Business

Report finds gap between companies selling online and using automated trade tools

The $320 million project at the Virginia International Gateway container terminal has officially launched, and a $350 million expansion project at Norfolk International Terminals will begin in July.

The e-commerce boom has spurred growth and innovation in the reverse logistics industry.

Tom Cook, managing director of Blue Tiger International, discussed the negative effects of risk exposure in the global supply chain and how to manage those risks.

The U.S. Federal Maritime Commission has received 33 ocean transportation intermediary license applications and changes for review.

CFI appoints vice president, logistics and vice president, sales, while the Armitt Group names new finance director.

Although a broken axle was the primary cause of a 2013 collision of two trains near Casselton, N.D., the subsequent oil spill and fire might have been reduced considerably had […]

Although throughput declined due to the port’s sluggish dry bulk segment, profits rose 5 percent from 2015 to 222.2 million euros, according to the Port of Rotterdam’s latest financial statements.

The United States exported 726,848 net tons of steel in December, a 0.3 percent decrease from the previous month and a 0.2 percent increase from a year earlier, according to […]

The Danish global transport and logistics provider reported adjusted earnings of 2.5 billion Danish krone (U.S. $358.3 million) on DKK 67.7 billion in revenues in 2016, year-over-year increases of 13.3 […]

The index fell 6.5 percent from last Friday to a reading of 886.26, largely resulting from sharp declines on the Shanghai to Europe and Mediterranean trades.

The Southern California port’s container volumes surged 8.7 percent year-over-year in January to 582,689 TEUs.

The mid-Atlantic port saw general cargo tonnage surge 21.6 percent year-over-year in January to 1.86 million tons.

Korea Investor Service, an affiliate of Moody’s, upgraded Hyundai Merchant Marine’s corporate credit rating after the carrier saw revenues decline and a larger operating loss in 2016, while the bottom […]

Canadian International Freight Forwarders Association (CIFFA) Executive Director Ruth Snowden said trade is an important source of jobs for the country.

On the occasion of his 80th birthday, Jacques Saadé the founder of CMA CGM, appointed his son to run what is the world’s third largest ocean carrier.

The South Korean shipbuilder recorded a net profit of 682.3 billion South Korean won for 2016, up from a loss of 1.36 trillion won for 2015.

The Spanish government will face strikes at all ports across the country later this month, according to International Transport Workers’ Federation (ITF) Maritime Operations Coordinator Jacqueline Smith.

Iptor Supply Chains Systems names new chief financial officer, while PayAnyBiz hires executive vice president of sales and marketing.

A broad industry coalition sent a letter to President Donald Trump urging him to find a long-term, user-based revenue source for the Highway Trust Fund and not to rely solely […]

Various forwarders, custom house brokers and shippers’ associations sent letters to the Federal Maritime Commission, supporting a petition filed by the Coalition for Fair Port Practices in December.

However, the U.S. trade deficit for December declined from a month prior as U.S. exports gained ground around the globe, but this was partially offset by an increase in imports.

The Overland Park, Kan.-based less-than-truckload holding company missed analyst expectations, posting a loss per share of $0.23 for the fourth quarter of 2016.

uShip hires new chief executive officer, while DHL Supply Chain names CEO of its regional Singapore division.

The Danish shipping conglomerate reported a loss of about $1.9 billion for 2016.

E-commerce is forcing radical changes on the world of freight, led by innovations from Amazon. From shorter lengths of haul to equipment changes, carriers and shippers are scrambling to stay in front of the changes.

As President Donald Trump ramps up the pressure on Mexico and U.S. companies doing business there, at risk is billions of dollars of freight that moves between the countries. 

“There are some trucking-specific changes that will benefit the industry in 2017. The last year and a half was a classic industry recipe for disaster.” That is Bob Costello’s summary of the past year in trucking. He is predicting a turnaround in 2017.

As transportation providers begin reporting their earnings for the 4th quarter, a common theme is developing – while profits are down slightly, the outlook for 2017 remains positive.

A third and final U.S. Coast Guard Marine Board of Investigation hearing into the sinking of the TOTE Maritime cargo ship El Faro, which claimed the lives of 33 crew […]

The National Highway Traffic Safety Administration has issued a proposed rule mandating vehicle-to-vehicle communication devices on all new cars and light trucks by 2023 in an effort to spur development […]

However, the Intermodal Association of North America said some analysts are projecting a rebound for 2017.

The Dubai-based port terminal operator handled 63.7 million TEUs at its container terminals during the year, a 2.2 percent increase from 2015 on a like-for-like basis, according to a statement […]

DHL Supply Chain appoints president of Automotive, North America, while WSP | Parsons Brinckerhoff names maritime manager for Southern California and Greenbrier Cos. hires director of global security.

However, COSCO SHIPPING Holdings said it does expect to have earnings before interest and tax of approximately 700 million Chinese yuan renminbi for the fourth quarter of 2016, excluding the […]

The Oak Brook, Ill.-based multi-modal transportation management company saw net income grow 5.4 percent to $74.8 million for the full year in 2016 even as revenues remained relatively flat compared […]

Chris Dupin, maritime and intermodal editor of American Shipper, examined the importance of protecting high-value parcel deliveries, using the outcome of Golden Hawk Metallurgical’s case against FedEx for the loss […]

Federal Maritime Commissioner Rebecca Dye said the reduction from four to three major container shipping alliances should decrease rates on the transpacific trade, but the decline could be offset by […]

Combined United States carload and intermodal cargo volumes increased for the third consecutive month in January 2017 following several months of year-over-year declines, according to data from the Association of […]

The Broward County, Fla. port posted a throughput of 104,590 TEUs for December 2016, a 15 percent increase from 12 months prior and the highest monthly total in the port’s […]

The U.S. Federal Maritime Commission has received seven ocean transportation intermediary license applications and changes for review.

   The U.S. Federal Maritime Commission has received seven license applications for review.     The FMC received non-vessel-operating common carrier license applications from Balkans Air Corp., Brooklyn, N.Y. (Begator Hila, president); and […]

The U.S. Federal Maritime Commission has received seven ocean transportation intermediary license applications and changes for review.

   The U.S. Federal Maritime Commission has received seven ocean transportation intermediary license applications and changes for review.    The FMC received a non-vessel-operating common carrier/ocean freight forwarder license application from U.S.A. […]

FMC reviews 7 OTI license applications

   The U.S. Federal Maritime Commission has received seven ocean transportation intermediary license applications and changes for review.    The FMC received non-vessel-operating common carrier/ocean freight forwarder license applications from […]

   The U.S. Federal Maritime Commission has received seven ocean transportation intermediary license applications and changes for review.    The FMC received a non-vessel-operating common carrier license application from Safeway Shipping […]

The Shanghai Containerized Freight Index, an estimate of spot rates published each Friday from Shanghai to 15 regions around the world, fell 0.6 percent since last Friday to a reading […]

The International Air Transport Association noted the 3.8 percent year-over-year increase in traffic was nearly double the industry’s five-year average growth rate of 2.0 percent, with all regions except Latin […]

OFAC move incorrectly interpreted by some lawmakers

The National Industrial Transportation League elects new chairman and board members, while Worldwide Flight Services hires chief information officer.

T.J. England, the chief legal officer for Salt Lake City-based trucking carrier C.R. England, said it intends to immediately appeal the decision.

The Northwest Seaport Alliance handled 3.6 million TEUs for the full year in 2016, a 2 percent increase from the previous year and the highest throughput for the ports since […]

Meanwhile, Landstar System, Inc.’s board of directors declared a quarterly dividend of $0.09 per share payable March 17, 2017 to stockholders of record at the close of business on Feb. […]

The U.S. Senate on Tuesday confirmed presidential nominee Elaine Chao, a former deputy secretary of transportation and secretary of labor, as secretary of the Department of Transportation by a vote […]

Despite surpassing analyst projections, C.H. Robinson’s earnings per share for the quarter were still lower than in Q4 2015, but revenues increased 6.4 percent year-over-year due to volumes growth across […]

France’s Total, the world’s fourth largest oil and gas company, will become a multi-fuel supplier for CMA CGM.

Although reported cargo thefts in California drastically increased from 2015 to 2016, logged incidents in Georgia were on the decline.

The temperature-controlled warehousing and logistics provider has acquired new buildings in Phoenix, Ariz. and Bethlehem, Pa., and plans to expand two others, adding a total of 21 million cubic feet […]

USA Truck names new chief executive officer and chief commercial officer, while Hansa Heavy Lift appoints managing directors and FourKites hires chief revenue officer.

The Atlanta, Ga.-based parcel giant and logistics provider reported a net loss of $239 million for the quarter compared with a $1.33 billion net profit in the same 2015 period […]

While the U.S. merchant marine has dramatically shrunk since World War II, mutual insurer American Club has adapted by expanding overseas.

The Chicago-based technology company, which builds APIs for the logistics and transportation industry, said the newly launched connectNG incorporates steps toward greater cloud security and enhanced ability to normalize disparate […]

The truckload transportation and logistics provider’s net income for the year tumbled 36 percent to $79.1 million compared with 2015 as revenues slipped 4 percent to just over $2 billion, […]

“K” Line announces changes to executive officers, Aegean Shipping Management appoints new chief executive officer, while American Airlines names successor to retiring senior vice president of international and cargo.

Two Floridian ports changed plans on inking deals with the Cuban government after Florida Gov. Rick Scott said he would recommend restricting state funds for ports that work with Cuba.

Michael A. Khouri is replacing Mario Cordero as acting chairman of the Federal Maritime Commission, but Cordero will remain as one of the five commissioners.

The Athens-based containership leasing company’s net income for 2016 totaled $81.7 million, a 43.2 percent decline from 2015.

The Mondovi, Wis.-based temperature-sensitive truckload carrier reported a net income of $33.5 million on operating revenues of $671.1 million for the full year of 2016.

Last year saw massive changes in container shipping, but will they benefit retailers and other shippers in 2017?

United States gross domestic product increased 1.9 percent in the fourth quarter of 2016, according to the “advance” estimate from the Department of Commerce, down from a 3.5 percent growth […]

However, the Hong Kong-based carrier’s year-over-year increase in fourth quarter revenues was not enough to stop a slide for the full year, with revenues falling 9.9 percent from 2015.

The International Air Transport Association’s Cargo-XML messaging standard is now fully integrated into ASYCUDA World, the United Nations Conference on Trade and Development’s automated customs management system.

The trucking and intermodal carrier said volumes and pricing during the year were pressured by excess industry capacity, excess customer inventories, a weakening used truck market and sluggish demand.

President Donald Trump has named current board member Ann Begeman acting chairman of the U.S. Surface Transportation Board, according to a statement from the STB.

Duluth Seaway Port Authority appoints new board members and B&H Worldwide expands international management team, while Montgomery McCracken adds to Maritime and Transportation practice and Holland & Knight hires senior […]

President Donald Trump threatens to impose a tax of up to 20 percent on Mexican imports as part of a plan to construct a wall between Mexico and the United […]

An estimated 1.69 million TEUs of vessel capacity is expected to be delivered in the coming year, more than twice the amount projected to be sold for scrap, according to […]

Starting April 1, 2017, the Berkshire Hathaway-owned Class I railway will offer discounts of $300 per carload for ethanol shippers that opt to use the newer, safer DOT-117 model tank […]

The truckload transportation and logistics provider’s earnings per share fell short of analyst expectations in the fourth quarter of 2016.

The airport handled more cargo tonnage in 2016 from a year prior, thanks to more international cargo transport, which was partially offset by declines in domestic cargo transport.

South Carolina Department of Commerce names new director of international strategy and trade, while Midwest Association of Rail Shippers elects 2017 officers and Roadrunner Freight appoints senior vice president of […]

The Class I railway has also raised its quarterly dividend and has named six people to new positions and duties.

While the Shanghai Containerized Freight Index showed spot rates averaged 7 percent less in 2016 compared to a year prior, the China Containerized Freight Index illustrated an even greater drop, […]

Montreal, Canada-based Class I railway Canadian National saw net income tick up 2.9 percent year-over-year to C$3.64 billion (U.S. $2.78 billion) in 2016 on revenues that slid 4.6 percent to […]

The nominations of Wilbur Ross as Secretary of Commerce and Elaine Chao as Secretary of Transportation have been approved by the Senate Committee on Commerce, Science, and Transportation, and now […]

The seasonally adjusted For-Hire Truck Tonnage Index slipped 6.2 percent to a reading of 133.8 compared with the previous month, following a revised 8.4 percent jump in November, according to […]

Brian A. Kenney, president and chief executive officer of GATX Corporation, said the company achieved record earnings per share for the full year of 2016.

The Florida Department of Transportation announces secretary resignation, names interim secretary, while CenterPoint Properties hires vice president of investments.

The world’s largest manufacturer of shipping containers has advised shareholders and potential investors to exercise caution when dealing with its shares.

Total deal value and volume in the transportation and logistics industry for the full year in 2016 fell 31 percent and 6 percent, respectively, from the previous year, according to […]

The trucking technology provider said the new product offers rating solutions based on dimensional weight, modeled on Mexico-to-Mexico postal codes and delivered in Mexican pesos.

Total cross-border trade between the United States, Mexico and Canada grew 3.3 percent after falling in 21 of the previous 22 months compared with the prior-year period, according to the […]

The South Carolina Ports Authority said container volumes, breakbulk tonnage, and vehicle shipments all increased in December from a year prior.

The integration solution gives McLeod PowerBroker users access to project44’s less-than-truckload API-based transportation solutions.

Röhlig appoints director of global contract logistics, while Cozen O’Connor adds to its transportation and trade group and East Coast Warehouse & Distribution names senior director of customs examination services.

Chaos in the ocean shipping industry has led to a winter of shippers’ discontent as freight transportation managers scramble to determine how carriers will meet their transportation requirements after several […]

However, FMC Commissioner William P. Doyle, who voted against the amendment, said it is beyond the scope of the Shipping Act and harmful to the U.S. tugboat industry.

In terms of loaded containerized cargo, the Georgia Ports Authority set a record for 2016, handling 2.95 million TEUs of loaded containers thorughout the year.

The Shanghai Containerized Freight index fell 1.9 from last Friday to a reading of 971.64, but the index is still much higher from a year prior.