In September, global freight ton-kilometers rose by 0.5 percent, year over year, following a 3.4 percent rise in August. Even with this worldwide slowdown in cargo activity, volumes are still showing increases.
By sharing vessel space, the carriers said they will increase total capacity in the trade by using two 2,500-TEU-capacity vessels, resulting in a more efficient operation and reduced carbon emissions in the lane.
A study conducted by the Universidade Estadual de Londrina in Brazil that found commercial truck drivers in Australia, Latin America and the United States are users of drugs and alcohol has been called misleading and unscientific by the American Trucking Associations. ATA said the Brazilian university based the study on self reporting and […]
“Based upon this outcome, there will be no strike by employees in the affected region or anywhere else in the ABF nationwide system,” the carrier said in a statement.
FESCO Integrated Transport North America has launched a new regular container service from North America to St. Petersburg, Russia, from the ports of New York, Norfolk and Charleston with weekly frequency.
China Cosco Holding Co. Ltd. said it had a net loss of 737 million yuan renminbi (RMB) ($121 million) in the third quarter, compared to a 1.1 billion RMB loss in the same 2012 period. Revenue in the quarter was 15.9 billion RMB compared to 19.1 billion RMB in the third quarter of […]
NOL Group, the Singapore-based parent of the container liner company APL, on Wednesday reported a net profit of $20 million for the third quarter of 2013, down from $50 million in the same 2012 quarter. Revenue in the third quarter was $2.1 billion, down 10 percent from the third quarter of 2012. In […]
Hanjin Shipping said Wednesday that it is receiving a loan of 150 billion Korean Won ($141.6 million) from Korean Air, a major shareholder of Hanjin Shipping Holdings. In return, Hanjin Shipping Holdings will be pledging Hanjin Shipping shares to Korean Air. Hanjin Shipping said “this decision has been made by the board […]
AGL Resources said its Tropical Shipping operation had earnings before interest and taxes (EBIT) of $2 million in the third quarter compared to a loss of $1 million in the same period a year earlier. In the first nine months, EBIT was $3 million compared to a $1 million loss in the first […]
Saia achieved third-quarter revenues of $293 million, a 5.4-percent year-over-year increase, on a 34-percent raise in operating income. For the year, revenues improved over the first nine months of 2012 by $25 million to $859 million. LTL shipments increased by 0.6 percent per day, but weight per shipment declined by 0.7 percent, […]
The agreement would give the three carriers the ability to discuss and agree on the size, number and operational characteristics of vessels to be operated on transatlantic and transpacific trade lanes.
“I believe management has good intent; I believe the ILA has good intent. But the big umpire in the room is the Waterfront Commission,” said Dennis Daggett.
CP acquired the 660-mile section of track, which runs west through South Dakota, Nebraska and Wyoming, in its October 2008 purchase of Dakota, Minnesota & Eastern Railroad.
Mobile, Ala.-based ASF Intermodal has opened an intermodal drayage facility in Chicago, the firm’s first location in the Midwest. The new Chicago terminal is the first of several Midwest terminals the company plans to open over the next 12 months. Paul Heyder will manage the terminal, which will begin with two office […]
A.P. Moller-Maersk has appointed Morten Engelstoft to chief executive officer of Services and Other Shipping. In addition, Engelstoft will take over the position of CEO for Maersk Tankers, while Hanne B. Sørensen, who formerly held this role, will become CEO of Damco. The changes at Maersk Tankers and Damco take effect Jan. 1. […]
The Obama administration expressed “serious concerns” about the enforcement of Guatemala’s worker-rights laws, expecting “solid progress” toward implementing the country’s commitments over the next six months.
Top trade officials from Canada, Mexico and the United States have committed to strengthening the trade and economic relationship among their nations. The group — U.S. Secretary of Commerce Penny Prtizker; Ed Fast, Canada’s international trade minister; and Ildefonso Guajardo, the Mexican secretary of economy — pledged to work toward regulatory cooperation and […]
The National Shipping Co. of Saudi Arabia, Bahri, said it had net profit of 146.1 million riyal ($39 million) in the third quarter compared with 60.2 million riyal in the third period of 2012. The company said the main reasons for the increase in profit were increased income from Petredec, an LNG trading […]
During the third quarter, cargo volume at Amsterdam Airport Schiphol rose by 2.6 percent, year over year, to 383,780 tons. Year-to-date, cargo has grown by 1.6 percent over 2012 to 1.12 million tons. This growth has continued even as freighter movements have fallen by 1.4 percent compared to 2012. Asia and North […]
INTTRA said that it will roll out a cloud-based product early next year that will allow shippers — even and small- and medium-sized businesses — to get better visibility into their supply chains. Shippers will be able to log onto the INTTRA website and get updates on the status of their shipments, much […]
