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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. […]
The relevance of rail Almost everything that affects domestic freight flows has been changing. U.S. imports have continued to grow, but some of their sources have shifted away from China […]
Abandoned cargo can be a problem for carriers, intermediaries, and other businesses. Two lawsuits from last year revolving around abandoned containers filledwith used tires were discussed by Vincent M. DeOrchis, […]
Mega-retailers and manufacturers today realize the value of having top-notch supply chain management executives within their ranks as important problem-solvers and facilitators to improve bottom lines. In recent years, many […]
Lawsuits involving supply chain executives have become increasingly frequent, including Amazon suing Arthur Valdez, who left to work as Target’s chief supply chain and logistics officer, and an XPO Logistics […]
Overall revenues for NYK, MOL and “K” Line fell 5.4 percent, 6 percent and 8.1 percent, respectively, for the last fiscal year ended March 31, 2016.
The Atlanta, Ga.-based parcel giant posted a net income of $1.1 billion for the first quarter of 2016 on revenues of $14.4 billion, year-over-year increases of 10.2 percent and 3.2 […]
Legislation introduced into the California State Senate by Sen. Ricardo Lara would provide an exemption from sales and use tax for terminal operators purchasing zero or “near zero-emission” equipment.
Recovery of the ill-fated TOTE Maritime general cargo ship’s voyage data recorder under 15,000 feet of water presents a “formidable challenge,” but National Transportation Safety Board investigators hope to complete […]
Gary LaGrange, president and chief executive officer at the Port of New Orleans, announced plans to retire in April 2017, at the time his current contract expires.
A new report from the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration revealed fatal crashes involving large trucks fell 3.7 percent year-over-year in 2014.
Freight brokerage and third-party services provider Echo Global Logistics reported non-GAAP diluted earnings per share of $0.24 on revenues of $405.3 million for the quarter, in-line with consensus analyst expectations.
Truckload pricing dipped 0.6 percent in March 2016 compared to the same 2015 period, the first negative pricing change in nearly six years, according to the latest Cass Truckload Linehaul […]
A total of 1.7 million square feet of warehousing has recently been completed in Savannah, Ga., while over 1.9 million square feet is under construction and a 2,700-acre development was […]
Rates fell another 3 percent for the month compared to March of last year, the 15th consecutive month prices have decreased, and analysts with Avondale Partners expect this trend to […]
COSCO Pacific Ltd. re-designates executive director and vice chairman, while “K” Line nominates managing executive director, outside directors, and supervisory board members
The April 27 AS Daily news report included a mistake in the name of Ryder’s TranSync product.
The National Transportation Safety Board hopes to recover the voyage data recorder and use it in the agency’s investigation into why the TOTE Maritime general cargo vessel sank last fall, […]
Jim Newsome, director of the South Carolina Ports Authority, is arguing for weighing containers at terminals to meet new international safety rules, but the Port of Long Beach says using […]
Meanwhile, the ocean carrier alliance members reconfirmed their current cooperation scheme on east-west trades until the end of March 2017.
The canal authority will conduct a lottery on Friday to select which of its top 15 customers will be in the spotlight with the historic first passage through the Central […]
Pier 80 in San Francisco, Calif. could handle up to 150,000 automobiles annually as well as other sorts of roll-on/roll-off and breakbulk cargo, the ocean carrier said in a recent […]
The Eden Prairie, Minn.-based third-party logistics provider posted a net income of $119 million on revenues of $3.1 billion for the first quarter of 2016.
Canadian National Railway increased net income 13 percent year-over-year to C$792 million (U.S. $627.53 million) in the first quarter of 2016 earnings on revenues that fell 4 percent to C$2.96 […]
Shipment volumes grew 1.4 percent during the month, but expenditures declined 1 percent from February, according to the latest Cass Freight Index Report.
However, the temperature-sensitive truckload carrier’s operating revenues inched up 0.4 percent year-over-year for the quarter to $161.9 million, despite significantly lower fuel surcharges.
The seasonally adjusted For-Hire Truck Tonnage Index equaled 137.6 for the month, down 4.5 percent from an all-time high of 144 in February but up 2.2 percent compared with March […]
The North Liberty, Iowa-based trucking and logistics company experienced a 13.2 percent year-over-year decline in revenues for the quarter to $162.8 million, partially fueled by the sharp drop in fuel […]
Satellite Logistics Group names senior sales director, while Integrity Logistics selects new president.
Federal Maritime Commissioner William P. Doyle praised the statement from ocean carrier group OCEMA, but noted officials “still need to address an important liability issue for the shippers” in order […]
The National Transportation Safety Board hopes to recover the voyage data recorder and use it in the agency’s investigation into why the TOTE Maritime general cargo vessel sank last fall, […]
The 3rd Circuit U.S. Court of Appeals decision, which relies on a 1866 Supreme Court opinion, is being heralded as a victory for ocean carriers.
The produce third-party logistics specialist is soliciting an additional partner to help support its geographic and service expansion.
Commercial shipments currently produce half of California’s toxic diesel-soot emissions and 45 percent of the nitrogen oxide that plagues Los Angeles, but automation could help Governor Jerry Brown achieve his […]
The sale of a relatively young 5,447-TEU post-panamax vessel “does not appear to be a one-off event,” according to the mapping, ship search and valuation service VesselsValue.
India and Russia have become the 76th and 77th countries, respectively, to ratify the World Trade Organization’s Trade Facilitation Agreement (TFA).
Kansas City Southern’s net income grew 6.8 percent to $108.1 million in the first quarter of 2016 on revenues that dropped 7 percent compared to the previous year, according to […]
The World Customs Organization has produced a case study to help better illustrate how customs authorities take into account transfer pricing information during verification of a cross-border shipment’s customs value.
Annualized turnover rates at large truckload fleets grew two percentage points to 102 percent, while turnover at smaller fleets surged 21 points to 89 percent in the fourth quarter of […]
The locks are scheduled to undergo a technological upgrade this summer to replace a half-century-old master control system that opens and closes the waterway passage.
The cargo division of Virgin Atlantic will commence its seasonal service between Chicago and London Heathrow tomorrow.
Cargotec subsidiary MacGregor has been contracted to supply two bulk carriers for Algoma, a Canadian Great Lakes shipping company, with gravity self-unloading systems.
The cargo airline commenced a new service from Abu Dhabi, United Arab Emirates to Muscat, along with a new service from Abu Dhabi to Kuwait.
A drayage driver has developed a mobile phone application designed to allow truckers to swap empty cargo containers in the field instead of at marine terminals.
The Netherlands-based third-party logistics company reported an operating loss of 1 million euros (U.S. $1.13 million) on revenues that fell 2.2 percent year-over-year for the first quarter of 2016 to […]
Number four U.S. railway Norfolk Southern reported net income of $387 million for the first quarter compared with $310 million during the same 2015 period, according to the company’s most […]
The EUROGATE consortium signed a contract with Cypriot Transport Ministry today for the takeover of Limassol Container Terminal.
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd have issued general rate increases.
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued general rate increases.
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued general rate increases.
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd announced general rate increases.
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued rate increases on various trades.
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd announced general rate increases.
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued general rate increases on various trades.
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd announced general rate increases.
Meanwhile, the European Commission Competition Directorate has set a “provisional deadline” for a decision on CMA CGM’s purchase of APL parent Neptune Orient Lines for this Friday, April 29.
The proposed alliance would become a dominant player in the three major east-west trades, beating out total capacity currently offered by the 2M Alliance on those trade lanes, according to […]
The ocean carrier posted revenues of $6.1 billion for 2015, a 16.8 percent increase compared to 2014.
The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index fell from a reading of 472.07 last week to a reading of 457.70.
The ocean carrier alliance will deploy 10,000-TEU vessels on its new NYX loop between Asia and the U.S. East Coast.
The Japanese ocean carrier saw revenues fall 17.1 percent year-over-year in the first quarter of 2016 to $1.1 billion.
The agreement between Rickmers and Bahri includes port calls on the U.S. East and Gulf coasts, as well as ports in Saudi Arabia, Egypt, Jordan, Kuwait, the United Arab Emirates, […]
The Federal Railroad Administration released data illustrating how there are 15 crossings across the United States where at least 10 incidents occurred over the last decade.
The Swiss-based third-party logistics provider broke ground on a multi-purpose logistics center in Contern, Luxembourg.
The inland river port’s inbound waterborne cargo throughout in March primarily consisted of fertilizer.
Shippers should think about supplying container weight data to ocean carriers ahead of the July 1 start date if they ship cargo that transfers to a second vessel in another […]
Absence of balanced SOLAS enforcement will lead to competition distortion and significant interruption to supply chains, European logistics organizations warn.
The International Air Cargo Association said the industry, especially the intermediaries, has a role to play in keeping products that infringe on intellectual property rights out of the supply chain.
Agriculture shippers ask Senate for help with overcoming “significant challenges” in ocean shipping that could hurt the American economy.
Federal Maritime Commission Mario Cordero said Wednesday the agency has not yet received a formal filing by the container carriers that plan to establish the new OCEAN Alliance.
The decision is a reversal of plans announced in March, when the ocean carrier said it would deploy its flagship fleet of six, 18,000-TEU containerships between Asia and the United […]
Investment firm HCI Capital has taken over Hamburg-based shipping company Ernst Russ GmbH & Co., with its fleet of seven container and four ro/ro vessels.
The port’s throughput rose 0.2 percent year-over-year in the first quarter of 2016, as an increase in crude oil and oil products was offset by a drop in dry bulk […]
The global third-party logistics provider posted revenues of 5.6 billion euros for fiscal year 2015, a 6.5 percent year-over-year increase.
German ocean carrier Hapag-Lloyd revealed it is discussing a possible merger with United Arab Shipping Company.
German ocean carrier Hapag-Lloyd revealed it is discussing a possible merger with United Arab Shipping Company.
