CEVA’s board says the offer is friendly but shareholders may do better if they hold onto their shares.
International Longshore and Warehouse Union says plan to automate Pier 400 puts robots ahead of people.
Transpacific revenues up 26 percent in fourth quarter of 2018 on 6.1 percent volume growth.
Executive Director Mario Cordero says even after a record 2018 the port is hopeful for additional volumes.
National Industrial Transportation League panel focuses on ways to reform charges.
More than 1 million TEUs will be delivered in 2019 and 2020, according to forecasts.
Relief is expected when volumes dip after Lunar New Year, which begins Feb. 5.
Since Maersk acquired Hamburg Süd in 2017, it is focusing on the container liner business.
Net earnings for 2018 totaled $490 million, down from $686 million in 2017.
SpaceX’s lease on a 19-acre site at the port will end in February, while Cal Cartage will close its warehouse on an 85-acre site in July.
Set to launch in April, the network will involve the deployment of about 330 containerships with a carrying capacity of around 3.8 million TEUs across 38 services.
The barge would move containers between the Wando Welch and Hugh K. Leatherman terminals.
The port handled a record amount of container volumes in 2018, but the outlook for the coming year is uncertain, according to the port’s maritime director.
Months after being rejected by CEVA, the Danish logistics company offered $4 billion for Panalpina.
There is growing interest in interchanging equipment between importers and exporters at locations other than marine terminals and container yards.
The carrier will use the Belgium-based service to approve the triangulation of containers in the United States and Canada.
The union says truck drivers will be prevented from waiving their rights through private arbitration agreements; the decision may spark class action lawsuits against owner-operator fleets.
But the outlook for 2019 is muddled by the U.S.-China trade war.
Now the Airbnb-like startup with an online marketplace serving shippers, truckers and logistics companies has secured a partnership with ITS ConGlobal.
The 15,262-TEU containership was heavily damaged in a March 2018 fire that killed five crewmen.