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.
The PMA has released a study that cautions, “Should terminal charges at the West Coast ports increase as the result of the contract negotiations … the competitive logistics position […]
Japanese carrier “K” Line announced on top of its recent eight-vessel building order, which will be delivered from 2015 to 2016, that it has ordered two additional car carrier […]
Drewry said the decision to block the P3 Network “will probably postpone the stabilization of the over-supplied and unprofitable carrier industry, but the further development of mega-alliances will not […]
The Georgia Ports Authority said it had record cargo volumes in May. The agency said 290,436 TEU moved through Savannah, 11-percent more when compared to May 2013. Breakbulk […]
The decision by China earlier this week to turn disallow the P3 Network should not be an obstacle to the operation of other vessel-sharing agreements, said Commissioner Richard Lidinsky […]
Domestic intermodal traffic jumped to a record 270,243 units during the week ended June 14, a 6.3-percent, year-over-year, rise, according to the Association of American Railroads. Domestic rail […]
The National Labor Relations Board has consolidated complaints against Green Fleet Systems that allege labor law violations and the violation of a settlement agreement reached with the International Brotherhood […]
Israel’s Minister of Finance has said the country will not give up its so-called “golden share” in Zim. A notice on the ministry’s website said that the decision […]
The Massachusetts Port Authority voted Thursday to approve a business plan and budget for fiscal year 2015 of $623 million, a 5-percent increase, or $31 million more than the […]
Doyle noted the FMC “did not have jurisdiction over the Asia-Europe service route; therefore, the FMC did not issue a decision with respect to that route.”
The U.S. Export-Import Bank voted this week to guarantee a $15 million loan extended by Rabobank International of Utrecht, the Netherlands, to Energyst to facilitate the export of Caterpillar […]
Almost 200 truck drivers at U.K. supermarket chain Sainsbury plan to walk off the job at the Merseyside distribution center for two hours on Friday to protest the company’s […]
The Port of Los Angeles will hold a public hearing on Thursday evening to receive public comments prior to considering the a request by APM Terminals to raise 14 […]
According to Drewry’s recently published 2014 Container Census report, high-cube, 40-foot containers, which it said will represent nearly 50 percent of the fleet, are cutting into the market for […]
Asian shippers groups said they were pleased with the decision on Tuesday by China’s Ministry of Commerce to block formation of the P3 Network, a global vessel-sharing alliance set […]
Surprised by China’s decision to block the P3 Alliance’s proposal? So was most of the shipping world. Tune in to this 35-minutes podcast to hear American Shipper and BlueWater Reporting […]
Union Pacific has increased service levels for its “premium” intermodal offerings to Chicago beginning in Portland and Northern California. According to a press release, officials made the change […]
The U.S. International Trade Commission has started an investigation into the global rice trade. The investigation, “Rice: Global Competitiveness of the U.S. Industry,” was requested by the House […]
Hong Kong will permit the import of the full range of U.S. beef and beef products, consistent with access prior to the end of 2003. Previously, only deboned beef […]
President Barack Obama has designated Meredith M. Broadbent, a Republican from Virginia, as chairman of the U.S. International Trade Commission for the term June 17, 2014 to June 16, […]
The Chinese Ministry of Commerce will not approve the proposed P3 Network between Maersk Line, Mediterranean Shipping Co. and CMA CGM, scuttling the effort by the three carriers to […]
Cargo container numbers edged up 2.7 percent last month at the Port of Long Beach, making for the Southern California seaport’s busiest May since 2007. Los Angeles handled 689,141 […]
“Bold standards” that cut new heavy truck fuel consumption by 40 percent compared to 2010 levels would deliver significant environmental and economic benefits, according to a new report commissioned […]
“Financially troubled deep-sea ocean carriers are increasingly seeking salvation in the intra-Asia market due to higher than usual cargo growth and the availability of cheap vessel charter rates,” said […]
HMM, Korea’s second largest carrier after Hanjin, will sell 6.81 million convertible preferred shares worth 57 billion won to Market Vantage Ltd. and make a similar sale to Market […]
The U.S. agriculture secretary will discuss the expansion of agricultural trade between the two continents, the importance of agriculture’s role in the T-TIP, and benefits the trade agreement will have […]
Myles J. Ambrose, who served as a head of the U.S. Customs in the early 1970s and later specialized as a private practice customs and international trade attorney in Washington, […]
U.S. Customs and Border Protection has appointed David P. Higgerson to the director of its Laredo, Texas, field office. He was formerly director of the agency’s El Paso, […]
The Agriculture Transportation Coalition has urged the ILWU and employers to “take action to keep U.S. West Coast ports (and the cargo that is dependent upon them) viable.”
The U.S. Maritime Administration is accepting applications until Sept. 30, 2016 for future marine highway projects. “Eligible projects should establish new or enhance existing marine highway services that […]
The Japanese shipping company bought a 30 percent stake in the Mexican logistics company CSI Group to expand its participation in Mexico’s burgeoning finished automobile trade in North America.
Domestic freight activity inched up by 0.4 percent from March to April, led by trucking and intermodal growth, according to recently released figures collected by the Department of Transportation. […]
The Los Angeles City Council on Wednesday unanimously confirmed Gene Seroka, head of commercial in the Americas region for American President Lines, as the new executive director of the […]
There are plans to dredge the Yangtze and increase the navigation capacity of the Three Gorges Dam. People’s Daily reported China is also working on standardized ships for the Yangtze […]
R.J. Corman Railroad Group of Nicholasville, Ky., was selected by the board of the Northwest Tennessee Regional Port Authority to operate the nation’s newest multimodal inland port at Cates […]
The current officer supply is 610,000, a shortfall of 19,000. This shortfall is forecast to rise to 21,700 by 2018 given that there will be a need for an […]
Located in the Yinzhou Economic Development Zone, the plant will make various kinds of logistic equipment such as standard or special containers, CIMC said in a filing with the […]
The rate increase is substantial compared to current spot rates measured by the Shanghai Container Freight Index, which stood at $1,183 per TEU to North Europe and $1,761 per […]
The U.S. Department of Commerce will continue its investigations on imports of the containers, with its preliminary countervailing duty determination due on or about July 17.
The agency said “unprecedented collaborative efforts” have put the port “in a better position to handle both current volumes and any potential diversions from the West Coast.” Last summer, […]
Intermarine, the Houston-based project and heavylift carrier, said it will offer regular service from the U.S. Gulf and East coasts to the Mediterranean and Persian Gulf. “We are […]
FMC reviews 35 OTI license applications
The U.S. Federal Maritime Commission has received 35 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Cirrus International, […]
The Federal Maritime Commission said it will hold a meeting on June 18 where it will be briefed by “U.S. harbor trucking representatives on trucking trends and conditions” in […]
The supply chain software company JDA has become such a fixture in the world of major retailers and manufacturers that it’s easy to forget the company also has a […]
It was the biggest news in the container shipping business for a year. The world’s three largest container shipping companies — Maersk, Mediterranean Shipping Co. and CMA CGM […]
Container carriers experience another difficult year with soft demand, excess capacity. 2013 was another tough year for the liner shipping industry, with the container operations of 15 public companies […]
The peril of not declaring the value of cargo in a bill of lading was illustrated in a recent court decision (Outokumpu Stainless USA v. M/V Vegaland. et al. […]
The P3 Network was an interesting concept, although unsettling to many shippers when first announced by the three largest liner carriers – Maersk Line, Mediterranean Shipping Co. and CMA […]
Rotunda Capital acquires majority stake in third-party warehousing, fulfillment services provider. Private equity firm Rotunda Capital Partners has acquired a majority stake in Amware Logistics Services, a provider of […]
In early June, Gene Seroka, APL’s former head of commercial in the Americas region, was officially appointed the new executive director of the Port of Los Angeles. His […]
The U.S. International Trade Commission recently voted to continue an investigation, first announced in May, of imported 53-foot dry containers used to move intermodal cargo within the United States. […]
“We don’t want to see disruptions at the ports, but retailers are making sure they are prepared in case that happens,” NRF Vice President for Supply Chain and Customs […]
Concerned about a possible strike at West Coast ports as the International Longshore and Warehouse Union and employers negotiate a new contract to replace their labor agreement that expires […]
The Suez Canal Container Terminal (SCCT) in Port Said has seen around 50 ships head to other ports outside Egypt during recent weeks following industrial action in the form […]
SeaIntel said schedule integrity by global container carriers “continues to improve, but is still significantly below last year’s performance.” The consultant said global schedule reliability increased for the […]
The Federal Maritime Commission said the amendment to Agreement No. 012104 increases CMA CGM’s slot allocation, revises the number of vessels contributed by each party, and adds Savannah to […]
Waldemar (Val) Poulsen has been named president and chief executive officer of Rickmers-Linie (America) Inc., based in Houston, effective July 1. Before joining Rickmers-Linie, Poulsen was director/country manager with […]
John Atkins will to succeed Devine as president of GCT USA, effective July 1. Atkins is currently the chief operating officer for GCT USA, and he has held successively […]
The maritime law firm Chalos O’Connor LLP is closing, and its attorneys are moving to larger law firms. K&L Gates announced last week that Michael G. Chalos has […]
CEVA will expand its aerospace industry operations at Texas’ Fort Worth Alliance Airport, adding a new 100,00-square-foot warehouse for air cargo handling and some ocean freight transportation management services. […]
The European Commission is allowing the P3 Network and G6 shipping alliances to move forward. In a statement, Antoine Colombani, a spokesman for the Commission’s Competition Directorate said, […]
Jorge L. Quijano, chief executive officer of the Panama Canal Authority, said naval architects have created optimized designs that will allow ships carrying 14,000 TEUs to transit the new set of […]
The country applied for WTO membership in April 2000. Trade ministers of WTO members officially approved Yemen’s accession on Dec. 4, 2013, during the Ninth Ministerial Conference in Bali, Indonesia.
Yusen Logistics has expanded in Indonesia by opening a new warehouse in Jababeka, the company announced Tuesday. “With its prime location in the Cikarang Dry Port (CDP), this […]
CSAV, which is in the process of merging with the German carrier Hapag-Lloyd, noted that the results “were obtained in the context of a 10.6-percent reduction in freight rates […]
The vessel-sharing alliance has filed a discussion agreement with the Federal Maritime Commission that will allow them to discuss and determine whether to cooperate on trade lanes to and […]
The U.S. Department of Agriculture on Thursday released a report forecasting that the country’s agricultural exports will reach $149.5 billion, an estimated $6.9 billion higher than previous estimates and […]
The private equity firm Rotunda Capital Partners has acquired a majority stake in Amware Logistics Services, a provider of third-party warehousing and fulfillment solutions headquartered in Eagle, Colo.
Danmarks Skibskredit (Danish Ship Finance) says in its most recent Shipping Market Review that there continues to be a “massive” surplus in the supply of containerships, particularly large vessels. […]
The Israel-based container carrier ZIM said it had a net loss in the first quarter of $62 million, 45 percent smaller than the $112-million loss it had in the first […]
UPS has opened a 6,500-square-meter warehouse in Beijing to serve growing Chinese demand, adding the facility to recently completed warehouses in Chengdu and Shanghai. According to Craig Foster, […]
CMA CGM said it and NileDutch will upgrade a service between the East Coast of South America and West Africa. CMA CGM said larger vessels will operate in […]
CMA CGM, the third-largest container carrier in the world, had revenue of $3.94 billion in the first quarter of 2014, compared to $3.84 billion in the first quarter of […]
Suttons Group, a U.K.-based chemical logistics services firm, has entered a partnership with Mexican freight forwarder ROVESA. The partnership will provide a range of logistics and supply chain […]
The World Trade Organization on Friday sided with the United States in a major case against China for unfair trade practices against imports of U.S. automobiles. A WTO […]
NYK said it took delivery Tuesday of a new car carrier, Aries Leader, which is the first post-Panamax car carrier in Japan. The ship, capable of carrying 7,000 units, was built […]
United Arab Shipping Company said Kuwait’s Burgan Bank has agreed to provide a loan for the acquisition of two 14,000-TEU ships, saying it had concluded a bilateral facility worth $190 […]
North American supply chains will be strongly affected over the next three months by the negotiations for a new contract between the ILWU and employers, said Noël Perry, managing […]
Sea Star Line, which operates a liner service between the U.S. mainland and Puerto Rico, said Thursday that effective June 2, it will introduce a new chassis program for […]
The private equity firm Lincolnshire Management is reportedly repurchasing the automotive terminal and processing company AMPORTS from Highstar Capital, six years after selling it to Highstar. Industry sources […]
The number of containerships in long term layup is decreasing, according to information service Alphaliner. In its May 13-29 newsletter, the Alphaliner said there are “currently 45 containerships […]
The Port of Cleveland’s board of directors on Wednesday approved up to $110 million in bond financing to help American Greetings Corp. in building its new headquarters at Crocker […]
The P3 Network, an operational and vessel-sharing alliance planned by Maersk, MSC and CMA CGM in the major East-West trades, now expects to start operations in fall of 2014 […]
Carrier Transicold has introduced a new anti-tamper refrigerant seal system to offer a higher level of refrigerant integrity and traceability for container refrigeration systems. The company said the […]
A.P. Moller-Maersk, the Danish conglomerate that owns Maersk Line, APM Terminals, Damco and other businesses, reported a profit of $1.2 billion for the first quarter of 2014, compared with […]
BNSF and Ferromex BNSF Railway, the largest freight railroad in the United States, will launch its first intermodal service offering in Mexico on May 27 in partnership with Mexico’s […]
The U.S. Justice Department said Jordan-based Arab Ship Management Ltd. pleaded guilty Tuesday in federal court in Wilmington, Del., to one count of violating the Act to Prevent Pollution […]
SeaIntel says the ships of the carriers in the new G6 Alliance will spend 3.4 percent more time in port, but increase average vessel capacity 8 percent when compared […]
ZIM says it is planning changes that will extend coverage and improve service between ports in the U.S. Gulf and East Coast with South America, the Caribbean and Central […]
Vilsack U.S. Agriculture Secretary Tom Vilsack has cited recent improvements to expanding Mexico’s consumer market to American agricultural products. Mexico’s expanded import ruling to allow increased potato imports […]
The Maritime Safety Committee of the IMO on Monday approved changes to the Safety of Life at Sea convention that will require verification of container weights as a condition […]
An initial public offering of stock in Hapag-Lloyd is anticipated in 2015, according to executives at TUI, the German tourism company that is the former parent company of the […]
A pamphlet was officially released at the 93rd session of the International Maritime Organization’s Maritime Safety Committee in London on Tuesday to offer guidance to vessel operators on how […]
The Israeli container shipping company ZIM says it has finalized a financial restructuring plan that will leave it “strongly positioned for growth.”
The United States signed a Customs Mutual Assistance Agreement last week with Uruguay. The bilateral agreement helps the U.S. and Uruguay’s respective customs administrations to prevent and investigate […]
With two years into the U.S.-Colombia Trade Promotion Agreement, the White House reported that U.S. manufacturers have substantially increased exports of transportation equipment, petroleum and coal products, processed food, […]
Port Freeport in Texas is expecting the delivery of two post-Panamax cranes by late July. The 300-foot-tall cranes, which can lift up to 75 tons, departed Shanghai by […]
A congressional watchdog agency warned that weaknesses in the National Aeronautics and Space Administration (NASA) export control policy and implementation of foreign national access procedures at some centers increase […]
Cargo volumes were up because of a rebound in March, when 280,519 TEU moved through the port. In January and February, container volumes were off by 0.4 percent and […]
