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Asian container volumes at JAXPORT surged 16 percent year-over-year to 157,689 TEUs for the first six months of fiscal year 2016, which commenced Oct. 1, 2015.
The Brownsville Navigation District signed an agreement with West Plains LLC to modernize and reactivate the grain elevator.
Saddle Creek appointed chairman and CenterPoint Properties named VP on West Coast, while LOC Group appointed COO and CSafe Global announced sales director for France and Spain.
Neptune Orient Lines attributed the loss to deteriorating freight rates, but anticipates the proposed acquisition of APL by CMA CGM should help the company regain profitability.
The London-based shipping consultant is predicting that carrier profit margins this year will be influenced by big swings in both prices and costs.
The Sulaibiya, Kuwait-based integrated logistics provider posted a net profit of 13.1 million Kuwaiti Dinars (U.S. $43.47 million) in first quarter 2016 despite revenues falling 6.1 percent year-over-year to 298.8 […]
Domestic container loads recorded a 6.4 percent increase for the quarter, while international volumes grew 3.8 percent compared with the same 2015 period, according to data from the Intermodal Association […]
The outdoor power products manufacturer’s 513,000-square-foot warehouse will support an existing manufacturing plant in Orangeburg, S.C.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and OOCL issued rate increases.
The 4,650-TEU Safmarine Meru, the first ship on the 2M Alliance’s new TP18/Lone Star Express service, had only 400 containers on board, while the other ship, the Northern Jasper, was […]
The 4,650-TEU Safmarine Meru, the first ship on the 2M Alliance’s new TP18/Lone Star Express service, had only 400 containers on board, while the other ship, the Northern Jasper, was […]
Matt Cox, chief executive officer of the Jones Act ocean carrier, says he would not be surprised if industry losses in 2016 exceed $10 billion, but Matson, which operates primarily […]
Air cargo volumes have been hindered by sluggish global trade growth and the falling load factor is continuing to keep intense pressure on freight yields and revenues, according to the […]
The Shanghai Containerized Freight Index fell 4 percent from last week to a reading of 579.60, with rates on the Shanghai to North Europe trade dropping 13.1 percent after a […]
Export volumes at the Northern California port jumped 7 percent in April 2016 compared with the same month a year ago thanks in part to a weaker dollar making U.S. […]
Authorities in Port Said, Egypt are considering the arrest of the captain of the 13,100-TEU containership that collided with a crane earlier this week while exiting the port terminal, causing […]
The Jones Act and special cargo carrier reduced debt by $42.7 million in quarter, and improved results in its Jones Act operations, according to the company’s most recent financial statements.
The French classification society has acquired UK-based international consultancy TMC Marine, a provider of pre- and post-casualty services for the marine industry since 1979.
The Seamen’s Union 48-hour strike is expected to affect cargo vessels calling at the ports of Piraeus, Aspropyrgos, Eleusis, Pachi and Megara, as well as all domestic and local ferry […]
Transportation and logistics companies added 8,600 jobs for the month, following revised increases of 4,900 in March and 400 in February, according to recent preliminary data from the U.S. Department […]
For U.S. meat exports during the first quarter of 2016, Japan was the leading market for beef export volumes and value, along with pork export value, while Mexico was the […]
The board of directors of United Parcel Service, Inc. declared a quarterly dividend payable June 1, 2016 to shareholders of Class A and Class B stock.
United Kingdom-based chilled food distribution solutions provider NFT opened the largest temperature-controlled quayside distribution hub in Europe at the Port of Tilbury.
The Roadrunner Transportation Systems’ subsidiary will open a new facility in Plainfield, Ind. next week, featuring 300,000 square feet of warehousing space.
Søren Skou, chief executive officer of the world’s largest container carrier, predicts the industry will see upward price momentum in the second quarter this year ahead of the traditional peak […]
Air cargo craft operator Atlas Air Worldwide Holdings, which saw net income and revenues plummet year-over-year in the first quarter of 2016, said it expects earnings and cash flow to […]
Todd Coleman, chief executive officer at the Port of Vancouver, Wash. since 2012, announced plans to resign his post on May 19, 2016.
The Netherlands-based global package delivery firm’s announcement of its intended sale of TNT Innight came just five days after China’s Ministry of Commerce approved the $4.8 billion acquisition of TNT […]
Thanks to limited competition and favorable regulations, all major North American railroads were able to enact rate increases earlier this year even as freight volumes fell the most since 2009.
The asset-light transportation and logistics services provider posted earnings per share of $0.08, well short of industry advisory firm Stifel’s estimate of $0.22 per share and the street consensus estimate […]
Combined United States carload and intermodal cargo volumes fell 11.8 percent in April compared with April 2015 and 7.8 percent for the first four months of 2016, according to data […]
Net orders for North American Class 8 trucks in April dropped 16 percent from March and 39 percent compared with April 2015, according to preliminary data from freight forecaster FTR […]
d’Amico International Shipping appoints CFO, while Holland & Knight names senior counsel and NRF picks Loss Prevention Council chairman.
The Jones Act carrier saw volumes on its single eastbound transpacific string from China drop 18.1 percent in the first quarter 2016 compared with the same 2015 period.
Container transport revenues at the Danish shipping conglomerate fell 20 percent year-over-year for the quarter due to a 26 percent decline in average freight rates.
SSA Marine’s Oakland International Container Terminal, which has operated nights and Saturdays for two months to ease pressure on busy weekday cargo operations, will stay open three nights a week […]
The state wants to deploy 100,000 zero emission freight vehicles, as well as maximize zero and near-zero equipment and equipment powered by renewable energy for cargo operations by 2030.
A report by the National Oceanic and Atmospheric Administration (NOAA) concluded that the dredging at the Port of Miami caused damage to the area’s coral reef.
The Seattle, Wash.-based global logistics provider’s revenues, which industry advisory firm Stifel said were hindered by lower air and ocean rates, tumbled 15.4 percent year-over-year to $1.4 billion for the […]
The U.S. Surface Transportation Board has filed a supplemental notice to a proposed rulemaking that would require Class I railroads and the Chicago Transportation Coordination Office to submit weekly data […]
The non-asset based supply chain management provider posted a net loss before taxes of $35 million for the first quarter of 2016, compared to a $77 million loss the previous […]
The total value of cross-border freight between the United States and North American trading partners Canada and Mexico slipped 2 percent year-over-year following a 7.7 percent drop in January, according […]
A Federal Maritime Commission working group of industry leaders is meeting for the first time to address chronic problems freight movement in the ocean supply chain.
The logistics provider and terminal operator’s rail terminal at the Port of Hamburg’s Container Terminal Altenwerder will undergo a project to add two more tracks, increasing the rail terminal’s annual […]
Maersk Line names HR chief, while the American Waterways Operators elects chairman and vice chairman and Greencarrier Freight Services appoints COO.
The U.S. Coast Guard bulletin regarding compliance with the International Maritime Organization’s verified gross mass requirement “seems to allow for more flexibility,” says Federal Maritime Commission Chairman Mario Cordero.
Three of the four pre-qualified port terminal operators that will bid for control of the Corozal Container Terminal have ties to container shipping giants Maersk Line, Mediterranean Shipping Co. (MSC), […]
The 13,092-TEU containership COSCO Hope crashed into a gantry crane at Port Said as it was departing the Egyptian port, igniting a fire that spread to 20 containers and resulted […]
The Jacksonville, Fla.-based Class I railroad is telling customers to expect delays for traffic headed through Washington, D.C. as recovery crews work to restore service after a CSX freight train […]
The ocean carrier has commenced the new Middle East Feeder – Loop 1 service between Pakistan, the United Arab Emirates and Oman.
MacroPoint’s freight tracking software will be integrated throughout freight broker and third-party logistics provider Logistics Dynamics, Inc.’s entire network of more than 55,000 motor carriers.
The Florida East Coast Railway delivered the first shipment ordered through its new EZ Buy web portal on behalf of freight broker Addison Transportation.
In March alone, the Russian cargo airline handled 51,000 metric tons of cargo, representing its best month ever for tonnage in the company’s 12-year history.
Acquiring the cloud-based multi-tenant TMS and managed transportation services provider will allow Kewill to expand the customer base of LeanLogistics’s platform through its broader global reach.
Kewill will pay Brambles, the Australian holding company that owns Michigan-based LeanLogistics, $115 million to acquire the cloud-based multi-tenant TMS and managed transportation services provider.
A CSX freight train carrying hazardous materials went off the rails along a busy route in Northeast Washington, D.C. early Sunday morning, spilling sodium hydroxide and forcing the suspension of […]
CSX train derails in Washington, D.C.
More than 100 neopanamax ships have already made reservations to transit the waterway’s new larger locks following the historic inauguration and first voyage, according to the Panama Canal Administration.
The 12,500-TEU containership MSC Fabiola was successfully refloated early Saturday morning, allowing vessel traffic in the important cargo gateway to resume as normal, according to a customer advisory from shipping […]
The Tokyo-based third-party logistics provider also unveiled the construction of a logistics facility in Myanmar’s Thilawa Special Economic Zone.
Yu joined the Taiwanese shipping company in 1984 and became president in 2013.
The e-commerce giant’s strong results validated CEO Jeff Bezos’s customer-centric philosophy and the Amazon Prime membership model, sending company stock up the most in almost a year Friday morning.
The air cargo terminal operator achieved new throughput records for March and the first quarter of 2016.
The international oil shipping services provider’s net profits for the first quarter of 2016 soared 40.4 percent year-over-year to $113.5 million.
New orders for manufactured durable goods grew 0.8 percent to $230.7 billion in March 2016 following a revised 3.1 percent monthly decrease in February, according to data from the United […]
Asset-light trucking and third-party logistics provider Roadrunner Transportation Systems has expanded its less-than-truckload service to include outbound service from Vancouver, British Columbia.
The international transportation and logistics company opened a new office in Ho Chi Minh City, Vietnam.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and MOL issued general rate increases on various trades.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and MOL announced general rate increases.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and MOL issued general rates increases.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and MOL announced general rate increases.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and MOL announced “Freight All Kinds” and general rate increases on various trades.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and MOL issued general rate increases on multiple trades.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and MOL announced general rate increases.
Air France-KLM names new CEO, while UPS appoints corporate controller and investor relations officer.
China COSCO Holdings Co. Ltd., which now includes the combined operations of China Shipping Container Lines Co., reported losses in both its container shipping and dry bulk operations during the […]
More than 100 neopanamax ships have already made reservations to transit the waterway’s new larger locks following the historic inauguration and first voyage, according to the Panama Canal Administration.
The European Union competition watchdog said a trustee will monitor both companies to ensure there is no information sharing between the Ocean3 and G6 ocean carrier alliances, of which CMA […]
Scales currently used to comply with federal and state laws are acceptable for complying with the new International Maritime Organization container weight regulations due to go into effect July 1, […]
The South Carolina Ports Authority and Class I railroad CSX are collaborating to develop an intermodal terminal in Dillon, to supplement the existing intermodal station in Greer and draw more […]
The Shanghai Containerized Freight Index rose from a reading of 457.70 last week to a reading of 603.64 this week, as rates from Shanghai to North Europe and the Mediterranean […]
The International Transport Workers Federation is claiming that a new study raises questions about the safety of navigation in the Central American waterway, while the Panama Canal Authority says the […]
The Chinese Ministry of Commerce on Friday unconditionally approved FedEx’s $4.8 billion acquisition play for Netherlands-based global package delivery firm TNT Express.
Korea Development Bank met Friday with the Export-Import Bank of Korea, Nonghyup, KB Kookmin, KEB Hana, Woori and Pusan Bank, and agreed to make a decision regarding the future of […]
Less-than-truckload holding company YRC Worldwide saw operating income during the first quarter rise compared to a year prior, while operating revenues declined.
Although activity slowed in the first quarter, total deal value for mergers and acquisitions in the transportation and logistics sector was still up 26 percent compared to first quarter 2015, […]
Less-than-truckload carrier Old Dominion Freight Line also experienced weak revenue growth of 1.6 percent year-over-year for the first quarter of 2016, reflecting an economy that remained sluggish and the impact […]
The container terminal operator posted a cargo throughout of 15.5 million TEUs at its container terminals in the first quarter of 2016, a 2.4 percent increase from the same 2015 […]
The tank barge operator posted net earnings attributable to shareholders of $38.1 million on revenues of $458.7 million, year-over-year drops of 37.6 percent and 21.9 percent, respectively.
The United States imported 2.57 million net tons of steel in March, a 12.8 percent increase from February, but a 28.4 percent decline from March 2015, according to figures from […]
The European Union competition watchdog said a trustee will monitor both companies to ensure there is no information sharing between the Ocean3 and G6 ocean carrier alliances, of which CMA […]
The S.C. Ports Authority banks on profit-making strategy to finance infrastructure at Charleston and elsewhere.
The South Carolina Port Authority’s inland port 212 miles west of Charleston has been successful generating cargo business.
North America now accounts for half of ZIM’s container-shipping business.
Container terminals improve thanks to better processes, land use and IT.
Excellent opportunities exist for companies competing in global trade to leverage their business models by reviewing their supply chain process options. One option is the use of foreign trade zones […]
Ports gain DOT respect
Approaching two years as chief executive officer of Hapag-Lloyd, Rolf Habben Jansen has expressed satisfaction with the German carrier’s 2015 results and sees some encouraging signs on the horizon. Last year […]
Ocean carriers would seem to hold all the cards in contract rate negotiations as controllers of much needed and often tight capacity in an industry with antitrust exemption. Now, after several […]
What driver shortage? Scott Grenerth, director of regulatory affairs at the Owner-Operator Independent Drivers Association (OOIDA), can’t stand it when anyone says there’s a truck driver shortage in America. […]
