The 10-ship loop will call in South China, Vietnam, Colombo, New York, Savannah and Norfolk, and is designed to provide fast transit from Asia to New York.
Lawyers still need to be consulted, but the model has valuable input from expert shippers, says NIT League.
Rates are falling on major trade routes to Europe, U.S., according to the latest figures from the Shanghai Shipping Exchange.
Hong Kong-based liner carrier saw volume fall across all trades except for Asia-Europe, while revenue declined 3.2 percent amid tough operating environment.
The company made a deal with a German bank to acquire 14 vessels, including seven containerships, and took delivery of a 13,100-TEU ship.
The railway increased net income 8.3% to $1.2 billion compared to the first quarter 2014, according to Union Pacific’s latest financial statements.
Blakey will take a behind-the-scenes role at the pro-freight group.
The Texas Coalition for Transportation Productivity has thrown its support behind state legislation to increase weight limits for trucks transporting ocean containers.
Volga-Dnepr Airlines, operator of the super-large cargo freighters, said it’s trying out a new coating on one its planes.
ClassNK establishes Global Research and Innovation Center in Singapore, Delhi Airport and Schiphol Airport sign MoU to promote cargo trade, and ContainerPort Group opens new terminal in Atlanta.
Swissport, Scoular Co., Saddle Creek, Purolator, and CPG announce executive and director appointments.
Senate and House finance committees this week marked up the Trade Promotion Authority bill for a full vote.
March service improvements slowed financial gains, according to recent statements from the port.
Pasha says it is planning “significant upgrades to the Horizon fleet.”
Research by SeaIntel for PortOverview Africa found that port congestion continues to hamper liner schedule reliability and final delivery in and out of African ports.
Product is aimed at small and medium sized shippers.
The 10th largest container carrier warns that 2015 will likely see capacity outpace demand for shipping.
E&WD will increase the Corps’ Civil Works fiscal 2016 budget to $5.597 billion, adding $864.75 million to the Obama administration’s request.
Indictment alleges the former shipping line employee authorized payment of phony invoices.
The logistics provider saw shipments grow 4.4% in 2014, according to the company’s yearly financial statement.
