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Profits increased compared to the same 2014 period despite lower revenues and volumes due to the ocean carrier leaving certain trades and weak demand on Asia-Mediterranean routes.
The German ocean carrier said it plans to use the refrigerated boxes to take advantage of growth opportunities in the South American trade lanes.
Truckload pricing increased 3.6 percent year-over-year in July after a similar increase in June, according the latest Cass Truckload Linehaul Index.
Year-over-year rates were down for the seventh consecutive month in July in response to increased demand in the truckload sector, according to the latest Cass Intermodal Price Index.
The seasonally adjusted index for July 2015 equaled 135, a year-over-year increase of 3.7 percent.
Iron ore loadings by U.S.-flag Great Lakes freighters in July 2015 dropped 10 percent compared with July 2014.
The Singapore-based transportation and logistics company said the new consolidation center in Ho Chi Minh, Vietnam is its largest single-roof container freight station (CFS) within its Southeast Asia CFS network.
The third-party logistics company said it will be 3M’s preferred logistics service provider in warehouse management and distribution in Singapore, Malaysia and Indonesia.
Echo Global Logistics appoints new VP of marketing, while Alliance Shippers names VP for Ohio Valley region.
The cases, involve courier and taxi companies that allegedly underpaid workers for their service, are the latest to challenge the traditional owner-operator driver model.
Third party logistics provider Kane Is Able says Volvo breached its warranties and the 3PL is entitled to compensation for the truck that caught fire and six remaining CNG vehicles.
The ocean carrier members of the G6 Alliance will cancel four additional sailings in the Asia to Europe trade, one each on their Loop 4, Loop 5, Loop 6 and […]
Officials in the Chinese city are curbing the movement of petroleum and other chemicals through the port while the investigation into last week’s massive warehouse explosion continues.
Customs workers at Brazilian ports have planned a pay-related, ‘standard operation’ strike in which the minimum permitted numbers of staff will be on duty.
The airport attributed the 1.9 percent year-over-year decrease in cargo volumes to a 5 percent year-over-year decline in transshipments.
The $30 million rail entrance project at the Port of Vancouver, designed to increase the efficiency of rail movement through the port, was completed last week.
The airport attributed the growth in cargo volumes in the last 12 months to additional flights added by some carriers to diminish supply chain problems from the backlog at the […]
The international express parcel carrier opened the DHL Express Melbourne Gateway facility at the Melbourne Airport to better serve regional businesses that operate in and out of Australia.
Investment firm Brookfield Infrastructure Consortium will purchase 55 percent of Asciano Limited in a deal that will value the rail and port logistics provider at approximately $8.8 billion.
Merger speculation continues as CIOSCO says it is “contemplating a plan on a material event.”
Vessel charterer sees benefits from cost management and stronger U.S. dollar.
Reports allege that hundreds of tons of sodium cyanide were illegally stored at the site of explosion.
Container throughput slipped 6.8 percent year-over-year in the first half of the year to 4.5 million TEUs, which resulted from the port”s sluggish trade with China and Russia, the weak […]
Danish carrier will no longer transport chemical that has been blamed for ship fires.
From the late 1960s onward, he represented numerous air freight carriers and forwarders in old fashioned way.
The company said it will provide equipment for five pure car/truck carriers under construction for Grimaldi Group.
The third party logistics provider said it will launch an updated version of RapidLink, its web-based supply chain software and service solution.
Ocean carriers Maersk Line, CMA CGM, MOL and OOCL issued general rate increases.
Spot container rates from Shanghai to Northwest Europe and the Mediterranean dropped for the second straight week in a row.
Wei Jiafu, former chief executive officer of COSCO, has been named CEO of a Pasadena, California-based company called Apollo Acquisition Corp.
At least 56 dead, including 21 firefighters, reported in the aftermath of Wednesday’s explosion in the northern Chinese port.
Alphin Brothers, a North Carolina-based seafood processor and wholesale distributor, was sentenced this week in federal court for falsely labeling imported shrimp.
The global supply chain services provider said its new weekly rail service linking China to Europe will be a cost-effective transportation option.
The third party logistics provider reported second quarter net profits increased, while combined revenues decreased.
July export container volumes at the Southern California port increased 15.9 percent from last July, despite the strong dollar, which made U.S. exports more expensive overseas.
The 3PL is replacing its existing DC with a larger one at the CenterPoint intermodal park.
Alliance members Maersk Line and Mediterranean Shipping Co. said their Asia-North Europe AE9/Condor service will cease operations Sept. 14 and will be deployed as a seasonal service if sufficient demand […]
The Danish conglomerate has been affected by fallen oil prices and low Asia-Europe freight rates.
Central Gulf and later International Shipholding founder’s successful career in the U.S.-flag shipping industry spanned 60 years.
The terminal operating company signed a joint venture with Bogotá-based Compañia de Puertos Asociados S.A., to jointly operate the Cartagena Terminal, which they will upgrade and expand.
The MacArthur Lock, one of the two actively used locks at the Soo Locks complex, is closed until about Aug. 19, as repairs are taking longer than expected.
The Port of Virginia handled 226,000 TEUs in July, the highest amount ever recorded for that monthly period in the port”s history.
Iron ore shipments on the Great Lakes and St. Lawrence Seaway totaled 6.6 million tons in July, a year-over-year decline of 9 percent.
The Port of Rotterdam Authority announced it’s investing around 32 million euros in dolphin configurations and the replacement of buoy berths.
FedEx Trade Networks appoints new COO, while RedLine Solutions names marketing director.
Northern Chinese port city damaged, scores killed by massive blasts traced to third-party logistics warehouse operator.
Overall cargo shipments through the St. Lawrence Seaway declined this season, however U.S. grain shipments are thriving.
Mediterranean Shipping Co. announced it will add a call to Dakar on its NWC-Canary-WAF loop.
The logistics services provider has opened a $20 million intermodal facility at Fremantle to offer importers and exporters access to its national freight network.
The third party logistics provider has signed a long-term contract with Universal Music to handle all its logistics operations in Brazil.
The Lakes Carriers’ Association reported year-to-date limestone shipments on the Great Lakes totaled 13,964,733 million tons, up 16 percent year-over-year.
An AS Daily news report, “2M tops in TP summer schedule reliability“, on Tuesday should have stated that Hyundai Merchant Marine is part of the G6 Alliance, not CKHYE […]
Agreement between contractors and construction union means work will continue on the waterway’s new locks.
David Yeager, Hub Group’s CEO, will assume the duties of his brother until a replacement is found.
Earnings grow despite decrease in revenue as company benefits from lower fuel prices.
BlueWater Reporting revealed ocean carriers operate four container services on the east coast of South America-to-Africa trade, however the SAMWAF is the only dedicated East Coast South America-to-Africa service.
Evergreen plans to deploy the new ships in the intra-Asia trade, anticipating growth from regional trade pact.
United Arab Shipping Co. agreed to pay $537,000 to the FMC to settle rebate allegations.
Cloud-based warehouse management systems provider’s tool will be combined with OTM to create cloud-based supply chain execution system.
Daseke, a specialty over-the-road transportation company, announced it has merged with Monroeville, Ala.-based Hornady Transportation.
The less-than-truckload carrier opened a new La Salle service center in Peru, Ill, located near Interstates 80 and 39.
China Southern Airlines became the sixth member of IAG Cargo’s Partner Plus Program, which already included Qatar Airways, Japan Airlines, the Avianca group, American Airlines and Finnair.
The customs broker and freight forwarder announced a new less-than-container-load consolidation service from Hong Kong to Toronto.
The 50,000-deadweight-ton product tankers will be delivered in 2016 and 2017.
Shares in two Chinese liner shipping companies suspended; a merger could create fourth largest container carrier.
The Federal Aviation Administration has proposed civil penalties ranging from $54,000 to $63,000 against four companies for allegedly violating the country’s hazardous materials transport regulations.
Although there are still some lingering congestion issues, retailers and logistics services providers are working together to ensure imports flow smoothly to store shelves.
The Philadelphia Port Authority hopes to have the marine terminal property under development in 2017.
The American Institute for International Steel reported U.S. steel shipments improved slightly in June from the prior two months, but were still down year-over-year.
The Federal Railroad Administration told House lawmakers in a report that despite seven years of assistance many railroads will miss the Dec. 31 deadline to implement positive trade control.
Worker at APM Terminals at Elizabeth was struck by cargo equipment on Friday.
The industrial property developer recently broke ground at its Chicago-area intermodal property on a distribution facility for Saddle Creek Logistics Services.
The logistics services provider has recently started operating a 12.5-hectare breakbulk facility at the Port of Rotterdam.
Liner carriers CMA CGM, Hapag-Lloyd, COSCO, MOL, Yang Ming, NYK and “K” Line issued general rate increases.
Con-way Multimodal names sales director and Safeway Trucking appoints VP, while Kennedy/Jenks picks hires consultant and Daseke adds board members.
An Aug. 6 AS Daily news report about the increase of logistics firm mergers and acquisitions during the first half of 2015 should have stated that freight brokerage Coyote […]
With waterway’s expansion now 93 percent complete, employees task with building the new locks are demanding wage increase.
APM Terminals’ Suez Canal Container Terminal (SCCT) at the northern end of the waterway will be the largest on the Mediterranean, according to the terminal operator.
Spot container rates from Shanghai to Northwest Europe this week saw the largest single week drop ever recorded on the Shanghai Containerized Freight Index.
GF Group, an Italian importer and distributor of fruits and vegetables and the current owner of Reefer Terminal S.p.A. in Vado Ligure, will remain a customer of the terminal, according […]
Deutsche Post DHL Group reported an 29.3 percent year-over-year decline in consolidated net profits for the second quarter despite a 7.3 percent increase in revenues.
The sale of the airport, owned by New York-based Global Infrastructure Partners and Oaktree Capital, could be valued at as much as 2 billion pounds (U.S. $3.09 billion), according to […]
The Korean ocean carrier saw net profits skyrocket year-over-year in the second quarter thanks to the depreciation of the South Korean Won against the U.S. dollar and the sale of […]
Allport Cargo Services and Keswick Enterprises said the new joint venture, ACS Romania, will benefit customers with domestic transport and international freight forwarding requirements in and out of the country.
The Netherlands-based logistics provider reported a 25 percent year-over-year increase in EBITA despite a 10.2 percent decline in net revenues for the second quarter of 2015.
The intra-Europe and Mediterranean dedicated liner company, a Maersk subsidiary, announced a new rail connection from St. Petersburg to Moscow.
Three different pests capable of causing damage were discovered at the Port of Philadelphia, U.S. Customs and Border Protection said in a statement.
New sections and bypasses in the 72-kilometer stretch of the waterway will reduce waiting time and transit times, according to Suez Canal authorities.
Unphased by a reported loss in the second quarter, fast-growing XPO Logistics is now projecting $23 billion in revenues by 2019, but the highly acquisitive company has sailed past similar […]
President Obama on Wednesday announced his intent to nominate T.F. Scott Darling III to administrator of the Transportation Department’s Federal Motor Carrier Safety Administration.
Mergers and acquisitions in the transportation and logistics sector in the first six months of the year, which have included several multi-billion dollar deals, are off to the hottest start […]
The Danish transportation and logistics provider’s strong results were driven by a “remarkable” 26 percent increase in earnings, according to CEO Jens Bjørn Andersen.
The international freight forwarder and logistics provider acquired RSH Freight Master Limited and subsidiary Principal Freight Limited, Hounslow (Heathrow) July 1.
The Commerce Department on Wednesday said the country’s exports of goods and services for June fell slightly to $188.6 billion, compared to $188.7 billion in May.
Sluggish airfrieght growth resulted from a decrease in trade activity, primarily in emerging markets and weaker than expected global growth, according to the International Air Transport Association.
The airline group reported cargo volumes of 422 million cargo ton kilometers in July, a year-over-year drop of 7 percent
The logistics solutions provider will break ground on a new warehouse facility in Zeeland, Mich. for Mead Johnson Nutrition, a pediatric nutrition company.
International volumes are growing three times faster than domestic intermodal business, according to the Intermodal Association of North America.
Despite incurring additional costs for a settlement with Hawaii over a 2013 molasses spill and the acquisition of Horizon Lines’ Alaska operations, Matson’s core business “delivered strong results,” CEO Matt […]
Third partly logistics provider Kuehne + Nagel Group’s purchase of 100 percent of the multimodal transportation management solutions provider is valued at an estimated $180 million to $200 million, according […]
