News

Sparrows Point Terminal names VP of development and Kerry Logistics picks Europe managing director, while Troy Container Line appoints team leadership and The Nautical Institute taps COO.

The German ocean carrier, which is in midst of an initial public offering on the Frankfurt stock exchange, reiterated its revenue and earnings projections after competitor Maersk Line trimmed profit […]

The Netherlands-based parcel carrier has made “substantial progress” toward clearing European regulatory hurdles related to its acquisition by FedEx Corp., according to CEO Tex Gunning.

The express carrier is preparing to move upwards of 317 million shipments between Black Friday, Nov. 27, and Christmas Eve, a 12.4 percent year-over-year increase in seasonal volumes.

The ports of Manzanillo and Lazaro Cardenas reopened over the weekend after being struck by what was at one point reported to be the strongest hurricane ever measured in the […]

Middle market buyout and growth equity investor Ridgemont Equity Partners will acquire and recapitalize the third-party logistics provider, according to a joint statement from the companies.

India has made “significant changes” to some of its trade and investment policies since Prime Minister Narendra Modi assumed office in May 2014, according to the U.S. International Trade Commission.

The Greenbrier Cos. names chief strategic officer, while Coastal Cargo Co. appoints head of Houston operation.

The International Brotherhood of Teamsters has promised to support the Independent Pilots Association’s decision and stand with UPS pilots in the strike.

Federal Maritime Commission Chairman Mario Cordero sees the public comment and investigation period as an opportunity to create efficiencies and reduce costs within the ocean liner industry.

The South Atlantic port reported its seventh consecutive month of record container cargo volumes in September, according to the latest figures from the Georgia Ports Authority.

The French ocean carrier adjusted the frequency of its EURAF5 loop between North Europe, the Mediterranean and West Africa from weekly to fortnightly.

Meanwhile, the Navy tug bringing equipment to locate the wreck of the cargo ship at the bottom of the Atlantic ocean will take longer than expected to arrive at El […]

Terminal company GCT USA will complete the final design and build the new ExpressRail Port Jersey facility in Greenville Yard.

The roll-on/roll-off cargo specialist offers liner service to and from the Mediterranean, Africa and the Americas via Grimaldi’s network, which includes Atlantic Container Lines.

Potential tenants have indicated that a long-term lease commitment at Terminal 5 would require the ability to handle more than 1 million TEUs, according to the Northwest Seaport Alliance of […]

The industrial and logistics real estate specialist saw net earnings grow over 90 percent and revenues up nearly 40 percent, respectively, compared to the third quarter of 2014, according to […]

An Italian pipe fitting manufacturer and an Illinois-based industrial component manufacturer respectively plan to open warehousing and production facilities in the state.

The third-party logistics provider opened an office in Santo Domingo, Dominican Republic.

A federal law inhibiting truck drivers from crossing state lines until they turn 21 is “illogical” and is making it more difficult for carriers to attract young drivers, according to […]

The dredging project would allow the Port of Charleston, S.C. to handle cargo ships with a draft of up to 48 feet with no tidal restrictions, according to the port.

Net earnings at Canadian Pacific Railway Limited dropped 19 percent year-over-year to $246.35 million thanks primarily to currency exchange losses on long-term debt, according to the company’s most recent financial […]

The Omaha, Neb.-based railway posted a net income of $1.3 billion on revenues of $5.6 billion for the third quarter of 2015.

The non-vessel operating common carrier and ocean freight consolidator commenced 11 direct less-than-container-load import services between China and the United States in late Aug. 2015.

The Moscow, Russia-based cargo airline transported 42,480 tons of freight across its network in September, an increase of 28 percent from Sept. 2014.

The Port of Cleveland said the new cranes, model LHM 280s, on order are currently being built in Sunderland, England, and will be in service next shipping season.

Situated along Turkey’s Aegean coast, the deep-water container terminal is preparing to receive its first vessel call in March 2016.

The Federal Maritime Commission will also seek comment on revising service contract regulations.

The agreement provides increases to hourly pay rates, signing bonuses, changes to health-care and retirement plans, as well as “other positive modifications,” according to the Air Line Pilots Association, Int’l.

According to the indictment, three FedEx employees allegedly rerouted wireless devices to two co-conspirators in a shipping theft scheme that defrauded FedEx of more than $1.7 million, the Department of […]

Ocean carriers MSC and Maersk Line will downscale their transatlantic network for the winter season with the suspension of their jointly operated NEUATL4/TA4 between North Europe and the United States […]

Danish freight forwarder and logistics provider Leman agreed to the acquisition of all shares in Dalpa International Ltd yesterday.

The worldwide fleet grew at its slowest annual rate in over a decade in 2014, according to an annual study performed by the United Nations Conference on Trade and Development […]

The trucking and logistics company posted $32.1 million in net income on revenues of $534.4 million in the third quarter of 2015.

The seasonally adjusted For-Hire Truck Tonnage Index for September 2015 equaled 135.1, a year-over-year increase of 3.1 percent, according to the American Trucking Associations.

Saverco NV will attempt to buy the majority of remaining outstanding shares and privatize longtime Belgian vessel and cargo aircraft operator CMB.

The Danish ocean carrier added 12,900 PrimeLINE container refrigeration units to its fleet, the largest order ever placed for the units, according to Carrier Transicold.

The United Kingdom port will officially open its new food examination facilities Oct. 29.

The National Transportation Safety Board issued an update on its ongoing investigation into the sinking of the TOTE Maritime Puerto Rico cargo vessel.

The airline has appointed Senior Vice President and General Counsel Brett Hart acting chief executive officer while current CEO Oscar Munoz is on medical leave recovering from the heart attack […]

The network will allow the Northwest Seaport Alliance of Seattle and Tacoma to better compete with other U.S. West Coast ports, Port of Seattle Commission Co-President Courtney Gregoire said in […]

Canadian National Railway and Canadian Pacific Railway are cutting rates by as much as 25 percent in an effort to entice shippers as crude oil prices continue to plummet, according […]

Container carriers are getting better at keeping to their posted schedules, according to the London-based consulting firm, as reliability hit a peak of 79.9 percent in September, but Drewry still […]

The Port Authority of New York and New Jersey will use a $2 million federal Congestion Mitigation and Air Quality Improvement grant to help truckers cover up to 50 percent […]

The freight forwarding and logistics company reported consolidated profits of 24 million Swiss francs on revenues of 1.5 billion Swiss francs in the third quarter.

The Florida Gulf Coast port handed 25,778 TEUs for the fiscal year ended Sept. 30, an increase of 83 percent from the preceding 12-month period.

The terminal operator concluded a contract for the delivery of six electric powered ship-to-shore cranes and 29 electric-powered rubber tire gantry cranes for its deep water terminal currently under construction […]

The French Mediterranean port handled 60.9 million tons of cargo during the first nine months of 2015, a year-over-year increase of 4 percent.

U.S.-flag vessels on the Great Lakes carried 9.8 million tons of cargo in September, a year-over-year drop of 8 percent.

USCIB names new director of customs and trade facilitation, while Coastal Cargo Group picks general manager for New Orleans office.

Meanwhile, a Navy tugboat is en route to the last known location of the ill-fated cargo vessel near Crooked Island, Bahamas carrying equipment to search for the sunken remains of […]

The ocean carriers’ decision to withdraw the joint Great Sea/AE3 service is due to low demand out of Asia; service to Black Sea will be maintained through transhipment.

The airline said Friday CEO Oscar Munoz had been admitted to the hospital, but did not provide any additional details.

The National Shipping Company of Saudi Arabia, Bahri, posted net profits of 510.3 million riyals for the quarter ending Sept. 30 and 1.25 billion riyals for the first nine months […]

The U.S. 1st Circuit Court of Appeals has upheld a five-year sentence for Frank Peake, the former president of Sea Star Line, which recently rebranded as TOTE Maritime.

Truckload pricing grew 3.2 percent for the month compared to September 2014, the seventh consecutive monthly increase, according the latest Cass Truckload Linehaul Index.

Cargo throughput at Hong Kong International Airport rose 1.1 percent year-over-year in September to 368,000 tons after six straight months of year-over-year declines.

Year-over-year rates dropped 2.3 percent in September, the ninth consecutive month of declining prices, according to the latest Cass Intermodal Price Index.

Volga-Dnepr Group has signed a finance lease agreement with JSC Sberbank Leasing to acquire two AN-124-100 Ruslan freighters.

The former Odin Seafood dock on the Prince Rupert waterfront is scheduled to be completely demolished by mid-December.

Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, Evergreen Line, OOCL and Hamburg Sud issued general rate increases.

Spend Management Experts appoints senior marketing analyst, while Bibby Ship Management names deputy managing director for India.

   For the second year in a row officials from PortMiami and Port Everglades participated in the TPM Asia Conference in Asia, Oct. 13-15, as business partners rather than competitors. […]

   To many readers, American Shipper is like that classic piece of furniture found inside your office or home.    The publication for many years has had a finish that […]

   An explosion and fire on the containership MSC Flaminia in the middle of the Atlantic Ocean on July 14, 2012, resulted in the deaths of three crewmen and injuries […]

   Kevin Lynskey, the deputy director at PortMiami, learned a hard lesson about trying to be funny in the wrong setting and being too honest at the recent Intermodal Association […]

   After completing the long-awaited Trans-Pacific Partnership agreement, the Obama administration now faces its next challenge—promoting the trade pact to the Congress and voters, especially with a presidential election year […]

   The U.N. Climate Change Conference (COP 21) gets underway on Nov. 30 and it will be interesting to see if it comes forward with any recommendations for shipping.   […]

   Overcapacity is certainly nothing new in the container-shipping industry. Ocean liners have long struggled to maintain the appropriate number of available container slots for sale in any given trade, […]

   Even in tech-happy San Francisco the annual “Dreamforce” conference that the software company Salesforce puts on is a big to-do. This year more than 150,000 people were expected to […]

   I recently visited PortMiami for the dedication of its 50-foot harbor, which will allow larger vessels to reach the docks fully laden with containers. The port authority expects these […]

Western Canada container port gains newfound momentum from electronic appointment system.

Investigators begin probe into the sinking of El Faro off coast of the Bahamas.

Higher rates to the United States drove the increase in the overall spot rate reading, despite rates to Northwest Europe and the Mediterranean continuing to fall.

The national mail carrier of Singapore is making good on its promise to become a global logistics provider, agreeing to acquire a 96.3 percent share in TradeGlobal Holdings, Inc. for […]

The rate and surcharge changes are intended “to address the impact of increased costs, changing demand for select UPS products and other market factors,” the parcel and logistics company said […]

The terminal operator will purchase the remaining 39 percent of the issued shares of port terminal manager Grup Maritim TCB, making it the sole controlling shareholder of the company.

Over one quarter of respondents said data analysis is reducing operating costs by $4,000 annually per truck, according to a survey of transportation managers and executives from Fleet Advantage.

Ocean carrier ANL will terminate its current KIX service between Southeast Asia, Australia and New Zealand that it jointly operates with CMA CGM and Hanjin in November.

The short-sea carrier will launch its seasonal Black Sea reefer service between Mediterranean ports and Novorossiysk, Russia, situated along the Black Sea.

The non-vessel-operating common carrier opened a branch in Cebu, Philippines and Izmir, Turkey.

Attorney Willie E. Gary, who will represent the family of one of the former crew members of the ill-fated cargo vessel, claims the ship was unseaworthy and that “somebody has […]

The German-Chilean ocean carrier has set a price range of of 23 euros to 29 euros per share and expects gross proceeds of $300 million from its initial public offering […]

The railway will also run longer trains in an attempt to control costs as weak volumes are expected to continue falling going into the fourth quarter.

Imports to the second largest economy in the world dropped 17.7 percent in September compared to the same month a year ago and have now fallen for 11 consecutive months.

The ocean carrier, which expects to purchase SeaFreight “on or about October 31,” asked the Federal Maritime Commission for an exemption to regulatory rules that would simplify the transfer of […]

SMC³, a less-than-truckload pricing and transit technology provider, will add truckload and LTL cost modeling provider Transportation Costing Group to its portfolio.

The Port of Rotterdam posted a cargo throughput of 351.5 million tons for the first nine months of 2015, a year-over-year increase of 5.4 percent, driven primarily by the increase […]

Total operating revenues dipped slightly at the trucking and logistics provider as fuel surcharge revenues fell and customer demand remained “tepid,” according to J.B. Hunt’s most recent financial statements.

A total of 22 million metric tons of cargo have been shipped through the St. Lawrence Seaway between its opening April 2 and Sept. 30, a year-over-year drop of 12 […]

The port handled less cargo in September than in August, the result of the depletion of stocks for some agricultural commodities that are typically shipped through the port, lower demand […]

Industrial real estate developer Hillwood Properties started a multi-year project to extend two runways and taxiway at the north end of the Fort Worth Alliance Airport in northeast Texas.

The Chattanooga, Tenn.-based logistics solutions provider opened a 300,000-square-foot distribution center in Kalamazoo, Mich.

The international freight forwarding and supply chain management solutions provider opened a freight forwarding branch in Munich, which became fully operational today, and will open a branch in Nuremberg, which […]

The Suddath Cos.’s CFO retires, while Mersey Maritime names new CEO.

The former NOL chief told the TPM Asia conference he expects transpacific rates to continue to drop in 2016. and carriers need to cooperate on landside operations to overcome structural […]

The acquisition of Docdata’s order fulfillment, returns logistics and online payment services will complement Ingram Micro’s existing business.

Containers without a verified weight will not be loaded onto container vessels from July 1, 2016, according to the U.K. Freight Transport Association.

Wilhelmsen Ships Service warned shippers and carriers that counterfeit products for reefer containers could contain a “dangerously unstable cocktail of gases.”

The railway reiterated its full-year earnings per share guidance despite expectations that coal volumes could drop as much as 10 percent in 2015, leading to a $450 million impact on […]