News

The integrated logistics provider increased net profits in first quarter 2015 thanks to 1% growth in company revenues.

The NYK Lynx came to the aid of a sailor in distress 260 miles off the Galapagos Islands in the Pacific Ocean.

The freight forwarder’s jetcargo division has started a new weekly air cargo service linking Hong Kong to Chicago and Houston.

Norfolk Southern names new marketing chief, while Momentum Transportation appoints operations VP.

Owner of the Alpine Eternity says the effort to resolve commercial dispute has been complicated by sanctions against Iran.

Cargo thefts in the United States were down 14% year-over-year by volume in the first quarter, but up 25% in value, according to the FreightWatch International Q1 2015 U.S. Cargo […]

Worldwide Flight Services says it will accelerate its growth through opportunities and acquisitions under the ownership of the global investment firm.

Shipment volume and payments were up for the third month in a row despite first quarter GDP increasing only 0.2 percent, according to the latest Cass Freight Index Report.

Revenues from ocean carrier APL decreased as the company eliminated unprofitable capacity, according to NOL’s most recent financial statements.

The Panama Canal Authority registered more than 2,008 transits by dry bulkers, which is 257 more transits than in the previous fiscal year period.

Australia’s Supreme Court of Victoria on Thursday approved the arrangement under which Japan Post Co. will acquire all of the shares in Toll Holdings.

Non-vessel-operating common carrier CaroTrans has started a new weekly less-than-containerload service from Montreal, Canada, to Le Havre, France.

The airfreight carrier says it will increase cargo capacity in Germany by 18%.

The supply chain arm of LeanCor, creator of Lean and Six Sigma leadership principles, and logistics provider Sunland will cooperate closely, but remain separate companies.

Korean company returned to profitability thanks to a boost from its ocean carrier division.

A.P. Moller Maersk reported a record-setting $1.6 billion in profits for the first quarter, thanks in part to Maersk Line profits of $714 million.

The Northern California port is planning weekend terminal gates and off-dock yards for container pick-up and delivery.

New legislation introduced in the U.S. Senate seeks to provide the government with more data about port performance.

The German ocean carrier attributed the nearly 44% jump in revenues primarily to its acquisition of Chilean carrier CSAV.

Total Quality Logistics said it will invest $1 million to open a new sales office in downtown Memphis.

The forwarding and customs brokerage arm of FedEx Corp. said the new facility will enhance its service offerings in the Atlanta market.

James H. Evans, former chairman of Union Pacific Railroad chairman, died May 11.

The North American bulk chemical transportation specialist and logistics service provider agreed to an all-cash purchase price equivalent to $16 per share.

French ocean carrier will develop and operate a logistics platform in the port of Mariel with the Cuban logistics company AUSA.

APMT said the Charleston business was seen as a non-core asset.

Deutsche Post DHL Group saw net profits fall 1.4% in first quarter 2015 despite an 8.8% increase in revenues.

Combined annual revenues from the trucking industry were over $700 billion for the first time ever in 2014, according to a new report from American Trucking Associations.

Ocean carriers AAL and Peter Döhle, both specialists in multipurpose heavy-lift cargo, have entered into a global cooperation agreement.

The railway’s new Canadian terminal will connect businesses in Montreal with markets in the eastern United States

The United States and Armenia have entered into a Trade and Investment Framework Agreement.

Third party logistics services provider Yusen Logistics (Americas) has opened a larger facility at the JFK International Airport Center in Springfield Gardens, N.Y.

Worldwide Express, Inmar appoint VPs, while Troy Container Lines announces retirement of VP Gimbert.

Union says it will strike APMT’s North Pier terminal, which handles 35 percent of Peruvian cargo, starting Wednesday.

Jacksonville, Fla.-based Caribbean Shipping Services operates primarily in the Puerto Rico market, specializing in refrigerated freight forwarding.

Ports plan to submit the agreement to the Federal Maritime Commission in June.

Daewoo Shipbuilding will build more mega-ships for the Danish ocean carrier, according to recent media reports.

The ocean carrier’s new China East Coast Express 2 will connect ports in China and Southeast Asia with the United States East Coast via the Suez Canal.

The ocean carrier’s Puerto Rico facility will serve new LNG-powered con/ro vessels coming into service in 2017.

The Northern California port blamed a decline in exports on a stronger dollar.

Drivers at the FedEx Freight service center in Chicago Heights, Illinois voted to reject union representation.

The airfreight carrier will begin twice weekly flights to Charles de Gaulle Airport May 22.

Bi-National Gateway Terminal has taken a 20-year lease on 49 acres at the edge of one of the airport’s four runways, where it will construct a major cargo-handling facility.

Third party logistics services provider Pilot Freight Services has expanded to Mexico City, where it’s operating under the name Pilot de Mexico.

Steel exports increased to 896,027 net tons in March, 2 percent higher than in February, but 13.8 percent less than the same period last year, AIIS said.

The Commerce Department has released the 11th edition of its guide to assist small and midsized enterprises with exporting.

Working with other universities, the MSU center will focus on research, education and training in safety and integration of UAS into the nation’s airspace.

Sunteck and Rand Logistics name senior executives, while TIACA and Shipbuilders Council of America top off boards.

Industry analyst Hackett Associates expects volumes to increase in coming months, but freight rates to fall.

U.S. rates dropped, but transpacific carriers plan significant rate increases in June and July.

The Israeli ocean carrier introduced a second weekly service between Asia and the East Coast of South America, expanding its port coverage in the trade.

The dedicated weekly feeder service will connect ports in Vietnam, Singapore and Malaysia.

The United Kingdom’s largest container port has commissioned two new Rail Mounted Gantry cranes at its North Rail Terminal.

The container/ro-ro ship has arrived in San Diego in advance of first voyage.

Limestone cargoes on the Great Lakes reached 1.8 million tons in April, a decrease of 9 percent compared to the month’s 5-year average.

Cargotec appoints head of MacGregor business area, ISS selects Port Manager for its new Anchorage office, and TRAC names chief commercial officer.

Appropriateness of detention and demurrage charges must be addressed on a case-by-case basis, says World Shipping Council.

Members of the Transpacific Stabilization Agreement are recommending two $600 general rate increases and a $400 peak season surcharge.

Husch Blackwell’s Carlos Rodriguez says congestion related practices are unjust and unreasonable.

A half dozen senators have asked the Obama administration to issue an emergency order to improve access to information for first responders to oil train derailments.

U.S. Customs and Border Patrol delayed live filing of air manifests in its ACE system to make software fixes.

New Piraeus-Turkey-Black Sea Express loop aims to enhance the carriers’ feeder networks via Piraeus.

The port is preparing to expand container handling facilities in accordance with growth projections for 2021.

As West Coast port congestion started easing after new dock labor contract agreement, meat shippers found it easier to export to Asian buyers.

Heavy ice on the Great Lakes slowed some vessels and delayed others in April, causing iron ore shipments to drop 15% below average for the month.

Saddle Creek Logistics Services appoints director of business development, while Purolator International names eastern district sales manager.

The containership was released early Thursday morning after Maersk provided a letter of understanding related to the underlying cargo case.

Crew on Maersk Tigris remains safe and are in good spirits, according to the Danish ocean carrier.

Grand Alliance chassis pool will be terminated and Direct ChassisLink will contribute those assets to its expanded pool.

The joint project is, in part, a response to China’s investment in Pakistan.

The Commerce Department on Tuesday reported U.S. exports of goods and services increased by $1.6 billion, or 0.9 percent, in March.

Malaysian ship owner saw operating profits fall 7.2% despite an 8.7% increase in group revenues.

The less-than-truckload holding company had $3.7 million in consolidated operating income during first quarter 2015, compared to a $32.4 million loss the previous year.

Growth in domestic container movements offset declines in trailer and ISO container volumes, according to the Intermodal Association of North America.

Transport America replaces retiring president, while CEVA Logistics selects COO of Global Air and Ocean Freight.

Agriculture Transportation Coalition urged Senate to press the FMC into taking action during a hearing Wednesday morning.

Announced on the heels of a port driver labor strike, Eco Flow will use “free-flow” to move containers out of terminals to off-dock yards.

Such an alliance could have a “competitive edge,” according to industry consultant Drewry.

Oil executive quoted as saying ship will be sold unless $10 million paid.

New Jersey Governor said he was “not unsympathetic to the merits of the bill,” but it was premature to consider withdrawal without a similar proposal in New York.

The ocean carrier benefited from better recovery of fuel costs and higher volumes in first quarter 2015.

The third-party logistics provider had revenues of $1.78 billion in first quarter 2015.

The ocean carrier expects to close on its acquisition of Horizon Line’s Alaska business in second quarter.

The carrier’s new Turkey Israel Express Service will connect the ports of Damietta and Port Said in Egypt with Mersin, Turkey and Haifa, Israel.

The stevedoring and ocean freight company’s new vessel Marjorie C can carry both containers and roll-on/roll-off cargo.

The truckload freight and logistics provider had net profits of $21.8 million in first quarter 2015.

Industry icon Joe Brunson founded the Winnsboro, Texas-based freight forwarder Team Worldwide in 1979.

The railroad will invest $4.2 billion across its network this year for track maintenance, signal systems and road and bridge repairs.

International Association of Ports and Harbors elects Americas region VP, while GAC appoints executive group vice president of Oil and Gas.

The third-party logistics provider also cut its first quarter loss in half.

Ocean carrier Maersk Line says it has not yet received court judgment pertaining to the arrest of the containership by Iranian authorities.

The proposal, which modifies the pricing structure for dry bulkers, LNG and LPG vessels, will be implemented along with a customer loyalty program.

Suez Canal emergency response boats help put out the fire on a 13,102-TEU Hanjin vessel.

The airfreight carrier reported net profits of $3 million for the year on revenues of $2.1 billion in its yearly financial statements.

UPS appoints new global sustainability director, while Port of Prince Rupert adds board member.

U.S. Naval Forces Central Command has begun accompanying U.S.-flagged maritime traffic in the Strait of Hormuz.

Shanghai Index shows rates have increased to the West Coast, but are still below the TSA recommendation.

Acquiring the Norwegian bulk liquid transport and logistics service provider will allow HOYER to expand its petroleum solutions business in Northern Europe.

JDA’s user conference highlighted importance of managing omni-channel fulfillment profitably, and where transportation management fits in that equation.

Most ships should proceed to berth immediately or within a few days, according to the Marine Exchange of Southern California.

Ocean carrier China Shipping reported a nearly 306% year-over-year increase in net profits during first quarter 2015.