

United States GDP grew slightly more than initially expected in the first quarter of 2016, and durable goods orders ticked up in April, according to the most recent data from […]

Meanwhile, the struggling South Korean ocean carrier said in a statement Sunday it expects to reach an agreement with ship owners regarding charter rate renegotiations “soon.”

The French ocean carrier reported it will pay 1.3 Singapore dollars (U.S. $0.94) for the Neptune Orient Lines’ shares it does not already own, control or has agreed to acquire.

The ocean carrier alliance, consisting of Maersk Line and MSC, will adjust its Asia-North Europe network, which includes five services.

The Icelandic government, two Icelandic municipal authorities and the EFLA engineering company signed a memorandum of understanding to promote the creation of a new port in the northeast corner of […]

Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, MOL and UASC issued general rate increases.

SSA Marine’s Oakland International Container Terminal will make appointments mandatory for the majority of containerized import pick-ups in order to shorten lines at terminal gates and speed up cargo delivery […]

Struggling South Korean shipbuilder STX Offshore & Shipbuilding Co. on Friday filed for receivership with the Seoul Central District Court amid mounting debt and continued losses.

The Shanghai Containerized Freight Index rose 9.8 percent since last week to a reading of 577.81, as rates from Shanghai to both Northwest Europe and the Mediterranean jumped 36.6 percent […]

Representatives from Chanel Fragrances and Beauté, Ericsson, Sandvik Machining Solutions, Marine Harvest RMT and Teva Pharmaceutical Industries have joined the association’s Shipper Advisory Committee.

The Commerce Department this week said it will impose antidumping and countervailing duties on imports of corrosion-resistant steel products from China, India, Italy and South Korea, as result of its […]

The retail ready packaging company’s newest logistics and distribution center in Dublin, Ga. will create 110 new jobs in the region, according to a statement from Gov. Nathan Deal.

The inland river port handled 180,328 tons of waterborne cargo in April, a 23 percent year-over-year increase, the port said.

Federal Maritime Commission Chairman Mario Cordero said one of the items that has been on his agenda since becoming chairman in 2013 is to have a better funded and better […]

The Israeli ocean carrier experienced a net loss of $56 million in the first quarter of 2016, compared to profit of $12 million in the first quarter of 2015.

The Danish ocean carrier will commence its AC1 service at the end of June, connecting Asia with the West Coast of Latin America.

The Pharma Aero alliance, unveiled at the TIACA Executive Summit in Hollywood, Fla. yesterday, aims to build a network of international cargo hubs dedicated to growing the $300 billion pharmaceutical […]

American Airlines Cargo is expanding its presence in Africa by hiring its first general sales agent on the continent.

The third-party logistics provider opened a logistics center in Dubai Logistics City, featuring a warehouse space of 7,200 square meters.

Kerry Logistics appoints managing director for the Benelux countries, while the Glasgow Prestwick Airport names permanent CEO.

FedEx Corp. completed its $4.9 billion acquisition of TNT Express and will start integrating the European company into its network immediately.

The French ocean carrier received confirmation today for its estimated $2.4 billion acquisition of Neptune Orient Lines and its APL container shipping subsidiary by the Anti-monopoly Bureau of the Chinese […]

The seasonally adjusted For-Hire Truck Tonnage Index equaled 134.8 for the month, down another 2.1 percent from March and 2 percent compared with April 2015, according to the American Trucking […]

The Russian cargo airline launched its new Houston-Abu Dhabi freight service this week.

The third-party logistics provider has partnered with Jinbei Automotive to build a 42,000-square-meter facility in the Shenyang Tiexi district of northeast China, the DB Schenker’s second largest logistics center in […]

The French ocean carrier received confirmation today for its estimated $2.4 billion acquisition of Neptune Orient Lines and its APL container shipping subsidiary by the Anti-monopoly Bureau of the Chinese […]

South Korean ocean carrier Hanjin asked Seaspan and others for a reduction in existing charter rates for a period of three and a half years in exchange for securities in […]

   Mergers and acquisitions don’t take place in a vacuum. No matter the industry, or specific situation, there are almost always knock-on effects, which often take the form of further […]

   2016 promises to be one of the busiest years in the history of ship recycling, said Anil Sharma, the president and chief executive officer of GMS Inc.    Shipbreakers […]

   The 3rd Circuit of the U.S. Court of Appeals has affirmed the right of ocean carriers, including non-vessel-operating common carriers, to have contracts that extend common law maritime liens. […]

   Remember a handful of years ago when major global airlines formed numerous alliances, supposedly to benefit travelers? The same was said about the purported outcomes of the various airline […]

   Consulting firm Quetica’s Statewide Freight Transportation Network Optimization Strategy for Iowa has led to the development of a new line of business—helping the energy sector avoid shortages.    That […]

However, the International Maritime Organization’s Maritime Safety Committee said there should be no delay in the implementation of the verified gross mass rule.

South Korean shipping conglomerate Hyundai Merchant Marine, which said it is continuing efforts to stabilize its business, predicts that normalization of its business is only a matter of time.

A total of 221 cargo theft incidents were reported in the United States during first quarter 2016, up 8 percent from the same 2015 period, but average loss value per […]

The German ocean carrier decided to postpone its annual general meeting originally scheduled for June 1 for a later date, due to continuing talks with UASC about a combination of […]

The Jacksonville, Fla.-based liner carrier awarded a $21 million construction contract to Del Valle Group, S.P. of Toa Baja, Puerto Rico to upgrade its Isla Grande Terminal in San Juan.

The European port saw container volumes fall 3.4 percent year-over-year for the first quarter of 2016 to 2.2 million TEUs, primarily due to the slow start in container traffic with […]

The Lake Oswego, Ore.-based railroad transportation equipment manufacturer has as entered into an agreement to acquire a 19.5 percent ownership stake in Amsted-Maxion Cruzeiro for $10 million.

The new 400,000-square-foot distribution center in Winchester, Va. will house the automobile manufacturer’s service, parts and customer care division, Mopar.

CSX shuffles senior labor relations and network operations management, while Metro Ports appoints director of northern California and the Pacific Northwest.

Vanguard says LCL shippers need premium service from it, forwarders and liner carriers.

However, the International Maritime Organization’s Maritime Safety Committee said there should be no delay in the implementation of the verified gross mass rule.

Annual costs at container lines have increased a combined $500 million due to new sulfur emissions rules requiring vessels to use more expensive fuel, according to a report released last […]

The French ocean carrier saw revenues for the quarter tumble 15.3 percent year-over-year to $3.4 billion.

The container terminal operator made the statement Thursday that it would continue to put forth effort to bring container service to the port in response to the news that Westwood […]

The U.S. Transportation Department has received 212 applications totaling nearly $9.8 billion for its newest freight transportation infrastructure funding program.

The e-commerce giant is reportedly looking to either license or buy outright technology to help manage its expanding freight transportation network, according to a recent Wall Street Journal article.

The forwarder’s temperature-controlled freight solution, which has already been providing service to the airfreight industry, has extended its offering to the ocean freight industry.

The port will need $181.5 million over the next five to 10 years to bring it into good repair and meet current requirements, according to a draft strategic master plan […]

Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, MOL, “K” Line, OOCL and NYK issued general rate increases.

Georgia Ports Authority elects chairman and Yusen Logistics Mexico picks new president, while Dayton Freight Lines names corporate account manager and Alliance Shippers appoints national accounts manager.

In order to transport goods beyond its borders, Iowa relies on a network of 10,000 miles of highways, 3,825 miles of tracks used by 18 large and small railroads, and […]

The French ocean carrier transported 2.9 percent more containers, but saw the average freight rate tumble 17.6 percent when compared to the first quarter of 2015.

The ill-fated cargo ship did not have an accurate forecast of the path of Hurricane Joaquin due to delays in the BonVoyage reporting system, according to official testimony from the […]

The U.S. International Trade Commission released a report this week that forecasts U.S. exports related to the Trans-Pacific Partnership, if passed by Congress, will increase by $57.2 billion by 2032.

Rates from Shanghai to North Europe and the Mediterranean fell 13 percent and 13.2 percent, respectively, since last week, but several major ocean carriers plan to increase rates on these […]

Struggling South Korean conglomerate Hanjin Shipping may have caught a break this week as bondholders have agreed to extend the maturity of debts by four months, according to a report […]

The new freight index, which has been under development since 2014, was initially modeled after the Shanghai Containerized Freight Index but with an exclusive focus on air cargo.

The growth in demand for seafarers could generate a serious shortage unless training levels are increased significantly, according to a report by the Baltic and International Maritime Council and International […]

The ocean carrier attributed the reduction in its carbon dioxide emissions primarily to improvements in operational efficiency, fleet and voyage optimization, technical improvements, as well as more fuel-efficient and environmentally-friendly […]

Investment firm HCI Group, along with two other investors from among its shareholders, took over 13 containerships from HSH Nordbank.

The third-party logistics provider formed an agreement with CNH Industrial to manage the company’s agricultural and commercial vehicle spare parts supply chain requirements in Shanghai, China.

Inchcape Shipping Services has named its global compliance officer, while Kane Is Able has hired a senior vice president of human resources.

The 19 ocean carrier members of the Ocean Carrier Equipment Management Association are collaborating with six major East and Gulf coast ports to establish a common streamlined “Terminal Weighing Approach.”

The Puyallup, Wash.-based shipping company’s last call at the Port of Portland, Ore. will be Saturday, May 21.

Sen. John Thune, R-S.D. asked Federal Maritime Commission Chairman Mario Cordero for the agency staff to brief the committee staff on this issue by no later than May 31, 2016.​

Third-party logistics provider CJ Korea Express is considering purchasing Netherlands-based CEVA Logistics from private equity firm Apollo Global Management, according to a report from industry news outlet The Loadstar.

Frank Lonegro, chief financial officer of the Class I railway, told investors and analysts at the Bank of America Merrill Lynch Transportation Conference in Boston the company expects volumes to […]