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Berkshire Hathaway-owned BNSF Railway Co. reported a net income of $1.02 billion in the third quarter of 2016 and $2.58 billion in the first nine months of the year, decreases […]
Matson said its profits for the third quarter of 2016 were lower than a year prior because volumes on its Hawaii and Alaska trade routes were “lower than expected due […]
Beef exports from the United States in September rose from a year prior due to stronger exports to Japan and South Korea, while pork exports picked up thanks to shipments […]
A federal court judge on Monday rejected a request by all-cargo aircraft operator ABX Air for a temporary restraining order against its pilots and their union.
The nation’s imports in September rose 4.7 percent from August to $47.6 billion Canadian, resulting from one large shipment of equipment from South Korea for the Hebron offshore oil project […]
California had the highest number of reported cargo thefts during the third quarter of 2016, accounting for 38 percent of reported incidents.
After several months in delays, Peel Ports’ £400 million (U.S. $494.9 million) Liverpool2 container terminal officially opened for business last week, according to a statement from the port terminal operator.
The U.S. Department of Transportation has tentatively selected American Airlines to operate a new daily nonstop service between Los Angeles and Beijing.
The airfreight and express wholesaler has acquired the 500-square-meter warehouse adjacent to its current facility at Cape Town International Airport, effectively doubling the size of its facility and tripling its […]
AirBridgeCargo Airlines will commence a twice-weekly Boeing 747 freighter route Nov. 15 from Oslo to support Norway’s thriving seafood export market and the country’s oil and gas industry, the company […]
Hill Dickinson appoints first ever COO, while Absolute Worldwide Logistics hires managers for new Waycross, Ga. office.
Members of the planned ocean carrier alliance – Hapag-Lloyd, Yang Ming, NYK, MOL and “K” Line – said they plan to offer 31 services, utilizing 240 vessels to call over […]
Danish third-party logistics provider DSV said it can grow market share by cross-selling brokerage and asset-based services previously provided under the UTi brand.
The U.S. Commerce Department reported Friday the nation’s trade deficit in September fell 9.9 from a month prior amid stronger exports.
Based on trends from the last two years, growth in containership capacity will continue to outpace demand in the next few years despite record ship scrapping so far in 2016, […]
Transportation and logistics companies added 7,500 positions last month, following a revised 3,100-job loss in September, according to recent preliminary data from the U.S. Department of Labor.
BIMCO’s chief shipping analyst Peter Sand says “the tools to turn the container shipping industry around are being used and are working.”
Port says a softer U.S. dollar and big agricultural harvests resulted in a 20 percent increase in container exports in October.
The Israeli container carrier told American Shipper Friday it is rejecting the rumor that it has intentions to sell its global shipping operations to instead become a regional Mediterranean carrier.
The U.S. Department of Transportation released more than $90 million among Federal Aviation Administration grants to six airports to make improvements to runways, taxiways and aprons.
On a bright note, the port authority said it will be using a $1.6 million grant awarded by the U.S. Maritime Administration to improve the barge program that transports containers […]
Net orders for North American Class 8 trucks totaled 13,800 units in October 2016 as a “significant cleanup of long-term, excess, orders by one OEM” weighed on ordering activity, according […]
The Atlanta, Ga.-based parcel giant has entered into an agreement to acquire Marken, a global provider of supply chain services to the life sciences industry.
The international financial institution said the financing will be used to support Indonesia in addressing issues with the nation’s supply chain, such as long dwelling times at ports and lengthy […]
Two Pakistani nationals were sentenced by a U.S. District Court after pleading guilty to charges of operating Internet sites to illegally sell and ship pharmaceuticals from Pakistan and the United […]
Two former aides to New Jersey Gov. Chris Christie could face 20 years in prison over their role in “Bridgegate,” which involved tying up traffic on the George Washington Bridge […]
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, MOL and NileDutch have announced freight rate increases.
Analysts predict higher volumes and rates, but offsetting coal traffic decline will be a heavy lift
The total value of cross-border freight between the United States and North American trading partners Canada and Mexico ticked up 0.7 percent in August 2016 following 19 straight year-over-year decreases, […]
Airfreight volumes rose 6.1 percent in September from a year prior, coinciding with a rise in new export orders, and also possibly due to one-off factors such as Hanjin’s insolvency […]
Rates from Shanghai to the Mediterranean, which hold a 10 percent weight on the index’s overall reading, fell 6.3 percent from last Friday to $738 per TEU.
The air cargo services provider reported a $7.5 million loss in third quarter 2016, it’s second straight quarter in the red, as nondeductible expenses related to vested warrants granted to […]
The multi-modal logistics hub at the Port of Monfalcone in Italy, will provide solutions to support and manage the total outbound supply chain of vehicle manufacturers in Europe.
The Miami, Fla.-based ocean carrier will commence a new string between Paita, Peru and the United States Gulf and East Coasts starting Dec. 6, 2016, the company said in a […]
Cathay Pacific Airways started a twice-weekly scheduled freighter service today to Oregon’s Portland International Airport.
Shipments of limestone on the Great Lakes totaled 3.3 million tons in October, down 3.5 percent from a year prior, according to the Lake Carriers’ Association.
A chartered ship will evacuate 4,300 of an estimated 6,000 containers leased by Hanjin, freeing up chassis for use by other port customers.
The U.S. Court of Appeals for the Seventh Circuit in Chicago has ruled in favor of the Federal Motor Carrier Safety Administration’s proposed regulation that would require the use of […]
In addition to eliminating truck permit paperwork, the “Maryland One System” is expected to reduce the overweight hauling permit processing from days or weeks to hours.
The German ocean carrier took delivery of the 10,500-TEU Valparaiso Express from Hyundai Samho Heavy Industries this Wednesday, which will serve trade between the West Coast of South America and […]
The Greenwich, Conn.-based third-party logistics provider reported a net income of $13.8 million in the third quarter of 2016 compared with a $93.1 million loss in the same 2015 period, […]
The Intermodal Association of North America reported that total intermodal loadings fell 4.6 in the third quarter of 2016 compared to the same period in 2015.
The transportation management system provider entered into a partnership with Inolog to begin serving the United Kingdom, Ireland and other regions in Europe.
The Association of American Railroads said 1.07 million carloads were handled in October, down 5.1 percent year-over-year.
Revenues for the third quarter of 2016 rose 7 percent year-over-year, which Roadrunner CEO Mark DiBlasi said was largely related to the company’s ground expedite business.
The Icelandic ocean carrier has entered into an agreement to purchase asset-light transportation and logistics provider Nor Lines in an effort to broaden its value-added service offerings, the company said […]
Athens, Greece-based containership lessor Diana Containerships has sold the M/V Angeles, formerly on charter to Taiwanese ocean carrier Yang Ming, to an unnamed demolition yard for $6.69 million before commissions, […]
Although the Malaysian ship owner reported lower profits and revenues for the third quarter of 2016 compared to a year prior, the company did have some notable accomplishments during the […]
AirBridgeCargo Airlines has launched a twice-weekly Boeing 747 freighter service that links the London Heathrow Airport to Moscow.
ContainerPort Group appoints new CFO, while Milestone Chassis names manager for West Coast region sales.
COSCO, CMA CGM, Evergreen Line and Orient Overseas Container Line plan to deploy 350 containerships on 41 strings starting next April.
The recent announcement on Japan’s three major ocean carriers – MOL, NYK Line and “K” Line – merging container operations has left the industry wondering if more consolidation is to […]
Representatives from the Pacific Maritime Association and the International Longshore and Warehouse Union met Tuesday and discussed a possible extension of their current contract, which runs through June 30, 2019.
The World Trade Organization on Tuesday said most of the participating countries in the newly expanded Information Technology Agreement have implemented their tariff commitments under the deal.
The Hong Kong-based containership lessor in Q3 2016 took impairment charges of $202.8 million related to ten ships under 5,000 TEUs in capacity and another $18.9 million related to the […]
Effective Nov. 1, 2016, persons and organizations importing, handling or transporting crude oil into and within Canada are no longer legally allowed to use the older, less-reliable DOT-111 tank cars, […]
Darien, Conn.-based short line railroad operator Genesee & Wyoming Inc. reported net income of $56.8 million on revenues of $501 million during third quarter 2016, year-over-year decreases of 10.4 percent […]
The all-cargo airline will commence a four-times-weekly service between London Gatwick Airport and Fort Lauderdale, Fla., as well as a three-times-weekly route from Gatwick to Oakland, Calif., starting in March […]
The Transportation Intermediaries Association appoints VP of education and DSV Road North America names president, while Chapman Freeborn selects chief commercial officer and the American Association of Port Authorities installs […]
The A.P. Møller-Maersk conglomerate, which includes Maersk Line, APM Terminals, and energy related divisions like Maersk Oil, reported an underlying profit of $426 million in the third quarter of 2016, […]
Representatives from the Pacific Maritime Association and the International Longshore and Warehouse Union met Tuesday and discussed a possible extension of their current contract, which runs through June 30, 2019.
Work on the project, expected to nearly double the size of the Wilmington, Calif.-based terminal operator’s facility at the Port of Oakland, could begin as early as this month, the […]
The Danish global transport and logistics provider reported 692 million Danish krone (U.S. $102.7 million) in adjusted earnings on DKK 17.2 billion in the third quarter of 2016, year-over-year increases […]
The national postal carrier of Argentina has tapped Deutsche Post DHL Group to provide expertise in logistics services, supply chain infrastructure, and domestic and international parcel service as part of […]
The global third-party logistics provider has opened a new branch office in Hanoi, Vietnam, as well as new facilities in Hong Kong and Mumbai, India, the company said in a […]
Singapore Post Limited said its new Regional eCommerce Logistics Hub at the Tampines Logistics Park is its largest eCommerce logistics investment in Singapore to date.
The non-vessel-operating common carrier said a Gothenburg-to-Atlanta service will launch next month.
PIL Logistics Egypt Limited’s new facility offers warehousing, distribution, inventory management, value added service, and order fulfilment services.
The Customized Logistics and Delivery Association picks new executive director and the Alabama State Port Authority names board chairman, while the Port of Melbourne selects CEO and the Nautical Institute […]
The South Korean government revealed plans earlier this week to order more than 250 vessels and extend 6.5 trillion won in financing by 2020 to prop up a shipbuilding industry […]
The U.S. Department of Transportation is soliciting applications for fiscal year 2017 FASTLANE grants from public sector entities interested in developing freight infrastructure projects.
Japan’s three largest shipping companies, which have agreed to merge their container divisions, have reported their financial results for the first six months of the fiscal year ending March 31, […]
The Hong Kong-based carrier transported 5.2 percent more containers in the third quarter of 2016 compared to a year earlier, but average revenue per TEU for the quarter fell 18.1 […]
Total deal value and volume in the transportation and logistics industry in third quarter 2016 fell 30 percent and 11 percent, respectively, from the previous quarter, according to a new […]
The Hong Kong-based carrier transported 5.2 percent more containers in the third quarter of 2016 compared to a year earlier, but average revenue per TEU for the quarter fell 18.1 […]
U.S. gross domestic product increased 2.9 percent in the third quarter of 2016, according to the “advance” estimate from the Department of Commerce, following a revised increase of 1.4 percent […]
In addition to the six 13,010-TEU Hanjin Shipping vessels to be chartered to Maersk Line, a group led by HSH Nordbank could also acquire another three ships and lease them […]
The truckload transportation and logistics services provider reported a net income of $23.4 million on $280.5 million in revenues in the third quarter of 2016, year-over-year decreases of 22.9 percent […]
Pacific Merchant Shipping Association President John McLaurin said emissions could just end up being switched to other parts of the country.
The Shanghai Containerized Freight Index increased 11.3 percent from last week to a reading of 884.95, thanks to sharp increases from Shanghai to Northwest Europe and the Mediterranean.
The International Brotherhood of Teamsters has asked the National Mediation Board to investigate whether two subsidiaries of the Air Transport Services Group should operate as one.
Less-than-truckload holding company YRC Worldwide saw net income in third quarter 2016 slide 29.8 percent to $13.9 million, but earnings were still up 19.8 percent through the first nine months […]
European shipowners were relieved Thursday when the Belgian delegation to the EU and Canadian negotiations involving the Comprehensive Economic and Trade Agreement had agreed to move forward with the trade […]
The less-than-truckload carrier reported a net income of $85.6 million on revenues of $782.6 million for the third quarter of 2016, year-over-year increases of 1.4 percent and 0.4 percent, respectively.
The technology startup Otto and Budweiser have completed the world’s first shipment by a self-driving truck.
International Airlines Group subsidiary IAG Cargo had revenues of 240 million euros for the third quarter of 2016, down 7 percent from the third quarter of 2015.
Iranian national Mansour Moghtaderi Zadeh pleaded guilty Thursday to taking part in a conspiracy involving the purchase and shipment of aviation parts and supplies from the United States to Iran […]
DHL Supply Chain picks transportation president, while Kane Is Able names senior VP of transportation and solutions.
The Greenwich, Conn.-based third-party logistics provider said it will use the $558 million in cash from TransForce to pay down debt.
XPO Logistics said the sale of its truckload operations includes approximately 3,000 tractors, 7,500 trailers and 29 facilities it acquired in its October 2015 purchase of Con-way Inc., and proceeds […]
The French shipping company, which acquired Neptune Orient Lines and its APL subsidiary earlier this year, is seeking a buyer for the APL container terminals.
The Atlanta, Ga.-based shipping and logistics provider reported year-over-year increases in net income and revenues for the third quarter of 2016 despite pressure from changes in fuel surcharges and currency […]
The Northwest Seaport Alliance will release two new mobile applications, DrayQ and DrayLink, in early November as part of an effort to speed cargo flow through the ports of Seattle […]
A group led by the Competitive Enterprise Institute sent a letter to Congress calling the Surface Transportation Board’s proposal to increase reciprocal switching an “unlawful attempt to push the U.S. […]
The New-Zealand based company said the system is targeted at exporters and logistics companies needing to weight containers outside of ports and other high volume container hubs.
The combined companies will have gross revenues approaching $1 billion and will manage more than 700,000 intermodal, truckload and less-than-truckload shipments annually.
Tailwind Capital has acquired the third-party automotive logistics provider from Corinthian Capital Group for an undisclosed sum, according to statements from the firm and BB&T Capital Markets, which served as […]
The Oak Brook, Ill.-based multi-modal transportation management company saw net income fall 9.6 percent to $17.9 million in the third quarter of 2016 despite a 3.7 percent increase in revenues […]
The freight broker and third-party logistics provider also said Wednesday it has completed the integration of truckload-oriented freight broker Command Transportation, LLC, which it acquired in June 2015 for $420 […]
Under an agreement reached earlier this year, Ports America Chesapeake will assume operational responsibility for the Seagirt Container Transfer Facility at the Port of Baltimore on Oct. 31, the port […]
