News

The Danish shipping conglomerate has also begun a program to buy back $1 billion in company shares over the next year.

Norfolk Southern will change up its senior management with the Oct. 1 retirement of longtime chairman Charles W. “Wick” Moorman.

The 60 percent drop in oil prices in the past year has hurt some sectors of the U.S. economy and tamped down growth, according to Thom Albrecht, transportation analyst at […]

The promise comes after one environmental advocacy group criticized the method of disposal for a former Horizon Lines vessel, the Horizon Trader.

The seasonally adjusted For-Hire Truck Tonnage Index for August 2015 equaled 134.2, a year-over-year increase of 2.1 percent, according to the American Trucking Associations.

U.S.-flagged vessels transported 10.3 percent less raw materials in August compared with last year, as trade was hindered from the MacArthur Lock failure, continued high levels of steel imports and […]

U.S. trailer net orders totaled 23,500 units in August, a 15 percent increase from July, according to the latest figures from the freight transportation analyst FTR.

The airfreight carrier will launch the only cargo service between San Jose, Calif. and Europe, effective May 4, 2016.

In addition, the express delivery company shortened its European road transit times to and from Moscow up to 48 hours by connecting Russia via its its Warsaw, Poland hub.

The Australian Maritime Safety Authority banned an Indonesian cargo ship from entering or using any port in Australia for three months.

The forwarder will transport Toyota Material Handling Group’s new line of racking systems from suppliers to the company’s customer sites across Europe.

Sparrows Point Terminal names VP of commercial and trade development, while Fleetgistics appoints operations VP.

With approval for a 40-year lease of the Richmond port facility, VPA will be able to make long-term investments to further enhance its container-on-barge service from Norfolk.

The Commerce and Treasury departments have announced regulations that pave the way for certain U.S. exporters, carriers and logistics services providers to set up operations in Cuba.

The Ports of Auckland posted net profit after tax of $63.2 million on $218.3 million in revenues for the financial year, which ended June 30.

Nordco, manufacturer of the new mobile rail car movers, said its machines offer the same performance as locomotives, but with more flexibility and less pollution.

The Chilean container terminal took delivery of two rubber-tired gantry cranes and two ship-to-shore cranes capable of handling new Panamax vessels with 22 container rows on deck and stacks nine […]

The National Customs Brokers and Forwarders Association of America said its partnership with the Commerce Department agency will “strengthen the competitiveness of the logistics and transportation industry.”

The engineering solutions and services provider for the offshore and marine industries received a $21 million order for optimized cargo handling systems on five 10,500-TEU containerships currently under construction for […]

The nation’s largest retailer’s new e-commerce centers will open in 2016 and create more than 625 jobs in Polk County, Fla.

The Montreal-based supply chain management software provider is expanding its operations to Europe to meet customer demand for its transportation and warehouse management systems.

The United States Department of Agriculture granted the gulf coast port approval to import select types of refrigerated produce from South America effective Oct. 1.

Key issues to be covered at the Container Trade Outlook 2015 Conference in Houston, Texas include the Panama Canal expansion, container industry outlook, chassis pools and issues, and U.S. maritime […]

Rickmers-Linie, Schneider and U.S. Bank Corporate Payment Systems name chief officers, while NYK Ports and ABP appoint business directors.

In a separate action, warehouse workers began a strike Tuesday morning against California Cartage warehouse in Los Angeles.

Norfolk Southern finalized the purchase of a 282-mile section of track between Sunbury, Pa. and Schenectady, N.Y., from the Delaware & Hudson Railway Co.

Maritime industry analyst Drewry said it expects ocean carriers to “walk away with okay sums for the full year” in the latest edition of its Container Insight Weekly.

The Georgia Ports Authority board approved expenditures of up to $12.6 million for the third phase of Savannah’s yard crane electrification and a project to refurbish the concrete wharf at […]

Train movement restrictions will be placed on Norfolk Southern, CSX and Conrail in the Philadelphia, New Jersey and New York City areas as Pope Francis visits the United States for […]

U.S. Deputy Secretary of Agriculture Krysta Harden will lead a trade mission to Accra, Ghana Nov. 17-20, to expand export opportunities for American agriculture.

Heavy-lift carrier AAL’s new Vancouver office is expected to support its Pacific service, connecting North Asia with the U.S. and Canadian west coast.

The home improvement retailer opened a 1.6 million-square-foot direct fulfillment center in Troy Township, Ohio to support continued growth in online sales.

The global freight forwarder opened a 155,000-square-foot third-party logistics center in Chelmsford, Essex to serve clients in the United Kingdom and overseas.

The third-party logistics provider opened a 251,000-square-foot warehouse in Fife, Wash., designed for high-volume, retail-compliant and quick-turnaround shipping.

Ocean carriers Maersk Line, CMA CGM and NileDutch announced general rate increases.

The completion of the South Florida port’s Deep Dredge project paves way for PortMiami to handle mega-size container ships from Asia.

The Central Florida port says the service will open a new market for regional automobile and heavy equipment auctions.

Former Bethlehem Steel plant property at Sparrows Point, Md., evolving into something new.

Coos Bay seeks more cargo with a new leader, revitalized rail, plans for deeper channel.

Lengthy environmental reviews and other approvals hinder large infrastructure projects improvements.

Northwest Seaport Alliance helps Seattle, Tacoma ports prioritize spending, grow cargo volume.

Rapidly growing 3PL giant plans to become a dominant motor carrier with the acquisition of Con-way.

Container Analytics with Ben Meyer    Last month, this column examined the possibility of Singapore-owned investment company Temasek Holdings selling Neptune Orient Lines, parent company of ocean carrier APL (“Who […]

   It’s long been said it’s the quiet ones that you have to watch out for.    In the global logistics industry, Warburg Pincus may best fit this description. The […]

   In a decision having to do with the theft of a cosmetic shipment (Blinc, Inc. v. AZ Miami Corp. U.S. District Court, S.D. Florida. No. 14–23998. June 30.), a […]

   Of course, one of the great benefits of container shipping is that a shipment can be placed on a chassis and trucked nearly anywhere.    But problems quickly arise […]

   In August, Hapag-Lloyd announced it had placed its largest order ever for refrigerated containers—6,000 units, in fact.    The company said the order will enable it to “benefit from […]

The independent containership owner and manager signed a Framework Cooperation Agreement with the Export-Import Bank of China for up to $1 billion in export credit facilities.

General Electric is bidding on $11 billion in power projects that received a line of credit from the French export credit agency and may result in more than 500 U.S. […]

Spot container rates on major trades between Asia and Europe and the United States as measured by the Shanghai Containerized Freight Index fell 7.5 percent from last week to a […]

Spot rates as measured by the Shanghai Containerized Freight Index dropped 10.9 percent this week after falling 10.7 percent the previous week.

According to BlueWater Reporting’s Port Dashboard Tool two services currently connect Laem Chabang and Africa, meaning CMA CGM’s ASEA loop will become the third once it adds a call there […]

The North American Chassis Pool Cooperative currently offers more than 8,500 chassis in three contributory gray pools: MCCP, COCP and SACP.

Jobs directly associated with port activity have increased more than 13 percent between 2012 and 2014, according to an economic impact study of the Port of New York and New […]

The Southern California port laid out an ambition goal to move 35 percent of containers to and from its terminals by rail by the end of this decade.

The French ocean carrier and its subsidiary Delmas will become slot purchasers on the joint Yang Ming, COSCO, Evergreen Line and “K” Line TAE service between North Europe and the […]

The Northwest Seaport Alliance, comprised of the Ports of Seattle and Tacoma, said the August increase bodes well for the peak shipping season.

Global cargo thefts are increasing at an “alarming” rate and are no longer limited to high-value goods, according to the International Union of Marine Insurance.

The ocean carriers, which offer liner service to Puerto Rico and Alaska, will henceforth be known as TOTE Maritime, according to a statement from the companies.

The sluggish iron ore trade in August resulted from high levels of steel imports, and repairs for three 1,000-foot lakers during the month.

Norfolk Southern Corp. will modify its Triple Crown Services (TCS) subsidiary to focus on the transport of auto parts, while other business will shift to the railroad’s intermodal network.

The port terminal operator, in partnership with China Merchants Holdings International and CIC Capital, has agreed to purchase a majority stake in Kumport Terminal at the Ambarli Port Complex in […]

American Maritime Partnership chairman Tom Allegretti says there is strong support for Jones Act in Congress and attempts to exempt Puerto Rico could jeopardize Congressional support for aid.

The Memphis, Tenn.-based integrator posted net income of $692 million on $12.3 billion in revenues of for the first quarter of fiscal year 2016, year-over-year increases of 6 percent and […]

Airfreight throughput at Hong Kong International Airport fell for the sixth straight month in August 2015.

The Japanese liner company signed a joint-venture agreement this week with Intermodal S.A. to establish NYK Auto Logistics Colombia S.A.S. at the Port of Cartagena, Colombia.

Software company HighJump is targeting the fast growing craft beer makers with solutions designed to ease their specific omnichannel and fulfillment requirements.

DB Schenker Logistics has entered a partnership with GLS Group to expand its Europe-wide parcel service, starting Jan. 1 in Germany.

The western-most port of Lake Michigan has handled 10 percent less cargo through the first eight months of 2015 in comparison to last year, despite an increase in August volumes.

The ocean carrier has opened a 49,702-square-foot warehouse in Jacksonville, Fla. this week and will open another 45,580-square-foot warehouse in Jacksonville Oct. 1 to serve its full and less-than-containerload customers.

A total of 155,990 tons of cargo moved through the inland river port via barge in August, according to the most recent figures from the port.

UTi appoints two VPs, while the Long Beach City Council confirms harbor commission appointments and LogFire adds Oracle expert to ranks.

With railroads not able to meet the December 2015 compliance deadline for positive train control, an extension is needed, according a letter sent to every member of the House Transportation […]

Mid-size importers are not likely to shift cargo from the West Coast of the United States to East Coast ports because it is cost prohibitive, according to logistics expert Stephen […]

A group of international trade associations and law enforcement agencies want to find ways to better share data to respond more efficiently to pirate attacks against merchant ships.

Industry growth will necessitate 60 additional container terminals per year, and APM Terminals is looking at opportunities in all different types of cargo, according to Chief Executive Officer Kim Fejfer.

The state-owned logistics company received approval last week for an initial public offering that could be the country’s biggest since NTT Docomo Inc. went public in 1998, according to reports […]

Ocean carrier COSCO continues to give no details other than to say it is “contemplating a plan on a material event” but claims trading suspension in not expected to exceed […]

FedEx Express, Ground, Home Delivery, and Freight rates in the United States will each increase by an average of 4.9 percent, effective Jan. 4, 2016, according to a statement from […]

The Tuscan port unveiled plans for Europa Platform, a new container terminal complex with a 20-meter draft that will be able to handle ultra large containerships.

The truckload, intermodal and logistics services provider now offers intermodal shippers easier cross-border clearance and inspection services for certain commodities that originate in the United States or Canada destined for […]

The Russian cargo airline has handled 300,000 tons of cargo in the first eight months of 2015, a 17 percent increase compared with the same period last year.

The parcel carrier expects to hire between 90,000 and 95,000 seasonal employees to support the anticipated increase in package volumes during the holidays.

The Japanese liner company took delivery of Japan’s first LNG-fueled tugboat Aug. 31, which will primarily operate at the ports of Yokohama and Kawasaki.

The new office in Monaco will allow the company to take greater advantage of markets throughout South Europe and enable the team to offer customers in the region real-time support.

Tiger Cool Express appoints two VPs and chief commercial officer, while former V.Ships CEO joins ShipServ board.

A report from the Working Group for the Fiscal and Economic Recovery of Puerto Rico, established by Governor Alejandro García Padilla, said a Jones Act exemption would “reduce transportation costs […]

The port solutions provider and dry warehousing company announced it acquired Conquer Logistics and its sister company Retail Packers, in addition to securing a long-term lease for a 100,000-square foot […]

Canadian National Railway expects to use the proceeds from the stock sale for “general corporate purposes,” which include paying off and restructuring current debt as well as share buybacks.

The five Market Development Cooperator Program-backed projects are expected to generate more than $653 million in U.S. exports over the next three years in return for the one-time $1.4 million […]

The new containerships will be built by Japan’s Imbari and are scheduled for delivery in 2018-2019.

The car company announced it will make the switch from the Port of Brunswick to the Port of Jacksonville as its new port of entry for the Southeastern United States […]

Truckload pricing increased 3.7 percent year-over-year in August after similar increases in June and July, according the latest Cass Truckload Linehaul Index.

The international transportation and logistics company has commenced a weekly less-than-containerload service from all major ports in Asia to Toronto, Canada.

Year-over-year rates have fallen for the eight consecutive months in response to increased demand in the truckload sector, according to the latest Cass Intermodal Price Index.

The express delivery company improved air connections to Sweden and Finland and added additional last-mile delivery capacity in large business centers.

The third-party logistics provider signed a preliminary agreement with HAROPA to construct a 36,000-square meter warehouse at the Port of Le Havre.

FIATA elects new slate of officers, while Milaha appoints CEO.

Jim Newsome, CEO of the South Carolina Ports Authority, laid out an ambitious plan to grow container operations at Port of Charleston over the next five years as the Army […]

The Pacific Merchant Shipping Association, which opposed the legislation after several compromise proposals were rebuffed, said the pilots “rolled the dice” for millions more in pay increases and lost.