Stay up to date on your No. 1 source for the latest logistics, freight and transportation news from FreightWaves, your award-winning source for transportation news. Subscribe now.
Neptune Orient Lines, parent of liner company APL, has confirmed it has entered into talks with CMA CGM and Maersk about a potential sale, while COSCO and China Shipping told […]
Chinese carriers COSCO and China Shipping told the Federal Maritime Commission they are in the beginning stages of a merger, while Bloomberg reported CMA CGM has entered into talks to […]
The Danish shipping conglomerate attributed the decline to lower freight rates at Maersk Line and lower oil prices for Maersk Oil, leading the company to downgrade its full-year profit projection […]
The Panama Canal Authority is providing scant details on delays carriers are facing transiting the waterway, attributing them to increased vessel traffic and fog.
Since last week, rates from Shanghai to Northwest Europe and the Mediterranean fell 31.8 percent and 19.7 percent, respectively.
The international trade deficit, a negative balance in which the overall value of a country’s imports exceed that of its exports, declined from $48.0 billion in August to $40.8 billion […]
The international freight forwarding and logistics company reached an agreement with Dutch Flower Group Wednesday to acquire a majority stake in its airfreight forwarder Airflo.
The South Korean ocean carrier reported operating profits in its container division fell over 73 percent year-over-year in the third quarter of 2015 despite volume growth of nearly 4 percent […]
Year-over-year cargo volumes continued to rebound after a relatively flat August, but volumes are still down 1.2 percent down from their peak at the end of 2014, according to the […]
The Malaysian ship owner posted operating profits of 618 million Malaysian ringgit on revenues of 2.5 billion Malaysian ringgit for the third quarter, which ended Sept. 30. 2015.
The ocean carrier began offering slots on the joint CNC, COSCO and Yang Ming CTS loop, which operates between Korea, China, Southeast Asia and Hong Kong, on Nov. 3.
Iron ore shipments on the Great Lakes totaled 5.3 million tons in October, while limestone shipments reached 3.4 million tons, year-over-year decreases of 23 percent and 8 percent, respectively.
K Line Shipping and Logistics is a joint venture between Japan’s “K” Line and the Dubai-based Sharaf Group.
The Dubai-based ocean carrier launched a new mobile application that features round-the-clock shipment tracking, schedule search options and enhanced track and trace functionality.
An AS Daily news report, “Spot container rates skyrocket from Asia to Europe,” last Friday should have stated that since Oct. 23, rates from Shanghai to the Mediterranean rose […]
The multi-year measure would support infrastructure investment, including a first-time dedicated funding source for freight-related projects, but is only partially funded so far.
Drayage drivers for XPO Logistics, Intermodal Bridge Transport (IBT) and Gold Point in Los Angeles and Long Beach, and Cal Cartage warehouse workers have ended their strike, but protests at […]
The new multipurpose terminal in Qingdao’s Dongjiakou Port, which will primarily handle grain and other general cargo, represents the global marine terminal operator’s first foray into a non-container handling facility […]
Toy consumers will now be able to choose between wooden blocks and LEGOS when building model containerships this year.
The vessel order is part of a larger deal that involves an additional six firm orders and options for ten more ships capable of carrying both breakbulk and containerized cargoes.
Ocean carrier Matson’s third quarter results benefited from Horizon Line’s exit from the Alaska and Hawaii trades, according to the company’s most recent financial statements.
Net orders for Class 8 trucks were up 30 percent from September, but still failed to meet analyst expectations, according to preliminary data from freight forecaster FTR Transportation Intelligence.
The new Kenworth T680 trucks have features to make them safer, more comfortable, and more efficient, earning them the U.S. Environmental Protection Agency’s SmartWay designation.
The container terminal operator posted a net income attributable to equity shareholders of $35.8 million and revenues of $239.9 million for the third quarter of 2015.
Domestic and international container volumes rose, but trailer volumes decreased during the third quarter of 2015 compared with the same 2014 period, according to the Intermodal Association of North America.
The third-party logistics company will manage an 8,500-square-meter warehouse near Milan, Italy for Pellegrini, an Italian services supply company.
The railway opened its new $40 million Union Pacific Kinney County Railport in Kinney County, Texas on Tuesday.
The logistics services provider entered into a multi-year service agreement with American Essentials, which sells and distributes socks and legwear to major U.S. and global retail outlets.
The third-party logistics provider opened a new warehouse outside Jakarta, Indonesia, which will provide storage and handling services, primarily for automotive parts and materials.
CenterPoint Properties names head of U.S. western region, while International Container Terminal Services, Inc. promotes three VPs.
The roll-up freight brokerage and logistics provider had EBITDA of $166 million in the quarter as it digests recent deals for Norbert Dentressangle and LTL carrier Con-way.
The U.S. Navy will continue to search for the bridge, which contains a voyage data recorder that may hold clues as to what happened to the TOTE Maritime cargo ship […]
The U.S. Navy will continue to search for the bridge, which contains a voyage data recorder that may hold clues as to what happened to the TOTE Maritime cargo ship […]
The Hamburg-based liner carrier plans to use the gross proceeds from its public stock float for investments in vessels and containers, according to a statement from the company.
Industry officials say there are many practical issues to work out prior to new International Maritime Organization regulations going into effect July 1, 2016.
The acceptance period for FedEx Corp.’s recommended public purchase offer for TNT Express until Jan. 8, 2016 was extended because the deal has not yet been approved by the relevant […]
The print, digital and supply chain solutions provider acquired Tampa, Fla.-based Courier Advisory Group to expand RR Donnelley’s logistics service offerings and last-mile delivery options, according to a statement from […]
The Miami, Fla.-based cargo line commenced its first service, which operates between the United States and Central America with one container and general cargo vessel.
The London airport announced plans to invest nearly $200 million over the next 15 years to improve and expand its freight handling facilities, processes and workforce.
Fraport AG sold a 51 percent share in its Frankfurt-based subsidiary Fraport Cargo Services GmbH to World Freight Services, the largest independent air cargo handler.
The Chattanooga, Tenn.-based logistics services provider has partnered with PINC Solutions to explore the use of drones for the management of warehouse systems and yard operations.
The Japanese airline commenced a new service between Brussels and the Narita International Airport in Tokyo, Japan.
The forwarder invested $1.5 million to construct a new service center adjacent to the Washington Dulles International Airport.
The Itasca, Ill.-based logistics services provider has tripled its warehouse operations in California, according to a statement from the company.
V3 Transportation adds a senior advisor, while the Port of Long Beach Board of Harbor Commissioners names chief of staff.
In response to weak demand, Maersk has also cancelled options for eight containerships – six 19,630-TEU vessels and two 3,600-TEU feeder ships – and could cancel eight more, according to […]
Copper Logistics will transition to the Radiant brand and operate from the Radiant location near the Minneapolis/St. Paul Airport, according to a statement from the Bellevue, Wash.-based third-party logistics provider.
An executive of the ocean carrier commented on the seldom-used route after the Chinese general cargo ship Yong Sheng finished a round trip voyage between China and Europe by sailing […]
The French logistics provider has received the necessary regulatory approvals and officially completed its purchase of Nashville, Ten.-based Ozburn-Hessey Logistics for an undisclosed sum, giving the company a stake in […]
The container terminal operator touted synergies with its London Gateway facility as it extended its license for the DP World Southampton terminal to 2047.
The independent marine vessel owner and manager took delivery of two containerships during the third quarter of 2015.
The French ocean carrier will add a weekly direct call at Salalah, Oman on its Noura Express service, which currently operates between the United Arab Emirates and East Africa.
The cargo airline group’s revenues stood at 238 million euros for the third quarter of 2015 compared to the 236 million euros for the third quarter of 2014.
Liverpool2 received five, 1600-ton ship-to-shore ‘megamax’ cranes from Shanghai-based equipment manufacturer ZPMC.
The temperature-controlled air cargo container manufacturer opened a service station in Shanghai, China, which provided it with more capacity to release its RKN e1 containers to the Chinese and Asian […]
The maritime services provider opened an office in Odessa, Ukraine as part of its plan to expand its presence across the Black Sea region.
Maryland Port Administration appoints director of harbor development, North Carolina State Ports Authority picks new CFO and Port of New York and New Jersey names interim general counsel, while Ryder […]
Although activity slowed slightly in Q3, total deal value for mergers and acquisitions in the transportation and logistics sector for the first nine months of 2015 is up 40 percent […]
TOTE Maritime alleges it exercised due diligence to supply the ill-fated cargo ship with suitable and working engines, personnel, and other necessary equipment, according to recent court filings.
Similar to the Shanghai Containerized Freight Index, the new index will meld spot prices for 20-foot, 40-foot and 40-foot high cube containers moving from Ningbo to Europe and the Middle […]
XPO Logistics, which announced Friday it had finalized its $3 billion acquisition of trucking and logistics provider Con-way Inc., will cut more than 10 percent of current Con-way staff at […]
The less-than-truckload holding company increased operating income nearly 79 percent year-over-year in the third quarter of 2015, thanks in part to a 7 percent bump in revenues per shipment at […]
The Chinese ocean carrier will join two of Maersk Line’s services between Southeast Asia and Oceania this month.
The logistics services provider posted a net income of $11.8 million on operating revenues of $317.2 million for the third quarter of 2015.
Cargo 2000, an IATA interest group, wrapped up a meeting last week in Vienna that focused on finalizing its airport-to-airport and starting revisions of its door-to-door process definitions for air […]
The parcel and logistics giant will spend about $185 million to construct a package sorting and delivery facility at DP World’s logistics park adjacent to the London Gateway seaport, according […]
The railroad transportation equipment manufacturer posted net earnings of $66.9 million on revenues of $765.5 million for the fourth quarter of its fiscal 2015 year, which ended Aug. 31.
The Houston, Texas-based tank barge operator posted net earnings of $56.8 million and consolidated revenues of $532.6 million for the third quarter, a year-over-year drop of 25.9 percent and 21.8 […]
The U.S. Navy used side scan sonar devices to locate the wreck under 15,000 feet of water, and additional equipment will be required to confirm ship’s identity, according to the […]
Seven marine terminals at the ports of Los Angeles and Long Beach have been locking out companies targeted by protesters, according to the Harbor Trucking Association, a trade association representing […]
Since last week, rates from Shanghai to Northwest Europe and the Mediterranean increased by 328 percent and 298 percent, respectively.
The stop-gap funding measure also included an extension of the deadline for railways to implement Positive Train Control until 2018 at the earliest, a provision some Senate Democrats say shouldn’t […]
Container business was hampered by overcapacity caused by the delivery of ultra-large containerships, depreciation of the euro and an economic slump in Europe, according to ocean carrier NYK.
Chinese liner giant China Shipping Container Lines pointed to the cost and environmental benefits of ultra-large large containerships as the primary reasons for the new order.
The roll-up powerhouse third-party logistics provider announced Friday it has officially closed on the purchase of asset-based trucking carrier Con-way Inc., including subsidiary 3PL Menlo Logistics, for $3 billion.
The port handled a record number of containers and automobiles in September, according to the latest figures from the Port Authority of New York and New Jersey.
United States gross domestic product expanded at an annualized rate of 1.5 percent in the third quarter of 2015, according to the first estimate from the Department of Commerce’s Bureau […]
The U.S. Department of Transportation selected 39 infrastructure projects from 627 eligible applications requesting a combined $10.1 billion in Transportation Investment Generating Economic Recovery grant funding.
The railway broke ground on a $70 million railroad bridge in Letchworth State Park in conjunction with the New York State Department of Transportation; the New York State Office of […]
Canadian National Railway posted a net income of $1.01 billion Canadian on revenues of $3.2 billion Canadian for the third quarter of 2015.
The parcel carrier expects to handle more than 630 million packages between Black Friday, Nov. 27, and New Year’s Eve, an increase of more than 10 percent over seasonal volumes […]
Compared to its existing ships, the Atlantic Star will have double the container capacity and more room for vehicles and high and heavy roll-on/roll-off cargo, according to Atlantic Container Lines.
The third-party logistics company will manage spare parts logistics services on behalf of the German automobile and motorcycle manufacturing company.
Short-sea vessel operator Oceanex has ordered a new Liebherr habor crane for its St. John’s terminal to replace the one damaged by fire in mid-September.
The logistics services provider opened a branch at the Cardiff International Airport to connect local importers and exporters with new business opportunities throughout the world.
Neptune Orient Lines, parent of ocean liner APL, attributed the poor financial results primarily to weak peak season shipment volumes to North America and Europe, which resulted in lower freight […]
The Danish global transport and logistics provider reported adjusted earnings and net revenues grew 15.1 percent and 2 percent, respectively, in the third quarter of 2015 compared to the same […]
Several major logistics and transportation company stocks have fallen sharply this week amid lower-than-expected earnings announcements and concerns of weak demand going into the fourth quarter.
Green Shipping Line is eyeing potential cargo shipping routes on the U.S. Atlantic Coast and in the Lake Erie region.
The Senate on Wednesday approved a House measure to extend federal transportation spending for three weeks and prevent a shutdown in funding today.
The Thomasville, N.C.-based less-than-truckload carrier posted net income of $84.4 million for the third quarter of 2015, an 8.3 percent increase from the third quarter of 2014.
The ocean procurement software provider launched Xeneta Insight for small and medium businesses and Xeneta Intelligence for large volume shipping companies.
The Norther California port will make 75 percent of the energy it purchases for tenants greenhouse gas-free within three years, according to a statement from the Oakland port authority.
U.S. Customs and Border Protection officers at the Miami International Airport found the counterfeit bracelets in a shipment from China.
The parcel giant will expand its “Centennial” ground package sorting facility in Louisville, Ky. from 257,000 square feet to 838,000 square feet and will nearly double the package processing rates.
The new, 265,000-square-foot office consolidates several locations and an estimated 1,200 FedEx team members into one location.
COSCO ships moved fewer containers in the third quarter than it did in the same period last year and terminals run by subsidiary COSCO Pacific handled fewer boxes as well.
Some Cal Cartage warehouse workers will join the protest today, according to the Teamsters, but port officials say there hasn’t been a marked effect on operations in terms of congestion.
A group of House lawmakers from across the political aisle voted successfully Tuesday to re-open the U.S. Export-Import Bank.
The Navy will now use side scan sonar in attempt to locate the wreck in a search area near Crooked Island, Bahamas, the National Transportation Safety Board said Tuesday.
