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The investment bank’s transportation services research team projects higher earnings per share for several of the North American Class I railways, but stock prices have gone up to reflect a […]
The integrated logistics provider posted net profits of 53 million Kuwaiti Dinars (U.S. $176 million) in 2015 on revenues of 1.3 billion Kuwaiti Dinars, according to the company’s most recent […]
Heavy fuel oil leaking from the TS Taipei, which ran aground March 10 and split in two late last week, has contaminated approximately 1.24 miles of coastline in northern Taiwan, […]
The new weekly China Russia South service operated by Hyundai Merchant Marine, FESCO and CMA CGM merges two prior loops.
The cargo-dedicated airline saw net profits after tax increase to $49 million for the full year in 2015, compared with $3 million in 2014.
The U.S. Surface Transportation Board is seeking public comment on its proposal to revoke existing class exemptions from railroad transportation regulations on certain commodities.
Chattanooga, Tenn.-based Dynamo, a self-described “logistics accelerator” led by three former supply chain executives, is accepting applications through May 8, 2016.
The Nigerian Export-Import Bank and Nigerian Shippers Council are collaborating to establish a regional shipping line, according to a report from the Lagos-based Vanguard newspaper.
The independent containership owner and manager took delivery of the MOL Benefactor, which will operate between Asia and the Middle East.
MOL announces management promotions, while Cargomatic names two VPs and Norfolk Southern appoints HR VP and board audit committee chair.
A group of some of the largest international trade associations has asked the Obama administration to press forward with key aspects of the Export Control Reform (ECR) Initiative.
The French ocean carrier appears to be participating in a recent trend by lines to skirt canal fees by sailing around the Cape of Good Hope at the southern tip […]
“You want the volume to come, you want big ships to come, but you just don’t have the infrastructure to handle them,” Seaspan Corp. Chief Executive Gerry Wang said of […]
However, freight rates are still struggling and, according to shipping research and consulting firm Drewry, although consolidation may be a route to survival for some carriers, it can also create […]
The hull of the TS Taipei, which has been grounded off the coast of Keelung, Taiwan since March 10, cracked down the middle yesterday, spilling fuel and putting the containership […]
The International Longshore and Warehouse Union endorsement comes a month after the AFL-CIO, the largest federation of unions in the United States, chose not to endorse a candidate.
The chairman of the Senate Permanent Subcommittee on Investigations is seeking answers to why the Army Corps of Engineers’ budget to dredge the Cuyahoga River Ship Channel for the Port […]
The Port of Oakland’s total container volumes (both full and empties) stood at 188,139 TEUs for the month, a 54.2 percent increase from February 2015.
A new anti-pest protocol is enabling ports like Savannah to receive fruit from South America, shortening the supply chain and giving consumers a fresher product.
Bay Ferries will charter the high speed boat, built to carry passengers and freight between the Hawaiian Islands, from the U.S. Navy to operate between Portland and Yarmouth, Nova Scotia.
The United States imported 2.21 million net tons of steel in February, 16.5 percent less than January and 38.3 percent less year-over-year.
The U.S. Army Corps of Engineers officially opened the Soo Locks, in Sault Ste. Marie, Mich. today at 12:01 a.m., the Great Lakes Seaway Partnership said.
The mobile harbor crane was moved from Sundahöfn, Iceland, where a different mobile harbor crane was scheduled to go into operation this month.
The fund will prioritize orders for 13,000-TEU containerships, potentially supporting an additional 15 to 20 vessel orders, according to an investment advisory note from Wells Fargo.
While Brussels Airport remains closed to passenger travel in the aftermath of Tuesday’s deadly terrorist attack, cargo-only flights are now permitted to operate on a limited basis at the Belgian […]
The International Air Transport Association has become a formal complainant in a European Commission investigation into alleged anti-competitive behavior on the part of aviation equipment manufacturers, but is not asking […]
The Israeli ocean carrier reported a $28 million loss in the fourth quarter, much larger than the $7 million loss in the fourth quarter of 2014 despite year-over-year volume growth […]
Supply chains throughout the world were hindered by $22.6 billion in losses from cargo theft and $33 billion in losses from the top five natural disasters during the year, according […]
Hardwood flooring retailer Lumber Liquidators has reached an agreement with the California Air Resources Board to resolve a previously disclosed inquiry regarding certain laminate flooring products sourced from China.
The U.S. Transportation Department this week initiated a proceeding to invite American air carriers to apply for available daytime flight slots at Tokyo’s downtown Haneda airport.
The Atlanta, Ga.-based supply chain technology firm purchased NDC Automation, an automated guided vehicle and software provider in Australia and New Zealand, for an undisclosed sum.
The airfreight carrier is scheduled to launch a new Cape Town, South Africa service in November, which will operate three times a week from London Gatwick with a B777-200.
The Swedish Port is increasing its storage for crude oil with the addition of a 600,000-cubic-meter cavern.
The airport handled 15.3 million pounds of airfreight in February and 462,123 pounds of air mail, a year-over-year increase of 8 percent and 10.2 percent, respectively.
The Khapra Beetle larvae was discovered at the Port of Baltimore inside a 55,000-pound shipment of cumin seed from India.
Union Pacific names president of ShipCarsNow subsidiary, while Cargotec appoints CFO and TIACA elects Emirates VP to board.
A televised broadcast of the first ship to transit the widened Central America waterway will follow testing of new locks earlier in the month.
A televised broadcast of the first ship to transit the widened Central America waterway will follow testing of new locks earlier in the month.
The German national railroad experienced a net loss of 1.3 billion euros for the 2015 fiscal year, while revenues topped 40 billion euros.
The seasonally adjusted For-Hire Truck Tonnage Index equaled 144 for the month, an all-time high for the index and an 8.6 percent increase compared with February 2015, according to the […]
Major freight railroads in the United States employed 154,212 workers as of the middle of February, down 1.53 percent from the previous month and 10.44 percent year-over-year, according to data […]
Norfolk Southern Corp. plans to spend $8.2 million to expand its headquarters in Norfolk, Va. as part of an overall plan to consolidate its corporate offices, according to a statement […]
The Dubai, United Arab Emirates-based terminal operator expanded its terminal at the Port of Melbourne by 30,000 square meters, increasing the terminal’s handling capacity to 1.4 million TEUs a year.
Maersk’s third-party logistics subsidiary entered into a five-year partnership agreement to be Bettenwelt’s sole inbound logistics partner for shipments from Asia to Germany and Spain.
The German container carrier attributed its swing to a $127.5 million profit in 2015 from a $675.6 loss in 2014 to the merger with Chilean carrier CSAV, internal cost-cutting, and […]
APL expects to benefit from CMA CGM’s decision to maintain its longtime brand.
TRAXENS seeks to make its container-tracking technology an industry standard.
Establishing landed costs for the products that a company handles can be difficult and convoluted. All businesses that import or export need to understand what the total cost of […]
We all love and hate comparisons—we love when they’re made about others and hate when they’re made about us. That is why it’s so interesting to throw out the following […]
Last month, this column examined the possibility of a merger between struggling South Korean shipping conglomerates Hanjin Shipping and Hyundai Merchant Marine (“Who’s next for liner M&A?,” page 30). Mentioned […]
Persistently weak export growth is an obstacle to U.S. economic growth and prosperity. Workers displaced by substitution of foreign-produced goods for domestic production should find employment in export-oriented industries. Unfortunately, employment […]
Undoubtedly, you’ve seen trucks carrying oversize loads accompanied by “pilot” or “escort” cars decked out with flags and caution signs. The lead car generally has a pole that is several […]
Keith Andrey, VP of global freight forwarding for UPS, says carriers are also more interested in offering intermodal pricing this year in order to secure cargo volumes in a historically […]
South Korean ocean carrier Hanjin will operate all five of the 4,000-TEU vessels on the China America Express service, which is scheduled to commence in May.
At least 4,000 longshoremen at the Port of Santos in Brazil went on strike yesterday, but dry bulk vessel operations were unaffected, according to a statement from the Associacao Brasileira […]
The Saint Lawrence Seaway officially opened yesterday, along with the Welland Canal, which connects Lake Ontario and Lake Erie, while the Montreal/Lake Ontario section of the St. Lawrence Seaway is […]
The Atlanta, Ga.-based shipping and logistics provider’s earliest small package and delivery service, UPS Next Day Air Early, added 12,680 U.S. zip codes to its network.
Union Pacific Railroad has increased train speed from 40 mph to 60 mph on a 7.5-mile stretch between Bonanza Road and Maule Avenue in Clark County, Nev., according to a […]
The Netherlands-based third-party logistics provider renewed its contract with and expanded its services for Ford Motor Company at Ford’s Louisville Assembly Plant in Louisville, Ky.
Maritime services provider Inchcape Shipping Services opened a new office in Veracruz, Mexico, its fourth office in the country.
The United States East Coast port handled 307,035 TEUs for the month, an 8 percent increase compared with February 2015.
The Singapore-based port terminal operator posted a net profit of $1.27 billion Singapore (U.S. $934.54 million) on revenues that fell 6.7 percent to S$3.57 billion compared with the previous year.
Ocean carrier Evergreen Line is joining the Ocean3 Alliance’s Phoenician Express/BEX2 as a vessel provider, while COSCO began participating on the loop two weeks ago as a slot purchaser.
United States truck trailer net orders totaled 21,300 units for the month, a 21 percent increase from January and 2 percent bump from February 2015.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL, MOL, APL and Emirates Shipping Line issued general rate increases.
XPO Logistics appoints independent director, while essDOCS names chief commercial officer.
The European shipper group says a proposal by the European Commission to reform the way liner carriers announce general rate increases does not go far enough and the competition watchdog […]
South Korean shipping conglomerate Hyundai Merchant Marine’s attempt to renegotiate charters could affect owners such as Greece’s Danaos.
The national maritime shipping line of Iran resumed calls to North Europe this week with its European Container Line service, which operates with two 2,478-TEU vessels.
Seven of the 15 routes measured by the Shanghai Containerized Freight Index fell to all-time lows this week, according to Richard Ward, a container derivatives specialist at Freight Investor Services.
The Dubai, United Arab Emirates-based global port operator said slower volume growth at its terminal operations in 2015 was offset by revenues from the recent purchase of Economic Zones World […]
Truckload pricing grew just 0.5 percent year-over-year in February, causing analysts at Avondale Partners to adjust their pricing forecasts downward to a range between -1 percent and 2 percent for […]
Global terminal operator APM Terminals said it’s moving forward with development of its new semi-automated Lázaro Cárdenas Terminal 2 (TEC2) project on the West Coast of Mexico, representing an overall […]
The German cargo airline’s earnings before interest in tax totaled 3 million euros (U.S. $3.4 million) for the year, a 97.6 percent decline from 2014.
Rates fell another 3.8 percent for the month compared to February of last year, the 14th consecutive month prices have decreased, according to the latest Cass Intermodal Price Index.
DB Schenker and GLS Group announced an agreement Friday to jointly provide parcel delivery services throughout Germany.
Premium Transportation Services, which does business as Total Transportation Service Inc., cited industry, political and legal headwinds as reasons it filed for federal bankruptcy protection in Delaware on Monday.
Brookfield Infrastructure and Qube Holdings have ended their bidding war for Asciano Ltd., partnering with several global funds to purchase the Australian rail and port operator in a deal worth […]
The Class I railway said the decision to lay off workers at the railyard and mechanical facilities in Russell, Ky. was a direct result of a continued slump in coal […]
International Union of Marine Insurers says there has been an increase in damage to engines from “cat fines,” with incidents costing anywhere from $300,000 to $1 million, adding that “the […]
Sen. Amy Klobuchar, D-Minn., introduced an amendment to the Federal Aviation Administration Reauthorization bill that would eliminate the exclusion of all-cargo operators from the FAA’s new Flightcrew Member Duty and […]
The Rotterdam-based ocean carrier doubled down on its West Africa operations by acquiring the multi-purpose division of Maersk Line subsidiary Safmarine.
The Pacific Northwest port posted increases in volumes of steel, project cargo, grain and automobiles in 2015.
The illegal narcotics, valued at over $6 million, were discovered inside a refrigerated container consisting of frozen pineapples from Costa Rica.
The Tokyo-based third-party logistics provider broke ground on a new logistics center in Mexico’s Bajio region, which has become a hub for the automotive industry.
The inland river port in northeastern Oklahoma saw barge tonnage skyrocket 40 percent month-over-month in February to 186,951 tons.
The Memphis, Tenn.-based integrator reported a net income of $507 million on revenues of $12.7 billion for the third quarter of fiscal year 2016, which ended Feb. 29.
Maritime Administrator Paul Jaenichen, Sr. told the House Subcommittee on Coast Guard and Maritime Transportation he sees the United States moving from “amber” to “red” on the national security scale […]
The Federal Railroad Administration’s proposed regulations would require two engineers on all trains except for “operations that FRA believes do not pose significant safety risks to railroad employees, the general […]
New rules from the Office of Foreign Assets Control and Bureau of Industry and Security make it easier for importers, exporters, transportation providers and banks to conduct commercial transactions with […]
The Commerce Department has determined that imports of certain hot-rolled steel flat products from Australia, Brazil, Japan, South Korea, the Netherlands, Turkey, and the United Kingdom are being dumped on […]
XPO Logistics has been awarded a contract to manage frozen food retailer Iceland Foods’s supply chain and a reverse logistics contract by Aldi, a discount supermarket chain based in Germany.
The United States sentenced two German shipping companies, which operated the vessel BBC Magellan, for attempting to hide an oily bilge dumping scheme.
The United States exported 782,172 net tons of steel in January, a 7.8 percent increase from December, but a 15.5 percent decline year-over-year.
Leaders of the global transportation industry signed a declaration yesterday at the Buckingham Palace to fight criminal wildlife trafficking.
The Omani port received four new post-Panamax quay cranes from Shanghai-based equipment manufacturer ZPMC.
UPS Inc. Chief Executive Officer David Abney’s salary grew another 35 percent for the year after a nearly 105 percent increase in 2014, according to a report from the Wall […]
Ethiopian Airlines Cargo is scheduled to resume operations at Brussels Airport March 26, offering direct flights to Dubai, Shanghai, Hong Kong and Guangzhou.
Third-party logistics provider Arvato SCM Solutions will provide distribution and value-added services at its new facility in Gennep, the Netherlands.
Reading & Northern Railroad appoints forest products VP, while ICC Logistics Services names CCO and the Long Beach Harbor Commission picks directors.
