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The Australia arm of global freight forwarder Yusen Logistics purchased Hitech Asia Pacific to diversify its supply chain offerings and gain access to high-profile customers like Canon, Siemens, General Electric, […]
The Senate Committee on Commerce, Science and Transportation is scheduled to hold a vote today on President Obama’s nomination of acting administrator of the Federal Motor Carrier Safety Administration T.F. […]
Meanwhile, the airline began offering belly-hold capacity between Doha and Sydney this week.
A total of 7,218 cargo thefts were reported in the state of Rio de Janeiro throughout 2015, a 22.6 percent increase from 2014.
Kuehne Holdings names president and Matchback Systems appoints IT VP, while Kuebix and CSX pick VPs of engineering.
Meanwhile, shares of CSX saw a bump this week on rumors that Canadian Pacific in January made an offer to purchase the U.S. Class I railway amid its highly public, […]
Operations management at the number four U.S. railroad will now be run out of two distinct regions as part of a cost-saving initiative designed to stem profit declines.
Swiss-based third-party logistics provider Kuehne + Nagel posted net profits of 679 million Swiss Francs for 2015, a 5.4 percent increase from 2014.
The supply chain management software company posted a net profit of for $543K in the third quarter of its fiscal year 2016, which ended Jan. 31, up slightly from $467K […]
The commercial telematics company recently unveiled its Falcon GCT3100i product, an asset tracking solution designed to provide shippers with complete visibility into chassis location and load status.
The Class I railway’s Site Select program identifies development-ready properties along the CSX network where zoning requirements and due diligence have already been taken care of in order to help […]
The non-vessel operator will devan cargo, store it in warehouses and ship to customers throughout Ireland.
National Foreign Trade Council President Bill Reinsch issued a response to the U.S. Department of Agriculture making public its final rule to repeal U.S. country-of-origin labeling requirements for beef, chicken […]
Delmas, which was acquired by the CMA CGM Group in 2006, officially began operating under the CMA CGM name yesterday.
The American Association of Exporters and Importers will hold its 95th annual conference in Arlington, Va. June 5-7.
A senior advisor for the World Shipping Council told the TPM 2016 conference in Long Beach, Calif. the group is troubled by the United States Coast Guard’s interpretation of the […]
After costly “mistakes” in the roll out of a unified IT platform, the freight forwarding division of Deutsche Post DHL Group has a clearer path forward, CEO Frank Appel told […]
Non-asset based supply chain management provider CEVA Holdings LLC grew its adjusted earnings 13.8 percent to $272 million in 2015 despite revenues dropping 10.3 percent compared to the previous year.
The Berkshire Hathaway-owned BNSF Railway Company reported net income of $4.92 billion in 2015, an 11.8 percent jump from the previous year, according to the company’s most recent financial statements.
Overseas Express Consolidators Canada Inc. has acquired Ryder CRSA Logistics in Canada and its overseas interests in Hong Kong and Shanghai.
Chinese container carriers COSCON and China Shipping officially began a merger of the two companies today with the signing of a series of leasing contracts for containerships and containers.
The new feeder loop between the Caribbean and the North Atlantic Coast of South America will connect to the Israeli ocean carrier’s global service network through ZIM’s hub in Kingston, […]
Maersk’s third-party logistics subsidiary has opened a larger logistics facility in Vietnam’s Binh Duong province “in preparation for the upcoming years of strong economic growth” in the country, the company […]
Under a new pricing structure, surcharges related to fuel will be rolled into Alaska Air’s base rates and customers will now be only charged by freight weight and a single […]
Dachser USA Air & Sea Logistics has opened an office in the Minneapolis area to continue growing its Midwest footprint.
The Global Consolidators Working Group sent an open letter to the International Maritime Organization asking for a “status update” on how member states will implement and enforce the new verified […]
The Global Consolidators Working Group sent an open letter to the International Maritime Organization asking for a “status update” on how member states will implement and enforce the new verified […]
Starting today, drayage drivers working for XPO Logistics subsidiaries XPO Cartage and XPO Port Services in the ports of Los Angeles and Long Beach plan to join truckers that have […]
Canadian Pacific has received three letters from rail shippers in support of its proposed acquisition of Norfolk Southern Corp. for every one customer opposition letter, according to a statement from […]
Both the Shanghai Containerized Freight Index and the Ningbo Containerized Freight Index tumbled last week, continuing a worrisome trend for ocean carriers.
Swiss-based global freight forwarder Panalpina was able to hold the line on profits in 2015 despite a decline in both airfreight and ocean volumes, according to the company’s most recent […]
Major U.S. retailer Target Corp. has hired Arthur Valdez, formerly of Amazon, as executive vice president and chief supply chain and logistics officer, effective March 28.
Kansas City Southern Railway will start its positive train control Field Integration Testing to evaluate existing PTC technologies and hardware prior to full implementation.
Richard Biter says March 1 will be his last day as assistant secretary for intermodal systems development at the Florida Department of Transportation as he is scheduled to undergo cervical […]
The United States on Friday asked the Peruvian government for the first time under PTPA to verify that a 2015 timber shipment complied with the South American country’s forestry laws.
The Washington, DC-based Eno Center for Transportation has appointed Robert J. Puentes, current head of the Metropolitan Infrastructure Initiative at the Brookings Institution, as president and chief executive officer, effective […]
New orders for manufactured durable goods grew 4.9 percent to $237.5 billion in January 2016 following two consecutive monthly decreases, according to data from the United States Census Bureau.
U.S. steel imports have risen significantly at the start of the year, but overall volumes have remained far below those levels experienced in early 2015, according to the American Institute […]
Panalpina designates a new chairman and CEO, while the Port of Oakland names new aviation director and Greenbrier Cos.’s chief commercial officer departs.
Consolidation among ocean carriers is needed if the industry is to right itself, and even that might not be enough to save some companies, according to a new study from […]
The Baltic Exchange confirmed it is in “confidential discussions with selected third parties regarding its future strategy and ownership,” and Singapore Exchange has reportedly submitted a non-binding bid for the […]
The French ocean carrier will also drop a call in Qingdao and add calls in Charleston, Tangiers, and Singapore to its Pacific Express 3 loop between Asia and the United […]
A handful of U.S. senators and representatives introduced legislation Thursday that will make permanent a track maintenance tax credit for the nation’s short line railroads.
Menlo Park, Calif.-based crowdsourced parcel carrier Deliv raised $28 million in Series B funding from the UPS Strategic Enterprise Fund and existing investors, which it will use to support the […]
The U.S. Department of Transportation has entered a memorandum of understanding to assist the Puerto Rico government with reducing its highway project delivery times and restructuring its Highway and Transportation […]
The freight airline created from the merger of British Airways World Cargo and Iberia Cargo in April 2011 posted $1.12 billion in revenues on flat volumes as capacity grew 3 […]
Crude oil shipments in 2015 accounted for 1.4 percent of all carloads originating in the United States, down from 1.6 percent in 2014, according to updated data from the Association […]
The Florida East Coast Railway’s online tool is designed to simplify booking between certain destinations in the Southeast.
The Federal Aviation Administration has proposed a $117,480 civil penalty against Holtkotter Leuchten Gmbh of Germany for allegedly violating federal hazardous materials transport rules.
United States Coast Guard officials initially did not think the lost TOTE Maritime general cargo vessel was in danger of sinking, according to testimony from the Marine Board of Investigation […]
Disagreements have erupted between the children of Y.F. Chang, the deceased founder and chairman of the Evergreen Group, which owns ocean carrier Evergreen Line and EVA Air among others.
Most of the $179.7 million loss was due to impairment losses as the company sold off dry bulk ships operating in international market to reduce debt, according to the ocean […]
The new service from Semarang Airport will be faster and more reliable than trucking cargo 310 miles to the Jakarta airport, according to PT. Yusen Logistics.
Truckload pricing grew just 0.4 percent for the month compared to January 2015, the fifth consecutive month of waning increases, according the latest Cass Truckload Linehaul Index.
Rates fell another 2.2 percent in January compared to last year, the 13th consecutive month prices have decreased, according to the latest Cass Intermodal Price Index.
The roll-up third-party logistics provider posted a loss for 2015 due to many acquisition-related costs, but operating performance improved with the help of new logistics contracts, according to CEO Brad […]
The global logistics and freight forwarding company reported net earnings attributable to common stockholders of $114.45 million in the fourth quarter, up from $99.38 million during the same 2014 period.
The U.S. Transportation Department said $500 million will be made available for transportation projects as part of round eight of the administration’s Transportation Investment Generating Economic Recovery competitive grant program.
The ever-increasing size of containerships and large scale vessel sharing alliances are causing more volatility in the industry, according to a report in the latest edition of Drewry’s Container Insight […]
The seasonally adjusted For-Hire Truck Tonnage Index for January 2016 equaled 132.8, down from 134.7 in December but flat compared with January 2015, according to the American Trucking Associations.
The Federal Aviation Administration has proposed a $275,000 civil penalty against Atlas Airlines for allegedly operating an improperly repaired Boeing 747 cargo plane.
The Jacksonville, Fla.-based Class I freight railway currently has a market capitalization of about $25 billion.
CEVA Logistics has started a weekly less-than-containerload service from Shanghai to Budapest, Hungary.
The board of directors of Canadian Pacific Railway Limited declared a quarterly dividend of $0.35 Canadian payable April 25 to shareholders of common stock.
The U.S. Federal Maritime Commission has received 50 ocean transportation intermediary license applications and changes for review.
Despite a down year in ocean shipping markets, profits at Hawaii-based Matson jumped 46 percent year-over-year to $103 million in 2015 following the carrier’s expansion into the Alaska trade.
The German ocean carrier’s revenues increased from 6.8 billion euros in 2014 to 8.8 billion euros in 2015, primarily due to its merger with the container business of Chilean carrier […]
Ocean carriers CMA CGM, UASC, Hanjin and CSCL will terminate their jointly operated REX3/ARC2 loop between China, Malaysia and the Red Sea.
The ocean carrier will begin purchasing lots on the joint INDAMEX/IEX loop operated by CMA CGM, Hapag-Lloyd, NYK and OOCL on March 4.
United States truck trailer net orders totaled 17,900 units for the month, a 30 percent decrease from December and 37 percent decline from January 2015.
Three Pennsylvania importers and their owners have agreed to pay $3 million to settle allegations that they attempted to defraud the government out of duties on imports subject to antidumping.
The e-commerce giant has been pushing customers to join its Prime membership service, as well as decrease its own shipping costs, which ballooned 37 percent to $4.17 billion in fourth […]
The Ports of Auckland’s net profits surged 9.5 percent year-over-year to NZD$31.6 million for the six months ended Dec. 31, 2015.
The Commerce Department has started antidumping and countervailing duty investigations into imports of pneumatic truck and bus tires from China.
The new 147,500-square-foot warehouse is conveniently located near the Port of New York and New Jersey, the New Jersey Turnpike, the Newark International Airport, and other key facilities, such as […]
DVB Bank appoints co-division head of its global shipping management, while DNV GL’s group executive VP announces retirement.
Ocean carrier APL, a subsidiary of soon-to-be-acquired Neptune Orient Lines, said lower fuel costs and other cost savings were not enough to offset a reduction in volumes and base freight […]
Outer Harbor Terminals LLC, the joint venture between Ports America and TIL Group that is ceasing operations at the end of March, will pay rent, utilities and clean-up costs to […]
Terminals at the ports of Felixstowe, Southampton and London Gateway in the United Kingdom will offer the service in advance of the SOLAS verified gross mass requirement due to be […]
Major freight railroads in the United States employed 156,602 workers as of the middle of January, down from 160,795 the previous month and 171,476 in January, 2015, according to data […]
The Bellevue, Wash.-based third-party logistics provider reported a $2.5 million loss in its second fiscal quarter, ended Dec. 31, 2015, despite revenues soaring 95.3 percent year-over-year to $207.0 million.
The New Zealand port handled 470,928 TEUs during the first half of the 2016 financial year ending Dec. 31, a 10.4 percent year-over-year increase.
Capable of carrying 7,500 cars, the Japanese ocean carrier’s new roll-on/roll-off vessel, “Drive Green Highway,” features energy saving technology including solar panels.
The Canadian shipping company reported net earnings from continuing operations of $21.1 million for the full year of 2015 on revenues of $413.5 million, year-over-year drops of 57 percent and […]
The airport handled 361,000 metric tons of cargo in January, a 1.5 percent year-over-year increase.
With 30 percent volume growth in cargoes to and from the United States during 2015 and its acquisition of the container operations of APL, the French ocean carrier expects to […]
This month’s column is going to seem like a hodgepodge and I apologize upfront for that. The reality is I had a couple of interesting concepts come across […]
With a long history and diverse fleet, International Shipholding Corp. (ISC) is one of the more interesting U.S.-based shipping companies. The company was founded by Niels F. Johnsen in […]
Although one terminal operator leaves, there’s development elsewhere in the Port of Oakland.
In just the last few months, we’ve seen two massive deals in the ocean shipping industry: CMA CGM, already the third largest container carrier, in December made a $2.8 […]
In 2013 the produce company Sol Group hired APL to ship melons from Honduras and Guatemala to Los Angeles. The fruit company alleged APL failed to live up […]
N.C. port authority expects boost from new intermodal terminal.
Airports Council International attributed the modest growth during the year largely to subdued growth in emerging markets and developing economies, in addition to a more modest recovery in advanced economies.
The overall reading of the Shanghai Containerized Freight Index has continuously declined since Dec. 31, but many ocean carriers will attempt to implement general rate increases starting in March.
The ocean carrier alliance announced it will skip several sailings on its Asia-Europe Loop 6 service for a period of 11 weeks in response to changes in market demand.
The Chinese port handled 2.94 million TEUs of containerized cargo for the month, according to data from the Shanghai International Port (Group) Co.
FedEx Corp.’s archrival said it is appealing the unconditional regulatory approval of the $4.8 billion acquisition “as part of ensuring a fair and thorough investigation,” according to a report in […]
The Canadian port reported container volumes rose 4.9 percent year-over-year to 3.1 million TEUs in 2015, a record for Port Metro Vancouver, due to increased trade with Asia.
The board of directors of FedEx Corp. declared a quarterly dividend payable April 1 to shareholders of common stock.
The AS Daily news report “Port of Houston sets container handling record in 2015” yesterday incorrectly stated Port of Houston handled just over 2 million TEUs in 2014. Houston […]
