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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 […]
The South Korean ocean shipping conglomerate is also seeking relief from financial creditors by selling off various assets and stock, as well as issuing $24.4 million in new shares being […]
Maersk Line said in a recent statement it would work with Indian authorities to help improve facilities in Alang, but Patrizia Heidegger, executive director of the NGO Shipbreaking Platform, says […]
Chief Financial Officer of the Jacksonville, Fla.-based railway Frank Lonegro told the Barclays Industrial Select Conference in Miami the company expects a further 20 percent decline in coal volumes in […]
More than 2.13 million TEUs moved over the U.S. Gulf Coast port’s docks in 2015, up from just under 2 million TEUs in 2014, and new facilities and infrastructure expansion […]
An unnamed third party has filed an appeal with the Conselho Administrativo de Defesa Econômica regarding the regulatory body’s approval of a tie-up between FedEx Corp. and TNT Express, according […]
The SEAS1/ASE1 loop, which is currently operated by ocean carriers CMA CGM, Hapag-Lloyd, Hamburg Sud and NYK, is switching from a weekly frequency to fortnightly.
White House officials and ministers from the 10 Association of Southeast Asian Nations met in California this week with the goal to expand economic ties between the United States and […]
A total of 1,970 cargo thefts were reported in Europe, the Middle East and Africa throughout 2015, 669 in the fourth quarter alone, year-over-year increases of 46 percent and 152 […]
The inland river port experienced a 23.8 percent month-over-month drop in barge tonnage to 112,594 tons in January.
Non-vessel operating common carrier Troy Container Line now provides less-than-container-load and full-container-load import and export consolidation services to all of Germany.
The third-party logistics provider’s new Las Vegas office opened Monday with an initial team of 20 employees.
INTTRA appoints new president and COO, while the Chicago South Shore & South Bend Railroad names president and TIACA adds a board member.
The Chinese firm is now largest shipping company in the world and controls the fourth largest container fleet after Maersk Line, Mediterranean Shipping Co. and CMA CGM.
Ahead of Thursday’s Federal Maritime Commission hearing on verified gross mass reporting requirements for containers, the ocean shipping industry still unclear on so many details of how the rule will […]
Calgary-based Canadian Pacific railway last week launched a new website compiling details of and arguments for its proposed acquisition of number four U.S. railroad Norfolk Southern Corp.
CMA CGM plans to bring the merged COSCO-CSCL into a new vessel sharing alliance on the major east-west trades that would rival the 2M Alliance of Maersk Line and Mediterranean […]
The United States Coast Guard Marine Board of Investigation yesterday held the first day of hearings into the sinking of the TOTE Maritime Puerto Rico general cargo ship.
The analysis focused on the ports of Los Angeles, Long Beach, New York-New Jersey and Savannah to gather information on vessel arrival delays, berth times and the size and number […]
The port handled 192,844 TEUs for the month, a 0.4 percent increase from January 2015, with truck volumes and ship calls up 1.2 percent and 1.8 percent year-over-year, respectively.
The United States and Cuba entered an agreement on Tuesday to reestablish scheduled air cargo and passenger services between the two countries.
The next round of federal port security grants from the United States Department of Homeland Security is now open to eligible parties, such as port authorities, marine terminal operators, and […]
A total of 754 cargo thefts were reported in the United States during 2015, with an average loss value per incident of $184,101, year-over-year declines of 6 percent and 21 […]
The less-than-truckload carrier expanded operations into additional states and added a liftgate service for pickups and deliveries.
The third-party logistics provider will handle logistics services for Corning Incorporated’s customers out of a new distribution center in Yangshan, Shanghai.
Meanwhile, a Department of Transportation agency is expected to soon establish a working group to develop a port performance statistics program.
