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Michael Pram Rasmussen, chairman of the board of directors of Danish shipping conglomerate A.P. Møller – Mærsk A/S, is stepping down from his role as the company reported only its […]
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.
Third-party provider Yusen Logistics has purchased Transfreight Automotive Logistics Europe for an undisclosed sum in an effort to expand its vehicle transport support and operations offerings, the company said in […]
Deal also includes NPC Projects and MCC Marine Consulting & Contracting, which is active as a bunker and chartering broker.
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 […]
The likeliest outcomes for how infrastructure investment decisions will be made.
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 Taiwanese ocean carrier has sold 161 million new shares to the state-run National Development Fund, Taiwan Navigation and a handful of unnamed institutional investors, according to multiple media reports.
Since the opening of the Central American waterway’s expanded third lane, roughly 2 percent of vessel transits have resulted in incidents that damaged the ship or the canal locks themselves, […]
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.
The parcel giant plans to install solar panels at eight of its facilities in the United States by the end of 2017 and expects to increase the total solar power […]
The German ocean carrier has opened a new office in Dubai, United Arab Emirates to coordinate its business in the Persian Gulf region, taking over from long-time local agency partner […]
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.
The U.S. has pulled out of the Trans-Pacific Partnership trade agreement. But is that a wise decision? Experts differ on the manufacturing impact in the U.S.
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 Georgia Ports Authority sold the property at the Savannah River International Trade Park to accommodate growing customer demand for warehousing, distribution and transload facilities at the Port of Savannah.
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.
Over 80,000 applied for a chance to become a casual member of the International Longshore and Warehouse Union.
Projects include the separation of railroad tracks from major port roadways, the creation of a refrigerated cargo facility, and the expansion of the TraPac terminal.
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 […]
Unifor National Representative Mario Santos said “the bargaining committee worked around the clock to secure fair compensation for the workers.”
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 facility will be operated by AirLogistix USA and is expected to be operational this summer.
The two ships will primarily transport cattle and sheep from Australia, New Zealand and the United States to China, according to The West Australian.
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 […]
Starting in April, Hamburg Süd’s cargo will be shipped on vessels in the 2M network, a carrier alliance consisting of Maersk Line and MSC.
A shipment of snow peas was transported by a Crowley cargo ship from Guatemala to Port Everglades, and was then trucked to Miami International Airport where it was transloaded onto […]
The commissioners of the Pacific Northwest port on Thursday accepted the resignation of Chief Executive Officer Ted Fick in a special meeting called specifically to discuss his departure, according to […]
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 […]
A total of 668 vessels were broken on tidal beaches during the year in 2016, 87 percent of all tonnage dismantled globally, with German companies among the worst offenders, according […]
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 […]
All existing Login Logistics staff will be retained and Login President Steen A. Marcuslund will lead EPES International as managing director, EPES President Jason Bodford said.
A large sinkhole has appeared at Peel Ports’ £400 million (U.S. $494.9 million) Liverpool2 container terminal, which officially opened for business in November 2016, according to a report from the […]
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.
As many as 100 more Panamax vessels – containerships with a capacity of 4,000-5,000 TEUs – need to be scrapped before owners see any significant increase in demand and charter […]
BlueWater Reporting has illustrated how ocean carrier alliances have taken over the Asia-Europe and transpacific trades over the years, as independent carriers have all but disappeared from these trades.
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 […]
The e-commerce giant will build a new centralized airfreight hub at the Cincinnati/Northern Kentucky Airport (CVG) in Hebron, Ky. to support its growing fleet of Prime Air cargo planes, the […]
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 Canadian labor union said its 800 members will be in a legal strike position as of Feb. 6 at 12:01 a.m. eastern time.
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 […]
Danish shipping conglomerate A.P. Møller-Maersk A.S. is considering divesting its oil and gas assets in Brazil following the company’s decision last fall to split into two separate divisions, one focusing […]
France’s Total, the world’s fourth largest oil and gas company, will become a multi-fuel supplier for CMA CGM.
The Vancouver Fraser Port Authority has added new incentive criteria to its existing EcoAction program to include harbor due rate discounts for quieter vessels, making Canada the first country to […]
Logistics services provider OIA Global has acquired Union, N.J.-based freight forwarder American Cargo Express, with the expectation of increasing its presence in the Canadian market.
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 […]
American Roll-on Roll-off Carrier Group has brought the vessel Liberty into the American registry, making it the eighth U.S.-flag roll-on/roll-off ship in its fleet.
USA Truck names new chief executive officer and chief commercial officer, while Hansa Heavy Lift appoints managing directors and FourKites hires chief revenue officer.
Bond rating agency Moody’s Investors Services said the sale of Hanjin’s interest in Pier T, which accounts for 30 percent of the port’s revenue, is “credit positive.”
Mexico’s decision to phase out fuel subsidies could compel carriers to turn to surcharges
An internal investigation into roll-up transportation and logistics provider Roadrunner Transportation Systems’ financial reports has concluded that its 10-K SEC statements dating back to 2014 overstated earnings by between $20 […]
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 […]
Former Tyco International executive Girish Rishi, who will take over immediately from current chief executive officer Bal Dail, said he is excited about the potential to develop JDA’s last-mile analytics […]
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 […]
Cavalier Transportation Services, a provider of less-than-truckload and truckload services, brokerage and warehousing, will operate as a standalone business unit within TFI International.
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, […]
The South Floridian port is moving forward with a public-private partnership for a new logistics center, which is expected to be completed in April 2019.
“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.
Former Tyco International executive Girish Rishi, who will take over immediately from current chief executive officer Bal Dail, said he is excited about the potential to develop JDA’s last-mile analytics […]
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.
Of the 98 ships in Hanjin’s former fleet, 63 ships with close to 460,000 TEUs of capacity remain idle, 31 ships with 134,000 TEUs of capacity have been redeployed, and […]
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 Jacksonville, Fla.-based Class I railroad has entered into discussions with outgoing Canadian Pacific Railway chief executive officer E. Hunter Harrison, according to a report from the Wall Street Journal.
Members of the International Longshoremen’s Association on Friday slowed the movement of drayage trucks through the container yard at the Wando Welch Terminal in Charleston, S.C., in an apparent protest […]
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.
The French Mediterranean port reported a total throughput of 81 million metric tons of cargo for the year in 2016, on par with 2015 figures, even as it set a […]
Last year saw massive changes in container shipping, but will they benefit retailers and other shippers in 2017?
