IMO 2020 low-sulfur regulation costs weighed
Demand for container shipping in the transpacific was another major topic at TPM19.
CMA CGM volume, revenue increase in 2018
French carrier says CEVA acquisition will create $30 billion company offering door-to-door logistics.
APMT opens terminal in Costa Rica
Built at a cost of $1 billion, the Moín terminal will be used to move refrigerated cargo to Europe and Asia
IMO 2020 mandate looms large for container industry
Consulting firm says requirement to use low-sulfur fuel could raise costs by $10 billion for industry.
Roadrunner raises $450 million to speed up ‘recovery’
Simplification and improvement of capital structure will support long-term business plans, says the logistics and transportation company.
Kuehne + Nagel aims to grow twice as fast as market
The Switzerland-based freight forwarder and logistics company reports both increased sales and profit for 2018.
APL offering high-speed rail service to Midwest
The service will be paired with APL’s Eagle Express X transpacific service.
Matson ship being repaired after minor oil leak
The ship Kauai will be moving cargo to and from Hawaii while Matsonia undergoes repairs.
U.S. DoJ drops probe of container shipping companies
Companies say a nearly two-year-old investigation has been dropped.
Lineage Logistics acquiring Preferred Freezer Services
The deal appears to make Lineage the world’s largest operator of temperature controlled warehouses.
Delivery firm Roadie raises $37 million
Home Deport is among the latest investors in the same day delivery company.
Hapag-Lloyd reports higher revenues, earnings in 2018
Rising volumes and “reasonable” orders for new ships expected to result in improving balance of supply and demand in the container shipping industry.
Matson’s diversity helps lift revenues
China service, terminals and logistics outweigh ongoing competitive situation in Guam and lower southbound volume in Alaska.
Maersk calls 2019 a year of ‘considerable uncertainties’
The company says freight rates are higher as it begins contract negotiations with North American shippers.
Port of Long Beach looks to deepen, widen channels
With deeper channels, longer and wider ships will be able to move to and from berths without having to wait for high tides.
BIMCO sees ‘tough’ 2019 for long-haul container trade
Analyst predicts a slowdown in U.S. containerized imports and continuing shift to to East Coast ports.
Concerns fielded about proposed Oakland ballpark
Maritime groups tell California legislators not to give special treatment to Oakland Athletics.
Port of Hamburg highlights rail growth
While contaner volumes were flat in 2018, more cargo is moving to and from the port by rail.
Panalpina in talks with Agility as DSV sweetens its offer
The Swiss forwarding company Panalpina and Kuwait-based Agility talk “partnership opportunities” while the Danish firm DSV makes an all-cash offer for Panalpina.
XPO shares plunge after earnings miss
FedEx shares also tumble over speculation that Amazon may handle more logistics work in house.