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The now insolvent South Korean ocean carrier released a status update Monday on the 97 vessels it operates, which illustrated that 59 of these vessels are still waiting in open […]
The South Korean ocean carrier has started discharging cargo in Long Beach following a court order from a U.S. bankruptcy court on Friday to protect the carrier.
Electronics manufacturer Samsung said in court filings that “cargo owners are being held hostage,” while Maher Terminals said it “is not required to extend free credit to Hanjin, and should […]
Jon Slangerup announced his resignation as chief executive officer of the Port of Long Beach and accepted a position as chairman and CEO of a leading aviation technology company.
Although the Shanghai Containerized Freight Index remained fairly stable from last Friday, with the overall reading inching up 2.4 percent, rates spiked on the Shanghai to Mediterranean trade.
A chart constructed with data from BlueWater Reporting shows Hanjin Shipping’s impact on several prominent trades out of Asia, as several carriers are swooping in to launch new services, filling […]
Barge service between the Port of Virginia and Richmond helped the state nail down investments from German grocery chains ALDI and Lidl.
Canadian Pacific Railway announced changes to its board of directors, including the appointment of Jill Denham and William R. Fatt, and the resignation of activist investor Bill Ackman.
Charlotte, N.C.-based Ridgemont Equity Partners closed on an equity investment in freight broker Nolan Transportation Group to support the firm’s “continued rapid growth,” the companies said in a joint statement.
The Berkshire Hathaway-owned Class I railway said its new intermodal service connecting Portland, Ore. and Seattle, Wash. with Dallas Fort Worth will provide comparable transit times to single-driver, over-the-road options.
The short line railroad affiliate of OmniTrax will raise the speed of trains on a 90-mile stretch of track between Birmingham and Gadsden, Ala. thanks to significant investment in track, […]
The Massachusetts Governor’s Office signed a letter of intent with three offshore wind farm developers to lease the 26-acre multipurpose New Bedford Marine Commerce Terminal as a staging ground for […]
Electronics manufacturer Samsung said in court filings that “cargo owners are being held hostage,” while Maher Terminals said it “is not required to extend free credit to Hanjin, and should […]
The newly established Drone Advisory Committee, which includes stakeholders from the aviation and unmanned aircraft industry, will meet at least three times a year to discuss the safe integration of […]
The U.S. Department of Transportation said the 18 infrastructure project grants awarded in fiscal year 2016 – collectively valued at nearly $800 million – will support $3.6 billion in infrastructure […]
The International Maritime Organization’s Ballast Water Management Convention now has enough vessel tonnage to bring the treaty into force, thanks to Finland signing onto the treaty.
The U.S. Coast Guard’s Marine Board of Investigation has reviewed the transcripts for the first public hearing session into the loss of the TOTE Maritime general cargo ship, which sank […]
During the month, Japan and South Korea continued to be top performers for beef exports from the United States, driven by strong demand for chilled beef.
Cargo aboard the 4,600-TEU Hanjin Scarlet is currently being discharged at the Port of Prince Rupert in British Columbia.
Several ocean carriers have decided to launch various routes in order to fill the void from Hanjin’s halted operation.
The world’s two largest container shipping carriers, Maersk Line and MSC, are beefing up their presence on the transpacific trade in the wake of Hanjin Shipping filing for receivership in […]
The U.S. Commerce Department said it has launched a nationwide technology competition to help the country’s seaports and users to develop efficient port information-sharing technologies.
The Jacksonville, Fla.-based Class I railway said it expects third quarter earnings per share to decline slightly from last quarter due to high single-digit volume reductions from the same period […]
LogFire’s cloud-based warehouse management software, which integrated as a partnership with Oracle last year, is intended to complement Oracle’s transportation management software.
The Dubai, United Arab Emirates-based port terminal operator won a 30-year concession for the development of a multi-purpose project at the Port of Berbera in the Republic of Somaliland, the […]
Cloud-based supply chain solutions developer ShipXpress has been acquired by GE Transportation, resulting in 200 employees from ShipXpress becoming a part of GE Transportation.
Net orders for North American Class 8 trucks totaled 14,000 units in August 2016, a 36 percent improvement from July, but a 35 percent decline from the same 2015 period, […]
The third-party logistics subsidiary of ArcBestSM agreed to purchase Sparks, Nev.-based truckload capacity provider Logistics & Distribution Services for $25 million, according to a statement from the company.
The German auto-maker’s truck and bus division will establish a joint venture with engine manufacturer Navistar International in an effort to collaborate on the development of new technologies in the […]
The cargo airline commenced a daily non-stop service between Los Angeles and Hong Kong.
Limestone shipments on the Great Lakes slipped 13.5 percent year-over-year in August to 3.4 million tons.
Japanese container carrier Kawasaki Kisen Kaisha could be targeted by Singapore-based hedge fund Effissimo, the firm’s largest shareholder as of early August, according to recent media reports.
Despite the recent increase in rates on major east-west trade lanes, the container shipping industry “remains mired in troubled waters,” according to the ocean freight rate benchmarking and market intelligence […]
The trade organization has called on terminals that are currently holding containers because of Hanjin’s financial troubles to release those containers immediately.
Members of California’s congressional delegation asked the federal government to get involved in the Hanjin insolvency, and Rep. Loretta Sanchez said Hanjin’s stranded ships may have goods needed to keep […]
The ocean carrier’s revenue declined to $3.5 billion ($3.3 billion excluding the contribution from NOL) from the $4.1 billion in the second quarter of 2015 as the persistent pressure on […]
French ocean carrier CMA CGM, Hapag-Lloyd of Germany and Hong Kong’s OOCL issued general rate increases.
The Halifax Port Authority appoints chairman and vice chairman, while Volga-Dnepr names head of energy and heavy machinery.
Members of California’s congressional delegation asked the federal government to get involved in the Hanjin insolvency, and Rep. Loretta Sanchez said Hanjin’s stranded ships may have goods needed to keep […]
The South Korean ocean carrier filed for recognition of its Korean insolvency proceeding in the United States Friday in the U.S. Bankruptcy Court for the District of New Jersey and […]
The shipping industry is being roiled by Hanjin’s decision to file receivership, with spot rates surging, cargo being stranded on vessels, and now lawsuits are being filed by shipowners.
The ocean carrier’s revenue declined to $3.5 billion ($3.3 billion excluding the contribution from NOL) from the $4.1 billion in the second quarter of 2015 as the persistent pressure on […]
The ports of Savannah and Brunswick will be closed for operations Friday, Sept. 2, 2016, as a result of expected severe weather caused by Hurricane Hermine, which was recently upgraded […]
The Shanghai Containerized Freight Index jumped 27.9 percent since last week to a reading of 763.06, reflecting Hanjin’s decision to file for receivership.
The U.S. Surface Transportation Board issued an Advance Notice of Proposed Rulemaking proposing a new procedure to resolve small rate disputes between shippers and Class I railroads.
The $2.1 million project to deepen the port’s main navigation channel was shared between the U.S. Army Corps of Engineers and the Port Authority of New York and New Jersey.
The national mail carrier of Canada reached a two-year stop-gap employment agreement with the Canadian Union of Postal Workers in order to avoid work disruptions, according to statements from both […]
Cargo shipments grew for the second straight month in July 2016, rising 1.8 percent compared with the same 2015 period after a 2.7 percent year-over-year increase in June, according to […]
Syed Vagar Ashraf of Lahore, Pakistan was sentenced to 33 months in jail by U.S. District Judge Rosemary Marquez of the District of Arizona for attempting to export controlled items […]
Annualized turnover rates at large truckload fleets fell another 6 percentage points to 83 percent in the second quarter of 2016, the lowest level in five years, according to the […]
The OmniTrax affiliate, which offers rail freight service between Tulsa and Sand Springs, Okla. purchased the 146-acre Gerdau steel mill property for an undisclosed price, according to a statement from […]
Norm Krehbiel, who has been named the Port of Longview’s new chief executive officer, originally joined the port in 1993 as director of facilities and engineers, and was later named […]
The sports apparel maker said it plans to open a 1.3 million-square-foot distribution and warehouse facility at Sparrows Point in Baltimore County as part of the Tradepoint Atlantic redevelopment project.
Joseph F. Sutter, considered within the aviation industry as the pioneering engineer who led the development of the Boeing 747, died Aug. 30 at the age of 95.
Logistics and marine services provider GAC Group shuffles regional VPs, while Virgin Atlantic Cargo appoints regional sales manager for continental Europe.
The ports of Savannah and Brunswick will be closed for operations tomorrow, Sept. 2, 2016, as a result of expected severe weather caused by Hurricane Hermine, which was recently upgraded […]
Carriers may seek to “turn the table” on shippers who drove hard bargains, but an upturn in rates may be short-lived.
The total value of cross-border freight between the United States and North American trading partners Canada and Mexico slipped another 6.4 percent year-over-year in June 2016, according to the Bureau […]
The overall rate of fatal crashes involving passenger vehicles increased for the first time in three years to 1.12 deaths per 100 million vehicle miles travelled, according to a recent […]
Under the new agreement, POST Luxembourg and Singapore Post, the national mail carriers of their respective countries, will offer comprehensive end-to-end e-commerce logistics solutions between Asia and Europe, the companies […]
Cold chain solutions provider CSafe Global acquired Kalibox, adding over 5,000 square meters of manufacturing in two European locations to CSafe’s current six North American locations that have a combined […]
The Belgian port has entered into an agreement with the Ivory Coast to help with the expansion of port logistics operations at San Pedro.
Hamburg-based bulk logistics company Hoyer took over plant logistics for Covestro within the Shanghai Chemical Industrial Park.
Export volumes in New Zealand increased 10 percent for the second quarter of 2016, after adjusting for the usual seasonal patterns.
U.S. Customs and Border Protection said the shoes were seized by staff assigned to the ports of Los Angles and Long Beach, and if genuine, they would have had a […]
Hong Kong-based third-party logistics services provider U-Freight Group said it’s making investments to redevelop a number of warehouses in its network to better accommodate the future needs of the e-commerce […]
The cargo handling division of International Airlines Group has commenced a new service from London to Tehran, offering air cargo forwarders six flights per week to and from Iran through […]
Memphis, Tenn.-based third-party logistics provider Mallory Alexander appoints chief administrative officer, while the Port Authority of New York and New Jersey selects general counsel.
Following Hanjin Shipping filing for receivership, Hyundai Merchant Marine will start up two new services, one between Korea and the U.S. and one between Korea and Europe.
The 3rd U.S. Circuit Court of Appeals affirmed the dismissal of a federal complaint filed against the Waterfront Commission of New York Harbor over a hiring dispute.
UPS Airlines’ pilots represented by the Independent Pilots Association today ratified a new five-year labor agreement with over 91 percent voting in favor of the deal, according to a statement […]
The U.S. Transportation Department’s Federal Highway Administration said it will release $14.2 million in grants to a total of seven states through a grant program that was established by the […]
Through its subsidiary MOL Information Systems, the Japanese ocean carrier will conduct a joint study on the analysis and use of big data in ocean shipping with Yokohama National University.
The U.S. Commerce Department found that dumping occurred by Prinx Chengshan (Shandong) Tire Co., Ltd. at a preliminary dumping margin of 20.87 percent, while other Chinese producers and exporters of […]
The New Wave Group, a wide-ranging manufacturer whose brands include Craft, Speedo, Pax, Ahead, Clique and Kosta Boda, signed an exclusive three-year contract with DHL Global Forwarding for ocean transportation.
The Hamburg-based maritime services provider reported a net loss of 131.5 million euros for the first half of 2016 on revenues of 249.3 million euros.
Korea’s Financial Services Commission said the government will promote sales of Hanjin Shipping’s core assets to Hyundai Merchant Marine in a bid to maintain competitiveness of the Korean shipping industry.
Korea’s Financial Services Commission said the government will promote sales of Hanjin Shipping’s core assets to Hyundai Merchant Marine in a bid to maintain competitiveness of the Korean shipping industry.
Workhorse Group has developed an eight-rotor “octocopter” called HorseFly designed to be used in tandem with its electric package delivery trucks, some of which are in service with companies like […]
The ocean carrier reported a net loss of 7.21 billion yuan renminbi in the first six months of the year compared with a 1.97 billion yuan renminbi profit in the […]
U.S. industrial conglomerate Honeywell completed a $1.5 billion purchase of Intelligrated, an information technology specialist in supply chain and warehouse automation.
Legislation signed last week by Gov. Jerry Brown may have dealt the final blow to a Port of Oakland plan to bring coal cargoes to its terminals by prohibiting the […]
Shipping research and consulting firm Drewry projects the global leased container equipment operating fleet will increase by a little more than 1 percent in 2016.
The Jersey City, N.J.-based Great Lakes bulk carrier has completed agreements with lenders to amend prior credit terms and waive certain default penalties, the company said in a statement.
The Japanese liner carrier established a cargo-handling joint venture in Mumbai, India that will initially handle car carriers, but will eventually include other types of vessels.
The Canadian port will spend $16 million to relocate a maintenance building and construct a warehouse off the wharf to accommodate the expansion of the Fairview Container Terminal.
The future of South Korea’s largest container shipping company looks grim, with numerous media outlets reporting lenders are refusing to extend the company additional credit.
U.S. gross domestic product increased 1.1 percent in the second quarter of 2016, according to the “second” estimate from the Department of Commerce, following a revised increase of just 0.8 […]
The South Korean ocean carrier has reached a deal with containership charterers and other creditors, according to Korean media outlets.
The German ocean carrier’s shareholders of Friday approved all items on the agenda for the annual meeting, most notably including the approval of new authorized share capital, which will be […]
In addition to a 7 percent increase in container cargo, the severe congestion seen last year at ports along the U.S. West Coast caused an increase in diesel particulate matter, […]
The containership lessor sold 3.2 million Series G shares at $25 per share ($80 million) in an offering that closed Friday, and 9 million Series H shares earlier this month […]
The liquefied national gas (LNG) terminal has been expanded to include a third berth for small LNG vessels, which will enable distribution to LNG terminals in other ports in the […]
The Westbury, N.Y.-based non-vessel-operating common carrier opened a new office in Dubai and now operates 18 offices and works with over 120 agents worldwide.
Kalmar, a subsidiary of cargo-handling equipment and systems manufacturer Cargotec, appoints new head of the Asia-Pacific region, while the Florida East Coast Railway names VP of carload sales.
With 13 of the top 20 container lines reporting combined losses of $2.5 billion in the first half alone, industry losses will likely range from $8 billion to $10 billion […]
The Shanghai Containerized Freight Index slipped 0.2 percent since last week to a reading of 596.38.
However, Hanjin’s creditors plan to decide whether to put the liner carrier under receivership by Tuesday, Yonhap news agency reported.
The new regulation, Chapter 173-185 WAC, Oil Movement by Rail and Pipeline Notification, establishes reporting standards for facilities receiving crude oil transported by rail and pipeline, according to the Washington […]
Reported cargo thefts in the state of Rio de Janeiro for the second quarter surged 34 percent year-over-year to 2,151 reported incidents as the nation’s economy continues to shed jobs.
