PIL Logistics Egypt commences operations
Services provided at the company’s 18,900-square-foot facility include warehousing, distribution, inventory management, pick and pack, quality inspection and order fulfillment services.
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.
Services provided at the company’s 18,900-square-foot facility include warehousing, distribution, inventory management, pick and pack, quality inspection and order fulfillment services.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and UASC issued general rate increases.
Canadian Pacific Railway has terminated efforts to acquire the number four U.S. railroad, including the withdrawal of a resolution asking NS shareholders to urge its board to engage in negotiations, […]
The U.S. Department of Justice filed a reply in opposition to Canadian Pacific’s petition for a declaratory order from the Surface Transportation Board regarding use of a voting trust in […]
A downbeat report from the London-based shipping consultant says freight rates are low and low oil prices are unlikely to drive profitability for the Danish conglomerate, but that stock in […]
The Ocean3 Alliance’s AEC1/AEX1/FAL8 service, which dropped a call at Zeebrugge, had the largest average vessel capacity of all container services calling the port, according to data from BlueWater Reporting.
Container spot rates as measured by the Shanghai Containerized Freight Index dipped 4.4 percent since last week, but the Ningbo Containerized Freight Index and the World Container Index both posted […]
A recent decline in the value of the U.S. dollar is benefiting exports, but it is too early to declare a trend, according to Port of Oakland Maritime Director John […]
Combined United States carload and intermodal cargo volumes fell 11 percent in March compared with March 2015, according to data from the Association of American Railroads.
The European container terminal operator posted net profits of 73.5 million euros on revenues of 591.3 million euros, year-over-year increases of 13.4 percent and 4.5 percent, respectively.
The Japanese ocean carrier will join the Ocean3 Alliance’s Phoenician Express/BEX2 loop next week as a slot purchaser.
The gulf coast port handled 12,653 TEUs during the first half of its fiscal year 2016, which ended March 31, a 36 percent year-over-year increase.
Industrial real estate services and investment management firm JLL has appointed Walter Kemmsies managing director, economist and chief strategist for its U.S. Ports, Airports and Global Infrastructure Group.
Port Freeport picks new CEO, while IFCO appoints VPs for commodity management and grower sales and TruckSmart names national accounts director.
Meanwhile, the U.S. Army has sent a letter to the Surface Transportation Board opposing the Canadian railway’s proposed acquisition of Norfolk Southern as a potential threat to national security.
The third-party logistics provider’s purchase of United Kingdom-based Evolution Time Critical will allow Metro, which is headquartered in Canada, to expand its automotive services presence beyond North America.
The House subcommittee on Coast Guard and Maritime Transportation will hear testimony on April 14 about the International Maritime Organization’s controversial verified gross mass requirement, which goes into effect July […]
Dubai-based Mercator, a provider of solutions to the global travel, transportation and logistics industry, has acquired Seattle, Wash.-based Revenue Management Systems.
United Continental Holdings has abandoned plans to buy 24 takeoff and landing slots from Delta Air Lines at Newark Liberty International Airport, the U.S. Justice Department said Wednesday.
Doorae Shipping will also make a community service payment of $200,000 after pleading guilty to charges that it failed to maintain an accurate oil record book and made false statements […]
European all-cargo operators Cargologicair and SW Italia have filed applications to launch routes to the United States, according to a report from industry news outlet The Loadstar.
The U.S. International Trade Commission has launched a study of the aluminum industry in the United States and its place within the global aluminum trade.
Air cargo aircraft operator Atlas Air Worldwide Holdings has completed its $110 million acquisition of Southern Air Holdings, a provider of intercontinental and domestic crew, maintenance and insurance services.
The northern New York port will undergo a project this year that involves the addition of two grain storage bins, a new conveyor system and the rehabilitation of two rail […]
The United States exported $437 million of beef and $414.3 million of pork in February, year-over-year declines of 18.4 percent and 12 percent, respectively, due to abundant red meat supplies […]
Combined spot truckload volumes for all three equipment types – van, flatbed and reefer – increased 11 percent for the week of March 27-April 2, compared to the prior week, […]
The integrated logistics provider expanded its Latin America network with the addition of three company-owned operations in Colombia, located in Bogota, Medellin and Cali.
Martin Bencher Group and Trax Technologies appoint COOs, while JLL hires global infrastructure advisor, National Tank Truck Carriers names VP of marketing and NationaLease picks business development manager.
The South Korean shipping conglomerate is also considering sale of its tanker business as part of its “self-rescue” plan to increase liquidity and improve its finances, according to local media […]
In a research note, analyst Michael Webber of Wells Fargo cited both internal company sources and the Oil Price Information Service, who say Kinder Morgan may sell a half interest […]
The U.S. Food and Drug Administration has finalized a new safety rule to help prevent the contamination of both human and animal foods during transport.
Publicly traded freight forwarders reported an average airfreight tonnage decrease of 2.2 percent year-over-year in the fourth quarter of 2015, while ocean freight volumes also declined 2.2 percent during the […]
The Federal Railroad Administration is accepting applications for $25 million in grant funding available to railroads, suppliers, and local governments for implementation of Positive Train Control as part of the […]
Taiwanese ocean carrier Wan Hai had the highest on-time performance score out of the top 20 ocean carriers during the month at 82.9 percent, according to Denmark-based consulting firm SeaIntel […]
Taiwanese ocean carrier Evergreen Line has joined the Ocean 3 Alliance’s Phoenician Express Service/BEX2 loop between the Far East and the Mediterranean.
The Commerce Department reported that U.S. exports of goods and services in February increased 1 percent from January to $178.1 billion.
The cargo airline unveiled its QR Cargo application, which is available for both Android and iOS devices and gives customers detailed visibility into the status of their shipments.
A total of 1.75 million tons of cargo were transported by U.S.-flag Great Lakes freighters during the month, a 112 percent increase from March 2015.
Kansas City Southern Railway Co. will invest about $20 million in 2016 in construction and improvements along its mainline, which transits through Kansas, Missouri, Oklahoma, Arkansas and northwest Louisiana.
The ocean carrier opened a new joint-venture agency in Uruguay and will inaugurate new agencies in Brazil and Argentina.
SAL appoints manager of Singapore office, while Union Pacific appoints cyber-security expert to board and Johanson Transportation Service announces promotions.
Ordering of containerships eased in the fourth quarter of 2015 despite attractive shipyard prices because carriers are running out of profitable trades on which to deploy them, according to London-based […]
The National Customs Brokers & Forwarders Association Of America says its members want issues related to vessel coordination, chassis, drayage availability, dwell times, container turnaround times, demurrage and detention to […]
The DrayQ™ and DrayLink™ applications utilize Bluetooth, WiFi and GPS technology to measure how long drivers wait for cargo at the Northern California port.
Maritime New Zealand has withdrawn two statutory notices relating to the wreck of the MSC-operated containership MV Rena, which ran aground on the Astrolabe Reef off Tauranga Oct. 5, 2011.
Rep. Bill Shuster, chairman of the House Transportation and Infrastructure Committee, came out today in strong opposition of Canadian Pacific Railway’s proposed takeover of number four U.S. railroad Norfolk Southern […]
The Maritime and Port Authority of Singapore will begin granting a 10 percent concession on port dues for bulk carriers calling the Port of Singapore.
The larger, more efficient ships will reduce emissions per TEU by 65 percent, according to Atlantic Container Lines.
Swiss-based freight forwarding giant Kuehne + Nagel has appointed Bob Mihok president of its North American region.
The Russian port operator and stevedoring company posted a net loss of $83.4 million on revenues of $877.2 million for 2015.
Currency devaluation and market volatility are increasing risk exposure for major transportation infrastructure projects, according to a new report from Fitch Ratings.
The Lake Oswego, Ore.-based railroad transportation equipment manufacture posted net earnings of $44.9 million on revenues of $669.1 million for the second quarter of its fiscal year 2016, which ended […]
Lim Yong Nam of Singapore will be extradited from Indonesia to Washington, D.C. to face criminal charges of exporting RF modules used in IEDs, according to the U.S. Justice Department.
The U.S. Transportation Department has released a web-based Transportation Rail Incident Preparedness and Response (TRIPR) training resource for emergency responders to crude oil train derailments.
The English port is increasing storage capacity at its grain terminal to accommodate up to an extra 16,000 metric tons of both import and export wheat at the port.
Transportation and logistics companies cut another 2,500 jobs in March, following revised decreases of 6,500 in February and 20,900 in January, according to recent preliminary data from the U.S. Department […]
The e-commerce giant said the planned 1.1 million-square-foot fulfillment center in San Bernardino, Calif. is expected to generate over 1,000 full-time positions.
U.S. Customs and Border Protection is now accepting applications to fill officer positions at border entry points mostly in the Southwest, Upper Midwest and Northeast.
The Russian cargo airline added a new Friday frequency to Singapore from its hub in Moscow last week, complementing the Thursday and Sunday frequencies it launched in September 2015.
Meanwhile, a global survey from the London-based Federation of National Associations of Ship Brokers and Agents finds many countries have failed to take action at national level to ensure the […]
The new International Maritime Organization container weight rule was just one of many concerns raised during the Port of Long Beach’s annual Pulse of the Ports Peak Season Forecast on […]
Japanese ocean carrier Mitsui O.S.K. Lines Ltd. attributed the shuttering of its dry bulk business in Singapore and write downs in its container unit to a prolonged downturn in volumes […]
The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index rose 22.3 percent since last week, from a reading of 418.47 to a reading of 511.99.
The commercial truck and engine manufacturer will pay $7.5 million to settle allegations by the U.S. Securities and Exchange Commission it misled investors about the development of an advanced technology […]
Korean firm KB Financial will pay $867 million to acquire a 22.56 percent stake in Hyundai Securities from HMM, according to multiple media reports.
Allowing foreign-owned ships operated by foreign crews to participate in cabotage trade in the United States would add to the burden facing domestic security agencies, according to a new report […]
The bi-state port also saw a big boost in automotive traffic and handled a record number of containers with its on-dock rail system, according to data from the port authority.
The Danish ocean carrier’s CRX loop, which connects North Europe with Central American, will make its first call at Mariel, Cuba April 22.
The Jacksonville, Fla.-based ocean carrier is purchasing new containers, chassis and gensets for both international shippers as well as its services to Puerto Rico.
The truckload carrier selected OBRCOMM, a global provider of machine-to-machine and “internet of things” solutions, to provide its dual-mode cold chain telematics solution for tracking and monitoring refrigerated trailers.
The 2M Alliance, comprised of ocean carriers Maersk Line and MSC, will also add a call in New York to another one of its loops between Asia and the U.S. […]
The 2M Alliance, comprised of ocean carriers Maersk Line and MSC, will also add a call in New York to another one of its loops between Asia and the U.S. […]
The decision is a victory for the City of Long Beach, which said in a statement it believes more should be done to mitigate the project’s impact on local residents.
The dispute between dockworkers and employers over starting times, which caused a shutdown at the Oakland International Container Terminal Monday, will be resolved using new arbitration system agreed to last […]
The commercial aircraft manufacturer confirmed plans to eliminate 4,550 positions by mid-2016 as part of a cost cutting program that could save the company as much as $1 billion, according […]
The ocean carrier alliance will void additional voyages on its Loop 6 service between Asia and Europe, which suspended operations in February and is currently scheduled to resume sailing in […]
The Conselho Administrativo de Defesa Econômica initially approved the $4.8 billion acquisition of Netherlands-based TNT Express last month, but a “third party,” FedEx archrival UPS Inc., appealed the ruling.
United States air carriers flew 35.9 billion revenue ton miles (RTMs) in 2015, a 2.2 percent increase from 2014.
The non-asset based freight brokerage and transportation management service provider signed a 224,678-square-foot lease at 600 West Chicago Avenue in Chicago, Ill.
The Association of Asia Pacific Airlines attributed the decrease to the weakness in global trade volumes, along with the Lunar New Year seasonal slowdown in factory operations in the region.
Queen Alia International Airport in Jordan handled 7,979 tons of cargo for the month, a 14.1 percent increase from February 2015.
APM Terminals will expand its presence in the Port of Tangier, opposite its long-established terminal in Algeciras, Spain, by building a second $863 million port complex that will have the […]
With progress being made on asset sales and creditors approving a three-month debt extension, HMM says it will now work to renegotiate ship charters as part of its ongoing “self-rescue” […]
Shippers with higher volumes have been locking into long-term contracts, preventing them from taking advantage of current low fuel prices, megaship capacities and more efficient supply chain management, according to […]
Thanks to $100 million investment in infrastructure improvements, the Port of Wilmington, N.C. will be able to handle 10,000-TEU vessels by this summer, the North Carolina State Ports Authority said […]
American Roll-on, Roll-off Carrier Group will replace the M/V Courage, which has damaged in a fire last June while crossing the North Sea and is being scrapped, with the 2006-built […]
The South Korean ocean carriers will commence the KH1/IHP loop this week between South Korea, Hong Kong, Vietnam and China.
The Federal Aviation Administration has proposed a $52,000 civil penalty against Atlanta-based home improvement and construction retailer Home Depot for allegedly violating federal hazardous materials regulations.
The Canadian port has invested in two navigational projects, which include a shore-based radar system project and a light at the mouth of Prince Rupert’s Fairview Channel.
A Jersey City, N.J. warehouse operation of Anheuser-Busch Inbev has reached a settlement with the Occupational Safety and Health Administration to improve safety.
Rickmers-Linie’s representative offices in China will support Nordana on marketing efforts throughout the country, along with coordinating documentation, including agency services through sub-agencies.
Brambles, an international pallet and crate supplier operating under the brands CHEP and IFCO, has announced a number of sustainability measures that it aims to implement by 2020.
CEVA Logistics appoints VP for contract logistics business development, while Coastal Cargo Co. hires general manager for its Pascagoula, Miss. operation.
Canadian Pacific filed a definitive proxy statement asking the NS board of directors to “engage in good faith discussions” with CP regarding a potential purchase that will be voted on […]
Oakland International Container Terminal was open for business Monday evening after a dispute about starting times shut the SSA Marine facility down during the day.
The Korea Development Bank and other lenders have agreed to give the Korean shipping conglomerate a three-month debt extension, according to multiple local media reports.
The container manufacturer and terminal operator’s revenues, on the other hand, fell 8.3 percent year-over-year in 2015 to $798.2 million.
The French ocean carrier earlier this month commenced its West Med-East Med service, which operates with four CMA CGM containerships.
The joint venture company, which was formed by COSCO Pacific Limited and PSA Corporation Limited, is investing in new container berths in Singapore to serve the next generation of mega […]
The e-commerce giant said the planned 822,104-square-foot facility in Edgerton, Kan. will create 1,000 full-time hourly positions, as well as opportunities for management and support roles.