Stay up to date on your No. 1 source for the latest logistics, freight and transportation news from FreightWaves, your award-winning source for transportation news. Subscribe now.
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 […]
Federal Maritime Commission Acting Chairman Michael Khouri said the change will eliminate requirements that were obstacles to efficiency and added unnecessary costs.
The Bonn, Germany-based parcel carrier and logistics provider saw consolidated net profits soar 71.4 percent to 2.64 billion euros for the year, even as revenues slipped 3.2 percent to 57.33 […]
The Jacksonville, Fla.-based Class I railroad started the process of laying off around 1,000 employees yesterday, according to a report from local NBC/ABC affiliate First Coast News.
The Berkshire Hathaway-owned Class I railroad has agreed to clean up coal and petroleum coke spilled from open-top rail cars, as well as pay $1 million to fund environmental projects […]
The global port terminal management and logistics subsidiary of Yildirim Group handled 3.93 million TEUs at its container terminals for the full year in 2016, according to a statement from […]
The French Mediterranean port handled 1.25 million TEUs for the year, a 3 percent increase from 2015 and a new record for the port, according to a statement from the […]
American Airlines names new president of cargo and vice president of global sales, while Wen-Parker Logistics hires U.K. sales manager.
In a world of volatile diesel fuel prices that rise and fall on a daily basis, the biggest operational variable for any trucking fleet is not within their control. Nikola Motor is promising to change that with its hydrogen-powered electric tractor. U.S. Xpress, is one fleet that believes the future may be hydrogen.
The New York-based consulting firm suggested shippers carefully reexamine their procurement strategies to ensure supplier diversity, make sure they use multiple alliances, and study carriers’ financials.
International Shipholding’s reorganization plan, in which it will be owned by SEACOR Ocean Transport Inc., is expected to become effective in the second quarter of this year.
Shippers and logistics service providers continue to improve the nature of their strategic relationships, recognize the value of technology and innovation, and forecast growth outside their traditional businesses, according to […]
The Port of Richmond, Calif., known for its history as a shipbuilding center during the Second World War, now handles a wide mix of cargo, and is especially known for […]
A European Union court on Tuesday struck down a 2013 decision by the European Commission to block the parcel giant’s planned takeover of Netherlands-based express carrier TNT Express, which was […]
Maersk and IBM said they intend to work with a network of shippers, freight forwarders, ocean carriers, ports and customs authorities to build the new global trade digitization solution, which […]
However, volumes carried by Latin American airlines fell 4.1 percent year-over-year in January, as the region continues to be blighted by weak economic and political conditions.
The Japanese ocean carrier could face a fine of as much as 10 percent of its annual revenues for its alleged involvement in a price-fixing scheme for auto shipping in […]
The appointment of outgoing Canadian Pacific Chief Executive E. Hunter Harrison as CEO of Class I railroad CSX is still contingent on a shareholder vote over $84 million in benefits […]
After talks between the Class I railway and hedge fund Mantle Ridge to install outgoing Canadian Pacific Chief Executive E. Hunter Harrison seemed to stall out in the past few […]
The shipping research and consulting firm said container carriers have a “golden opportunity to smooth out the capacity peaks in the coming years” by deferring the delivery of the ships […]
Eric Johnson, Research Director and IT Editor of American Shipper, has analyzed the concepts of “sentient supply chains” and “plug-and-play supply chains.”
The bipartisan bill would require up to 30 percent of exports of liquefied natural gas and crude oil to travel on U.S.-flag vessels.
The largest port on the U.S. East Coast handled 517,668 TEUs of containerized cargo in January 2017, a new monthly record, according to the most recent figures from the Port […]
AsepTrans, the only aseptic international standards organization (ISO) tank operator in the world, will double Odyssey’s ISO tank fleet of intermodal ISO tanks and ISO tank chassis.
UPS hires director of global affairs, while the Association of American Railroads names new press secretary.
The rebranding has stemmed from Kewill’s acquisition of cloud-based TMS provider LeanLogistics last year and focuses the company on joint global trade networks and associated tools.
For anyone involved in the movement of goods, weather plays a great unknown. It can cause delays and even cancelled orders, which means lost revenue. But one company is trying to help identify potential weather issues so vehicles can be safely rerouted.
Stevedores’ unions in Spain have been protesting against a proposed law to reform the Spanish Ports Act, and have issued strikes between March 6 and March 25.
The London-based shipping research and consulting firm has examined the correlation between carrier terminal ownership and the choice of port calls by the 2M Alliance, and the upcoming alliances in […]
Berkshire Hathaway-owned BNSF Railway Co. reported a net income of $4.3 billion on $19.3 billion in revenues for the full year in 2016, decreases of 13.3 percent and 9.9 percent, […]
The Doric Warrior, a 93,115-dwt bulk carrier, delivered steel slabs from Tuapse, Russia on the Black Sea to the new Paulsboro Marine Terminal along the Delaware River on Thursday.
Spot rates declined from Shanghai to Europe, the Mediterranean and the United States since last Friday.
Total cross-border trade between the United States, Mexico and Canada ticked up 0.4 percent in December 2016, the third year-over-year increase in the past five months, according to the Department […]
Members of the International Longshore and Warehouse Union had failed to report for work to unload a Pasha ship in Hawaii.
Net orders for North American Class 8 trucks totaled 22,900 units in February 2017, up 5 percent from the previous month and 28 percent from the previous year, according to […]
With capacity in the ocean carrier industry continuing to outstrip demand levels, many are left wondering what carrier is next in line for a merger or acquisition.
The Israeli ocean carrier’s revenues for the fourth quarter of 2016 totaled $653.5 million, down from $687 million for the fourth quarter of 2015.
The International Maritime Organization’s 0.5 percent sulphur cap regulation, set to go into force in 2020, could cause shipping industry fuel costs to jump by as much as $60 billion […]
Consolidated net profits for the year dropped 40.7 percent to 52.3 million Swiss francs compared with the previous year as tight peak season airfreight capacity and the collapse of South […]
The Shippers’ Advisory Committee said change is needed, and that all sectors of the air cargo supply chain industry must work together to drive the adoption of new technology and […]
Combined United States carload and intermodal cargo volumes increased for the fourth consecutive month in February 2017 following several months of year-over-year declines, according to data from the Association of […]
DASH Critical & Medical, which offers real-time tracking and monitoring of any eligible shipment, is available from 10 locations nationwide, with service to 89 mainland U.S. destinations and Hawaii.
United States gross domestic product increased 1.9 percent in the fourth quarter of 2016, according to the “second” estimate from the Department of Commerce, down from a 3.5 percent growth […]
The containership owner and charterer recorded a loss of $139 million on revenues of $877.9 million for the full year of 2016.
The deal is increasing Direct ChassisLink’s fleet of owned, leased and managed chassis to approximately 133,000.
Kuehne + Nagel CEO Dr. Detlef Trefzger said the global third-party logistics provider increased market share in all business units in 2016.
The Montreal, Quebec-based supply chain solutions provider saw net profits jump 63.5 percent from the prior year period to $888,000 Canadian as revenues grew 11.5 percent to C$17.4 million, according […]
Virgin Atlantic Cargo is launching a new daily service from London to Seattle, and additional flights from Manchester to the United States in 2017.
IAG Cargo appoints chief financial officer, while INTTRA hires president of Asia Pacific, and American Trucking Associations elects general chairman and treasurer of its Technology & Maintenance Council.
The Feb. 27 news report “MPA gets green light to purchase land for Seagirt expansion,” indicated the land purchase was part of a $1.3 billion public-private partnership between MPA […]
The World Shipping Council has warned of unintended consequences that would be detrimental to shippers if a rule was adopted that would limit situations in which detention and demurrage may […]
The required implementation of electronic logging devices later this year has created plenty of worry within industry circles. Beyond the logistics of installing the devices, though, carriers and shippers need to be worried about the business impact: specifically lost productivity and rising rates.
XPO Logistics CEO Brad Jacobs commented on the contentious relationship between the union and his company after Teamster-affiliated protesters burst into one of the morning sessions at JOC’s TPM Conference […]
The deal will give Hyundai Merchant Marine access to the intra-Asia networks of Heung-A and Sinokor.
The primary federal funding mechanism for transportation infrastructure projects will run out of money once the FAST Act expires in 2020, according to Bud Wright, executive director of the American […]
The Commerce Department issued a report listing best practices ports should consider adopting to optimize efficiency and improve competitiveness in the face of capacity constraints associated with larger cargo ships […]
Hyundai Heavy Industries’ shareholders on Monday voted to approve the company’s restructuring plans despite strong union opposition.
A significantly lower average freight rate drove Hapag-Lloyd’s revenues down 12.5 percent year-over-year in 2016 to 7.7 billion euros.
Without clear carbon controls from the International Maritime Organization, the shipping industry may have to adhere to multiple sets of regional regulations, according to Esben Poulsson, chairman of the International […]
The Warren, Mich.-based trucking carrier and third-party logistics provider saw net income plummet 39.2 percent year-over-year to $24.2 million as revenues slid 5 percent to $1.07 billion, according to the […]
The warehousing and food logistics company will add 6.5 million cubic feet of capacity to its Clearfield, Utah facility.
Under the newly expanded contract, Worldwide Flight Services will handle up to seven direct flights a week connecting Chicago with Taipei, and an estimated 56 million kilos per year.
The Pacific Northwest port said it hopes to restore container service at Terminal 6
International Longshoremen’s Association President Harold Daggett said he will seek help from Congress in union disputes with the South Carolina Ports Authority and the Waterfront Commission of New York Harbor.
The air cargo services provider posted a net income of $41.5 million for the full year in 2016 after reporting losses in two consecutive quarters as expenses related to a […]
The state Board of Public Works gave the Maryland Port Administration the go ahead to spend up to $92.5 million to acquire a 103-acre parcel at Point Breeze for Port […]
The Israeli ocean carrier will launch the ZIM Med Pacific and the India Med Express loops in April.
The digital global freight rate marketplace provider announced the beta launch of the Freightos International Freight Index (FIFI).
The U.S. Justice Department said Friday that 11 individuals and one foreign company have been charged by the Treasury Department for their role in illegally exporting goods to Syrian Arab […]
The Georgia Ports Authority handled 3 million tons of cargo in January, with bulk cargo at the Port of Brunswick more than doubling January 2016 figures.
IAG Cargo posted revenues of 1.02 billion euros for 2016, a 6.6 percent drop from 2015.
China COSCO Shipping signed a strategic partnership agreement with Chery Automobile last Friday.
The NYK Group’s third-party logistics subsidiary recently opened a new 53,820-square-foot logistics center near Celaya, Mexico, in an effort to meet increased demand from domestic and international automotive customers.
The U.S. Federal Maritime Commission has received four ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received four ocean transportation intermediary license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from Sol Intercargo, Miami […]
The U.S. maritime regulator has received four ocean transportation intermediary license applications and changes for review.
FMC reviews 4 OTI license applications
The U.S. Federal Maritime Commission has received four ocean transportation intermediary license applications and changes for review.
The two ports says the plan is an “innovative collaboration that will allow us to find new ways to become more efficient and effective.”
The Agriculture Transportation Coalition, National Industrial Transportation League and National Retail Federation expressed concerns over a threatened work stoppage at East and Gulf Coast ports by members of the International […]
Waymo, the automated vehicle subsidiary of Google parent Alphabet, has filed a lawsuit against Uber, alleging intellectual property theft and patent infringement by the co-founder of its recently purchased self-driving […]
The Justice Department said a federal jury in Charleston, S.C. on Wednesday convicted two chief engineers of the vessel Green Sky of falsifying documents to conceal illegal discharges of oily […]
However, the Seattle-based global logistics company’s net earnings attributable to shareholders slipped 3 percent year-over-year during the quarter to $110.6 million.
Although rates from Shanghai to Europe and the Mediterranean increased since last Friday, rates from Shanghai to the United States declined.
Railway employment levels in the United States have now fallen in 19 of the last 21 months, according to recent data from the U.S. Surface Transportation Board.
The Port of Oakland will increase the height of four to six cranes at SSA’s Oakland International Container Terminal.
The chassis leasing company will roll out TRAC Select in 20 locations across the United States.
The Chattanooga, Tenn.-based third-party logistics provider said the app increases supply chain visibility by photo-documenting shipments to improve compliance and reduce costs.
The recently formed container carrier subsidiary of South Korea’s Samra Midas Group will launch a service between Busan and ports in China, Thailand and Vietnam in advance of a full […]
Prologis U.K. Logistics Venture will be 85 percent owned by CBRE clients and 15 percent owned by Prologis.
Redwood Logistics names senior vice president of strategic sales, while Reading & Northern Railroad hires SVP of coal, Port of New Orleans adds a board member and CenterPoint Properties appoints […]
After explosive growth in the last several years, could declining volumes be a sign of things to come?
Those on both sides of the freight business have struggled for years with volatile shipping rates. Contracts get locked in for months or more with no assurance that the contract will reflect current prices when loads are delivered. TransVix believes part of the solution to this problem is the creation of a Trucking Futures Exchange.
Meanwhile, the parcel giant and third-party logistics provider also announced plans to offer Saturday delivery options in large metropolitan areas in the U.S., and has began testing a residential drone […]
The e-commerce giant will add 2,000 new full-time positions at two new California fulfillment centers and more than 5,000 jobs in the United Kingdom during 2017.
Prior to going bankrupt, Hanjin Shipping had chartered five, 3,400-TEU vessels and eight, 10,100-TEU vessels from Danaos.
The Waco, Texas-based less-than-truckload common carrier’s purchase of certain assets of Wilson Trucking expands Central Freight Lines’ reach into the southeastern United States and Puerto Rico, the company said in […]
APL said it will offer day-definite arrival of shipments using its Eagle Express service from ports in the Far East to rail yards in Chicago, Columbus, Dallas, El Paso, Kansas […]
The largest cargo gateway on the U.S. East Coast handled 4.56 million TEUs of loaded containers for the full year, a 1 percent decline from 2015 levels, according to recent […]
The Memphis, Tenn.-based integrator’s airfreight subsidiary extended its contract for air transportation services with the United States Postal Service through Sept. 29, 2024, FedEx said in a statement.
