Truckload rates up 3.6% in June
Truckload pricing will increase between 4 percent and 9 percent through the remainder of 2015 despite a slight deceleration in spot rate growth, according to investment firm Avondale Partners.
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.
Truckload pricing will increase between 4 percent and 9 percent through the remainder of 2015 despite a slight deceleration in spot rate growth, according to investment firm Avondale Partners.
Coal, iron ore, grain and liquid bulk shipments on the Great Lakes and St. Lawrence Seaway dropped in the first half of 2015.
Year-over-year rates were down for the sixth consecutive month in June, according to the latest Cass Intermodal Price Index.
The UPS Worldwide Express Freight service, designed for urgent, time-sensitive and high-value international heavyweight shipments, added eight new origin countries and five new destination countries to its network.
USA Truck appoints CEO, while England Logistics and High Road Partners appoint VPs, and the Renault-Nissan Alliance picks new head of supply chain.
Singapore investment company Temasek is seeking buyers for Neptune Orient Lines, parent of ocean carrier APL, according to reports from the Wall Street Journal.
The Port of Oakland attributed the decline in volumes primarily to reduced exports, as import volumes grew for the fourth consecutive month.
Third-party logistics provider Kuehne + Nagel Group reported higher profits in the first half of the year despite a decline in revenues compared to the same period in 2014.
Yard operations at APM Terminals Port Elizabeth facility continue to be impacted after a major water main broke early Tuesday morning.
The U.S. Commerce Department has released 19 new reports to help the country’s exporters identify potential overseas markets.
Annualized turnover rates at truckload fleets with more than $30 million in annual revenues dropped to a four-year low, according to the most recent figures from the American Trucking Associations.
The shipping and logistics provider will offer a less-than-container-load service from Zhengzhou, China to Hamburg, Germany.
The Port of Antwerp is looking to construct a permanent liquefied natural gas bunkering facility for barges by 2019.
The forwarder has launched its Trans Border Connect less-than-truckload (LTL) service between the United States and Mexico.
American Airlines Cargo will now operate a new, 12,000-square-foot freight facility in Atlanta, marking its second expansion in this market since 2013.
CHM Maritime, a subsidiary of Cashman Equipment Corp., has added two 300-foot-by-100-foot deck barges to its fleet in Tampico, Mexico.
Swissport International and Flughafen Graz Betriebs are planning cargo-handling joint venture at Graz Airport.
Duluth Seaway Port Authority names business director and Port of Long Beach gets new communications chief, while TIACA appoints five to board.
The Federal Maritime Commission’s report was based on feedback from industry leaders at four public forums held around the country to gauge the impacts of port congestion and examine possible […]
The discount variety chain’s 1.5 million-square-foot facility in Upstate, South Carolina is expected to generate major trade growth for the Port of Charleston, according to South Carolina Port Authority CEO […]
BNSF Logistics’ purchase of Transportation Technology Services will expand its wind turbine component transport services, as well as other project cargoes, by rail.
The Hanjin San Diego lost power near Bald Head Island, NC en route from Port Newark to the Port of Wilmington.
The U.S. transportation sector will continue its steady operational and financial performance for through the second half of the year despite some challenges in the industry, according to the mid-year […]
Ocean carrier Mediterranean Shipping Co. will begin using the New York Container Terminal for its ECSA String 1 and USEC to WCSA services.
The Washington State Legislature approved a total of $32.9 million in its 2015-2017 Transportation Revenue Package towards three rail infrastructure and economic development projects in Eastern Washington.
An Bord Pleanála, Ireland’s agency responsible for determining appeals and infrastructure development applications, has approved the Alexandra Basin Redevelopment Project at Dublin’s port.
Iron ore shipments on the Great Lakes and St. Lawrence Seaway in June were down 6 percent from May and down 5 percent from last year.
The third-party logistics services provider opened two new offices in Mexico City to better handle its air transportation operations in the region.
Port Canaveral, Flagler Global Logistics and local dignitaries will hold a groundbreaking ceremony July 27 for its new, 246,240-square-foot facility designed to be a logistics center and warehouse.
U.S. District Court Judge Denise J. Casper ruled that federal law precludes Massachusetts from regulating transportation rates, routes and services by requiring express delivery drivers to be company employees.
The state of Washington passed a $16.2 billion transportation investment package designed to speed up the movement of cargo through ports and freight corridors in the Pacific Northwest.
Maritime services provider Inchcape Shipping Services announced a strike scheduled at the Port of Necochea, Argentina for July 10, July 16 and July 17 has been lifted and suspended for […]
Ocean carrier Mediterranean Shipping Co. has enhanced its port coverage in Spain with the addition of Ceuta as a new place of delivery, effective today.
The Federal Aviation Administration has proposed a $52,500 penalty against Gaffoglio Family Metalcrafters for allegedly violating the U.S. hazmat rules.
Swiss Post, Swiss WorldCargo and California-based drone manufacturer Matternet have begun jointly testing the commercial use of drones for logistics purposes.
The Gothenburg, Sweden-based ferry operator and the Port of Rotterdam have agreed to construct a second berth at the Stena Line terminal at Europoort.
Ocean carriers Maersk Line, CMA CGM, UASC, MOL, CSCL and “K” Line announced rate increases.
The state-owned ports of Piraeus and Thessaloniki are potential targets for privatization in a new bailout deal with the European Union, according to reports from Reuters and Maritime Executive.
The U.S. Maritime Administration, Foreign Agricultural Service and U.S. Agency for International Development have all been asked to produce documents and information relating to negotiations to change the Maritime Security […]
Spot rates as measured by the Shanghai Containerized Freight Index fell 10.7 percent after spiking upward last week.
The cost of picking up containers during the day will rise in the Ports of Los Angeles and Long Beach, according to the West Coast Marine Terminal Operator Agreement.
Customs workers at the Port of Necochea in Argentina said they would hold a pay-related strike July 10, July 16 and July 17.
The PCI, jointly operated by ocean carriers Sinokor, Heung-A and SITC Shipping, connects Korea and China with Southeast Asia.
The surface transportation and delivery service provider will replace Integrys Energy Group on the Standard & Poor’s 500 Index.
North American subsidiary of the Swedish automaker awarded a two-year contract extension to CEVA Logistics for customs brokerage services.
Major appliance manufacturer Whirlpool signed a long-term lease with IDI Gazeley to occupy a 462,848-square-foot logistics warehouse in Magna Park Monticelli.
Crowley Maritime promotes two vice presidents.
Legislation would index the gas tax to inflation after the initial $0.10 increase to prevent future transportation funding standoffs in Congress, according to the bill’s sponsor.
A Paris court has granted XPO Logistics a temporary injunction against Elliott Management Corp., limiting the hedge fund from selling its shares of ND, according to reports from the Wall […]
Southeast Asia continues to be a hotspot for maritime crime incidents, with 120 reports of piracy and other crime in the region in the first six months of 2015, according […]
The agreement with trade union ver.di includes salary increases in 2016 and 2017, as well as employee protection against job dismissal through 2019.
The Belgian port handled its one millionth vehicle for 2015 in June at the Toyota Motor Europe Terminal.
The parcel giant announced they are testing the use of the bike over a four week period for delivery and pickup of packages in Basel, Switzerland.
The shipment from Bremen, Germany included windmill blades and 127 sections of 40-foot long pipes for the Ohio gas line.
Non-vessel-operating common carrier CaroTrans announced it is resuming its Rotterdam/Antwerp to Los Angeles import service July 12.
LPKC will partner with NorthPoint Development and BNSF Railways to construct an industrial rail spur and North Park near the LPKC Intermodal Facility.
Federal Maritime Commissioner Richard Lidinsky noted shippers diverted cargo to Canadian and Mexican ports to avoid port congestion on the United States West Coast.
The European Commission granted approval for the acquisition of the short sea service provider June 29 without any conditions.
Import cargo volumes at the nation’s major retail container ports are expected to increase 7.3 percent in July, according to the monthly Global Port Tracker report from the National Retail […]
A.P. Møller-Maersk A/S and ESE-Holding A/S have agreed to divest their 75 percent and 25 percent respective shares of ESVAGT to international infrastructure investors 3i Infrastructure plc and AMP Capital.
The Port of New York and New Jersey attributed the increase in throughput primarily to the rerouting of West Coast cargo and an improving economy.
The $43.5 million construction project is designed to combat strong crosscurrents at Mile Point, which will help the Port of Jacksonville serve larger vessels.
Investment advisor BB&T said despite the year-over-year decline, the heavy truck orders were “in line with seasonal weak expectations.”
Limestone shipments on the Great Lakes increased in June compared to May and last year, but ice seasons are still a major concern, according to the Lakes Carriers’ Association.
Maersk Line has appointed marine services provider GAC to provide husbandry services to its containerships calling at the port of Hong Kong.
Worldwide Flight Services will acquire a 51 percent share of Fraport Cargo Services as part of a partnership with Fraport AG.
A first-in-port insect was discovered at Port Manatee on fruit imported from Mexico, U.S. Customs and Border Protection said in a statement.
Yusen Logistics and Xerox extended their cooperative agreement by expanding their partnership in the Benelux region.
The third-party logistics provider and PD Ports will offer rail service from Teesport to Mossend and Grangemouth in the United Kingdom starting Aug. 3.
Greenbrier Cos. elects retired Navy admiral to board, while American Airlines picks cargo manager for Germany and Switzerland.
The ocean carrier said these versatile ships will be able to operate in a variety of trades.
Retailer diverted cargo, formed chassis fleet, and used untapped drayage to combat West Coast congestion.
Port disruptions caused by contentious dockworker contract negotiations likely reduced real export growth 1.5 percent in the first quarter, according to a recent study by the Federal Reserve Bank of […]
Ocean carrier Hoegh Autoliners took delivery of the Hoegh Target, its first post-panamax vessel.
Rolls-Royce will lead the $7.3 million Advanced Autonomous Waterborne Applications Initiative, which could pave the way for autonomous ocean cargo vessels, according to IHS Maritime.
The Long Thanh International Airport, which will be built in Dong Nai, Vietnam, will cost $16.03 billion.
MacroPoint hires new VP, while Bibby Ship Management names safety and quality director.
The plot may have been an inside job, as one of the 13 people arrested reportedly worked for the Suez Canal Authority.
Ocean carriers Hapag-Lloyd and Maersk announced plans for rate increases on August 1.
A spokesperson for the Port of Oakland said it will hire 500 additional workers to address a shortage in time for peak season in the fall.
Port Lafito offers upgraded facilities and capacity compared to Port-au-Prince.
The container terminal operator made the decision because its primary customer in Jacksonville, ocean carrier Horizon Lines, halted its Puerto Rico service and sold off its assets in 2014, APMT […]
Saigon Port Company Limited, owned by Vietnam National Shipping Lines, sold 35.71 million shares in its initial public offering on the Ho Chi Minh City Stock Exchange.
Members of the ocean carrier alliance have added a second call at Halifax on their Asia Suez Express service between Southeast Asia, the Indian subcontinent and the United States East […]
World Bank provided a total of three loans for the construction of a 1,146-kilometer stretch of the Eastern Dedicated Freight Corridor in India.
The Breeddiep, an inland shipping connection at the mouth of the Port of Rotterdam, will be expanded to 350 meters wide by the end of 2016.
The aircraft manufacturer signed a framework agreement with the Tianjin Free Trade Zone Investment Company Ltd. and the Aviation Industry Corporation of China to set up an A330 Completion and […]
DP World London Gateway names supply chain manager, while American Airlines appoints cargo sales manager to target new global markets.
International Longshoremen’s Association and employers represented by the United States Maritime Alliance will begin full wage scale meetings in mid‐September.
Total shipments and total revenues for third party logistics providers both fell in first quarter 2015 compared to fourth quarter 2014, according to a recent benchmarking report from the Transportation […]
Daseke, Inc., an open-deck and specialty transportation company, announced it would merge with Charleston, S.C.-based Bulldog Hiway Express.
A recent survey of professional truck drivers found 60 percent of respondents indicated that road conditions in the United States have gotten worse since they began driving.
The Justice Department arraigned four people in Newark, N.J. based on charges of allegedly smuggling fake handheld electronic devices from China into the United States.
The agency announced it will amend regulations to allow for the importation of chilled and frozen beef from Northern Argentina and fourteen states in Brazil.
Manzanillo International Terminal in Panama said the new cranes are part of a $270 million expansion plan at the cargo terminal.
DB Schenker Rail UK partnered with Imerys and S. Walsh & Sons to transport aggregates from Burngullow, Cornwall to Stratford, London.
CCM names new chief operating officer, while Agility appoints CEO for South Asia and ATA adds VP of supply chain security.
The Port of Baltimore told American Shipper it will offer ocean carriers financial incentives to use rail for inland moves.
Australian logistics and stevedoring firm Asciano, parent of Patrick Stevedoring, has confirmed it received a purchase offer of $6.8 billion from Brookfield.
While many airfreight carriers around the globe saw a slowdown in growth, Middle Eastern cargo lines reported a drastic increase in airfreight volumes.