CSX announces $0.18 dividend
The board of directors of CSX Corp. declared a quarterly dividend payable Dec. 15, 2016 to shareholders of common stock.
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.
The board of directors of CSX Corp. declared a quarterly dividend payable Dec. 15, 2016 to shareholders of common stock.
The Bonn, Germany-based parcel carrier and third-party logistics provider has sold 100 percent of its stake in optivo GmbH to cloud-based digital content, commerce and marketing management platform firm Episerver […]
The Chamber of Marine Commerce appoints interim president, while the executive director of the Transportation Institute at the University of Denver (DTI) will retire.
At 11:00 a.m. EST Thursday, the National Hurricane Center said the Category 4 hurricane was 25 miles west/northwest of Nassau Bahamas and about 180 miles southeast of West Palm Beach, […]
Georgia Ports Authority has developed another 100 acres on the south end of the port for auto processing companies to store vehicles.
Hyundai Merchant Marine said Thursday it will launch a new loop between Korea, China and the West Coast of North America this month.
Combined United States carload and intermodal cargo volumes continued their decline in September 2016, falling another 4.8 percent compared with the same 2015 period, according to data from the Association […]
The lawsuit, filed in federal court in Seattle, Wash., is the latest in a long list of complaints against transportation and logistics service providers that have allegedly been misclassifying drivers […]
DHL Supply Chain has purchased a 100 percent stake in Carugate, Italy-based MIT Safetrans, which specializes in high value logistics services in the technology, pharmaceutical, banking and vending sectors, for […]
On a year-over-year basis, the sharp increase in limestone shipments from Canadian quarries was not enough to offset the drop in limestone shipments from quarries in the United States.
Situated in Washington state, the Port of Longview has become the first port in the United States to move wind turbine blades directly from a ship to on-dock railcars.
At 11:00 a.m. EST, the National Hurricane Center issued a public advisory that said the Category 3 hurricane was 55 miles north/northeast of Cabo Lucrecia, Cuba and about 105 miles […]
Dallas-based Southwest Airlines will haul cargo on international flights for the first time one year from now, thanks to the airline replacing its point-of-sales system and back office system to […]
The U.S. trade deficit surpassed analyst expectations in August, rising 3 percent from July to $40.73 billion as higher imports offset a gain in exports.
The hits just keep coming for the beleaguered South Korean ocean carrier as the 8586-TEU Hanjin New York dragged anchor and contacted the 4038-TEU MSC Claudia, causing 11 empty containers […]
Retail sales in November and December are expected to increase 3.6 percent to $655.8 billion, up from 3 percent growth in the same 2015 period, according to the National Retail […]
Transportation industry forecaster FTR said Class 8 truck orders – those used to move trailer loads of freight around the country – reached a preliminary 13,800 units in September, down […]
The 500-year-old postal service acquired California’s Golden State Overnight Delivery Service for $90 million.
DHL’s eCommerce Singapore division has introduced a “hybrid” shipping product called Parcel International Direct Australia aimed specifically at online retailers in Singapore looking to expand their business in Australia.
The Eden Prairie, Minn.-based third-party logistics provider opened a new global forwarding office in Vancouver, British Columbia.
Abu Dhabi Ports said that with the new vessel management system, vessels arriving at any commercial port in Abu Dhabi will be able to processes needed formalities and exchange unified […]
Brambles Ltd. appoints new CFO, while Port Manatee names senior business administration director and senior communications manager.
Meanwhile, The Federal Maritime Commission told American Shipper Tuesday that despite Hanjin no longer accepting bookings in the U.S., the commission hasn’t received any amendments to the CKYHE Alliance agreement […]
The U.S. Federal Railroad Administration last week issued a new railworthiness directive to owners of certain DOT-111 tank cars built between 2009 and 2015 that may have “substantial weld defects.”
The United States said it wants rapid enforcement of recent World Trade Organization decisions involving European subsidies for Airbus passenger aircraft and India’s local content requirements for solar panels.
The National Customs Brokers and Forwarders Association of America told U.S. Customs and Border Protection that it objects to requiring a toxic substances certificate for each chemical shipment import entry […]
Cargo shipments grew 2.3 percent in August 2016 compared with the same 2015 period, following revised year-over-year increases of 3 percent and 1.8 percent, respectively, in June and July, according […]
The Danish ocean carrier signed a two-year contract, effective Aug. 1, 2016, to receive ship tracking services on its fleet of around 630 owned and chartered vessels, London-based technology provider […]
The Norway stock exchange has launched SHIPPING DNM, a tradable index based on the Oslo Børs Shipping Index, which consists of 13 company stocks with a total market value of […]
Aaron W. Hendry, the longtime head of Tampa, Fla.-based Hendry Marine Industries, died Monday at the age of 80.
Jason Bodford, president of EPES Logistics, said Atlantic Logistics’ customers will gain access to additional services provided by EPES, such as Mexico and Canada service, flatbed, freight management, drop trailer […]
International Airlines Group, the parent company of IAG Cargo, Aer Lingus, British Airways, Iberia, Vueling and Avios, is inviting companies to participate in Hangar 51, an initiative to support entrepreneurial […]
The industrial developer has acquired a 116,550-square-foot facility in Santa Fe Springs, Calif., featuring nearby access to the intermodal yards of two Class 1 railroads.
The United States’ largest independent marine terminal operator and stevedore company, Ports America, has merged its breakbulk operations at the Port of Houston with Cooper/T. Smith, forming a new joint […]
Consolidated Grain and Barge Co. will invest over $31 million to increase its soybean processing capabilities at the Port of Indiana-Mount Vernon.
The Luxembourg-based airfreight carrier took delivery of the LX-VCN, “Spirit of Schengen,” originally scheduled for delivery in 2017, bringing its fleet to 26 747 freighter aircraft, the company said in […]
Eagle Bulk Shipping picks new CFO and Transervice Logistics names SW business development director, while trade association InterManager elects president.
The National Hurricane Center issued a public advisory at 11:00 a.m. EDT that said the Category 4 Hurricane off the coast of Haiti is moving north at 10 miles per […]
Thousands of chassis in and around the ports of Los Angeles and Long Beach have containers mounted on them that are either owned or leased by the now insolvent ocean […]
The three-month “light touch” period during which states were urged to adopt a “practical and pragmatic” approach to the International Maritime Organization’s new verified gross mass container weight regulations ended […]
The Israeli ocean carrier reported a net loss of $74 million in the second quarter of 2016, compared to profits of $12 million in the same 2015 period, according to […]
The Eden Prairie, Minn.-based third-party logistics provider has added Oceania as a new region to its Global Forwarding division, thanks to the company’s acquisition of Melbourne-based APC Logistics.
The families of the victims who died aboard the El Faro, which sank Oct. 1, 2015 during Hurricane Joaquin, lost a request for a summary judgement finding that the doomed […]
The Federal Aviation Administration told Braille Battery to stop shipping lithium-ion batteries by air transport or the company will risk criminal prosecution and fines.
The United States imported 2.99 million net tons of steel in August, an 8.5 percent month-over-month decline, driven down by lower volumes from Brazil and South Korea from a month […]
Rep. Jaime Herrera Beutler, R-Wash., has requested the Department of Transportation study potential methods for reducing the combustibility of crude oil trains.
Sources said the South Korean liner carrier will lay off about 180 members of its 500 person workforce in the United States on Friday.
U.S. gross domestic product increased 1.4 percent in the second quarter of 2016, according to the “third” estimate from the Department of Commerce, following a revised increase of just 0.8 […]
Japan’s Kintetsu World Express’ wholly-owned subsidiary, APL Logistics, said its employees are retracting earlier statements they made last week regarding “K” Line’s financial position.
Hanne B. Sørensen, chief executive of A.P. Møller-Maersk’s third-party logistics subsidiary, will be replaced by current Maersk Line Head of East West Trades Klaus Rud Sejling, the company said in […]
The Japanese carrier said it will use the funds to invest in its growth, boost the company’s earnings base to increase business competitiveness, and to raise funds for vessel-related facilities.
The chief executive officer of SSA Inc., Knud Stubkjaer, who has over 35 years of expertise in the transportation, terminal operations and logistics industry, received the 2016 Connie Award.
Airports Council International, a trade association representing the world’s airports, has approved a resolution to support the United for Wildlife Transport Task Force campaign.
The Danish container carrier ordered 14,800 new refrigerated cargo containers, lowering the average age of its reefer equipment fleet to 7.9 years old, well below the industry average, the company […]
The Japanese ocean carrier has acquired a 25 percent share of EMAS Chiyoda Subsea, a construction firm specializing in offshore and subsea oil and gas facilities, from Singapore’s Ezra Holdings […]
The Ottawa-based Chamber of Marine Commerce will take over the operations of the Canadian Shipowners Association.
United European Car Carriers, a joint venture between ocean carriers NYK and Wallenius Lines, received the world’s first pure car and truck carrier capable of running on liquified natural gas […]
Starting Oct. 1, the Pacific Northwest port will be accepting applications for a new, permanent chief executive officer and executive director to replace the outgoing Todd Coleman, who stepped down […]
The Hong Kong-based third-party logistics provider has renamed Albini & Pitigliani Sverige AB, known as ALPI Sverige, Kerry Logistics (Sweden) following the integration of the company’s businesses.
Norfolk Southern’s chief legal officer retires, while SynchroNet Intermodal Services names DoorLogistics sales director and Alliance Shippers appoints assistant vice president of sales.
The Port of Montreal has plans for a new terminal in Contrecoeur, while DP World signed a lease in July to expand and operate the Rodney container terminal in Saint […]
The commission said it has “reasonable grounds” to suspect the carriers engaged in collusive practices to fix incremental cargo rates from Asia to South Africa.
The International Transport Workers’ Federation criticized the U.S. Customs and Border Protection (CBP) saying it was told by CBP that it had concerns crew could try and jump ship due […]
Ron Widdows, the former chief executive officer of both Neptune Orient Lines and Rickmers Holding, told American Shipper he thought Hanjin Shipping handled its financial collapse “pretty badly.”
The terminal’s two berths became available earlier in 2016 when a lease with a bulk cargo operator ended, and although the port is mainly interested in responses to import/export bulk […]
The head of the French freight forwarder Logfret, Christian Millet, died Sept. 17 at the age of 58.
The ZIM operated Seven Star Service between Asia and the U.S. East Coast will be suspended for the winter slack season, but the Israeli carrier will join the G6 Alliance’s […]
The nonprofit organization said Wednesday it broke ground on what will become the largest distribution hub for humanitarian medical aid in the United States.
Canadian Pacific’s president Keith Creel has called on the country’s transport minister to implement locomotive voice and video recorders (LVVRs) as soon as possible, citing the value of the devices […]
The weekly loop is scheduled to launch in November to meet agricultural season demand.
Newton Square, Pa.-based Sunoco Logistics Partners L.P. reached an agreement to purchase Vitol Group’s integrated crude oil business in West Texas for approximately $760 million plus working capital.
Crane Worldwide Logistics appoints senior director for life sciences, while Röhlig names air freight manager for Germany.
Various media reports have speculated the sale of South Korean liner carrier Hanjin Shipping, viewing COSCO and Maersk Line as possible buyers.
The International Longshore and Warehouse Union and the Pacific Maritime Association said exploratory contact extension talks are tentatively set for Nov. 1-2.
The Sydney, Australia-based third-party logistics provider will build two new purpose-built ships with 40 percent more capacity to support trade between Victoria and Tasmania, the company said in a statement.
The Massachusetts Department of Transportation awarded funds to seven projects expected to take 37,000 truck trips off state roads annually under the 2016 Industrial Rail Access Program, the department said […]
CSPL SPV, COSCO SHIPPING Ports Limited’s wholly-owned subsidiary, will have the controlling stake in the joint venture company that will operate the new Khalifa Port Container Terminal 2.
The Owner-Operator Independent Drivers Association has reached an agreement with the State of New York to refund a registration and decal tax in the amount of $44.4 million to trucking […]
The Sulaibiya, Kuwait-based third-party logistics provider has agreed to work with Maersk Line to cut carbon dioxide emissions by 15 percent per container as part of the Danish ocean carrier’s […]
The U.S. Justice Department said Kirby Inland Marine has agreed to pay $4.9 million in civil penalties and implement fleet-wide improvements to settle claims resulting from an oil spill in […]
The parcel giant’s package sorting and delivery center, located in Bielefeld, Germany and scheduled to be up and running by October 2017, will replace an existing facility in Herford, the […]
The Greek port saw profits for the first half of 2016 jump 5.6 percent year-over-year to 12.7 million euros, despite headwinds from a 28-day strike carried out by staff between […]
Under the renewed long-term agreement, XPO Logistics will continue to manage nine reverse logistics service centers for Leeds-based ASDA Stores, Ltd., as well as collaborate on environmental sustainability efforts.
The airline said it plans to launch flights from Los Angeles to Havana, Cuba Jan. 5.
AAGEX Freight Group appoints VPs, while MIC Customs Solutions names project manager.
Acquiring of one of the largest mail and parcel carriers in the United Kingdom will strengthen Deutsche Post DHL Group’s cross-border network and expand its customer base in Europe’s largest […]
Aviation industry officials and governments are expected to finalize a global climate change agreement at the International Civil Aviation Organization’s 39th Assembly in Montreal, which begins today, according to the […]
Transportation planners and industry executives briefed House lawmakers last week on progress made so far with implementing freight provisions of the FAST Act.
Association of American Railroads President and CEO Edward R. Hamberger said a report released by the Surface Transportation Board shows that changes to the existing regulatory structure would not benefit […]
The San Francisco-based freight forwarder, which has now raised a total of $94 million to fund global expansion, said it is constructing a new operating system for global trade that […]
Citing the ongoing economic slowdown in China and waning U.S. imports, the World Trade Organization on Tuesday slashed its 2016 global trade forecast to 1.7 percent from a previous projection […]
For the port’s 2016 fiscal year, the Paul W. Conley Container Terminal handled 247,329 TEUs, a 12 percent increase from the 2015 fiscal year.
The third-party logistics and freight forwarding arm of the Deutsche Post DHL Group launched SameDay Speedline, a global expedited airfreight service for urgent delivery of spare parts, critical medical supplies, […]
In addition, the Baltic Exchange has named Mark Jackson its new chief executive officer, who is replacing the current CEO Jeremy Penn.
Under the strategic partnership, Herzog Technologies will provide short-line railroad operator Watco Cos. with positive train control program management and back-office hosting services, according to a spokesperson for Watco.
Through a partnership with the Slovenian Pošta Slovenije and the Hungarian Magyar Posta, DHL Parcel Europe will provide shorter transit times for cross-border e-commerce services to both countries, the company […]
The global tire manufacturer said construction on its new distribution center in Spartanburg County, S.C. is expected to begin this year, the center’s first phase is slated to open in […]
Under an expanded capacity sharing agreement, Finnair Cargo and IAG Cargo will launch three additional A350 flights per week between their respective hubs at Helsinki Airport in Finland and London […]
FedEx shuffles senior executives, while the Jacksonville Port Authority appoints new board officers.
The San Francisco-based freight forwarder, which has now raised a total of $94 million to fund global expansion, said it is constructing a new operating system for global trade that […]