Shipping

The Northwest Seaport Alliance handled higher volumes of loaded container imports and loaded container exports in April compared to April 2015.

Deutsche Post appointed Tim Scharwath, who until recently served as head of global airfreight at Swiss-based third-party logistics provider Kuehne + Nagel, as chief executive for DHL Global Forwarding, Freight.

The forwarder established the new temperature-controlled logistics center for life science and healthcare products.

Ship owners on Wednesday broke off rate negotiations with struggling South Korean shipping conglomerate Hyundai Merchant Marine without reaching an agreement, according to multiple reports from Korean media outlets.

Ship owners on Wednesday broke off rate negotiations with struggling South Korean shipping conglomerate Hyundai Merchant Marine without reaching an agreement, according to multiple reports from Korean media outlets.

Parcel giant FedEx declared its $4.8 billion offer for the Netherlands-based global package delivery firm “unconditional,” meaning all predetermined terms have been either met or waived, according to a joint […]

Approximately 37.5 percent of imports to the United States were contracted by non-vessel operating common carriers in the first quarter of 2016, according to research firm Datamyne.

The new shipping line will commence a new service between China and Australia, which will deploy five ships with a nominal capacity of 5,000 TEUs.

Throughput at the Cai Mep International Terminal in Vietnam, an APM Terminals facility, surged 130 percent year-over-year to 277,303 TEUs during the first quarter of 2016 thanks to the addition […]

Greg Fox, executive vice president of operations at BNSF Railway, will be succeeded by current Senior Vice President of Transportation Dave Freeman, effective June 1, 2016, but will stay with […]

The port said it wants to have 3,000 drivers using the new application, which allows them to view waiting and transaction times at container terminals, by June.

The German ocean carrier will add calls to its Mediterranean Gulf Express service, which operates between the Mediterranean, the Caribbean and the East Coast of North America.

The U.S. Commerce Department said Chinese producers and exporters of cold-rolled steel to the U.S. will receive a dumping margin of 265.79 percent, while Japan’s cold-rolled steel producers and exporters […]

The Thailand-based container shipping line experienced a net loss of 243 million Thai Baht (U.S. $6.8 million) in the first quarter of 2016, compared to a net profit of THB […]

The inland river port’s reconstructed 720-foot dock is equipped with a 200-ton bridge crane and over 6,000 track feet of new rail.

The cargo airline said it will become the only carrier to fly direct from its London Heathrow hub to the Santiago International Airport.

Schenker Inc. gains new U.S. CEO and XPO Logistics appoints chief transformation officer, while CEVA Logistics picks aerospace VP and GAC North America names regional commercial director for oil and […]

A sense of what the container shipping industry may look like a year from now has started to emerge as ocean carriers seek to avoid a financial wreck from overcapacity […]

An American Shipper report released Tuesday found that nearly three-quarters of shippers and forwarders believe they will have containers held when the new verified gross mass mandate kicks in July […]

Shipment volumes and expenditures in April 2016 grew 0.6 percent and 0.2 percent, respectively, compared with March, but both remained well below 2015 levels, according to the latest Cass Freight […]

However, the growth will still be enough to add about 680,000 TEUs of capacity, resulting in the world’s container fleet surpassing the 20 million-TEU mark.

The company’s Hy-Weigh hydraulic jack system, designed to help shippers comply with new verified gross mass requirements, attaches to the four corners of a cargo container in order to weigh […]

The Danish third-party logistics provider is emptying its bank accounts of British pounds to minimize currency risks associated with the United Kingdom’s potential exit from the European Union, according to […]

Negotiations between the HNA Group and CWT’s controlling shareholder, C & P Holdings, follows an agreement in February to acquire California’s Ingram Micro and an April announcement it would buy […]

The French sea port handled 304,664 TEUs from January to March 2016 as container throughput grew 3 percent at terminals in Fos, but dropped 27 percent at Marseille facilities.

The asset-light transportation and logistics provider began offering expedited less-than-truckload freight service from Chicago to the metropolitan areas of Los Angeles, Atlanta and Dallas.

The less-than-container-load service will receive freight in Shanghai, Dalian, Guangzhou, Hong Kong, Ningbo, Qingdao, Shenzhen, Tianjin and Xiamen.

The Chatham, N.J.-based non-vessel-operating common carrier’s new office in Sofia, Bulgaria will provide less-than-container-load and full-container-load import and export services.

INTTRA appoints new CFO, while the Coalition for America’s Gateways and Trade Corridors elects officers and the Canadian government names board member to the Halifax Port Authority.

The Railroad Emergency Services Preparedness, Operational Needs, and Safety Evaluation Act provides training and resources for emergency responders to handle potentially hazardous incidents, such as crude oil train derailments.

COSCO Pacific, the port terminal operator arm of Chinese conglomerate COSCO Group, will pay 125.4 million euros ($143 million) for a 35 percent equity interest in the Europe Container Terminals […]

Christian Blauert has been appointed the new chief executive officer of Yilport Holding, effective June 1, 2016.

Class I railroad Union Pacific and third-party logistics services provider Katoen Natie will set up a new transload service in Dallas for plastic pellet producers to export overseas.

The temperature-controlled air cargo container manufacturer opened a new service station in Delhi, India today.

The South Korean ocean carrier’s results for the quarter were hindered by continuously falling freight rates and the imbalance of supply and demand.

The German ocean carrier posted a net loss of 42.8 million euros (U.S. $48.4 million) on revenues of 1.93 billion euros.

Port of Portland, Ore. Executive Director Bill Wyatt told the Portland Business Journal low crude oil prices have caused trucking rates to drop well below expected levels, making direct container […]

However, the port’s outbound container volumes fell 1.1 percent year-over-year in April to 144,103 TEUs.

Patrick Ottensmeyer has been named chief executive officer of the Kansas City, Mo.-based Class I railroad, effective July 1.

Truckload pricing dipped another 2.3 percent in April 2016 compared to the same 2015 period following a 0.6 percent decline in March, the first negative pricing change since May 2010, […]

The 10 STS cranes will be the tallest in service at any port in the United States, capable of handling ultra-large containerships with capacities of up to 20,000 TEUs, according […]

The port posted a 2.4 percent year-over-year increase in container volumes in April, partially supported by growth at the Virginia Inland Port and Richmond Marine Terminal.

Rates fell another 3.4 percent for the month compared to April of last year, the 16th consecutive month prices have decreased, and analysts with Avondale Partners expect this trend to […]

The national mail carrier of Singapore and budding third-party logistics provider’s full-year net profit soared 57.9 percent to $248.9 million Singapore (U.S. $ 181.45 million) thanks to one-time divestment gains.

Although the U.S.-flag Great Lakes freighters carried more iron ore and grain during the month, in comparison to April 2015, the freighters shipped less coal, limestone, cement and salt.

The U.S. Federal Maritime Commission said it has collected $840,000 in civil penalties from compromise agreements with five freight forwarders and non-vessel-operating common carriers.

The proposed ocean carrier alliance will include Hapag-Lloyd of Germany; Japan’s MOL, NYK and “K” Line; Taiwan-based Yang Ming; and South Korean line Hanjin, and could potentially add Dubai-based UASC […]

The proposed ocean carrier alliance will include Hapag-Lloyd of Germany; Japan’s MOL, NYK and “K” Line; Taiwan-based Yang Ming; and South Korean line Hanjin, and could potentially add Dubai-based UASC […]

Direct ChassisLink, Inc., which was established in 2012 by its current owner Littlejohn & Co., has grown its equipment fleet to 120,000 marine chassis and 92,000 rail intermodal containers.

Consolidation in the ocean shipping industry is causing drastic changes to the current carrier vessel sharing agreements, but how will it all play out? American Shipper CEO Hayes Howard discusses […]

A sale could help struggling South Korean shipping conglomerate Hyunda Merchant Marine raise cash as it attempts to restructure its massive debts.

The Danish global transport and logistics provider reported an operating profit of 643 million Danish krone (U.S. $98.59 million) for the quarter compared with first quarter 2015 as it continues […]

Jonathan Kessler, co-founder of the truckload capacity marketplace, often referred to as the “Uber of trucking,” will remain with Cargomatic as chief product officer despite stepping down as CEO.

Lawmakers from key chicken production states, such as Delaware, Georgia and Arkansas, praised the Obama administration’s action to challenge China in the World Trade Organization.

An unnamed OmniTRAX affiliate is purchasing of the Heart of Texas Railroad, which operates 68 miles of track, running west from Lometa, Texas, where it interchanges with BNSF to Brady, […]

The intermodal third-party logistics service provider, itself a subsidiary of Berkshire Hathaway-owned Burlington Northern Santa Fe, LLC, launched BNSF Railway Servicios de Logistica based in Monterrey, Mexico.

The United States saw total steel exports fall 13.5 percent year-over-year in March, and some analysts are forecasting zero or even negative growth in steel exports to Canada during the […]

The third-party logistics provider said it will triple the office space for its fast-growing freight brokerage operations in downtown Reno, Nev.

Commerce Deputy Undersecretary for International Trade Ken Hyatt will lead eight U.S. renewable energy companies on a trade mission to Mexico City May 16-19.

The airfreight carrier will split two Middle Eastern routes, allowing customers to benefit from 83 percent additional capacity for the region.

The Port of Cleveland has commissioned two new mobile harbor cranes for use in its now two-year-old Cleveland-Europe Express service, attracting new shippers like Lubrizol Corp.

SEKO Logistics appoints VP of network development, while Kuehne + Nagel’s global air freight head steps down and Inchcape Shipping Services names VP of North American operations.

The Port of San Francisco Commission this week approved Pasha’s plans to take over Pier 80, which the ocean carrier will primarily use to handle automobile imports and exports, along […]

“Orphan carriers” excluded from the 2M Alliance and the proposed OCEAN Alliance are scheduled to brief the Federal Maritime Commission Wednesday.

The Florida Gulf Coast port recently purchased a 41-acre tract of waterfront land where the authority plans to develop a new terminal for forest products.

Ports covered by the Global Port Tracker report handled 1.32 million TEUs in March 2016, down 14.2 percent from February and 23.7 percent from an all-time high in March 2015, […]

The Omaha, Neb.-based truckload carrier and logistics services provider has named former President and Chief Operating Officer Derek J. Leathers as its new chief executive officer, effective immediately.

The St. Catharines, Ontario-based shipping company saw Q1 revenues decline 7.8 percent year-over-year due to weak revenues in the Domestic Dry-Bulk segment and Product Tanker segment.

Although Great Lakes limestone loadings from U.S. quarries in April dipped 3.2 percent year-over-year, shipments from Canadian quarries surged 85 percent year-over-year.

Neither Ports America nor owner Oaktree Capital will discuss a possible sale of the nation’s largest port terminal operator, but Yildirim Holdings President Robert Yildirim said talks have advanced to […]

Neither Ports America nor owner Oaktree Capital will discuss a possible sale of the nation’s largest port terminal operator, but Yildirim Holdings President Robert Yildirim said talks have advanced to […]

The Malaysian shipping conglomerate has entered into an agreement to sell its entire stake in the wholly-owned subsidiary MISC Integrated Logistics Sdn Bhd to Swift Haulage Sdn Bhd.

The price of an average container fell 15 percent during the first quarter of 2016, according to a recent report from London-based shipping consultant Drewry Maritime.

GE’s Marine Solutions signed a contract to provide its new power take off/power take in technology to ocean carrier Maersk Line for 11, second generation 19,630-TEU Triple-E containerships.

The French ocean carrier commenced the weekly Baltic Levant Express, operating between North Europe and the Mediterranean with six vessels.

Asian container volumes at JAXPORT surged 16 percent year-over-year to 157,689 TEUs for the first six months of fiscal year 2016, which commenced Oct. 1, 2015.

The Brownsville Navigation District signed an agreement with West Plains LLC to modernize and reactivate the grain elevator.

Saddle Creek appointed chairman and CenterPoint Properties named VP on West Coast, while LOC Group appointed COO and CSafe Global announced sales director for France and Spain.

Neptune Orient Lines attributed the loss to deteriorating freight rates, but anticipates the proposed acquisition of APL by CMA CGM should help the company regain profitability.

The London-based shipping consultant is predicting that carrier profit margins this year will be influenced by big swings in both prices and costs.

The ‎Sulaibiya, Kuwait-based integrated logistics provider posted a net profit of 13.1 million Kuwaiti Dinars (U.S. $43.47 million) in first quarter 2016 despite revenues falling 6.1 percent year-over-year to 298.8 […]

Domestic container loads recorded a 6.4 percent increase for the quarter, while international volumes grew 3.8 percent compared with the same 2015 period, according to data from the Intermodal Association […]

Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and OOCL issued rate increases.

The 4,650-TEU Safmarine Meru, the first ship on the 2M Alliance’s new TP18/Lone Star Express service, had only 400 containers on board, while the other ship, the Northern Jasper, was […]

The 4,650-TEU Safmarine Meru, the first ship on the 2M Alliance’s new TP18/Lone Star Express service, had only 400 containers on board, while the other ship, the Northern Jasper, was […]

Matt Cox, chief executive officer of the Jones Act ocean carrier, says he would not be surprised if industry losses in 2016 exceed $10 billion, but Matson, which operates primarily […]

Air cargo volumes have been hindered by sluggish global trade growth and the falling load factor is continuing to keep intense pressure on freight yields and revenues, according to the […]

The Shanghai Containerized Freight Index fell 4 percent from last week to a reading of 579.60, with rates on the Shanghai to North Europe trade dropping 13.1 percent after a […]

Export volumes at the Northern California port jumped 7 percent in April 2016 compared with the same month a year ago thanks in part to a weaker dollar making U.S. […]

Authorities in Port Said, Egypt are considering the arrest of the captain of the 13,100-TEU containership that collided with a crane earlier this week while exiting the port terminal, causing […]

The Jones Act and special cargo carrier reduced debt by $42.7 million in quarter, and improved results in its Jones Act operations, according to the company’s most recent financial statements.

The French classification society has acquired UK-based international consultancy TMC Marine, a provider of pre- and post-casualty services for the marine industry since 1979.

The Seamen’s Union 48-hour strike is expected to affect cargo vessels calling at the ports of Piraeus, Aspropyrgos, Eleusis, Pachi and Megara, as well as all domestic and local ferry […]

Transportation and logistics companies added 8,600 jobs for the month, following revised increases of 4,900 in March and 400 in February, according to recent preliminary data from the U.S. Department […]

For U.S. meat exports during the first quarter of 2016, Japan was the leading market for beef export volumes and value, along with pork export value, while Mexico was the […]

The board of directors of United Parcel Service, Inc. declared a quarterly dividend payable June 1, 2016 to shareholders of Class A and Class B stock.

United Kingdom-based chilled food distribution solutions provider NFT opened the largest temperature-controlled quayside distribution hub in Europe at the Port of Tilbury.

The Roadrunner Transportation Systems’ subsidiary will open a new facility in Plainfield, Ind. next week, featuring 300,000 square feet of warehousing space.

Søren Skou, chief executive officer of the world’s largest container carrier, predicts the industry will see upward price momentum in the second quarter this year ahead of the traditional peak […]

Air cargo craft operator Atlas Air Worldwide Holdings, which saw net income and revenues plummet year-over-year in the first quarter of 2016, said it expects earnings and cash flow to […]