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The port will need $181.5 million over the next five to 10 years to bring it into good repair and meet current requirements, according to a draft strategic master plan […]
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, MOL, “K” Line, OOCL and NYK issued general rate increases.
Georgia Ports Authority elects chairman and Yusen Logistics Mexico picks new president, while Dayton Freight Lines names corporate account manager and Alliance Shippers appoints national accounts manager.
In order to transport goods beyond its borders, Iowa relies on a network of 10,000 miles of highways, 3,825 miles of tracks used by 18 large and small railroads, and […]
The French ocean carrier transported 2.9 percent more containers, but saw the average freight rate tumble 17.6 percent when compared to the first quarter of 2015.
The ill-fated cargo ship did not have an accurate forecast of the path of Hurricane Joaquin due to delays in the BonVoyage reporting system, according to official testimony from the […]
The U.S. International Trade Commission released a report this week that forecasts U.S. exports related to the Trans-Pacific Partnership, if passed by Congress, will increase by $57.2 billion by 2032.
Rates from Shanghai to North Europe and the Mediterranean fell 13 percent and 13.2 percent, respectively, since last week, but several major ocean carriers plan to increase rates on these […]
Struggling South Korean conglomerate Hanjin Shipping may have caught a break this week as bondholders have agreed to extend the maturity of debts by four months, according to a report […]
The new freight index, which has been under development since 2014, was initially modeled after the Shanghai Containerized Freight Index but with an exclusive focus on air cargo.
The growth in demand for seafarers could generate a serious shortage unless training levels are increased significantly, according to a report by the Baltic and International Maritime Council and International […]
The ocean carrier attributed the reduction in its carbon dioxide emissions primarily to improvements in operational efficiency, fleet and voyage optimization, technical improvements, as well as more fuel-efficient and environmentally-friendly […]
Investment firm HCI Group, along with two other investors from among its shareholders, took over 13 containerships from HSH Nordbank.
The third-party logistics provider formed an agreement with CNH Industrial to manage the company’s agricultural and commercial vehicle spare parts supply chain requirements in Shanghai, China.
Inchcape Shipping Services has named its global compliance officer, while Kane Is Able has hired a senior vice president of human resources.
The 19 ocean carrier members of the Ocean Carrier Equipment Management Association are collaborating with six major East and Gulf coast ports to establish a common streamlined “Terminal Weighing Approach.”
The Puyallup, Wash.-based shipping company’s last call at the Port of Portland, Ore. will be Saturday, May 21.
Sen. John Thune, R-S.D. asked Federal Maritime Commission Chairman Mario Cordero for the agency staff to brief the committee staff on this issue by no later than May 31, 2016.
Third-party logistics provider CJ Korea Express is considering purchasing Netherlands-based CEVA Logistics from private equity firm Apollo Global Management, according to a report from industry news outlet The Loadstar.
Frank Lonegro, chief financial officer of the Class I railway, told investors and analysts at the Bank of America Merrill Lynch Transportation Conference in Boston the company expects volumes to […]
The Northwest Seaport Alliance handled higher volumes of loaded container imports and loaded container exports in April compared to April 2015.
Deutsche Post appointed Tim Scharwath, who until recently served as head of global airfreight at Swiss-based third-party logistics provider Kuehne + Nagel, as chief executive for DHL Global Forwarding, Freight.
The forwarder established the new temperature-controlled logistics center for life science and healthcare products.
Ship owners on Wednesday broke off rate negotiations with struggling South Korean shipping conglomerate Hyundai Merchant Marine without reaching an agreement, according to multiple reports from Korean media outlets.
Iowa uses sophisticated supply chain modeling to map future freight transportation infrastructure.
Ship owners on Wednesday broke off rate negotiations with struggling South Korean shipping conglomerate Hyundai Merchant Marine without reaching an agreement, according to multiple reports from Korean media outlets.
Parcel giant FedEx declared its $4.8 billion offer for the Netherlands-based global package delivery firm “unconditional,” meaning all predetermined terms have been either met or waived, according to a joint […]
Approximately 37.5 percent of imports to the United States were contracted by non-vessel operating common carriers in the first quarter of 2016, according to research firm Datamyne.
The new shipping line will commence a new service between China and Australia, which will deploy five ships with a nominal capacity of 5,000 TEUs.
Throughput at the Cai Mep International Terminal in Vietnam, an APM Terminals facility, surged 130 percent year-over-year to 277,303 TEUs during the first quarter of 2016 thanks to the addition […]
Greg Fox, executive vice president of operations at BNSF Railway, will be succeeded by current Senior Vice President of Transportation Dave Freeman, effective June 1, 2016, but will stay with […]
The port said it wants to have 3,000 drivers using the new application, which allows them to view waiting and transaction times at container terminals, by June.
The German ocean carrier will add calls to its Mediterranean Gulf Express service, which operates between the Mediterranean, the Caribbean and the East Coast of North America.
The U.S. Commerce Department said Chinese producers and exporters of cold-rolled steel to the U.S. will receive a dumping margin of 265.79 percent, while Japan’s cold-rolled steel producers and exporters […]
The Thailand-based container shipping line experienced a net loss of 243 million Thai Baht (U.S. $6.8 million) in the first quarter of 2016, compared to a net profit of THB […]
The inland river port’s reconstructed 720-foot dock is equipped with a 200-ton bridge crane and over 6,000 track feet of new rail.
The cargo airline said it will become the only carrier to fly direct from its London Heathrow hub to the Santiago International Airport.
Schenker Inc. gains new U.S. CEO and XPO Logistics appoints chief transformation officer, while CEVA Logistics picks aerospace VP and GAC North America names regional commercial director for oil and […]
A sense of what the container shipping industry may look like a year from now has started to emerge as ocean carriers seek to avoid a financial wreck from overcapacity […]
An American Shipper report released Tuesday found that nearly three-quarters of shippers and forwarders believe they will have containers held when the new verified gross mass mandate kicks in July […]
Shipment volumes and expenditures in April 2016 grew 0.6 percent and 0.2 percent, respectively, compared with March, but both remained well below 2015 levels, according to the latest Cass Freight […]
However, the growth will still be enough to add about 680,000 TEUs of capacity, resulting in the world’s container fleet surpassing the 20 million-TEU mark.
The company’s Hy-Weigh hydraulic jack system, designed to help shippers comply with new verified gross mass requirements, attaches to the four corners of a cargo container in order to weigh […]
The Danish third-party logistics provider is emptying its bank accounts of British pounds to minimize currency risks associated with the United Kingdom’s potential exit from the European Union, according to […]
Negotiations between the HNA Group and CWT’s controlling shareholder, C & P Holdings, follows an agreement in February to acquire California’s Ingram Micro and an April announcement it would buy […]
The French sea port handled 304,664 TEUs from January to March 2016 as container throughput grew 3 percent at terminals in Fos, but dropped 27 percent at Marseille facilities.
The asset-light transportation and logistics provider began offering expedited less-than-truckload freight service from Chicago to the metropolitan areas of Los Angeles, Atlanta and Dallas.
The less-than-container-load service will receive freight in Shanghai, Dalian, Guangzhou, Hong Kong, Ningbo, Qingdao, Shenzhen, Tianjin and Xiamen.
The Chatham, N.J.-based non-vessel-operating common carrier’s new office in Sofia, Bulgaria will provide less-than-container-load and full-container-load import and export services.
INTTRA appoints new CFO, while the Coalition for America’s Gateways and Trade Corridors elects officers and the Canadian government names board member to the Halifax Port Authority.
The Railroad Emergency Services Preparedness, Operational Needs, and Safety Evaluation Act provides training and resources for emergency responders to handle potentially hazardous incidents, such as crude oil train derailments.
COSCO Pacific, the port terminal operator arm of Chinese conglomerate COSCO Group, will pay 125.4 million euros ($143 million) for a 35 percent equity interest in the Europe Container Terminals […]
Christian Blauert has been appointed the new chief executive officer of Yilport Holding, effective June 1, 2016.
Class I railroad Union Pacific and third-party logistics services provider Katoen Natie will set up a new transload service in Dallas for plastic pellet producers to export overseas.
The temperature-controlled air cargo container manufacturer opened a new service station in Delhi, India today.
The South Korean ocean carrier’s results for the quarter were hindered by continuously falling freight rates and the imbalance of supply and demand.
Ports that insist on “no doc/no gate” policies with regard to verified container weights could lose business, the company’s export manager says.
The German ocean carrier posted a net loss of 42.8 million euros (U.S. $48.4 million) on revenues of 1.93 billion euros.
Port of Portland, Ore. Executive Director Bill Wyatt told the Portland Business Journal low crude oil prices have caused trucking rates to drop well below expected levels, making direct container […]
However, the port’s outbound container volumes fell 1.1 percent year-over-year in April to 144,103 TEUs.
Patrick Ottensmeyer has been named chief executive officer of the Kansas City, Mo.-based Class I railroad, effective July 1.
Truckload pricing dipped another 2.3 percent in April 2016 compared to the same 2015 period following a 0.6 percent decline in March, the first negative pricing change since May 2010, […]
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.
