Demand for container shipping in the transpacific was another major topic at TPM19.
French carrier says CEVA acquisition will create $30 billion company offering door-to-door logistics.
Built at a cost of $1 billion, the Moín terminal will be used to move refrigerated cargo to Europe and Asia
Consulting firm says requirement to use low-sulfur fuel could raise costs by $10 billion for industry.
Simplification and improvement of capital structure will support long-term business plans, says the logistics and transportation company.
The Switzerland-based freight forwarder and logistics company reports both increased sales and profit for 2018.
The service will be paired with APL’s Eagle Express X transpacific service.
The ship Kauai will be moving cargo to and from Hawaii while Matsonia undergoes repairs.
Companies say a nearly two-year-old investigation has been dropped.
The deal appears to make Lineage the world’s largest operator of temperature controlled warehouses.
Home Deport is among the latest investors in the same day delivery company.
Rising volumes and “reasonable” orders for new ships expected to result in improving balance of supply and demand in the container shipping industry.
China service, terminals and logistics outweigh ongoing competitive situation in Guam and lower southbound volume in Alaska.
The company says freight rates are higher as it begins contract negotiations with North American shippers.
With deeper channels, longer and wider ships will be able to move to and from berths without having to wait for high tides.
Analyst predicts a slowdown in U.S. containerized imports and continuing shift to to East Coast ports.
Maritime groups tell California legislators not to give special treatment to Oakland Athletics.
While contaner volumes were flat in 2018, more cargo is moving to and from the port by rail.
The Swiss forwarding company Panalpina and Kuwait-based Agility talk “partnership opportunities” while the Danish firm DSV makes an all-cash offer for Panalpina.
FedEx shares also tumble over speculation that Amazon may handle more logistics work in house.
Philadelphia-area company will supply fuel equal to about 10 percent of Maersk’s needs
World’s largest container lessor says customer demand was supported by solid trade growth and increased reliance by carriers on leased containers.
Customs house brokerage is a “sticky” service, and that’s what makes it attractive.
Backed by CI Capital, the Chicago-based company already has made two acquisitions this year.
Maersk said its purchase will increase its North American customs staff from 80 to 250.
But Hyundai Merchant Marine saw growing revenue and a smaller operating loss in the fourth quarter.
The two firms will create a multimodal logistics company with more than $1 billion in freight under management.
The International Air Transportation Association expects a slightly higher figure — 3.7 percent growth — in 2019.
CEO Jens Bjørn Andersen tells analysts consolidation makes sense in an “extremely fragmented” 3PL industry.
Drewry says carriers will focus on making sure they can recover higher fuel costs.
Northwest Seaport Alliance may lease to Stevedoring Services of America and MSC’s Terminal International Ltd.
Swiss foundation owning 46 percent of Panalpina does not support offer from Denmark’s DSV.
A Hapag-Lloyd ship that caught fire early in January is now moored off Freeport, Bahamas.
Volumes tapered off in the fourth quarter, growing 4.2 percent year-over-year.
Korea Development Bank is taking steps to merge Daewoo Shipbuilding and Hyundai Heavy Industries, but says Samsung may bid.
The joint venture of Japan’s three largest shipping companies said it benefited from the rush to get cargo into the U.S. ahead of threatened tariff increase.
Railway officials discussed plans to grow intermodal cargo and develop the Nova Scotia port during this week’s earnings call.
Port handled 9.5 million TEUs in 2018 and believes technology can help solve “persistent systemic problems.”
Container volumes increased 7.5 percent; the port is dredging and adding cranes, truck gates and rail capacity to accommodate more growth.
Shippers in the transpacific trade should consider moving more of their cargo under contract rates and look at joining a shippers association or buying group because of the trade war […]
CEVA’s board says the offer is friendly but shareholders may do better if they hold onto their shares.
International Longshore and Warehouse Union says plan to automate Pier 400 puts robots ahead of people.
Transpacific revenues up 26 percent in fourth quarter of 2018 on 6.1 percent volume growth.
Executive Director Mario Cordero says even after a record 2018 the port is hopeful for additional volumes.
National Industrial Transportation League panel focuses on ways to reform charges.
More than 1 million TEUs will be delivered in 2019 and 2020, according to forecasts.
Relief is expected when volumes dip after Lunar New Year, which begins Feb. 5.
Since Maersk acquired Hamburg Süd in 2017, it is focusing on the container liner business.
Net earnings for 2018 totaled $490 million, down from $686 million in 2017.
SpaceX’s lease on a 19-acre site at the port will end in February, while Cal Cartage will close its warehouse on an 85-acre site in July.
Set to launch in April, the network will involve the deployment of about 330 containerships with a carrying capacity of around 3.8 million TEUs across 38 services.
The barge would move containers between the Wando Welch and Hugh K. Leatherman terminals.
The port handled a record amount of container volumes in 2018, but the outlook for the coming year is uncertain, according to the port’s maritime director.
Months after being rejected by CEVA, the Danish logistics company offered $4 billion for Panalpina.
There is growing interest in interchanging equipment between importers and exporters at locations other than marine terminals and container yards.
The carrier will use the Belgium-based service to approve the triangulation of containers in the United States and Canada.
The union says truck drivers will be prevented from waiving their rights through private arbitration agreements; the decision may spark class action lawsuits against owner-operator fleets.
But the outlook for 2019 is muddled by the U.S.-China trade war.
Now the Airbnb-like startup with an online marketplace serving shippers, truckers and logistics companies has secured a partnership with ITS ConGlobal.
The 15,262-TEU containership was heavily damaged in a March 2018 fire that killed five crewmen.
But Harbor Trucking Association says the union is misrepresenting California labor decisions.
Penalty will make congestion and air pollution worse, say truckers and shippers.
Owner of car carrier that caught fire on New Year’s Eve says the cause of the fire still is undetermined.
ZIM, Maersk and MSC announce that they will share space on four additional services.
HMM said it increased volume 150 percent in two years as it prepares for megaship deliveries in 2020.
But Drewry’s senior analyst of ports and terminals cautions growth will slow in 2019.
Allianz consultant is concerned that risk is being normalized in the shipping industry.
Two large ships are still on fire in the Pacific and Atlantic.
Leaders of NYK, MOL and “K” Line also highlight the challenge of IMO sulfur regulations.
Arian was the president of the International Longshore and Warehouse Union from 1991 to 1994 and also served as president of Local 13 in Los Angeles.
German authorities say some of the containers have come ashore in the Netherlands.
The container manufacturing unit of A.P. Møller – Maersk says it is shutting down a factory in Dongguan, China that made dry, non-refrigerated containers.
Sixteen crew members are rescued, four are unresponsive and another is missing.
The vessels are chartered to “one of the world’s largest liner companies.”
The Fashion Jewelry & Accessories Trade Association will join the Fashion Accessories Shippers Association as part of Gemini Shippers Group.
Trade associations warn of big disturbances in the event of a “cliff-edge” withdrawal.
CEO Soren Skou tells Financial Times the company needs to do acquisitions in the logistics space.
TRAC Intermodal says inventory optimization as well as new and added equipment have eased shortages.
Agricultural exporters concerned about shift to U.S. East and Gulf Coast ports.
The largest U.S. terminal operator and stevedore gets 50-year lease for terminals at the Port of New Orleans and will invest $66.5 million in infrastructure and equipment.
The World Shipping Council and three other shipowner groups tell the European Commission consortia block exemption for liner shipping should be extended.
Terminals being hit with heavy volumes because of tariffs at a time when many longshoremen are taking vacation.
Jebel Ali Terminal 4 will feature what the company is hailing as a revolutionary racking system and will be ready by Expo 2020.
U.S. says military cargo was improperly weighed by three units of YRC, resulting in higher freight costs.
China’s COSCO Shipping is being forced to sell the facility as part of its acquisition of container carrier Orient Overseas Container Line this summer.
Some carriers will seek to broaden reach, while others stick to their knitting, predicts Drewry.
More longshoremen are needed because of retirements, cargo growth.
Transportation Secretary Chao says the funding will support road, rail, transit and port infrastructure projects across the country.
Value Protect “can act as a substitute or as supplement to regular cargo insurance.”
Shipping giant retains investment grade rating, but Moody’s expects it to operate at a higher leverage.
The two CMA CGM subsidiaries will “shore up our relevance in the economically thriving Asia through the CNC brand ahead.”
Richard J. Bolte Jr. will remain CEO of the Philadelphia-based global logistics and transportation services company.
The new law includes provisions aimed at protecting suppliers such as U.S. marine terminal operators, tug boat operators and bunkering companies.
Consultants foresee increased economic links between Russia and China.
Container carrier says “carbon neutral vessels must be commercially viable by 2030” to achieve its goal.
Pilot project will focus on selling transportation on services from China to the United States.
But the industry is much stronger financially than container liner companies, according to the consulting firm AlixPartners
Ocean Alliance carrier will add Port Tampa Bay to the rotation of its transpacific Gulf of Mexico Express service.
Both companies will start using new formulas on Jan. 1 in advance of the low-sulfur exhaust mandate.
Alaska Railroad remains shut down, but neither TOTE Maritime Alaska nor Matson reports injuries or damage.