Philadelphia-area company will supply fuel equal to about 10 percent of Maersk’s needs

World’s largest container lessor says customer demand was supported by solid trade growth and increased reliance by carriers on leased containers.

Customs house brokerage is a “sticky” service, and that’s what makes it attractive.

Backed by CI Capital, the Chicago-based company already has made two acquisitions this year.

Maersk said its purchase will increase its North American customs staff from 80 to 250.

But Hyundai Merchant Marine saw growing revenue and a smaller operating loss in the fourth quarter.

The two firms will create a multimodal logistics company with more than $1 billion in freight under management.

The International Air Transportation Association expects a slightly higher figure — 3.7 percent growth — in 2019.

CEO Jens Bjørn Andersen tells analysts consolidation makes sense in an “extremely fragmented” 3PL industry.

Drewry says carriers will focus on making sure they can recover higher fuel costs.

Northwest Seaport Alliance may lease to Stevedoring Services of America and MSC’s Terminal International Ltd.

Swiss foundation owning 46 percent of Panalpina does not support offer from Denmark’s DSV.

A Hapag-Lloyd ship that caught fire early in January is now moored off Freeport, Bahamas.

Volumes tapered off in the fourth quarter, growing 4.2 percent year-over-year.

Korea Development Bank is taking steps to merge Daewoo Shipbuilding and Hyundai Heavy Industries, but says Samsung may bid.

The joint venture of Japan’s three largest shipping companies said it benefited from the rush to get cargo into the U.S. ahead of threatened tariff increase.

Railway officials discussed plans to grow intermodal cargo and develop the Nova Scotia port during this week’s earnings call.

Port handled 9.5 million TEUs in 2018 and believes technology can help solve “persistent systemic problems.”

Container volumes increased 7.5 percent; the port is dredging and adding cranes, truck gates and rail capacity to accommodate more growth.

Shippers in the transpacific trade should consider moving more of their cargo under contract rates and look at joining a shippers association or buying group because of the trade war between China and the United States, suggests Phillip Damas, director and head of Drewry Supply Chain Advisors. Most shippers move about 80 percent of their […]