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Hyundai Merchant Marine said it expects to receive funding from a new South Korean government shipping entity, which will buy and charter back vessels to the shipping company.
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 Pacific Northwest port has elected interim Chief Executive Officer Julianna Marler, who has held the post since May 2016 following the resignation of then-CEO Todd Coleman, to the permanent […]
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 new Landstar U.S./Mexico Logistics Service Center’s yard is capable of holding over 450 trailers, 2.5 times the capacity of its previous Laredo facility.
The Florida Department of Transportation announces secretary resignation, names interim secretary, while CenterPoint Properties hires vice president of investments.
Ocean carrier Yang Ming said it anticipates the Taiwanese government’s share in the carrier will increase well beyond the current 33.3 percent held by the Ministry of Transportation and Communications […]
The world’s largest manufacturer of shipping containers has advised shareholders and potential investors to exercise caution when dealing with its shares.
Walter Kemmsies, managing director, economist and chief strategist for JLL Ports, Airports and Global Infrastructure, discussed how interest rates are on the rise and the effects this could have on […]
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 […]
Japanese financial services firm Orix Corp. said the company decided to increase its exposure to shipping industry debt because it sees the “current market conditions as a favorable investment opportunity,” […]
The Israeli ocean carrier will launch its ZNP loop in April 2017, connecting ports in Southeast Asia and China to Vancouver, Canada.
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.
Railway employment levels in the United States have now fallen in 18 of the last 20 months, according to recent data from the U.S. Surface Transportation Board.
The Memphis, Tenn.-based integrator moved up the previously announced appointment of David Bronczek as president and chief operating officer from the beginning of 2018 to Feb. 1, 2017, the company […]
The integration solution gives McLeod PowerBroker users access to project44’s less-than-truckload API-based transportation solutions.
Hong Kong Air Cargo Terminals Ltd. handled a total of 1.65 million metric tons of airfreight for the full year in 2016, a record for the terminal operator and a […]
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.
Just 10 percent of longshoremen requested by terminal operator employers came to work on Friday, bringing vessel operations to a near standstill at the Northern California port, according to port […]
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 […]
Shares in the Jacksonville, Fla.-based Class I railroad jumped 23.4 percent on Thursday to close at $45.51 following reports outgoing Canadian Pacific CEO E. Hunter Harrison could be eyeing CSX […]
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.
Washington law firm Akin Gump said Kevin J. Wolf, who most recently served as the Commerce Department’s assistant secretary for export administration, joined its international trade practice.
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 Icelandic ocean carrier has entered into an agreement to purchase three 2,200-TEU ice-class vessels from Guangzhou Huangpu Wenchong Shipyard in China, with an option for three more, according to […]
Global professional services company Accenture will acquire the corporate advisory and aviation consulting business of Seabury Group.
Amsterdam Airport Schiphol reported a cargo throughput of 1.66 million metric tons for the full year in 2016, a 2.5 percent increase compared with 2015 and a record for the […]
The Jan. 17 news report “Port of Duluth-Superior wraps up shipping season,” said the yearly closure and re-opening of the Soo Locks is dependent on the weather and the […]
Gene Seroka, executive director at the Port of Los Angeles, said 2016 was an “epic” year, and in 2017, the port will focus on improvements in process management, information technology […]
Yang Ming responded by saying it has unwavering support of Taiwan’s government and has “proactively reorganized internally to effectively reduce its operating costs.”
Orient Overseas Container Line’s parent company said it is not aware or involved in any bid relating to the company or OOCL.
Kansas City Southern’s net income fell 1.1 percent to $479.9 million for the full year in 2016 on revenues that slid 3.5 percent compared to the previous year, according to […]
Now that the European Shippers’ Council (ESC) has rejoined the Global Shippers’ Forum, ESC Chairman Denis Choumert is hopeful the Asian Shippers’ Association and other Asian shipper groups will work […]
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.
The freight visibility software provider said it will be aggressively pursuing plans through 2017 to introduce support for additional modes of transportation.
Truckload pricing dipped another 0.9 percent for the month compared to December 2015, the tenth consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
The Lowell, Ark.-based intermodal and trucking provider’s net earnings for 2016 inched up 1.1 percent from 2015 to $432.1 million.
Intermodal pricing increased 1.5 percent for the month compared with the same 2015 period, just the third year-over-year increase since December 2014, according to the latest Cass Intermodal Price Index.
Online freight forwarder iContainers already had offices in Florida, India and Spain prior to the opening of its newest office in Rotterdam.
Warren T. Burns, a partner at the Dallas-based law firm Burns Charest, which has represented shippers, said the decision was inconsistent with the position taken by the Federal Maritime Commission and […]
Hunter Harrison, retiring president and CEO of the Calgary-based Class I railway, has apparently decided to cut his remaining time with the company short, and may be eyeing U.S. railroad […]
Terminal Investment Limited – jointly owned by MSC and Global Infrastructure Partners – will become the largest owner of Total Terminals International, which Hyundai Merchant Marine will also own a […]
The German ocean carrier upped the size of a five-year bond from 150 million euros to 250 million euros.
Shipment volumes for the month slid 1.2 percent from November, but were up 3.5 percent compared with the same 2015 period following a 0.5 percent year-over-year decrease the previous month, […]
Investment firm Ridgemont Equity Partners will purchase third-party logistics provider Worldwide Express and merge it with portfolio company and fellow 3PL Unishippers Global Logistics to create a new firm called […]
The Omaha, Neb.-based Class I railway posted a net income of $4.2 billion for 2016, an 11 percent decline from 2015.
Global trade management solutions provider GTKonnect has acquired ECCNSelect software and its patented technology platform for ECCN determination and management.
The Geneva, Switzerland-based carrier said the seasonal call will be added to its NWC-SAEC I service in August, and will be of particular interest for melon exporters.
DHL Global Forwarding appoints head of operations in Hong Kong and Macau, while FourKites adds to management team, GAC announces new C-level appointments, and Centiro names vice president of sales […]
COSCO may make a bid of more than $4 billion for Hong Kong-based Orient Overseas Container Line, according to various media reports.
The deployment of ultra-large containerships has not only increased average vessel size on key east west trades, but has accelerated the consolidation of carriers into vessel sharing agreements and alliances.
The container freight market is strengthening as carriers begin some 2017 negotiations, and Drewry said some shippers could see contract rates rise 20-40 percent in worst case scenarios.
Liberty Woods International filed a lawsuit in personam against Dalia Ship Holding and in rem against Dalia’s ship, the Ocean Quartz, seeking $1.4 million for damage it said occurred to […]
The World Customs Organization entered into a memorandum of understanding with the Organization for the Prohibition of Chemical Weapons (OPCW) to strengthen national and international controls related to trade of […]
After a record setting year in 2016, containership scrapping could reach 750,000 TEUs in the coming year, according to industry analyst Alphaliner.
Port of Seattle Commission elects new leadership, while American Trucking hires senior vice president of legislative affairs and Aljex Software creates new position, vice president of technology.
The Jacksonville, Fla.-based Class I railway said that in 2016, the industry continued to face headwinds from low global commodity prices and the strength of the U.S. dollar.
A study prepared for the Directorate-General for Climate Action found that savings from Flettner rotors and wing sails are seen as comparable.
The German ocean carrier said the bonds are not for sale in the United States, and proceeds will be used for early redemption of notes due later this year and […]
A Boeing 747 cargo plane operated by ACT Airlines crashed Monday during its decent into Kyrgyzstan’s Bishkek-Manas Airport.
All of the facility’s new services operate on a pay-per-use model with no capital spend or fixed costs.
A fire broke out in the engine room of the Alliance St. Louis on early Monday morning in the Gulf of Mexico.
Looking ahead at 2017, Duluth Seaway Port Authority Public Relations Director Adele Yorde told American Shipper the port authority will be completing a “de-bottlenecking project” on the main footprint of […]
The new center at APL’s corporate headquarters in Singapore has been designed to serve CMA CGM Group’s fleet in the Asian region by examining nautical, meteorological and geographic information in […]
Federal Maritime Commissioner William P. Doyle said SM Line plans on launching a transpacific service and eight intra-Asia services.
Alain Bédard, chairman, president and chief executive officer of TFI International, formerly known as TransForce, said the acquisition diversifies the company into the medical last mile business.
The port handled a record 2.65 million TEUs in 2016, a 4.2 percent jump from 2015, with increases in both imports and exports.
The new pool is scheduled to launch Monday and will be managed by Consolidated Chassis Management on behalf of the North American Chassis Pool Cooperative.
The Canadian port handled 10 percent more cargo in 2016 and opened a new container terminal in the Viau sector in November.
The Institute of International Container Lessors appoints new chairman, Dayton Freight promotes three employees to service center positions, and Page International names director of sales.
Judge John Sherwood decided to confer with the South Korean court before making a decision about Hanjin’s sale of its 54 percent stake in Total Terminals International to 46 percent […]
Drewry’s investment research arm said it believes CMA CGM of France is best positioned among the major carriers to be a perfect suitor for Orient Overseas (International) Limited, the parent […]
E-commerce growth, products no longer being fully built at just one facility, and “building to order” replacing “building to stock” have resulted in a more complex supply chain.
The Georgia Ports Authority and the South Carolina Ports Authority signed an agreement in 2015 to develop the Jasper Ocean Terminal, which will be jointly owned and operated by both […]
The Shanghai Containerized Freight Index’s increases on the Shanghai to U.S. trades were partially offset by declines on the Shanghai to Europe/Mediterranean trades.
The Californian port said it is prospering despite Ports America and Terminal Investment Ltd. ending their operations at the Outer Harbor Terminal last year.
The global port terminal operator’s terminals in Singapore handled 30.59 million TEUs in 2016, while volumes at its other locations totaled 37.04 million TEUs.
The U.S. Justice Department said two shipping companies were ordered to pay a combined $2.7 million for illegally dumping oily wastes into the ocean.
The Federal Aviation Administration has proposed fines against Jegs Automotive and Amazon in separate incidents involving undeclared flammable and toxic liquid shipments.
The U.S. Court of Appeals for the 7th Circuit denied the Owner-Operator Independent Drivers Association’s rehearing request against the Federal Motor Carrier Safety Administration’s mandate to electronically track commercial truck […]
The U.S. Grains Council called the announcement by China that it will subject U.S. distiller’s dried grains with solubles (DDGS) to anti-dumping and countervailing duties “rash.”
Starting next week, the terminal will be the first of six facilities within the Port of New York and New Jersey to roll out the port authority’s new Truck Management […]
The Phoenix, Ariz.-based third-party logistics provider and truck broker has purchased Global Freight Source for an undisclosed price in an effort to continue to grow its share of the truckload […]
The Southern California port handled more than 8.8 million TEUs for the year, an 8.5 percent increase from 2015 and the most ever for a port in the western hemisphere, […]
The U.S. Department of Transportation is establishing a new advisory committee focused on automation research, development and regulation across several transportation modes, the department said in a statement.
The BLET and SMART-TD labor unions are seeking to overturn a law prohibiting New Jersey Transit locomotive engineers from operating trains if their motor vehicle driver’s license is suspended.
The Massachusetts Port Authority’s Paul W. Conley Container Terminal in the Port of Boston handled 248,391 TEUs in 2016, a 5 percent increase over the previous year.
Florida’s St. Lucie County is looking for a private partner to help it develop 20 acres of waterfront land inside the Port of Fort Pierce for commercial use.
The agreement, which will infuse $26 billion into the state-run ocean shipping conglomerate over the next five years, will serve China’s “One Belt, One Road” strategy, according to a statement […]
Inna Kuznetsova, president and chief operating officer of INTTRA, explained the reasons behind the company’s rapid growth in a recent interview with American Shipper.
Outgoing Vice President Joseph Biden released a report Tuesday outlining the benefits of the 2009 American Recovery and Reinvestment Act on improving the nation’s transportation infrastructure.
As many as 220 former employees of the now insolvent South Korean ocean carrier Hanjin Shipping will be hired following one-on-one interviews with management, Hyundai Merchant Marine said in a […]
The contract freight rate benchmarking company warned, however, that stability will be hard to come by, and if just one or two carriers begin to drop rates and chase market […]
The port of Bushehr is capable of offering services for all containerized cargos including refrigerated products and provides an alternative to Bandar Abbas for shippers sending cargo to and from […]
