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The Port of Long Beach Harbor Commissioners approved the sale of Hanjin Shipping’s 54 percent stake in Total Terminals International to MSC and its sister company Terminal Investment Ltd. Wednesday […]
The ocean shipping industry set new records for demolition this year, sending 201 ships with an aggregate capacity of 699,000 TEUs to the scrapyard as of Dec. 20, according to […]
Tom Nightingale, a longtime freight transportation and logistics specialist, noted that in fast changing times such as these, it is critical that strategic leaders consider their end-to-end supply chain system […]
However, despite the port experiencing its best November ever in terms of containers handled, its share on the North American container market declined from 12 months prior.
The U.S. maritime regulator said it is inviting comments no later than Feb. 28 on the petition that was filed by the Coalition for Fair Port Practices earlier this month.
The Memphis, Tenn.-based integrator saw it’s shares drop 3.4 percent in a day after reporting adjusted earnings per share of $2.80 in its fiscal second quarter, an improvement from the […]
The Georgia Ports Authority handled more containers in November compared to 12 months earlier, thanks to a strengthening export market and a busy peak holiday season.
The first phase of the O’Hare Northeast Cargo Center is now complete and operational, and once the entire center is complete, it will be the largest airside cargo development constructed […]
U.S. Customs and Border Protection officers at the Port of San Juan, Puerto Rico found two shipments from China containing more than 1,400 hazardous toys and 3,500 unsafe Christmas light […]
About 180 unionized Korean Air pilots seeking a 29 percent pay increase began a 10-day strike yesterday, causing the airline to cancel 148 passenger and cargo flights on domestic and […]
The transaction closed Wednesday and made Marken a wholly-owned subsidiary of UPS.
The Honolulu-based shipping company also announced this week that it raised $75 million through a private placement of 11-year final maturity senior unsecured notes.
Air Canada appoints chief commercial officer, while the Transportation Marketing & Sales Association names membership committee chairman and Hill Dickinson further expands its marine practice.
In attempts to push back against the campaign to turn independent owner-operators in the port drayage industry into employees, the statewide trucking trade association filed a lawsuit last week against […]
The Memphis, Tenn.-based integrator posted a net income of $700 million on revenues of $14.9 billion for the second quarter of fiscal year 2017, which ended Nov. 31, year-over-year increases […]
Hanjin Shipping’s plans to sell its stake in Total Terminals International to Terminal Investment Ltd. was approved Tuesday by a Seoul District Court and is now pending approval from U.S. […]
CargoNet and AFN Logistics compiled a list of the top ten counties in the United States with the highest amount of reported cargo thefts between July 1, 2013 and July […]
Mac R. Behnke Rentals got into an accident while transporting a shipment for Denso, damaging some of the cargo, and a court said the dispute would have to be resolved […]
The seasonally adjusted For-Hire Truck Tonnage Index jumped 8.2 percent to a reading of 142.4 compared with the previous month, following a revised 0.3 percent drop in October, according to […]
The Hong Kong-based third-party logistics provider has agreed to purchase the freight forwarding business of customs broker and forwarder Bofill & Arnan, the company said in a statement.
The global terminal operator signed a memorandum of understanding with the Ukrainian Government for the development of Chornomorsk Port.
Crane Worldwide Logistics hires regional sales manager for its U.S. West region, while Overseas Shipholding Group names new president and CEO and Wilhelmsen Ships Service appoints general manager for Wilhelmsen […]
The U.S. Surface Transportation Board has approved a petition from Genesee & Wyoming Inc. to acquire the Providence & Worcester Railroad Co., subject to certain conditions, according to a filing […]
Billionaire Carl Icahn’s investment firm has agreed to sell the rail equipment manufacturer to a Chicago-based subsidiary of Japan’s Sumitomo Mitsui Financial Group in a deal that could be worth […]
The South Korean liner carrier, which reported a profit of 297 billion South Korean won on revenues of 1.078 trillion won for the third quarter of 2016, is reportedly planning […]
Analysts have speculated ZIM could be the next firm swept up in the wave of consolidation in the ocean shipping industry, but the Israeli carrier has outright rejected the idea […]
The ExpressRail Port Jersey facility will be located adjacent to the recently expanded GCT Bayonne container terminal and is scheduled for completion in mid-2018.
The independent containership owner and manager agreed to pay $5.2 million for each of the four 4,275-TEU containerships.
The Group of 20 and other steel producing countries established the Global Forum on Steel Excess Capacity in an effort to share information and “take effective steps to deal with […]
Containership owner and lessor Rickmers Maritime last month denied having sold the seven-year-old boxship India Rickmers for scrap, but has since admitted to selling the vessel in relation to a […]
The Commerce Department has initiated antidumping and countervailing duty investigations of certain softwood lumber products imported into the United States from Canada.
The Port of Tacoma Commission names new president, while Tulsa Port of Catoosa promotes director and Air France-KLM Cargo appoints executive vice president.
Five large terminal companies and the Port of Rotterdam Authority filed the “Global Ports Group Agreement” with the Federal Maritime Commission to promote the efficiency and effectiveness of the container […]
Five large terminal companies and the Port of Rotterdam Authority filed the “Global Ports Group Agreement” with the Federal Maritime Commission to promote the efficiency and effectiveness of the container […]
A federal district court in Utah has ordered C.R. England to pay 6,336 drivers a total of $2.35 million in back pay and fees associated with the company’s driver training […]
Danish ocean carrier Maersk Line said the vessels are deployed on the TP10 and TP18 services and represent about 1 percent of the carrier’s overall fleet.
Mediterranean Shipping Co.’s 13,092-TEU containership MSC Regulus collided with the Ecuadorian fishing vessel Don Gerardo II early Saturday morning, reportedly killing at least five people and injuring a dozen more.
In addition, ZIM said it would “upgrade” its all-water ZCP service, which deploys company-owned tonnage between Asia and the U.S. East Coast, to “offer inland destination solutions to major locations.”
Shipment volumes in November 2016 slipped 3 percent from October and 0.5 percent compared with the same 2015 period following the first year-over-year increase in the previous 20 months, according […]
The companies have entered into a collaboration for the co-management and operation of 16 berths across Terminals 4, 6, 7, 8 and 9 in Hong Kong.
The U.S. Commerce Department’s International Trade Administration said Whirlpool Corporation (MI) was the petitioner for the investigation on the dumping of large residential washing machines into the U.S. market.
The Danish ocean carrier’s acquisition of Hamburg Süd from the Oetker Group would expand its market share in Latin America and Oceania trades.
Balancing California’s environmental goals It seems placid dairy cows are next up in the crosshairs of California legislators and environmental regulators. The cows didn’t do anything to get themselves […]
The International Chamber of Shipping said emissions trading is not appropriate for international shipping and is mostly comprised of small-and-medium-sized enterprises that typically operate with less than 10 ships.
The $800,000 grant, awarded by the U.S. Environmental Protection Agency, will pay between 25 and 40 percent of the cost to replace and upgrade 18 pieces of yard equipment at […]
The Owner-Operator Independent Drivers Association has asked the U.S. Court of Appeals for the Seventh Circuit in Chicago to reconsider its ruling in favor of a proposed FMCSA rule to […]
In addition, the United States Senate on Saturday passed S.612, the Water Infrastructure Improvement for the Nation Act, which included Congressional authorization for the 52-foot Charleston Harbor Deepening Project.
The Shanghai Containerized Freight Index increased 3.4 percent since last Friday to a reading of 824.39, largely driven by significantly higher rates from Shanghai to the United States.
The Athens-based containership owner and chartering company’s earnings were hindered by Hanjin filing for bankruptcy at the end of August and the charter restructuring agreement it entered into with Hyundai […]
Truckload pricing dipped another 1.5 percent for the month compared to November 2015, the ninth consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
In association with FourKites, AFN will work with carriers to track their fleets with the latest real-time tracking technology, and a decent amount of these carriers will be using FourKites’ […]
Intermodal pricing increased 0.3 percent for the month compared with the same 2015 period, just the second year-over-year increase since December 2014, according to the latest Cass Intermodal Price Index.
Port Manatee elects board chairwoman and officers, while Canadian Pacific Railway appoints new board member and Port of Los Angeles names deputy police chief.
Emerging technologies are helping the ocean and trucking industries work together in more meaningful ways.
Under new rules that took effect last month, freight forwarders managing inbound shipments to Canada must now submit electronic house bills of lading prior to arrival.
The audio transcript from the ill-fated TOTE Maritime cargo vessel’s voyage data recorder was one of five factual reports added to the investigation docket, the National Transportation Safety Board said […]
South Korean ocean carrier Hyundai Merchant Marine is backing out of a joint bid with MSC for Hanjin’s 54 percent stake in the largest container terminal at the Port of […]
The Port of Los Angeles established a new throughput record in November, while the nearby Port of Long Beach saw container volumes fall 13.8 percent year-over-year during the month.
The Danish shipping bank said it believes seaborne trade volumes in 2030 will be a little higher than today, growing by just 1 percent on average each year.
The London-based shipping research and consulting firm said many European importers have received annual carrier bids for contracts effective from January, with higher fixed rates than in 2016.
Accounting firm Samil PricewaterhouseCoopers told the Korean court overseeing the bankruptcy of Hanjin Shipping that liquidating the carrier would be “more economical” than continuing its rehabilitation, Korea’s Yonhap News Agency […]
The integrated commercial and industrial property group’s logistics park next to the Pudong International Airport’s third runway has secured five new major customer commitments totaling 98,120 square meters.
The Port Authority of New York and New Jersey names new aviation director, while SEKO Logistics appoints vice president of ocean services and Worldwide Flight Services hires global head of […]
Jakob Stausholm, chief financial officer at Maersk Line, said the Danish ocean carrier’s gains in market share, utilization, and lower unit costs have been overshadowed by very low freight rates.
FedEx Express Chairman and CEO Fred Smith said the President-elect should seek changes in the Trans-Pacific Partnership agreement negotiated among the United States and 11 other countries, rather than outright […]
The U.S. Bureau of Labor Statistics said Tuesday U.S. import prices in November fell 0.3 percent from a month prior, resulting from lower fuel prices, while export prices fell 0.1 […]
The commercial aircraft manufacturer reached a $16.6 billion deal with Iran Air for 80 airplanes, and expects demand for airline pilots and technicians across the globe will rise, thanks to […]
The Vaughan, Ontario-based drone technology company has entered into an agreement with UAP Inc. (NAPA) to test a drone delivery platform.
Turkish Airlines awarded a cargo handling contract in Johannesburg, South Africa to Africa Flight Services.
The credit rating agency said container shipping companies will continue to face oversupply, and profitability could be put under even more pressure if bunker fuel prices increase.
PierPass said it will review the possibility of applying a lower flat fee for both day and night moves, with appointment systems to help regulate traffic, or a port-wide “peel-off” […]
STG CEO Chris Jamroz told American Shipper the container freight station (CFS) industry has been underinvested in, partially because of how fragmented it is, and also because 85 percent of […]
A Genesee & Wyoming subsidiary in the United Kingdom will purchase APM Terminals subsidiary Pentalver Transport, which operates off-dock container terminals in each of the UK’s four major seaports, as […]
The Northern California seaport saw throughput of loaded import boxes tick up 0.2 percent while laden exports jumped 11.5 percent compared with the same 2015 period, according to recent data […]
VICT, which is owned by ICTSI, signed an agreement with the Port of Melbourne Corporation in 2014 for the design, construction, commissioning, operation, maintenance and financing of the port’s new […]
DHL Supply Chain established a new distribution center in Guarulhos, Brazil for global life sciences company Sanofi, featuring 36,000 square meters of fully air-conditioned storage space and nearly 50,000 pallet […]
Port Everglades names environmental program manager, while CEVA Logistics hires managing director of its Australia and New Zealand division.
The Danish conglomerate said at its 2016 Capital Markets Day presentation that it wants container shipping to once again become a growth business for the company, while APM Terminals will […]
Ports America and Sydney Harbour Investment Partners want to develop a dedicated, semi-automated, deep-water marine container facility than can handle ships carrying over 18,000 TEUs at the Port of Sydney, […]
Islamic Republic of Iran Shipping Lines is ordering four 14,500-TEU containerships and six chemical/product tankers from the South Korean shipbuilder.
The group sent a letter to the President-elect, praising his recognition of the need for infrastructure investment and making suggestions on how to improve the economic competitiveness of the nation’s […]
The non-vessel operating common carrier and ocean freight consolidator said the new service will launch Dec. 12 and will provide 22-day transits from Gdynia to New York.
Ocean carriers Maersk Line of Denmark, CMA CGM of France and Hapag-Lloyd of Germany issued freight rate increases.
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued freight rate increases on various trades.
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd have issued freight rate increases.
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued freight rate increases.
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued freight rate increases on various trades.
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued general rate increases on various trades.
Hansa Heavy Lift appoints head of Asia Pacific, while Broekman Logistics promotes new managing director of warehousing and distribution and American Trucking Associations names Infrastructure Funding Task Force members.
Members of the 2M Alliance – Maersk and MSC – reached a space-sharing deal with HMM, which they said is “outside the scope” of the 2M Alliance, but will involve […]
Members of the 2M Alliance – Maersk and MSC – reached a space-sharing deal with HMM, which they said is “outside the scope” of the 2M Alliance, but will involve […]
Oakland Bulk & Oversized Terminal (OBOT) has sued the City of Oakland in federal court after facing strong opposition from environmentalists and others that oppose coal exports through a bulk […]
The industrial real estate services and investment management firm said it anticipates low interest rates, healthy consumer spending and strong e-commerce will boost industrial and logistics real estate growth in […]
The company’s $1.3 billion investment will be made throughout Mexico, and will involve building distribution centers and expanding existing ones.
The index remained practically unchanged since last Friday, inching up 0.3 percent to a reading of 797.62.
Annualized turnover rates at large truckload fleets fell another 2 percentage points to 81 percent in the third quarter of 2016, the lowest level since second quarter 2011, according to […]
The Chicago-based technology company more than doubled its headcount and tripled its office space after securing its first round of outside funding in September.
The chief and second engineers of the Top Ship cargo vessel were sentenced Thursday to jail for their role in obstructing a U.S. Coast Guard inspection in July 2015 on […]
The Port of Virginia experienced its second busiest month ever in November for container volumes, handling 236,155 TEUs.
President Obama has sent his nomination of Ann Begeman for a second five-year term on the U.S. Surface Transportation Board to the Senate floor, according to a statement from the […]
