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The credit agency Moody’s says the U.S. port industry has a negative outlook because container-volume growth will lag behind the historic norm, putting pressure on the industry’s biggest customers. […]
French liner carrier CMA CGM said it will launch a second service between the United States and Australia/New Zealand. The so-called PAD 2 service will start March 4 […]
A chemical tanker collided with COSCO’s containership Fei He on Jan. 29 while arriving in Singapore from Tanjung Pelepas. COSCO said the ship sustained damage to the portside […]
Revenues at Canadian National Railway for 2013 ticked up to C$10.58 billion ($9.54 billion), a year-over-year rise of seven percent, but net income fell, year over year by C$68 […]
The Class I railroad Norfolk Southern has opened a new “thoroughbred bulk transfer” terminal in Chesapeake, Va. TBT terminals are specialized facilities that allow shippers to transfer a […]
Kuehne + Nagel has extended its logistics provider partnership with SAS Scandinavian Airlines (SAS Technical Operation) for another three years. K+N’s Copenhagen airport office provides door-to-door logistics services […]
Henningsen Cold Storage has started construction on a 2.7 million-cubic-foot expansion to its Portland, Ore., facility. Originally built in 2008, the facility supports many shippers requiring frozen and […]
Third-party logistics services provider Kane Is Able will add a distribution center in the Detroit area this month. The company will move into a 60,000-square-foot facility in Brownstown, […]
Japan’s three large shipping companies on Friday reported their results for the nine month period which ended Dec. 31, 2013. All had increased revenues, but the profit picture was […]
The plan includes recommendations for stepped-up efforts to develop direct intermodal rail access and deepen the harbor, as well as relocating some container operations from the Talleyrand Terminal to […]
Panalpina did not disclose the identity of the company, but said it is now managing the assembly of semi-knocked down units for base stations at cell phone towers.
The Port Authority of New York and New Jersey confirmed a report that it is “considering all options for the future of ExpressRail, including its future privatization.” ExpressRail is […]
AutoInfo, Inc., the parent company of Sunteck Transport Group and E-Transport Group, will become Sunteck, effective May 1. As part of the re-branding initiative, the capacity division, which […]
A little more than two years after Maersk Line Ltd. and Rickmers-Linie (America) Inc. formed a joint venture to provide breakbulk and project cargo shipping with two U.S.-flag, multi-purpose […]
C.H. Robinson has opened an office in Innsbruck, Austria. The new office will help the company expand its European road transport services. Chucko Beslic, a nine-year transportation industry […]
The trade association warned, if left unchanged, the Renewable Fuel Standard volume requirements would “significantly damage the nation’s growing biodiesel industry and adversely impact soybean growers.”
The Federal Emergency Management Agency last August turned down a request by police in Newport News, Va., to fund a blimp to keep watch on the Port of Hampton […]
The trade data firm Panjiva said a survey of 100 of its users found about two thirds of them optimistic or very optimistic about the economic outlook in 2014.
U.S. steel imports fell by 3.5 percent in December 2013 compared to the previous month based on a preliminary review of government data by the American Institute for International […]
MOL (America) Inc. said this week that its North American intermodal transit on-time performance results for October-December 2013 was 56 percent for the three origin ports in Asia to […]
A new container terminal capable of handling 800,000 containers annually was dedicated at the Port of Mariel on Monday. Both Raul Castro, president of Cuba, and Dilma Rousseff, […]
It will pay $86.9 million for each ship for a total of $434.5 million. They are to be delivered in 2016 and 2017. COSCO also noted that on Dec. […]
The Baltimore Sun has reported that a federal arbitrator ordered a local of the International Longshoremen’s Association to pay about $3.8 million in damages after a three-day strike in […]
Hub Group said it had a profit of $69.1 million in 2013, compared to $68 million in 2012. Revenue was $3.4 billion in 2013, compared to $3.1 billion in […]
Matson said it has issued $100 million in 30-year final maturity senior unsecured notes pursuant to a previously announced private placement on Nov. 6, 2013. It said proceeds […]
DSV has launched an intermodal service between Turkey and the UK. One service offers departures three times a week direct by rail from Halkali train terminal in Istanbul […]
Members of the Transpacific Stabilization said they will seek further rate Eastbound rate increases in March and May, seeking to “build on the momentum” of a $300 per 40-foot […]
The use of alternative fuels beyond LNG will be adopted by more than 20 percent of shippers, according to a report released by DNV GL. “While LNG is […]
CMA Terminals, a wholly-owned subsidiary of the CMA CGM Group, will acquire a 25-percent share of ICTSI’s Lekki International Container Terminal Services LFTZ Enterprise (LICTSLE) in Nigeria, 37 miles […]
Hanjin Shipping said Tuesday that it had a net loss of 680.2 billion South Korean won ($631 million) and an operating loss of 242.4 billion won ($225 million) in […]
The Port of Hueneme has extended a contract with Global Auto Processing Services (GAPS) through Jan. 31, 2019. This is the fifth modification of GAPS contract since it first […]
Following last year’s spill of molasses from a pipeline in Honolulu Harbor, state legislators in Hawaii are suggesting that fines or settlements go into a fund to be used […]
The Port Authority of New York and New Jersey said 150 longshoremen “are in the process of being hired” despite ongoing litigation. Seventy five checkers will also be hired.
Hapag-Lloyd said Monday it will transfer the U.K. call of three services from Tilbury to DP World’s London Gateway terminal. Hapag-Lloyd said the three services are the Chile […]
The logistics solutions provider Descartes Systems Group said Monday that the Rotterdam-based tank terminal storage company Botlek Tank Terminal (BTT) is using Descartes for European customs connectivity and compliance capabilities. […]
It appears that the container shipping industry finished 2013 with strong container volumes. The Container Throughput Index of the Rhine-Westphalia Institute for Economic Research (RWI) and Institute of […]
China Shipping issues profit warning
China Shipping Container Lines has issued a profit warning to its shareholders. The liner company said Monday that based on a preliminary estimate by its finance department, it […]
Forward Air Corporation has signed an agreement to purchase Central States Trucking Company and Central States Logistics, it announced Thursday. Bruce Campbell, chairman, president and chief executive officer […]
The parent company of OOCL provided an early peek at what the end of 2013 might have looked like for the container industry as it released an unaudited fourth […]
By sharply reducing its debt and continuing to reduce expenses, container carrier Zim believes it will be able to stay on course, even if the container shipping industry continues […]
DP World said it has begun using a spreader bar on one of the cranes at its London Gateway terminal that is capable of lifting four 20-foot containers or […]
Kansas City Southern brought in a record $616 million in the fourth quarter of 2013, and for the full year, revenue was a record $2.4 billion, the company reported […]
Tampa, Fla.-based bulk tank container transportation services provider Quala has acquired ProKleen, a food-grade commercial tank-washing service with locations in Oakville and Concord, Canada. Terms of the deal […]
The competency of the crews is a major advantage of using the U.S. flag fleet when shipping goods around the world, but cost is a major drawback, according to […]
In a filing with the Tel Aviv Stock Exchange and Israel Securities Authority, Zim’s parent company Israel Corp. outlined a “term sheet” for a financial restructuring of the container […]
Seabord Marine has signed a 10-year lease renewal for a 267,400-square-foot warehouse at a port in Medley, Fla., adding an expansion for 64,000 square feet. “Following a long-standing […]
Hapag-Lloyd said it has signed a memorandum of understanding with the Chilean container shipping company CSAV about combining the container shipping operations of the two companies.
Opponents of a fee charged by the Port Authority of New York and New Jersey on cargo moving through the port are halfway toward their goal of having it […]
Seago Line will open a direct weekly call from Aarhus, Denmark, to St Petersburg, with the first call scheduled for Jan. 25. The service will depart on Saturdays […]
Congestion at the Oregon port’s Terminal 6 caused the operator ICTSI to take the unusual step on Tuesday of allowing truckers to only deliver empty containers in the morning and […]
The Port Authority of New York and New Jersey on Wednesday morning advised users to check individual terminal Websites for the latest information on servicing vessels and their hours of […]
“This significantly younger fleet, combined with the fact that the P3 carriers will deploy significant larger vessels than the G6 carriers, means that the P3 alliance will have substantial lower […]
Maersk announced it will add a new direct service from the East Coast of South America to West Africa on Jan. 28. Maersk’s WAFEX (West Africa Express) will […]
Israel’s Globes newspaper said last week Zim and its creditors have signed a debt settlement that includes a 50 percent write-off of Zim’s $3 billion debt, mostly to foreign banks. It said the […]
Car Carriers Investment AS, a 50/50 joint venture between a subsidiary of Klaveness Marine Holding and a subsidiary of J.P Morgan Global Maritime Investment Fund, intends to start a voluntary […]
Canada’s St. Lawrence Seaway Management Corp. (SLSMC) said the waterway saw a surge in ships carrying grain in December, but volumes were lower on the waterway in 2013 than […]
The ports of Seattle and Tacoma said last week that they have filed a discussion agreement with the Federal Maritime Commission that will allow them “to gather and share […]
The Global Shippers Forum, which includes the U.S. National Industrial Transportation League as one of its members, wants the block exemption for the liner shipping industry in Europe, which […]
The first of the ships is scheduled to be handed over by November. The remaining four containerships are slated to be delivered by the end of the first quarter […]
RoadOne IntermodaLogistics has started an initiative with GreenFleet Ventures that will allow North American owner-operators to lease newer vehicles and more environmentally friendly tractors, according to a news release. […]
Acquired last August by XPO, 3PD is the largest provider of “high-touch, last-mile” deliveries in North America, said Karl Meyer, the unit’s chief executive officer. Meyer, former national […]
Third-party logistics provider XPO paves a path forward through acquisitions. XPO Logistics, a third-party logistics company that has seemingly made a business of acquisitions over the last two years, […]
FMC says it will carefully review the proposed P3 Network and G6’s expansion. Last month the U.S. Federal Maritime Commission requested additional information about the proposed expansion of the […]
With U.S. infrastructure headed south, heavy equipment shipper sends 40 percent of cargo north. Stu Levenick, president of Caterpillar, said aging U.S. transportation infrastructure and related shipping inefficiencies raise […]
Allegations of a plot cooked up by at least one member of the administration of New Jersey Gov. Chris Christie and an executive at the Port Authority of New […]
The Port of Cleveland is about to embark on a bold move – offering a scheduled all-water container service from one of its terminals in the Great Lakes to […]
Greenfield port plan off Louisiana coast would rely on immigrant investors for funding. An investor group with a unique financing scheme that involves a controversial federal immigration program and […]
Swayed by changing market conditions and trends, retailers continue to drive logistics services. In the wake of the 2009 financial crisis, U.S. liner imports fell 16 percent, exports […]
As China develops interior and urbanizes, its need to improve transport grows. Look for an increase in investment in and acquisitions of logistics companies by the Chinese in coming […]
Should the owner of a vessel be awarded damages for economic loss due to negligence in the absence of physical damage to its property? That issue was addressed […]
As medicines have become more specialized and their manufacture globally has advanced, the need for cold-chain transportation has skyrocketed. The demand for cold-chain providers who can not only […]
“K” Line said Friday it had recorded a loss of 5.7 billion yen ($54.8 million) as a loss provision related to the Japan’s Anti-Monopoly Act during the consolidated third […]
Drewry Maritime is forecasting that the majority of container shipping lines “will finish in the red for last year” and that freight rates remain historically weak. In a […]
The report found “supply chain analysis increasingly important for businesses. For the second year in succession, (business interruption) and supply chain risk ranks as the top peril in the […]
London Thamesport has welcomed the announcement of a new short sea container shipping service by A2B-online, a Dutch transport company specializing in full load, part load, and pallet consignments […]
NYK said it has increased its ownership of a car terminal company in Kazakhstan from 25 percent to 100 percent. NYK Holding Europe B.V., an NYK Group company, […]
The Justice Department on Thursday said two men were indicted by a federal grand jury in Las Vegas for violations of the federal renewable fuel program that allegedly netted […]
The U.S. Environmental Protection Agency issued a final rule this week to move ahead with the development of a national electronic manifest system to replace the existing paper-based system […]
The 20 largest container shipping companies lost an aggregate of $1.3 billion between 2008 and 2012 according to Dynamar, which attributes this increased volatility to the creation of the […]
The Japanese shipping company said the alliance will “organically connect TraPac’s expertise in top-level terminal operation with Toronto-based Brookfield’s knowledge of the infrastructure business in North/South America, Australia and […]
The Greenbrier Companies said Thursday that its Gunderson Marine division has received an order from Kirby Offshore Marine to build an articulated ocean-going oil and chemical tank barge, with […]
The Federal Maritime Commission wants more information on the proposed expansion of the G6 vessel-sharing agreement (VSA). Commissioners voted to ask for additional information from the G6 container […]
Pacific International Lines (PIL) will begin calling the Port of Seattle next month. Singapore-based PIL’s new Asia Pacific Northwest Service (ANW) will call Terminal 30 in partnership with […]
MOL is planning to sell a 49-percent interest in its TraPac terminal subsidiary to a Canadian company, Brookfield Asset Management.
Evergreen has taken delivery of an additional 8,508-TEU containership built at CSBC Corp.’s shipyard in Kaohsiung. The ship, Ever Lucid, will join one of the Taiwanese carrier’s Far East […]
INTTRA said the Chilean container shipping company CSAV will make INTTRA a preferred e-shipping platform for its shippers and freight forwarders. “By making INTTRA’s e-commerce capabilities and network […]
A bill that seeks to halt shipping fees charged by the Port Authority of New York and New Jersey has been passed by New Jersey’s Assembly and Senate. […]
The Maritime Administration kicked off a three-day “National Maritime Strategy Symposium” in Washington on Tuesday with calls to expand the U.S. flag fleet serving international trade. Secretary of […]
The manufacturing sector gained strength in the fourth quarter of 2013, with retail demand remaining sluggish, according to the investment banking firm Stifel Nicolaus. In a report issued […]
ILA members approved a national master contract that covers containerized cargo last April. But negotiations over local issues and handling of breakbulk cargo continued in some ports, including Baltimore.
The U.S. Senate Committee on Commerce, Science, and Transportation on Monday evening favorably reported President Obama’s nominees for several positions including: Paul Jaenichen, Sr., to be administrator of the […]
CMA CGM, Maersk, APL, OOCL, Emirates Shipping, Hamburg Süd and Regional Container Lines will cooperate on services between the Far East and Indian subcontinent starting next month.
Reederei NSB, the owner of the containership MSC Monterey, said repairs on its cracked deck and hull have been completed.
Members of the G6 Alliance today announced the cancellation of two Asia-Europe sailings in response to seasonal changes in market demand.
The Taiwanese carrier said it had signed charter agreements with both Costamare and Shoei Kisen Kaisha for each to provide, on charter, five 14,000-TEU containerships to be delivered during […]
The Rotterdam-based law firm AKD said shipping and international trade and logistics operators may benefit from a recent decision by European Justice Ministers, which will improve their chances of […]
Man Diesel & Turbo engines will power the new combination container/roll-on, roll-off ships being built by Crowley Maritime Corp. for its Florida-Puerto Rico service, the manufacturer said. Each […]
Menlo Worldwide Logistics announced last week they are implementing a new product-picking regime involving “Pick to Light Carts” developed by warehouse system integration specialist Inther Logistics Engineering. Menlo’s […]
Strikes have stopped operations at some ports in Chile near the beginning of the country’s winter fruit export season.
