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The 10 STS cranes will be the tallest in service at any port in the United States, capable of handling ultra-large containerships with capacities of up to 20,000 TEUs, according […]
The port posted a 2.4 percent year-over-year increase in container volumes in April, partially supported by growth at the Virginia Inland Port and Richmond Marine Terminal.
Rates fell another 3.4 percent for the month compared to April of last year, the 16th consecutive month prices have decreased, and analysts with Avondale Partners expect this trend to […]
The national mail carrier of Singapore and budding third-party logistics provider’s full-year net profit soared 57.9 percent to $248.9 million Singapore (U.S. $ 181.45 million) thanks to one-time divestment gains.
Although the U.S.-flag Great Lakes freighters carried more iron ore and grain during the month, in comparison to April 2015, the freighters shipped less coal, limestone, cement and salt.
The U.S. Federal Maritime Commission said it has collected $840,000 in civil penalties from compromise agreements with five freight forwarders and non-vessel-operating common carriers.
The proposed ocean carrier alliance will include Hapag-Lloyd of Germany; Japan’s MOL, NYK and “K” Line; Taiwan-based Yang Ming; and South Korean line Hanjin, and could potentially add Dubai-based UASC […]
The proposed ocean carrier alliance will include Hapag-Lloyd of Germany; Japan’s MOL, NYK and “K” Line; Taiwan-based Yang Ming; and South Korean line Hanjin, and could potentially add Dubai-based UASC […]
Direct ChassisLink, Inc., which was established in 2012 by its current owner Littlejohn & Co., has grown its equipment fleet to 120,000 marine chassis and 92,000 rail intermodal containers.
Consolidation in the ocean shipping industry is causing drastic changes to the current carrier vessel sharing agreements, but how will it all play out? American Shipper CEO Hayes Howard discusses […]
The supply chain software provider announced three visibility tie-ups to its transportation management system this week, with an eye on creating more real-time data value to marry to its robust […]
A sale could help struggling South Korean shipping conglomerate Hyunda Merchant Marine raise cash as it attempts to restructure its massive debts.
The Danish global transport and logistics provider reported an operating profit of 643 million Danish krone (U.S. $98.59 million) for the quarter compared with first quarter 2015 as it continues […]
Jonathan Kessler, co-founder of the truckload capacity marketplace, often referred to as the “Uber of trucking,” will remain with Cargomatic as chief product officer despite stepping down as CEO.
Lawmakers from key chicken production states, such as Delaware, Georgia and Arkansas, praised the Obama administration’s action to challenge China in the World Trade Organization.
An unnamed OmniTRAX affiliate is purchasing of the Heart of Texas Railroad, which operates 68 miles of track, running west from Lometa, Texas, where it interchanges with BNSF to Brady, […]
The intermodal third-party logistics service provider, itself a subsidiary of Berkshire Hathaway-owned Burlington Northern Santa Fe, LLC, launched BNSF Railway Servicios de Logistica based in Monterrey, Mexico.
The United States saw total steel exports fall 13.5 percent year-over-year in March, and some analysts are forecasting zero or even negative growth in steel exports to Canada during the […]
The third-party logistics provider said it will triple the office space for its fast-growing freight brokerage operations in downtown Reno, Nev.
Commerce Deputy Undersecretary for International Trade Ken Hyatt will lead eight U.S. renewable energy companies on a trade mission to Mexico City May 16-19.
The airfreight carrier will split two Middle Eastern routes, allowing customers to benefit from 83 percent additional capacity for the region.
The Port of Cleveland has commissioned two new mobile harbor cranes for use in its now two-year-old Cleveland-Europe Express service, attracting new shippers like Lubrizol Corp.
SEKO Logistics appoints VP of network development, while Kuehne + Nagel’s global air freight head steps down and Inchcape Shipping Services names VP of North American operations.
The Port of San Francisco Commission this week approved Pasha’s plans to take over Pier 80, which the ocean carrier will primarily use to handle automobile imports and exports, along […]
“Orphan carriers” excluded from the 2M Alliance and the proposed OCEAN Alliance are scheduled to brief the Federal Maritime Commission Wednesday.
The Florida Gulf Coast port recently purchased a 41-acre tract of waterfront land where the authority plans to develop a new terminal for forest products.
The new mobile supply chain solutions provider unveiled its free platform for inputting container weight verification data that integrates with INTTRA’s eVGM solution.
Ports covered by the Global Port Tracker report handled 1.32 million TEUs in March 2016, down 14.2 percent from February and 23.7 percent from an all-time high in March 2015, […]
The Omaha, Neb.-based truckload carrier and logistics services provider has named former President and Chief Operating Officer Derek J. Leathers as its new chief executive officer, effective immediately.
The St. Catharines, Ontario-based shipping company saw Q1 revenues decline 7.8 percent year-over-year due to weak revenues in the Domestic Dry-Bulk segment and Product Tanker segment.
Although Great Lakes limestone loadings from U.S. quarries in April dipped 3.2 percent year-over-year, shipments from Canadian quarries surged 85 percent year-over-year.
Neither Ports America nor owner Oaktree Capital will discuss a possible sale of the nation’s largest port terminal operator, but Yildirim Holdings President Robert Yildirim said talks have advanced to […]
Neither Ports America nor owner Oaktree Capital will discuss a possible sale of the nation’s largest port terminal operator, but Yildirim Holdings President Robert Yildirim said talks have advanced to […]
The Malaysian shipping conglomerate has entered into an agreement to sell its entire stake in the wholly-owned subsidiary MISC Integrated Logistics Sdn Bhd to Swift Haulage Sdn Bhd.
The price of an average container fell 15 percent during the first quarter of 2016, according to a recent report from London-based shipping consultant Drewry Maritime.
GE’s Marine Solutions signed a contract to provide its new power take off/power take in technology to ocean carrier Maersk Line for 11, second generation 19,630-TEU Triple-E containerships.
The French ocean carrier commenced the weekly Baltic Levant Express, operating between North Europe and the Mediterranean with six vessels.
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.
