Japan Post seeks to raise $11.6 Billion in IPO
The state-owned logistics company received approval last week for an initial public offering that could be the country’s biggest since NTT Docomo Inc. went public in 1998, according to reports […]
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%.
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The state-owned logistics company received approval last week for an initial public offering that could be the country’s biggest since NTT Docomo Inc. went public in 1998, according to reports […]
Ocean carrier COSCO continues to give no details other than to say it is “contemplating a plan on a material event” but claims trading suspension in not expected to exceed […]
FedEx Express, Ground, Home Delivery, and Freight rates in the United States will each increase by an average of 4.9 percent, effective Jan. 4, 2016, according to a statement from […]
The Tuscan port unveiled plans for Europa Platform, a new container terminal complex with a 20-meter draft that will be able to handle ultra large containerships.
The truckload, intermodal and logistics services provider now offers intermodal shippers easier cross-border clearance and inspection services for certain commodities that originate in the United States or Canada destined for […]
The Russian cargo airline has handled 300,000 tons of cargo in the first eight months of 2015, a 17 percent increase compared with the same period last year.
The parcel carrier expects to hire between 90,000 and 95,000 seasonal employees to support the anticipated increase in package volumes during the holidays.
The Japanese liner company took delivery of Japan’s first LNG-fueled tugboat Aug. 31, which will primarily operate at the ports of Yokohama and Kawasaki.
The new office in Monaco will allow the company to take greater advantage of markets throughout South Europe and enable the team to offer customers in the region real-time support.
Tiger Cool Express appoints two VPs and chief commercial officer, while former V.Ships CEO joins ShipServ board.
A report from the Working Group for the Fiscal and Economic Recovery of Puerto Rico, established by Governor Alejandro García Padilla, said a Jones Act exemption would “reduce transportation costs […]
The port solutions provider and dry warehousing company announced it acquired Conquer Logistics and its sister company Retail Packers, in addition to securing a long-term lease for a 100,000-square foot […]
Canadian National Railway expects to use the proceeds from the stock sale for “general corporate purposes,” which include paying off and restructuring current debt as well as share buybacks.
The five Market Development Cooperator Program-backed projects are expected to generate more than $653 million in U.S. exports over the next three years in return for the one-time $1.4 million […]
The new containerships will be built by Japan’s Imbari and are scheduled for delivery in 2018-2019.
The car company announced it will make the switch from the Port of Brunswick to the Port of Jacksonville as its new port of entry for the Southeastern United States […]
Truckload pricing increased 3.7 percent year-over-year in August after similar increases in June and July, according the latest Cass Truckload Linehaul Index.
The international transportation and logistics company has commenced a weekly less-than-containerload service from all major ports in Asia to Toronto, Canada.
Year-over-year rates have fallen for the eight consecutive months in response to increased demand in the truckload sector, according to the latest Cass Intermodal Price Index.
The express delivery company improved air connections to Sweden and Finland and added additional last-mile delivery capacity in large business centers.
The third-party logistics provider signed a preliminary agreement with HAROPA to construct a 36,000-square meter warehouse at the Port of Le Havre.
FIATA elects new slate of officers, while Milaha appoints CEO.
Jim Newsome, CEO of the South Carolina Ports Authority, laid out an ambitious plan to grow container operations at Port of Charleston over the next five years as the Army […]
The Pacific Merchant Shipping Association, which opposed the legislation after several compromise proposals were rebuffed, said the pilots “rolled the dice” for millions more in pay increases and lost.
Ocean carrier members of the G6 Alliance announced they will void additional sailings on their Loop 1, Loop 4, Loop 5, Loop 6 and Loop 7 services between Asia and […]
Truck drivers in the Ports of Los Angeles and Long Beach seeking to be recognized as employees have struck Pacific 9 Transportation six times in the past two years, and […]
The 2,742-TEU capacity Cape Moreton caught fire early Sunday morning while docked at Manila International Container Port in the Philippines.
Shipment volumes and expenditures both saw a slight decrease compared with July figures, which is not typical for the month, according to the latest Cass Freight Index Report.
Container volumes at the Port of Los Angeles in August increased 3.8 percent to 786,677 TEUs compared to the same month in 2014.
The government plans to invest RMB 100 billion ($15.7 billion) in over 60 shipping and port related projects to reach an annual cargo throughput of 550 million tons and a […]
The Port of Jacksonville was granted approval to import select cold-treated products from Peru, Uruguay and Argentina.
Higher import volumes offset a slight decline in exports from the Northern California port, according to the most recent figures from the Port of Oakland.
The Nordic cargo carrier will add belly cargo capacity to its route between Helsinki, Finland and London Heathrow to facilitate the increase in cargo demand on the route.
Total year-to-date cargo shipments through the St. Lawrence Seaway declined from last year, but dry bulk shipments have increased.
The national real estate development firm announced the construction of the 70-acre Fountain Square Commerce Center in Bolingbrook, Ill.
Ocean carriers CMA CGM and Hapag-Lloyd issued general rate increases.
Ocean carriers CMA CGM of France and Hapag-Lloyd of Germany issued general rate increases.
Ocean carriers CMA CGM and Hapag-Lloyd announced general rate increases.
The French ocean carrier CMA CGM and the German ocean carrier Hapag-Lloyd announced general rate increases on various trades.
Ocean carriers CMA CGM of France and Hapag-Lloyd of Germany announced general rate increases.
Promotions and appointments were made at SABMiller, DHL Global Forwarding, Cargolux, DP World London, Buss Port Logistics, and Swisslog.
Rates from Shanghai to Northwest Europe and the Mediterranean dropped, while rates to the United States remained flat compared to last week.
The Southern California port handled 703,652 TEUs in August, a 22.8 percent increase from August 2014.
Alexander Fishenko operated as an agent for the Russian government, conspiring to ship millions of dollars worth of sensitive U.S.-made microelectronics to Russia, according to the U.S. Attorney’s office.
Data from BlueWater Reporting illustrates how the termination of the ME5 service will decrease the Danish carrier’s weekly deployed capacity from the Mediterranean to the Middle East by 12.2 percent.
Combined with a similar previous order from China Shipbuilding Corp. in Taiwan, Evergreen now has 20 containerships on order it plans to deploy on the intra-Asia trade lanes.
Police in both countries have confiscated more than two tons of illegal narcotics that had been dyed black and disguised as a chemical component in printer and copier toner, according […]
The ocean carrier expects the first of its new container and roll-on/roll-off cargo vessels to enter service around Thanksgiving.
A final rule “streamlines” the hazardous materials special permits and approval process by including new procedures for evaluating applications the Pipeline and Hazardous Materials Safety Administration said Thursday.
The supply chain management software company reported a 20 percent decline in EBITDA despite 15 percent revenue growth in the first quarter of fiscal year 2016, which ended July 31.
The highly automated Rotterdam World Gateway terminal, where all cranes and vehicles on the terminal run on electricity, announced its official opening today.
Roadrunner appoints senior VP of sales, while Fleetgistics names new CEO.
The Safe, Flexible and Efficient Trucking Act would allow interstate systems in each state to increase their weight limit from 80,000 pounds to 91,000 pounds if trucks were equipped with […]
Import cargo volumes at the nation’s major retail container ports increased 8.1 percent compared with July 2014, according to the monthly Global Port Tracker report from the National Retail Federation […]
Federal Maritime Commission Chairman Mario Cordero said he also favors a third party audit of PierPass.
The ocean carrier placed newbuild orders worth an estimated $1.5 billion at four shipyards that are to be delivered in 2018.
The global trade and transportation software provider posted a net income of $5.1 million for the second quarter of fiscal 2016, which ended July 31, a year-over-year increase of 42 […]
The French ocean carrier will modify its Brazil Express loop between South America, Central America and the Caribbean at the end of the month.
The Federal Maritime Commission is looking to to increase awareness of its role with legislators, the press, and stakeholders.
The Port of Rotterdam Authority announced the construction of Yukon Harbor, which will include a new LNG Breakbulk terminal.
The major shipment of illicit rough diamonds and gold confiscated at Beitbridge border post last week was one of several recent large hauls, according to the South African Revenue Service.
The third-party logistics provider established Yusen Logistics Pakistan (Private) Limited in Lahore, Pakistan and opened a branch in Karachi, Pakistan.
With the latest in a series of blockbuster M&A deals in the logistics industry this year, XPO would become the second largest less-than-truckload provider in North America.
The Danish ocean carrier’s strong performance in first half of 2015 stands in sharp contrast to the same period in 2009, according to Maersk Line CEO Soren Skou.
Current rates only make a “nominal contribution” to a round-trip transpacific sailing, and “barely compete for space aboard ships with empty repositioned containers needed in Asia,” according to the Transpacific […]
The Cornelia Maersk is the only vessel tested thus far by the Coast Guard and CBP and the agencies do not plan to test any other ships from Tianjin in […]
The Independent Pilots Association called on its members to authorize a strike against UPS and said it will announce the voting results Oct. 23.
Eight employees had to be hospitalized following an explosion Shital Enterprise scrap yard in Chittagong, Bangladesh last week.
The Swedish port increased car exports and imports 5 percent year-over-year in first half of 2015, however, thanks to Volvo’s decision at the beginning of the year to ship cars […]
The global mobile satellite communications services provider will participate in the $7.3 million Advanced Autonomous Waterborne Applications Initiative, which is being led by English automobile and engine manufacturer Rolls-Royce.
The less-than-truckload carrier announced its less-than-truckload tons per day increased significantly in July and August over last year due to a growth in shipments, which was partially offset by a […]
The electronic freight posting company launched a new online analytics service for transportation and logistics professionals.
The third-party logistics provider entered into a six-year contract with in vitro diagnostic products and services provider Ortho Clinical Diagnostics to manage the company’s temperature-controlled warehousing and distribution needs in […]
Jeff Smisek, who stepped down due to ongoing federal investigations into his dealings with Port Authority of New York and New Jersey, will be replaced by the chief executive officer […]
Shares of the two state-owned Chinese ocean carriers have been frozen in Hong Kong for nearly a month now.
“There have been no reports of vessels with confirmed hazardous ash, debris or residues onboard,” according to a bulletin from the United States Coast Guard.
The terminal operator reached an agreement with Perez y Cia to acquire its majority stake in Grup Maritim TCB and its 11 container terminals, expanding APMT’s terminal network to 74 […]
Troy Cooper will replace Hervé Montjotin as chief executive officer and chairman of XPO Logistics Europe, according to a statement from the recently acquired Norbert Dentressangle.
DP World, Hutchison Port Holdings Limited, APM Terminals, PSA International, Shanghai International Port Group and Port of Rotterdam Authority have joined forces on the “Go Green” program to promote environmental […]
Ocean carrier UASC will purchase slots on portions of the EURAF1 and the EURAF4 loops between the Mediterranean and West Africa starting next week.
CARU Containers and private investment firm Transportation Capital Group announced the formation of CARU Specialized Leasing Pte Ltd., a new joint venture that will focus on non-commoditized containers.
Ocean carriers Maersk Line, CMA CGM, CSCL, Hanjin, Yang Ming, “K” Line, MOL, Hamburg Sud and UASC issued general rate increases.
CEVA appoints new Australia/New Zealand managing director, while Cathay Pacific Airways names executive director.
Saverco NV, a controlling shareholder of Antwerp-based cargo ship and aircraft lessor CMB, will seek to purchase all outstanding shares of CMB.
Rates from Shanghai to Northwest Europe and the Mediterranean have increased dramatically in the past two weeks, but rates from Shanghai to the United States have fallen three weeks in […]
The U.S. Coast Guard closed part of the Mississippi River Thursday after a collision between two ships caused oil to leak into the water.
State-owned China Railway Rolling Stock Corporation, the first Chinese railcar firm to win a major transit contract in the United States, will produce and assemble cars for the Boston, Mass. […]
The Federal Railroad Administration is seeking applications for $10 million in competitive grant funding available to states to improve highway-rail crossing safety.
The airline group reported August cargo volumes dropped to 417 million cargo ton kilometers.
NYK signed a joint-venture agreement with Ports Development Company to create the first exclusive roll-on/roll-off terminal in Saudi Arabia, which will be located at King Abdullah Port.
The Russian cargo airline launched a twice-weekly direct freighter service from Moscow to Singapore starting Sept. 3.
NYK and Monohakobi Technology Institute, an NYK Group company, jointly developed “Kirari NINJA,” the first camera device in the industry designed to monitor a vessel’s engine.
Third-party provider of unit-load devices Jettainer said it will manage air cargo pallets and containers for WestJet’s new international flights.
European fashion retailer Primark and contract logistics solutions provider Exel announced Primark officially established a presence in the Northeastern United States.
Florida Ports Council appoints 2015-2016 leadership and the Busan Port Authority names CEO, while Con-way Freight promotes VP of western area sales.
International Container Terminal Services Inc., operator of the Manila International Container Terminal, said the Terminal Appointment Booking System is a “proactive alternative” to truck bans.
The over 5,000 firearms and 490,000 rounds of ammunition found hidden in containers onboard the Haddad I may have been destined for ISIS forces.
The Ocean3 Alliance of CMA CGM, UASC and CSCL will combine their FAL2 and FAL3 loops between Asia and Europe, decreasing its deployed capacity on the trade by approximately 21 […]
The U.S. Department of Commerce’s Bureau of Industry and Security imposed a $3.5 million penalty on Streit USA of South Carolina, its UAE-based affiliates, and two corporate officers.
Necotrans and local business consortium Kribi Port Multi Operators won the concession for the terminal, which is expected to handle vehicles, wood, cotton and equipment for the mineral, oil and […]