The Australian Competition and Consumer Commission’s case against Japanese ocean carrier “K” Line stems from alleged cartel behavior surrounding the shipping of automobiles to Australia between July 2009 and September […]
The Seattle-based airline became the first commercial carrier to power a flight with a mix of biofuel made from wood waste.
Cambridge Systematics names CFO and the Chamber of Marine Commerce appoints president, while West Calcasieu Port re-elects board officers and IBIA’s chief executive retires.
A previous version of the AS Daily story “Canada’s trade deficit soars in September” from Nov. 8 did not specify the dollar amounts are in Canadian dollars.
The German ocean carrier’s third quarter profit surged from 3.2 million euros in the third quarter of 2015 to 8.2 million euros, despite a drop in revenues and freight rates.
The Netherlands-based third-party logistics provider posted a third quarter loss of $41 million compared with a $51 million loss the previous year as revenues slipped 1.2 percent to $1.68 billion, […]
The all-cargo airline posted a throughput of 57,608 metric tons for the month, bringing the year-to-date total to 498,177 metric tons and breaking its full year freight volume record for […]
Although iron ore shipments from U.S. Great Lakes ports rose 5.4 percent in October from a year prior, loadings from Canadian ports tumbled 33.4 percent.
Descartes Systems Group has acquired 4Solutions, an Australia-based provider of cloud-based business-to-business supply chain solutions, for about $2.7 million
Rates from Shanghai to Northwest Europe fell 4.7 percent since last week, despite several major ocean carriers looking to increase rates on the trade in mid-May.
Since last week alone, the index has fallen 4.1 percent to a reading of 825.10, with rates declining from Shanghai to Northwest Europe, the Mediterranean and the United States.
The German shipowner and breakbulk ship operator said it sees no signs of a recovery in the general economic conditions for the final quarter of the year.
The logistics provider and container terminal operator’s intermodal segment was especially successful during the period.
Bellevue, Wash.-based Radiant Logistics saw revenues for the quarter ending Sept. 30 fall 9.5 percent from the comparable prior year period to $191.5 million.
Port Tampa Bay appoints VP of operations, while DHL Supply Chain names managing director for its Hong Kong and Macau business.
The Austin, Texas-based publisher and intelligence company said that although pirate attacks will continue to decline, maritime threats, such as militant attacks, will still pose a considerable challenge to global […]
Although free trade deals can cause short-term job losses, the long-term economic gains far outweigh the costs.
Courts in Tianjin Municipality sentenced 24 company managers and staff and 25 government officials for crimes related to the August 2015 warehouse explosion that killed at least 165 people and […]
Major container ports in the United States handled 1.6 million TEUs in September, down 6.6 percent from August and 1.6 percent from September 2015, according to the monthly Global Port […]
The Jersey City, N.J.-based bulk freight shipping services provider reported net income applicable to common stockholders for the fiscal year 2017 second quarter, which ended Sept. 30, tumbled 77.5 percent […]
Envirotainer appoints CEO, while B&H Worldwide names regional director for Europe, the Middle East and Africa.
Peter Keller, executive vice president of TOTE, which has put two containerships fueled with liquefied natural gas into service between Florida and Puerto Rico, chairs the group, SEA/LNG.
In addition, the Singapore Exchange confirmed the appointment of Mark Jackson as chief executive officer of the nearly 275-year-old Baltic Exchange, effective Jan. 31, 2017, according to a joint statement […]
U.S. steel exports reached 795,318 net tons in September, falling 2 percent from September 2015, while U.S. steel imports totaled 2.74 million net tons, falling nearly 20 percent from last […]
Jeffrey S. Musser, the president and chief executive officer of Expeditors International, said the company shipped record volumes in both air and ocean freight during the quarter.
U.S. Customs and Border Protection agriculture specialists at the George Bush Intercontinental Airport in Houston found multiple egg masses and pests inside a commercial shipment of fresh Brazilian papayas.
CSX names vice president-industrial products, while Target appoints former Walmart logistics executive to senior VP of network planning and operational design, and the European Sea Ports Organization elects its next […]
Federal Maritime Commission Chairman Mario Cordero said that as container carriers form new alliances and merge, they are seeking new powers, causing some nervousness among shippers.
Berkshire Hathaway-owned BNSF Railway Co. reported a net income of $1.02 billion in the third quarter of 2016 and $2.58 billion in the first nine months of the year, decreases […]
Matson said its profits for the third quarter of 2016 were lower than a year prior because volumes on its Hawaii and Alaska trade routes were “lower than expected due […]
Beef exports from the United States in September rose from a year prior due to stronger exports to Japan and South Korea, while pork exports picked up thanks to shipments […]
A federal court judge on Monday rejected a request by all-cargo aircraft operator ABX Air for a temporary restraining order against its pilots and their union.
The nation’s imports in September rose 4.7 percent from August to $47.6 billion Canadian, resulting from one large shipment of equipment from South Korea for the Hebron offshore oil project […]
California had the highest number of reported cargo thefts during the third quarter of 2016, accounting for 38 percent of reported incidents.
The U.S. Department of Transportation has tentatively selected American Airlines to operate a new daily nonstop service between Los Angeles and Beijing.
Hill Dickinson appoints first ever COO, while Absolute Worldwide Logistics hires managers for new Waycross, Ga. office.
Members of the planned ocean carrier alliance – Hapag-Lloyd, Yang Ming, NYK, MOL and “K” Line – said they plan to offer 31 services, utilizing 240 vessels to call over […]
The U.S. Commerce Department reported Friday the nation’s trade deficit in September fell 9.9 from a month prior amid stronger exports.
Based on trends from the last two years, growth in containership capacity will continue to outpace demand in the next few years despite record ship scrapping so far in 2016, […]
Transportation and logistics companies added 7,500 positions last month, following a revised 3,100-job loss in September, according to recent preliminary data from the U.S. Department of Labor.
BIMCO’s chief shipping analyst Peter Sand says “the tools to turn the container shipping industry around are being used and are working.”
Port says a softer U.S. dollar and big agricultural harvests resulted in a 20 percent increase in container exports in October.
The U.S. Department of Transportation released more than $90 million among Federal Aviation Administration grants to six airports to make improvements to runways, taxiways and aprons.
On a bright note, the port authority said it will be using a $1.6 million grant awarded by the U.S. Maritime Administration to improve the barge program that transports containers […]
Two Pakistani nationals were sentenced by a U.S. District Court after pleading guilty to charges of operating Internet sites to illegally sell and ship pharmaceuticals from Pakistan and the United […]
Two former aides to New Jersey Gov. Chris Christie could face 20 years in prison over their role in “Bridgegate,” which involved tying up traffic on the George Washington Bridge […]
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, MOL and NileDutch have announced freight rate increases.
Analysts predict higher volumes and rates, but offsetting coal traffic decline will be a heavy lift
The total value of cross-border freight between the United States and North American trading partners Canada and Mexico ticked up 0.7 percent in August 2016 following 19 straight year-over-year decreases, […]
Airfreight volumes rose 6.1 percent in September from a year prior, coinciding with a rise in new export orders, and also possibly due to one-off factors such as Hanjin’s insolvency […]
Rates from Shanghai to the Mediterranean, which hold a 10 percent weight on the index’s overall reading, fell 6.3 percent from last Friday to $738 per TEU.
Shipments of limestone on the Great Lakes totaled 3.3 million tons in October, down 3.5 percent from a year prior, according to the Lake Carriers’ Association.
The U.S. Court of Appeals for the Seventh Circuit in Chicago has ruled in favor of the Federal Motor Carrier Safety Administration’s proposed regulation that would require the use of […]
In addition to eliminating truck permit paperwork, the “Maryland One System” is expected to reduce the overweight hauling permit processing from days or weeks to hours.
The transportation management system provider entered into a partnership with Inolog to begin serving the United Kingdom, Ireland and other regions in Europe.
The Association of American Railroads said 1.07 million carloads were handled in October, down 5.1 percent year-over-year.
Revenues for the third quarter of 2016 rose 7 percent year-over-year, which Roadrunner CEO Mark DiBlasi said was largely related to the company’s ground expedite business.
Although the Malaysian ship owner reported lower profits and revenues for the third quarter of 2016 compared to a year prior, the company did have some notable accomplishments during the […]
ContainerPort Group appoints new CFO, while Milestone Chassis names manager for West Coast region sales.
The recent announcement on Japan’s three major ocean carriers – MOL, NYK Line and “K” Line – merging container operations has left the industry wondering if more consolidation is to […]
Effective Nov. 1, 2016, persons and organizations importing, handling or transporting crude oil into and within Canada are no longer legally allowed to use the older, less-reliable DOT-111 tank cars, […]
The Transportation Intermediaries Association appoints VP of education and DSV Road North America names president, while Chapman Freeborn selects chief commercial officer and the American Association of Port Authorities installs […]
The Customized Logistics and Delivery Association picks new executive director and the Alabama State Port Authority names board chairman, while the Port of Melbourne selects CEO and the Nautical Institute […]
The South Korean government revealed plans earlier this week to order more than 250 vessels and extend 6.5 trillion won in financing by 2020 to prop up a shipbuilding industry […]
Japan’s three largest shipping companies, which have agreed to merge their container divisions, have reported their financial results for the first six months of the fiscal year ending March 31, […]
The Hong Kong-based carrier transported 5.2 percent more containers in the third quarter of 2016 compared to a year earlier, but average revenue per TEU for the quarter fell 18.1 […]
Total deal value and volume in the transportation and logistics industry in third quarter 2016 fell 30 percent and 11 percent, respectively, from the previous quarter, according to a new […]
The Hong Kong-based carrier transported 5.2 percent more containers in the third quarter of 2016 compared to a year earlier, but average revenue per TEU for the quarter fell 18.1 […]
U.S. gross domestic product increased 2.9 percent in the third quarter of 2016, according to the “advance” estimate from the Department of Commerce, following a revised increase of 1.4 percent […]
The Shanghai Containerized Freight Index increased 11.3 percent from last week to a reading of 884.95, thanks to sharp increases from Shanghai to Northwest Europe and the Mediterranean.
Less-than-truckload holding company YRC Worldwide saw net income in third quarter 2016 slide 29.8 percent to $13.9 million, but earnings were still up 19.8 percent through the first nine months […]
The less-than-truckload carrier reported a net income of $85.6 million on revenues of $782.6 million for the third quarter of 2016, year-over-year increases of 1.4 percent and 0.4 percent, respectively.
The technology startup Otto and Budweiser have completed the world’s first shipment by a self-driving truck.
International Airlines Group subsidiary IAG Cargo had revenues of 240 million euros for the third quarter of 2016, down 7 percent from the third quarter of 2015.
Iranian national Mansour Moghtaderi Zadeh pleaded guilty Thursday to taking part in a conspiracy involving the purchase and shipment of aviation parts and supplies from the United States to Iran […]
DHL Supply Chain picks transportation president, while Kane Is Able names senior VP of transportation and solutions.
The Atlanta, Ga.-based shipping and logistics provider reported year-over-year increases in net income and revenues for the third quarter of 2016 despite pressure from changes in fuel surcharges and currency […]
The Northwest Seaport Alliance will release two new mobile applications, DrayQ and DrayLink, in early November as part of an effort to speed cargo flow through the ports of Seattle […]
A group led by the Competitive Enterprise Institute sent a letter to Congress calling the Surface Transportation Board’s proposal to increase reciprocal switching an “unlawful attempt to push the U.S. […]
The New-Zealand based company said the system is targeted at exporters and logistics companies needing to weight containers outside of ports and other high volume container hubs.
The freight broker and third-party logistics provider also said Wednesday it has completed the integration of truckload-oriented freight broker Command Transportation, LLC, which it acquired in June 2015 for $420 […]
The decision to lower the global cap on the amount of sulfur in marine fuel from 3.5 percent to 0.5 percent in 2020 could cause shipping costs to rise drastically.
The third-party logistics provider’s earnings per share for Q3 2016 fell short of analyst expectations, largely due to net revenue margin pressure as contractual sell rates fell faster than spot […]
The Class I railway’s net income rose 2 percent year-over-year in the third quarter of 2016 to $460 million, despite a weak coal segment.
The expansion will include a new runway to ease capacity constraints and could benefit the UK economy by as much as 61 billion British pounds and create as many as […]
Two German shipping companies that owned and operated the cargo vessel Nils B have pleaded guilty before a federal court in San Diego on Tuesday to charges of dumping oily […]
Gross profits for the first nine months of 2016 remained practically unchanged from the same period last year, since the growth in air freight volumes offset the drop in ocean […]
Although exports from Japan in September fell 6.9 percent from a year prior to 5.97 trillion yen, the decline was not as sharp as analysts had projected.
The Dubai-based container terminal operator posted a cargo throughput of 47.5 million TEUs at its container terminals in the first nine months of 2016, a 1 percent increase from the […]
The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected […]
PierPass, whose members consist of the 13 container terminals at the ports of Los Angeles and Long Beach, held a workshop last Thursday to evaluate extended gate options.
The total bill for bankruptcies and bailouts in South Korea’s ocean freight transportation and shipbuilding sector could also result in redundancies and layoffs of around 10,000 workers, according to a […]
The strong growth was largely due to an increase container trade between the port and Asia, which surged 19 percent year-over-year to 336,791 TEUs.
The Bonn, Germany-based parcel carrier said it will impose a 4.9 percent general average price increase for its U.S. account holders, effective Jan. 2.
The owner and the operator of the Gallia Graeca, a Greek ship that dumped oily bilge into the Pacific Ocean, were found guilty in June 2016 of violating the Act […]
The Netherlands-based third-party logistics provider has appointed Peter Waller chief finance officer and member of its executive board.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL and MOL issued freight rate increases.
In a recent decision, the U.S. District Court for the Southern District of New York (SDNY) found a Forward Freight Agreement (FFA) between two companies was not a maritime […]
No American shipper wants to experience a showdown between unionized dock labor and its employers any time soon. That’s why it’s now more important than ever for shippers […]
The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected […]
