News

The international oil shipping services provider posted net profits of $350.1 million on revenues of $846.5 million for 2015.

The hoverboards, which were seized by United States Customs and Border Protection officers in Chicago, Ill., arrived from China via air shipments and ocean containers.

C.H. Robinson has opened a second airfreight screening facility at Carson, Calif., to reduce delays for shippers and improve cargo tracking.

Consolidator Shipco Airfreight has added new offices in Taipei, Taiwan and Qingdao, China.

Port of Longview appoints interim CEO and DP World Group’s CEO retires, while ShipHawk names chief revenue officer and the Port of Houston Authority reappoints commissioner.

Port commissioners have scheduled meetings to discuss the termination of the Outer Harbor Terminal lease agreement and potential plans by port terminal operator TraPac to expand into the vacated facility.

Canadian National Railway reported fourth quarter earnings of C$941 million and full-year profits of C$3.54 billion in 2015, year-over-year increases of 11 percent and 12 percent, respectively, despite a weak […]

The Commerce Department’s Bureau of Industry and Security and the Treasury Department’s Office of Foreign Assets Control have announced further regulatory amendments to expand the types of U.S. goods allowed […]

The number four U.S. railway reported net income fell 29.4 percent as revenues dropped 12 percent from the prior year on lower coal, intermodal and general merchandise volumes in fourth […]

The expansion of the important Central American cargo gateway to accommodate larger containerships is 96 percent complete, according to the CEO of the Panama Canal Authority.

The French ocean carrier has doubled the size of its offices on Reunion Island, and plans to make the overseas French department its hub in the Indian Ocean.

The new port, which will be situated just 60 kilometers west of the capital city of Alger, will be equipped with 23 quay berths with an overall quay length of […]

The Perla del Caribe, the sister ship of world’s first containership fueled by liquid natural gas, is expected to enter service for TOTE Maritime Puerto Rico next month.

The new facility along the Congo River will serve the container and general cargo shipping sectors, according to a statement from port terminal operator International Container Terminal Services Inc.

A total of 2.16 million tons of iron ore were shipped on the Great Lakes and St. Lawrence seaway in January, a 22 percent year-over-year decline.

The Canadian port terminal in Halifax will receive three front end loaders, eight intermodal terminal tractors and five roll-on/roll-off terminal tractors in the second quarter of this year.

The parcel courier’s prior repurchase authorization for 15 million shares, announced in September 2014, has been completed, leaving around 272 million outstanding common shares as of Jan. 25, 2016.

Cincinnati, Ohio-based freight brokerage firm Total Quality Logistics’s new office in Miami, Fla. is scheduled to open March 21.

YRC Freight names VPs and SEKO Logistics picks head of aerospace vertical, while MARS elects 2016 officers and Volga-Dnepr Airlines appoints global directors.

Importers, brokers and Customs are behind on software integration and testing of CBP’s Automated Commercial Environment and the Feb. 28 deadline for filing entries needs to be postponed to avoid […]

The recovery from Winter Storm Jonas, which has already claimed the lives of at least 48 people, is slow and transportation networks are operating at limited capacity.

Although the Canadian port’s container volumes surged during 2015, total throughput dropped 4.8 percent year-over-year to 19.6 million metric tons.

Trucking and intermodal carrier Swift Transportation held onto profit gains in the fourth quarter and calendar year 2015 even though volumes were down slightly and fuel surcharges were virtually eliminated.

Many are either unprepared for or completely unaware of the Modern Slavery Act, which requires businesses in the U.K. to report efforts to eradicate human trafficking and slave labor from […]

The strike action, called by Hellenic Crew Union and the Towage and Salvage Crew Union of Piraeus in response to planned changes to labor and insurance rights, pensions and retirement […]

The Hong Kong-based third-party logistics provider told analysts on a conference call it plans to acquire a 51 percent stake in an unnamed U.S. freight forwarder within two months, according […]

The container terminal operator handled 14.5 million TEUs at its terminals in 2015, a 2 percent decline from 2014.

Canadian National Railway has submitted an application to the Canadian Transportation Agency for the approval of its proposed intermodal and logistics hub to be built in Milton, Ont.

The Northern European port system that comprises the Port of Le Havre, the Port of Rouen and the Port of Paris, handled 91.4 million tons of cargo in 2015, a […]

The railcar leasing company’s revenues and earnings were both down slightly year-over-year in the fourth quarter, but its full year results were almost identical to the previous year.

United States Secretary of Commerce Penny Pritzker arrived in Lagos on Monday with a group of executives to explore business opportunities in Nigeria and Rwanda.

The third-party logistics provider has launched its UWL FlexiTank service, a new shipping solution for non-hazardous, liquid bulk cargo.

The polyethylene terephthalate (PET) resin producer decided to further invest in its Corpus Christi, Texas facility.

MOL (America) names new vice president of area operations, while the Port of Houston Authority announces reappointment of commissioner.

Meanwhile, the United States Coast Guard will hold its first Marine Board of Investigation hearing on the largest U.S. maritime tragedy in decades from Feb. 16 through Feb. 26 in […]

Kansas City Southern full-year net income in 2015 was down nearly 4 percent on revenues that fell 6 percent compared to the previous year, according to the company’s most recent […]

Volume growth in 2016 is unlikely to match the 15 percent growth rate seen last year despite the opening of new, expanded Panama Canal locks, according to the London-based consultant.

The commercial aircraft manufacturer will recognize an after-tax charge $569 million ($0.84 per share) in its fourth quarter 2015 financial results, but said the charge will not affect top line […]

The Department of Transportation has awarded the funds to seven separate firms for the purpose of maintaining 48 ships in MarAd’s National Defense Reserve Fleet over the next eight years.

On Jan. 18, United Kingdom-based courier services company Rico acquired a majority shareholding in Circle Express, which provides a collection and delivery service that is specifically targeted at the UK […]

The German ocean carrier issued a general rate increase from Northeast Asia to Australia, scheduled to take effect March 1.

3PL veteran starts Allport Cargo Services USA and Suttons Group names new chairman, while Röhlig names Germany ocean cargo manager and Avianca picks interim CEO.

Ocean carrier Mediterranean Shipping Company will launch a new loop between Asia and the Red Sea Feb. 12.

Decelerating demand growth and continuing expansion of new shipping capacity has led to new lows for freight rates on mainstream shipping routes, according to a profit warning from ocean carrier […]

The Port of Oakland has indicated officials are negotiating with TraPac, but said its other terminals will handle former OHT cargo and expects no diversion as a result of decision […]

The Hong Kong-based ocean carrier Orient Overseas Container Line said its overall revenue per TEU in the fourth quarter of 2015 fell 17.3 percent compared to the same quarter a […]

Canadian Pacific Railway Ltd. CEO E. Hunter Harrison said yesterday the workforce reduction will come from all areas of the company as slumping cargo volumes caused a 29 percent decline […]

Rates from Shanghai to Northwest Europe, the Mediterranean and the United States have all fallen in each of the past three consecutive weeks.

The South Carolina Ports Authority is also investing in 120 more reefer racks at its Wando Welch Terminal.

The intermodal and trucking specialist posted a fourth quarter 2015 profit of $116.7 million and earnings per share of $1.01, surpassing analyst projections of $0.99 per share.

The alliance, which consists of the Port of Seattle and Port of Tacoma, handled 3.53 million TEUs in 2015, a 4 percent increase from 2014.

The purchase of UTi Worldwide makes Danish supply chain provider DSV the fourth largest global forwarder in terms of revenue.

Although Amsterdam Airport Schiphol, London-Heathrow and Frankfurt Airport saw throughput decline in 2015 in comparison to 2014, Leipzig/Halle Airport and Brussels Airport reported year-over-year increases in airfreight volumes.

DP World Russia, an 80/20 joint venture between the port terminal operator and the Russian Direct Investment Fund, aims to further the development of port and logistics infrastructure in Russia.

The global dry bulk commodities trader Cargill said Thursday that it intends to close the London office of its ocean transportation arm due to deteriorating market conditions.

The port handled 1.9 million metric tons of cargo in 2015, a 14 percent decline from 2014.

APM Terminals and Compañia de Puertos Asociados S.A. (Compas S.A.) finalized a new joint venture, Cartagena Container Terminal Operator, to jointly manage and operate Compas S.A.’s existing multipurpose terminal in […]

The inland river port in northeastern Oklahoma handled 1.55 million tons of waterborne cargo during the past year, a 34.3 percent decline from 2014.

Aljex Software names VP of corporate strategy and IICL elects 2016 board, while SOGET appoints CEO and Hansa Heavy Lift picks offshore adviser.

The Port of Long Beach has “little to fear from other ports or the Panama Canal stealing our cargo and the jobs that come with it,” CEO Jon Slangerup said […]

Canadian Pacific Railway Limited posted a net income of $319 million Canadian on revenues of $1.69 billion Canadian for the fourth quarter of 2015, year-over-year declines of 29.3 percent and […]

The International Monetary Fund yesterday released its latest quarterly World Economic Outlook (WEO) Update, in which it projected the global economy will grow 3.4 percent this year, down from its […]

The new service from the Port of Wilmington in North Carolina will connect with Charlotte starting this spring, and an another CSX intermodal hub in Raleigh is slated for a […]

FedEx Ground will locate a new 300,000-square-foot distribution facility at the site of the former Bethlehem Steel plant at Sparrows Point near Baltimore city.

The Western U.S. railroad says an uncertain economy, energy markets, plunging commodity prices, and the strength of the U.S. dollar will be continuing challenges in 2016.

The European port handled 466.4 million tons of cargo in 2015, a 4.9 percent increase from the prior year, which primarily resulted from a surge in crude oil and oil […]

The National Shipping Company of Saudi Arabia reported skyrocketing profits in 2015 and experienced a significant fleet expansion after its merger with crude oil tanker company Vela Marine International Ltd.

The acquisition of vehicle and automotive parts specialist De Rooy Logistics will allow Netherlands-based Jan de Rijk to expand its existing services within the industry, the company said in a […]

The cargo-dedicated airline will invest $77 million in “Cargolux China,” a new joint venture Chinese cargo airline expected to commence operations in 2017.

The Dubai-based port terminal operator has been granted a 25-year concession to develop and operate a new logistics center in Kigali, Rwanda.

The third-party logistics provider opened a new branch office in Charlotte, N.C. to meet the needs of its expanding client base.

China COSCO Holdings Company Ltd., which also owns container carrier COSCO and port terminal operator COSCO Pacific, has made an offer of $402 million for a 67 percent stake in […]

Canadian Pacific on Tuesday asked the U.S. Justice Department to investigate what it says is a concerted effort by the other Class I railroads to block its attempt to purchase […]

The 17th richest person in Taiwan, Chang was known as a bit of a maverick in the ocean shipping industry, as well as a philanthropist and environmental advocate.

The parcel carrier, many of whose clients are large retailers, was hit hard by a holiday shopping season that “fell far short” of expectations, according to court filings with the […]

Effective March 1, 2016, truckload carrier U.S. Xpress will increase base mileage pay by an average of 13.5 percent for solo drivers with clean driving records for the previous 12 […]

The Danish supply chain specialist’s $1.35 billion merger agreement with struggling third-party logistics provider UTi Worldwide is expected to close Friday.

The Polish Port, which made numerous investments throughout 2015, handled 35.9 million tons of cargo during the year, an 11.3 percent increase from 2014.

The Saudi Arabian port reached a throughput of 1.3 million TEUs in 2015 and opened its fourth berth during the year, which gave it the capability to handle over 2.7 […]

Cargo volumes at Hong Kong International Airport totaled 4.38 million tons in 2015, a 0.1 percent increase from the prior year.

The new platform makes it easier for warehouse users to find facilities for rent or sale on port property.

The industrial real estate development and management firm sold a 174,400-square-foot facility within the DuPage Business Center in western Chicago, Ill. to Simpson Manufacturing Company.

Port Corpus Christi lines up 2016 commission officers, while Polymer Logistics names sales VP and HMI/Gulf Marine appoint new CEO.

The Northern California port says there is ample capacity to absorb cargo business at other Oakland terminals after a “unilateral” decision to depart by the joint operators of Outer Harbor […]

The Northern California port says there is ample capacity to absorb cargo business at other Oakland terminals after a “unilateral” decision to depart by the joint operators of Outer Harbor […]

European terminal operators say they want implementation guidelines for the new IMO rules requiring shippers to provide the verified gross mass of containers that “do not create competitive distortions between […]

After announcing an integration partnership last week, both JDA and INTTRA separately told American Shipper more such arrangements are planned for this year.

Although the Federal Railroad Administration doesn’t have the authority to block railroad mergers, Administrator Sarah Feinberg told the Wall Street Journal there are “significant safety hurdles” to any merger involving […]

Wan Hai, Mitsui O.S.K. Lines (MOL), Interasia Lines (IAL) and Pacific International Lines (PIL) will commence a new liner service between China, Southeast Asia and the Indian Subcontinent next month.

Atlas Air Worldwide Holdings will acquire privately held Southern Air Holdings, a longtime air cargo services provider, for $110 million.

Non-vessel-operating common carrier Vanguard Logistics Services has acquired South African firm ILA, adding offices in Durban, Johannesburg and Cape Town to its network.

Hindered by the slowdown of global and domestic economies, the South Korean port handled approximately 19.45 million TEUs in 2015, 50,000 short of its throughput goal for the year.

The United States imported 36.34 million net tons of steel during the first 11 months of 2015, a 10.7% decline as falling oil prices and continued economic uncertainty abroad hindered […]

The shipping carrier entered into an agreement with Groupe CAT to acquire its 50 percent shares in CAT-WWL, making Wallenius Wilhelmsen full owner of the finished vehicles services joint venture.

A total of 87.2 million tons of cargo was transported by U.S.-flag Great Lakes freighters in 2015, a 3.3 percent decline from 2014.

The United States Coast Guard began icebreaking operations last week on the Great Lakes and in the Northeast region of the United States.

   The U.S. Federal Maritime Commission has received 13 license applications and changes for review.    The FMC received non-vessel-operating common carrier license applications from Alliance Logistics Group Corp., Gardena, Calif. […]

   The U.S. Federal Maritime Commission has received 13 license applications and changes for review.     The FMC received a non-vessel-operating common carrier license application from Em-Lines Ltd., Hong Kong (Robin […]

The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.

Individuals knowing of a reason why an applicant should not receive a license should contact the Office of Transportation Intermediaries.