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 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.
The parcel giant’s trucking unit plans to lay off 80 workers during third quarter 2016, and another 80 over the next year as part of an effort to cut costs […]
Rickmers Holding AG and E.R. Capital Holding said they have jointly decided not to pursue the merger of their ship management activities “for the time being.”
The United States boosted steel import volumes 12.3 percent month-over-month in July to 3.17 million net tons, thanks to a surge in steel imports from Brazil.
The Honolulu-based shipping company agreed to pay $511 million for both of the Kanaloa Class vessels from General Dynamics NASSCO.
SEKO Logistics named Michael Christensen president of SaaS and CPO of International Supply Chain Solutions to lead a new business unit focusing on the third-party logistics provider’s service-as-a-software technology solutions.
The ocean carrier alliance will skip the Oct. 11 voyage on its North Pacific 3 (NP3) service between Asia and the Pacific Northwest in response to “expected low demand in […]
The Icelandic shipping company reported net earnings of 8.8 million euros on revenues of 126.1 million euros for the second quarter of 2016.
The Houston, Texas-based third-party logistics provider moved into a new 34,000-square-foot warehouse and office complex adjacent to the London Heathrow Airport in an effort to enhance its UK market presence.
The voyage data recorder from the U.S.-flag cargo ship that sank Oct. 1, 2015 near the Bahamas was in good condition and revealed bridge audio, weather data and navigational data.
Members of the U.S. Federal Maritime Commission voted in favor of requesting additional information from the four shipping companies planning to create the Ocean Alliance.
The South Korean ocean carrier submitted a financial improvement plan to the state-run Korea Development Bank Thursday, but did not reveal details on the plan.
CDPQ Infra has signed an agreement to acquire the aerial structure leading to Central Station in Montreal from Canadian National Railway and use the station as an intermodal hub for […]
Under a new five-year agreement, Atlas Air Worldwide Holdings will provide FedEx Express with five 747-400 freighter aircraft during peak flying season, which generally takes place in December but can […]
The Council of Supply Chain Management Professionals will honor J.B. Hunt, Henry Ford and Malcom McLean for their pioneering leadership in the supply chain arena.
Major freight railroads in the United States employed 152,718 workers as of the middle of July 2016, up 0.19 percent from the previous month but down 10.71 percent year-over-year, according […]
The Jacksonville, Fla.-based Class I railway will place more, longer trains, as well as run them faster, on its tracks between Seymour and Butlerville, Ind., the company said in a […]
Evergreen Line and “K” Line will be joining the Asia-ISC dedicated PMX loop, which will soon be changing its ports of call, while the two carriers will also launch the […]
The Atlanta, Ga.-based parcel giant launched a $300 million expansion that will increase the size of its Centennial package facility in Louisville, Ky. to 838,000 square feet and nearly double […]
Parts manufacturer Delphi Automotive has joined forces with Mobileye, a developer of computer vision systems focused on the automotive industry, to develop a fully automated driving solution by 2019, according […]
Shanghai Pudong Int’l Airport Cargo Terminal, the largest airfreight handling services provider at Shanghai Airport, in the first seven months of 2016 saw volumes grow 2 percent to 919,461 metric […]
The cargo airline has expanded its international long-haul cargo sales and management agreement with counterpart airline, Virgin Australia Cargo.
Chinese e-commerce solutions provider Baozun Inc. created Baotong E-logistics, a wholly-owned warehousing and logistics subsidiary.
project44 has appointed chief IT architect and VP of global sales, while the Transportation Intermediaries Association names marketing director.
The Northern Sea Route, which can cut 12 to 15 days off voyage times between Asia and North Europe compared to the traditional Suez Canal routing, is currently only usable […]
The voyage data recorder from the U.S.-flag cargo ship that sank Oct. 1, 2015 near the Bahamas was in good condition and revealed bridge audio, weather data and navigational data.
The German ocean carrier said its merger with UASC will create the world’s fifth largest container carrier and secure the large ships it needs for the Far East-Europe trade.
The port terminal operator division of China COSCO Shipping Corp. posted net profits attributable to equity shareholders of the company of $171.9 million on revenues of $275 million, year-over-year declines […]
Container volumes in the transpacific trade between Asia and West Coast North America jumped 5.5 percent year-over-year in the first six months of 2016, while Asia-Europe volumes ticked up 1.1 […]
The U.S. International Trade Commission has released a new web-based interface that allows the public to more easily monitor changes in U.S. imports.
The London-based shipping research and consulting firm said it forecasts slow growth in the world container fleet of four to five percent per year through 2019.
The seasonally adjusted For-Hire Truck Tonnage Index equaled 134.3 for the month, down 2.1 percent from June but up 0.3 percent compared with July 2015, following a 1.6 percent decrease […]
In addition to skipped sailings in the transpacific trade, the G6 Alliance will void one sailing each on its Loop 5 and Loop 7 services between Asia and North Europe […]
Airfreight markets in the first six months of 2016 were “substantially weaker” than passenger markets, posting marginal 0.5 percent year-over-year growth, according to data from Airports Council International.
The Omaha, Neb.-based Class I railway applied for a Presidential Permit to operate and maintain the Brownsville West Rail Bypass International Bridge.
Surface Transportation Board Chairman Daniel R. Elliott III will no longer send an annual letter to the industry asking Class I and other railroads to comment on their end-of-year outlook […]
Worldwide Flight Services appoints new CEO, while CSafe names director of strategic life science sales.
However, individual terminals at the ports of Los Angeles and Long Beach will negotiate directly with chassis leasing companies over compensation for storing chassis and providing services to lessors.
However, individual terminals at the ports of Los Angeles and Long Beach will negotiate directly with chassis leasing companies over compensation for storing chassis and providing services to lessors.
A survey from same day delivery company CitySprint revealed 47 percent of small and medium enterprises in the United Kingdom do not anticipate any disruptive impact from the Brexit, but […]
The global logistics and transportation services provider commenced operations at Pier 80 at the Port of San Francisco yesterday where it was awarded a 15-year lease to operate the terminal.
The Hong Kong-based third-party logistics provider increased net profit 1 percent to $548 million Hong Kong (U.S. $70.7 million) compared with the first half of 2015 as revenues grew 3 […]
A total of 339 cargo thefts were reported in the Europe, Middle East and Africa region during the second quarter of 2016, 129 of which occurred in the United Kingdom.
The ocean carrier alliance will void one sailing each on its Central China 4 (CC4) and South China 2 (SC2) services between Asia and the United States West Coast in […]
The 17,859-TEU CMA CGM Vasco de Gama serving on the Ocean3 Alliance’s FAL 1 loop ran aground as it made its way to the Port of Southampton.
The U.S. International Trade Commission said imports of heavy-walled rectangular welded carbon steel pipes and tubes from South Korea, Mexico and Turkey unfairly harm domestic producers.
The containership lessor sold the 3,700-TEU MOL Express for scrap, pocketing $5.94 million in the process, according to a report from maritime consultant Clarksons Research.
The ocean carrier alliance has added an additional week to total transit times on its FAL1 service between Asia, Europe, the Mediterranean and the Middle East, according to ocean carrier […]
Despite challenges from less iron sand exports and the ongoing challenges the container industry has been experiencing due to ship construction outstripping trade growth, the Ports of Auckland saw net […]
Ocean shipping e-commerce platform INTTRA appoints new chief technology officer, while integrated logistics provider Agility names managing director for Malaysia.
Ninety-five percent of hides produced in the United States are shipped in containers to leather producers, primarily in the Far East, but also other countries around the world.
The Association of American Railroads has submitted comments to the Federal Railroad Administration in response to a July 15 public hearing, once again urging the administration to withdraw its proposed […]
The containership charterer said in a filing with the U.S. Securities and Exchange Commission last Thursday that past due accounts receivable from South Korean ocean carrier Hanjin Shipping had grown […]
Price, port coverage and transit times are traditionally the primary determinants in choosing a container carrier or service loop, but with vessels stopping at fewer ports and sailing slower than […]
The $114.3 million deal is expected to be completed around late November.
Truckload pricing dipped another 1.6 percent in July 2016 compared to the same 2015 period, the fifth consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
A new air transport agreement between the United States and Mexico entered force on Sunday, and promises to enhance passenger travel and air cargo opportunities.
The Justice Department said Wenxia “Wency” Man of San Diego was sentenced to 50 months in jail for conspiring to export U.S. military technology to China.
Intermodal pricing in July dropped for 19th straight month compared with the prior year period, according to the latest Cass Intermodal Price Index, and analysts with Avondale Partners expect the […]
In addition to typical problems drivers face while transporting cargo, Mexico’s militant teacher’s union known as the National Coordinator of Education Workers has been conducting roadblocks in response to the […]
Container throughput at the Canadian seaport stood at 1.4 million TEUs during the first six months of the year, a 6.5 percent decrease from the record setting throughput seen in […]
The Federal Aviation Administration has proposed a $54,000 civil penalty against Gordon Food Service of Wyoming, Mich. for allegedly violating federal hazardous materials regulations.
The e-commerce giant said it plans to employ 1,500 permanent workers at the Tilbury, Essex warehouse and distribution center once it’s completed next year, in addition to creating 500 new […]
Singapore-based provider of logistics facilities, GLP, signed a strategic cooperation framework agreement Thursday with China International Marine Containers.
Ocean carriers CMA CGM, Hapag-Lloyd, OOCL and MOL issued general rate increases.
DSF said it expects intra-regional trades to grow in importance at the expense of the main east-west trades.
Richard Lidinsky Richard Lidinsky, who in July stepped down after seven years as one the five members of the U.S. Federal Maritime Commission, kept a fanciful cartoon from the […]
It’s truly ironic that the country which led the charge to approve the Trans-Pacific Partnership agreement earlier this year may be the one that oversees its destruction. If […]
With the advent of e-commerce, a new stress point is emerging. It used to be large volume importers vs. ocean carriers. This may be shifting to large e-commerce importers […]
In 2004 the hull of the tanker Athos I was punctured by an abandoned ship anchor as it approached an asphalt refinery terminal in Paulsboro, N.J., on the Delaware […]
Representatives from the U.S. Embassy in Beijing met with the director general of China’s Inspection and Quarantine Ministry to gain more information about how shippers can comply with China’s requirement […]
The New Zealand port is scheduled to receive its first 9,500-TEU vessel in October, following the completion of its dredging project, which deepened the port’s shipping channels to 14.5 meters […]
The Hong Kong-based container and bulk shipping company reported a net loss of $40.2 million in the first six months of 2016 as revenues slid 20.5 percent to $385.8 million […]
Tanjung Priok Port’s new container terminal was built by NYK Line, PT. Pelabuhan Indonesia II, Mitsui & Co. Ltd. and PSA International Pte. Ltd.
The Ardita, which arrived at the Port of Hamilton at the western end of Lake Ontario in April, remains anchored in the harbor near the port due to a legal […]
The French Mediterranean port posted a total cargo throughput of 7.8 million metric tons for the month as container volumes grew 12 percent to 112,768 TEUs compared with July 2015.
The cargo airline unveiled its new Madrid-Amsterdam service taking effect today, along with its new service from Frankfurt to London via Paris that’s scheduled to launch next week.
Dachser prepares way for new chief operations officer, while the New Orleans Public Belt Railroad names business development director, and ECU Worldwide relocates two regional sales managers and appoints to […]
Louise Muenter, head of media and stakeholder relations at A.P. Moeller-Maersk, said a corporate restructuring is a possibility following a report the Danish shipping conglomerate could be split into separate […]
Representatives from the U.S. Embassy in Beijing met with the director general of China’s Inspection and Quarantine Ministry to gain more information about how shippers can comply with China’s requirement […]
Southern California’s so called “Blue Cut Fire” has disrupted BNSF and Union Pacific rail traffic, including intermodal traffic moving to and from the ports of Los Angeles and Long Beach, […]
The Federal Railroad Administration released a status update yesterday on implementation of Positive Train Control, highlighting the need for greater funding from Congress for railroads to implement the technology “as […]
The Dubai, United Arab Emirates-based global port terminal operator posted a profit of $608 million on $2.1 billion in revenues for the first six months of 2016, year-over-year increases of […]
The Port Commission of the Port of Houston Authority in a special meeting held yesterday approved a $1.5 million increase in funding for the U.S. Army Corps of Engineers’ maintenance […]
United States truck trailer net orders totaled 9,500 units in July 2016, a 20 percent decline from June and a 55 percent drop from the same 2015 period, according to […]
The liner carrier commenced a new service operating with two vessels between Jacksonville and Port Everglades in Florida, Costa Rica and Jamaica.
The temperature-controlled warehousing and logistics company has acquired Consolidated Distribution Corporation, a leading foodservice supply chain logistics company and the largest independent multi-concept re-distribution provider in the nation.
The real estate investment company last Wednesday purchased CLT Logistics Center, located just south of the Charlotte-Douglas Airport in North Carolina.
The fruit company signed a lease extension with Port Manatee through Aug. 31, 2021, with options for three additional extensions of five years each, the Central Florida Gulf Coast port […]
The Japanese ocean carrier has changed the names of its MM Holdings (Americas) and Mitsui O.S.K. Bulk Shipping (Asia Oceania) divisions in an effort to unify its marketing efforts and […]
However, the Department of Homeland Security waived the 100 percent scanning law for the third time, which was originally scheduled to be implemented four years ago in reaction to 9/11.
Southern California’s so called “Blue Cut Fire” has disrupted BNSF and Union Pacific rail traffic, including intermodal traffic moving to and from the ports of Los Angeles and Long Beach, […]
