News

The Athens, Greece-based containership lessor has entered into a Securities Purchase Agreement with Kalani Investments for the sale of up to 150,000 newly designated series B-1 and B-2 preferred shares, […]

The Port of Savannah’s Garden City terminal received the first of four new neo-Panamax ship-to-shore cranes, and the remaining three will arrive by late April.

The airfreight carrier’s cargo volumes from Europe to Asia Pacific jumped 23 percent in the first two months of 2017 thanks to “widely reported” capacity constraints in ocean shipping, according […]

The Washington State Supreme Court decision affirmed an appellate ruling that found the port’s lease with Vancouver Energy for a proposed crude oil transfer terminal complies with the State Environmental […]

The express airfreight carrier division of FedEx Corp. will commence a new freighter service between subsidiary TNT Express’ air hub in Liège, Belgium, to the FedEx World Hub in Memphis, […]

The global seafood supply chain is a complex one, and is challenged by various headwinds that can be costly to the industry.

Since the dawn of the shipping industry, brokers, carriers and shippers have struggled with rate price swings, sometimes due to conditions outside their control, such as weather or politics. TransFX, a Chattanooga-based company located in Freight Alley, is trying to help change that by offering “freight futures contracts.”

Panelists at JAXPORT conference wade through weighty trade and domestic policy issues facing freight world

The Memphis, Tenn.-based integrator posted a net income of $562 million on revenues of $15 billion for the third quarter of its fiscal year 2017, which ended Feb. 28, year-over-year […]

One intermodal chassis provider, however, the North American Chassis Pool Cooperative, will maintain its current pricing for both pool and premium chassis despite increased labor costs and inventory and fleet […]

Shipment volumes for the month grew 7 percent from January and 1.9 percent from February 2016, according to the latest Cass Freight Index Report.

Meanwhile, Crowley Maritime Chairman and CEO Tom Crowley said the company will receive three ship-to-shore gantry cranes at its Isla Grande Terminal in Puerto Rico, and two cryogenic tanks at […]

The partnership has designated Lineage Logistics as the exclusive third-party logistics provider to manage customers’ food and beverage supply chains using BluJay’s transportation management solution.

​​Canadian National Railway (CN) and the International Brotherhood of Electrical Workers (IBEW) System Council 11 have tentatively agreed to renew their labor agreement covering around 700 signals and communications employees […]

The seasonally adjusted For-Hire Truck Tonnage Index slipped 0.1 percent compared with the previous month to a reading of 138.7, following a revised 2.9 percent increase in January, according to […]

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem met with Panama President Juan Carlos Varela to explore logistics and industrial parks, and other opportunities relating to the expanded […]

The New York City-based startup said the booking system allows carriers to reduce deadhead miles, wait times, and time spent searching and negotiating for a load.

Port of Portland, Ore. hires marine marketing director, while IFCO North America appoints director of food safety and quality.

The U.S. Department of Justice served several container shipping lines with subpoenas last week in Sausalito, Calif., where their top executives were attending industry meetings.

As the next generation of the Fuller and Quinn families take on leadership roles of U.S. Xpress, data is becoming more important than ever. Eric Fuller, who succeeds his father Max as CEO, says that technology is poised to change the industry in ways never before imagined.

The AAPA and CAGTC have issued separate statements decrying President Donald Trump’s proposed 2018 discretionary budget, which would eliminate funding for the Transportation Investment Generating Economic Recovery (TIGER) grants program.

Roughly 18 percent of Union Pacific employees have been trained on positive train control operations, including engineers, conductors, dispatchers, maintenance of way engineering, mechanical, signal, telecom and information technology workers.

Seaspan Chief Financial Officer David Spivak said liner companies want to deal with larger charter owners, which could benefit Seaspan, since its 9 percent share of the global leased containership […]

Amazon is planning to offer China-based sellers the ability to ship their goods internationally as air cargo, but it is not clear whether the retail giant would be booking airspace […]

Truckload pricing slipped another 0.8 percent for the month compared to February 2016, the 12th consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.

In the latest reminder of the safety concerns surrounding these batteries, a woman was injured on a recent flight from Beijing to Melbourne when her battery-powered headphones exploded while in […]

The Dubai, United Arab Emirates-based port terminal operator posted a profit of $1.13 billion on $4.16 billion in revenues for the year, increases of 27.6 percent and 4.9 percent, respectively, […]

Intermodal pricing in February 2017 increased 4.9 percent compared with the same 2016 period, just the fifth year-over-year increase since December 2014 and the largest since January 2012, according to […]

Crowley Maritime Corporation signed a multi-year stevedoring and terminal services agreement with Penn Terminals to accommodate its weekly Northeast container shipping service to and from Puerto Rico.

The third-party logistics services provider has acquired a two-story, 177,000-square-foot warehouse near Singapore’s Changi International Airport for about $18.25 million.

Kansas City Southern (KCS) said in a statement it “respectfully disagrees” with a preliminary report from Mexico’s Federal Economic Competition Commission (COFECE) that found a lack of competition between KCS […]

The European Commission has re-adopted a cartel decision against 11 air cargo carriers and imposed fines totaling more than 776 million euros (U.S. $834.44 million) after the EU competition watchdog’s […]

Spain’s Popular Party pushed for the law-decree by arguing it was needed to comply with European standards and anti-trust rules, but critics said it would lead to worse labor conditions […]

A recent opinion and order stemming from the litigation resulting from the 2012 explosion and fire aboard an MSC containership highlighted the roles of intermediaries and documentation in the transport […]

The Georgia Ports Authority handled 330,539 TEUs in February, with total cargo tonnage reaching 2.94 million tons, year-over-year increases of 7.7 percent and 10 percent, respectively.

This summer the company says it will delivery in three days or less on 20 million eligible items, and that millions will offer free shipping.

Paperless solutions provider essDOCS said eCertify will continue to operate as a separate company, but will be supported by essDOCS’ global footprint.

The National Transportation Safety Board names acting chairman, while American Airlines Cargo appoints managing director of Florida, Caribbean and Latin America and 10-4 Systems names board chairman.

Each week, the industry sees the introduction of new technologies and regulations along with information that affects how each carrier, shipper, and 3PL operates. Each Friday, FreightWaves will provide a look back at some of the industry’s top stories you may have missed. 

In addition to a 13 percent cut in funding for the U.S. Department of Transportation, a 2018 budget proposal released yesterday by President Trump’s administration would completely eliminate the TIGER […]

​​Canadian Pacific Railway and the United Steelworkers Local 1976 have reached a tentative five-year labor agreement covering around 600 administrative support and intermodal employees in Canada.

Rates from Shanghai to Europe declined 4.7 percent since last week, from $859 per TEU to $819 per TEU, while rates from Shanghai to the Mediterranean fell 4.3 percent, from […]

Four people were reportedly hurt in gun battle that ensued when a boat tried to provide a small bunkering tanker with supplies.

The short line railroad, which serves the ports of Los Angeles and Long Beach, is testing locomotives to verify compliance with EPA Tier 4 standards.

Major seaports in the United Kingdom handled 117.2 million metric tons of freight in the fourth quarter of 2016 and 473.5 million metric tons for the full year, according to […]

Ocean carriers entering the market in 2010 and 2011 had a tough time, but SM Line said it believes it is timing its entrance into the transpacific market well, noting […]

With truck driver turnover approaching and even surpassing 100% at times, costing carriers thousands of dollars to replace them, many fleets are doing what they can to keep their current drivers. This includes increasing pay and benefits, but one company thinks it has a better way and it starts with communication. 

Florida-based forwarder settles with $27 million penalty after willfully committing EAR violations

In addition, Hong Kong-based Orient Overseas Container Line is scheduled to receive a series of 20,000-TEU ships later this year.

Class I freight railroads had installed positive train control on 16 percent of required track as of Dec. 31, 2016, up from 12 percent in the third quarter 2016, according […]

Global investment management firm Arcapita said the transaction, together with the eight warehousing facilities it acquired last year in the Al Quoz Industrial Area of Dubai, is bringing the value […]

There were no injuries to the crew or the public, no releases and no impacted motorist grade crossings from the train derailment that occurred early Wednesday morning in Lake Forest, […]

The Singapore-based ocean carrier, now a subsidiary of France’s CMA CGM, will commence an intra-Asia service between China, Korea, Taiwan and the Philippines with the first sailing departing from Xingang […]

The Antwerp-based independent tanker company recorded a $204 million profit on revenues of $684.3 million for 2016, year-over-year declines of 41.8 percent and 19.2 percent, respectively.

American Trucking Associations promotes four staffers and hires new vice president of creative services and new director of marketing, while Xeneta appoints director of value engineering, and SmartTruck names vice […]

South Korean ocean carrier Hyundai Merchant Marine said it expects to save costs and boost competitiveness through the “2M+H Strategic Cooperation,” which was signed Wednesday in Sausalito, Calif.

Amazingly, there’s one area of the country where more than 80% of the nation’s freight travels through on its way to its final destination. It’s not Chicago, New York or Dallas. It’s not even in the center of the U.S. Meet Freight Alley. 

Industrial real estate patterns provide a clue of how freight flows are shifting

The Atlanta-based parcel giant will build an additional six compressed natural gas (CNG) fueling stations, and add 390 new CNG tractors and terminal trucks, along with 50 liquefied natural gas […]

German conglomerate Dr. August Oetker KG said the deal may take place at the end of the year, subject to regulatory approval.

The A.P. Møller-Maersk Group subsidiary has partnered with Norsepower Oy, The Energy Technologies Institute, and Shell Shipping & Maritime to install and test Flettner rotor sails on a Maersk Tankers’ […]

The port attributed the 12.4 percent year-over-year decline in February box volumes to the timing of Lunar New Year, but volumes were still higher than the most recent 5-year average […]

The Singapore-based ocean carrier, now a subsidiary of France’s CMA CGM, will purchase slots on the Japan Express (JPX) service, jointly operated by NYK and OOCL.

The new center will primarily work to provide overseas e-tailers with fast and flexible shipping solutions, integrating inbound freight, inventory and last-mile delivery in a one-stop solution, DHL said.

The Chicago-based logistics company said it will offer truckload, less-than-truckload, intermodal brokerage and transportation management services to shippers through the new office in Guadalajara, Mexico.

Ascent Global Logistics appoints vice president of strategic accounts for Marisol International, while GSC Logistics hires senior manager of sales and business development and OSM Maritime Group name two new […]

Weather disruptions such as Winter Storm Stella that is dumping up to 2 feet of snow on the Northeast today can have a ripple effect throughout the supply chain, driving up rates as freight pickups and deliveries are delayed and cancelled.

UPS Inc. Chief Executive Officer David Abney’s pay grew another 21 percent for the year after a 35 percent raise in 2015 and a nearly 105 percent increase in 2014, […]

Major container ports in the United States handled an “unusually high” 1.67 million TEUs in January 2017, up 12.5 percent from the previous year, according to the Global Port Tracker […]

The bunkering tanker Aris 13 was hijacked by pirates off the coast of Somalia Monday.

The U.S. maritime regulator said the group will work to identify burdensome, unnecessary and outdated directives, and recommend how they should be remedied.

MatchBack Systems forms board of directors, while Swissport International names CEO of Swissport UK & Ireland, and V.Group appoints non-executive directors to board.

Ports along the mid-Atlantic coast all the way up to New England have been impacted by the winter storm, and have altered operations accordingly.

The chemical industry is projected to see increased costs due to excess inventories, larger capital expenditures, and higher operating costs, according to a study performed for the American Chemistry Council […]

The Port of Oakland handled less container volumes in February compared to a year earlier due to inclement weather and the Lunar New Year, which began Jan. 28 this year.

During the month, Mexico was the top market for U.S. pork and lamb exports in terms of volume and value, while Japan was the leading market for U.S. beef exports.

This past Thursday, there were 39 grain vessels in the Columbia and Willamette rivers waiting to load, when normally, there are 12 to 15 vessels.

The South Carolina Ports Authority broke ground on Inland Port Dillon, which is slated to open in early 2018.

The mid-Atlantic port saw monthly container throughput slip 0.2 percent to 220,726 TEUs compared with the previous February, while overall cargo tonnage grew 3.3 percent year-over-year to 1.71 million tons.

The 10-month graduate program will be taught in English, and will take place in Asia, Europe and North America.

The terminal operator signed an addendum to the original concession agreement with the Port of Gothenburg on Sweden’s west coast to invest an additional SEK 250 million through 2024 at […]

Orient Overseas (International) Ltd. Chairman C.C. Tung said 2016 saw some of the most difficult markets and an overhang of capacity.

Cloud-based tech to help ‘manufacturers gone retailers’    Insightful perspective! I can vouch for Eric Johnson’s predictions in his commentary last month (March 2017 American Shipper, “CIO Insight: When manufacturers […]

The new South Korean carrier has started two of five planned intra-Asia strings this week, is commencing a transpacific service in mid-April, and reportedly wants to launch a service to […]

The Netherlands-based third-party logistics provider posted a loss of $159 million in 2016 compared with a $195 million loss the previous year as revenues fell 4.5 percent to $6.65 billion, […]

Transportation and logistics employment rebounded in February 2017 following a revised loss of 10,200 positions in January, according to recent preliminary data from the U.S. Department of Labor.

Although proponents of the proposed border adjustment tax argue American corporations have nothing to fear, many importers find that to be far-fetched.

In addition, the Lake Erie port’s board of directors approved a one-year agreement with Federal Marine Terminals, Inc.

The global logistics provider recorded a net profit of KD 59.1 million on revenues of 1.23 billion for 2016.

The German freight forwarder said the move is slated for October and will consolidate and centralize regional management functions in one central location.

The Danish container shipping line said the order will help it meet sustainability goals and stay ahead of new legislation by the European Union.

A University of Michigan study found that only 9.7% of those surveyed said they have no concerns about fully autonomous vehicles. But what about driving alongside an 80,000-lb. autonomous big rig? These are already being tested on roads and could be operational within five years. Is the industry ready for the disruption autonomous trucks will cause?

While much attention has been paid to autonomous trucks recently thanks to startup companies such as Otto, Embark and Startsky Robotics, many forget that the first company to test an autonomous vehicle in highways was truck manufacturer Daimler Trucks North America. Here is a look at the Freightliner Inspiration.

At least four people were killed and dozens more were injured Tuesday afternoon when a CSX train slammed into a charter bus full of tourists that had gotten stuck on […]

Israeli ocean carrier ZIM Integrated Shipping Services has nominated Eli Glickman to serve as its next president and chief executive officer following the departure of long-time CEO Rafi Danieli, the […]

The port attributed the 11.2 percent year-over-year decline in February’s container volumes to reduced economic activity in Asia associated with the Lunar New Year.

The Jacksonville Port Authority’s governing board on Wednesday voted to accept Chief Executive Officer Brian Taylor’s resignation, and appointed Eric Green, current senior director of government affairs for the North […]

Roadrunner Transportation Systems has formed a new temperature-controlled transportation division by combining M. Bruenger and R&M Transportation into a single operation, the company said in a statement.

In an industry first, the vessel sharing agreement between Hapag-Lloyd, Yang Ming, NYK, MOL and “K” Line, also established an independent trustee to manage funds to be used in the […]

Georgia Ports Authority and Maher Terminals, which operates the largest terminal at the Port of New York and New Jersey, have been granted approval to foreclose on Hanjin’s shipping containers […]