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Moody’s put MOL’s Baa3 rating — the lowest of its investment grade ratings — under review on Monday after MOL reported earnings of 8.5 billion yen ($84 million) for […]
CSAV said the Department of Justice and the Federal Trade Commission have approved plans to merge CSAV’s container business with Hapag-Lloyd. “This is part of the consultation process […]
“Exports to most other trading partners are down for the year, though two notable — and, perhaps, surprising — exceptions are Venezuela and Russia,” said the American Institute for […]
China’s export restraints, the U.S. government had warned, “artificially increase world prices for these raw material inputs while artificially lowering prices for Chinese producers.”
A bumper crop of Canadian grain has led to a 70-percent increase in maritime shipments via the St. Lawrence Seaway over last year’s season, according to the Chamber of […]
The U.S. Commerce Department on Wednesday reported that the country’s exports of goods and services reached a record $195.9 billion, eclipsing the previous month’s amount by more than $300 […]
APL attributed a 3-percent increase in costs of sales per FEU “largely to a nation-wide trucking shortage in the U.S., port congestion issues in Southern California, as well as […]
Shipments of limestone on the Great Lakes totaled 4,090,079 tons in July, the highest total for the trade since July 2012, according to the Lake Carriers’ Association, which represents […]
“We are making good on our promise to help residents in states affected by natural disasters and other emergencies,” said Transportation Secretary Anthony Foxx in a statement.
The U.S. and Kenyan governments on Wednesday signed a Customs Mutual Assistance Agreement to collaborate on security and trade facilitation. “This agreement will expand our efforts to combat […]
Sunland Logistics Solutions, a South Carolina-based third party logistics services provider, has entered a partnership with Artisan Logistics as their in-house carrier to support Sunland’s customers with transportation services […]
A record amount of container cargo moved through the Port of the Port of New York and New Jersey in the first six months of 2014. The agency attributed […]
A USDA official said the situation at the Port of Vancouver doesn’t “ensure safe access to the UGC facility for the GIPSA, and therefore [USDA] is conditionally withholding official grain […]
Egypt plans to improve the Suez Canal by building a 45-mile section parallel to the existing canal that will act as a bypass so ships can travel in two […]
The demise of the network of electric trolley cars that once crisscrossed Los Angeles is an important and controversial chapter in the history of public transportation.
The program was developed and implemented by the Santa Barbara County Air Pollution Control District, Channel Islands National Marine Sanctuary and the Environmental Defense Center.
The bank also announced that it will pledge $3 billion in financing to support U.S exports to Sub-Saharan Africa over the next two fiscal years.
The White House announced Tuesday that the United States has entered an agreement to boost trade and investment with the Economic Community of West African States. “Africa […]
Less-than-truckload carrier Dayton Freight has relocated its Columbia, Mo., service center. The facility includes 32 truck doors and was “constructed in response to increased customer demand,” the company […]
Ships transiting the Panama Canal have relatively fewer accidents than those using the Suez Canal or the Kiel Canal, and the number of ship casualties has dropped over the […]
“The second quarter results were indicative of a rebounding economy and higher-than-predicted import shipments,” said Joni Casey, president and chief executive officer of the Intermodal Association of North America.
There was more merger and acquisition activity in the transportation and logistics industry in the second quarter of 2014 than in the first quarter of this year, according to […]
The Panama Canal Authority and the consortium working on the expansion project have signed an agreement that incorporates a variation reached in March to the original 2009 contract.
King Ocean moved approximately 140,000 TEU through Port Everglades in the fiscal year that ended Sept. 30, 2013, and recently added a 7.3-acre Midport marine terminal to its existing […]
The Chilean shipping company CSAV said Monday it has raised $108 million through the sale of shares in the first part of a previously announced rights offering. The company […]
Bigger consortia and alliances among container carriers will allow carriers to use assets more efficiently, meaning they are likely to “better fine tune vessel capacity to seasonal cargo demand,” […]
Hewlett-Packard Co. has agreed to pay $32.5 million to settle allegations under the False Claims Act that it overcharged the U.S. Postal Service for products between October 2001 and […]
Maersk said Friday it will implement a general rate increase for container shipments moving from Asia to the United States and Canada, effective September 1. Maersk said it […]
FMCS said in a statement issued Monday morning that bargaining that began last Wednesday continued during the weekend with assistance from FMCS Acting Director Scot Beckenbaugh.
London-based consulting firm Drewry said this contrasts with the preceding five years (2004-08), when operators’ fleet growth outpaced that of the lessors.
The TFA was part of a package of agreements approved at the WTO’s meeting seven months ago in Bali, Indonesia. The agreement, focused on trade facilitation, was expected to […]
The company’s ocean transportation business had revenue of $321.1 million in the second quarter of 2014, a 3.6-percent increase, year-over-year, but it had a 4.4-percent decrease in operating income […]
Garamendi Congressman John Garamendi, D-Calif., ranking member of the House Transportation and Infrastructure’s Coast Guard and Maritime Transportation Subcommittee, has introduced legislation that would authorize the Secretary of the […]
Japan’s three largest shipping companies — NYK, MOL, and “K” Line — reported mixed results for the fiscal first quarter, which ended June 30 for each of the companies.
Deutsche Bank recently put Maher on the sales block. Maher operates the largest terminal in the Port of New York and New Jersey, as well as the Prince Rupert intermodal […]
“The Chong Chon Gang episode, in which the [North Korean government] tried to hide an arms shipment under tons of sugar, is a perfect example of North Korea’s deceptive […]
Hunter said Gulftainer is owned by Crescent Enterprises, based in the United Arab Emirates, and that the deal with Port Canaveral “marks the first time a Middle Eastern company […]
The two companies will introduce and utilize Ports America’s expertise, technology and safety programs at ITS gate, yard and vessel operations, and seek to expand its container terminal business.
The Port of Redwood City in Northern California reported a 19-percent increase in cargo volumes for fiscal year 2013-2014, ended June 30. The port authority said the increase […]
Crowley Maritime Corp.’s solutions group has expanded its presence in the Asia-Pacific market by opening a new project-management office in Singapore. William Hill has relocated from Crowley’s Anchorage […]
Hanjin Shipping reported a 199.8 billion Korean won ($194.6 million) loss in the second quarter, compared to an 80.4 billion loss in the same period last year. Total […]
The U.S. economy increased at an annual rate of 4 percent in the second quarter of 2014, compared to a first quarter decrease of 2.1 percent. The Commerce […]
Liner carrier Hamburg Süd has opened an office in Nanjing, increasing its operational footprint in China to 20 locations. All tasks that were previously carried out by the […]
During the second quarter, C.H. Robinson saw total revenues rise 6.5 percent, year-over-year, to more than $3.5 billion, as net income increased by 6 percent to $118.5 million. […]
The company said it has sufficient cash on its balance sheet to fund the total acquisition cost; however, it may elect to finance part of the purchase price with […]
The Port of San Diego board of commissioners has placed Wayne Darbeau, its chief executive officer, on administrative leave and said he will be terminated at the end of […]
A senior U.S. Commerce Department official told a group of exporters attending a conference in Washington Tuesday that while recent reforms to the country’s export control regulations should make […]
Florida’s Port Manatee has been awarded a $1,837,500 security grant, allowing it to move ahead with three projects. The award, the second-highest for any Florida port in the […]
Carrier Transicold has released its new XtendFRESH atmosphere control system, which preserves quality and extends shipping distances for perishables shipped in refrigerated containers. The system uses a self-regenerating, […]
For years, Jeanne Shaheen, D-N.H., and Pat Toomey, R-Pa., along with Sen. Mark Kirk, R-Ill., have led a bipartisan effort to reform the U.S. sugar program, which has cost consumers […]
Kenny E. Toy, 54, a former afloat programs manager at the U.S. Navy’s Military Sealift Command, was sentenced Tuesday to serve 96 months in jail for taking bribes. […]
Horizon Lines reported a loss of $1.6 million in its second quarter, which ended June 22, compared with a loss of about $900,000 in the second quarter of 2013. […]
The U.S. Commerce Department’s Bureau of Industry and Security is further restricting trade with Russia in response to the country’s continued support of separatists in eastern Ukraine. In […]
Seaspan has an ambitious orderbook, saying its “managed fleet consists of 109 containerships, representing a total capacity of over 840,000 TEU, including 30 newbuilding containerships” due by the end […]
Exel has formed a new freight brokerage company, Exel Freight Connect, to help connect its customers with carriers across the United States, Canada and Mexico. The new company […]
Steel imports from Canada were up just more than 1 percent to 534,000 net tons, while imports from South Korea dropped almost 22 percent to 457,000 net tons, after […]
Several groups in the San Francisco Bay area say they are going to attempt to prevent Zim ships from docking and discharging cargo at the Port of Oakland on […]
The U.S. Commerce Department has determined that imports of certain electric-generating solar panels imported from China and Taiwan are being dumped on the U.S. market. Dumping occurs when […]
Five years after its implementation, the Earned Import Allowance Program is not providing enough incentives to help reverse the decline in Dominican apparel exports to the U.S. market, according […]
The two sides are trying to work out a new contract to replace the six year pact that expired on July 1. The ILWU-PMA agreement covers nearly 20,000 longshore […]
Dachser Transport of America Inc. has opened a new office in St. Louis, expanding its footprint in the Midwest. The office is located in the St. Louis Customs […]
Port Commission Chairman Janiece Longoria said an Army Corps of Engineers report found the minimum net benefits of the improved Bayport and Barbours Cut channels to the U.S. economy […]
The Port of Savannah handled a record 3.14 million TEU in the fiscal year ending June 30, up by 6.3 percent, or 186,567 TEU, compared to the previous year. […]
The Hong Kong-based liner company said it moved 1,453,193 TEU in the period ending June 30, 11.2-percent more than in the same 2013 period, while revenues were $1.5 billion, […]
The Port of Oakland handled 205,692 TEU in June 2014, 4.6-percent more than in June 2013. Full export containers were 84,032, up 1.7 percent; full import containers were 73,853, […]
Qatar has become the majority owner of the United Arab Shipping Company (UASC), one of the most expansion-minded container shipping companies in the world. A U.S. Federal Maritime […]
Degnan was nominated by New Jersey Gov. Chris Christie and confirmed by the New Jersey State Senate on July 10. Christie has been slammed for the role members of […]
The International Longshore and Warehouse Union and employers represented by the Pacific Maritime Association resumed contact talks on Wednesday, following a break in which union negotiators attended a Longshore […]
In Vancouver, Canada, the carrier said that “an increase in volumes diverted away from U.S. West Coast, coupled with limited allocation in rail cars to U.S. corridors, has resulted […]
The project will improve access to the terminal gate complex and enhance the movement of new vehicles between BMW’s processing facility and the vessel-berthing area. The road improvements are […]
An array of sensors that provide ships and other users in the Port of Jacksonville with real-time tidal and weather information was dedicated Wednesday. The Physical Oceanographic Real-Time […]
Costamare, an Athens-based company that owns and charters containerships to liner companies, said it had net income in the second quarter ending June 30 of $27.4 million, compared to […]
The Piracy Reporting Center of the International Chamber of Commerce’s International Maritime Bureau is raising the alarm about an increase in small tanker hijackings. While the overall number […]
Roadrunner Transportation Systems of Cudahy, Wisc., said it has acquired Integrated Services, Inc., of Kokomo, Indiana, a regional logistics provider primarily focused the automotive industry, for $13 million. […]
“As I commented this past spring when preliminary cargo figures began rolling in, we’re really entering a great period here at the Port of Philadelphia,” said Charles G. Kopp, […]
Port Freeport in Texas recently received two new post-Panamax cranes from Shanghai. Both cranes will occupy a portion of Berth 7 at Velasco Terminal. They stand just under […]
Pantos Logistics has acquired a 20,000-square-meter warehouse at Massvlakte next to Port of Rotterdam. The warehouse will allow Pantos to further expand its distribution business in Europe. […]
Non-vessel-operating common carrier Vanguard Logistics Services has established Vanguard Turkey Lojistik Hizmetler A.S., providing both import and export less-than-containerload services. The NVO has provided services in Turkey through […]
Norfolk Southern officials said the railroad broke a record for net income during the third quarter, generating $562 million, a 21-percent, year-over-year rise. Income from railway operations experienced […]
Crowley is reportedly “in talks to acquire Horizon Line’s port facilities in San Juan and its service between the mainland and Puerto Rico,” according to the publication Caribbean Business, […]
Foreign shipping lines are resuming container service to Iranian ports. “Thai Wan Hai Company became the first foreign shipping line that resumed operation in Iran after its ship […]
Derek Leathers, Werner’s president and chief operating officer, said his company has expanded its business relationship and worked closely with Hercules’ chairman and chief executive officer, and the company’s […]
Freight tonnage will rise 23.5 percent between 2013 and 2025, as freight revenue increases by 72 percent during the same period, according to the American Trucking Associations’ “U.S. Freight […]
Matson said it entered into a settlement agreement on July 17 with the federal government over a whistleblower lawsuit that claimed violations of the federal False Claims Act because […]
The U.S. Federal Maritime Commission has received 20 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 20 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 20 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from ASL Global Logistics, Humble, Texas […]
The U.S. Federal Maritime Commission has received 20 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Blue Circle […]
Six filings come from each California and Texas; five other states represented.
FMC reviews 20 OTI license applications
The U.S. Federal Maritime Commission has received 20 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from CTL USA, Brooklyn, N.Y. (Joy Fu, secretary); […]
The U.S. Federal Maritime Commission has received 20 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier Burnaby license applications from Arrow […]
The U.S. Federal Maritime Commission has received 20 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 20 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Amarine Shipping, Compton, […]
The U.S. Federal Maritime Commission has received 20 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 20 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Alibaba Global Shipping, Oakland, Calif. […]
Individuals knowing of any reason why an applicant should not receive an OTI license or amendment are urged to contact the FMC’s Office of Transportation Intermediaries.
Individuals knowing of any reason why an applicant should not receive an OTI license or amendment are urged to contact the Office of Transportation Intermediaries.
The International Longshore and Warehouse Union and the Pacific Maritime Association will take a break from negotiations on Monday and Tuesday.
Cantwell Sen. Maria Cantwell, D-Wash., a long-time advocate for freight investment, plans to sponsor a bill that would support greater development of freight infrastructure as part of a long-term […]
