Strong selling on Friday follows the disclosure that XPO’s founder, and chair of both companies, sold 3.2 million shares in each.
The Port of Savannah handled 6.7% more containers in November compared to a year ago, according to the Georgia Ports Authority.
California drayage company Orange Avenue Express alleges ocean carrier Hapag-Lloyd is forcing it to act as a storage facility for refrigerated containers.
The container shipping surge shows no signs of letup, but the Southern California ports say they are slowly clearing out the backlogs.
Air Canada is deploying a new cargo jet to alleviate the cargo delays caused when flooding partially cut off the Port of Vancouver.
Not only critical for the safety of seafarers on vessels, the terrestrial AIS data provides specific commodity and port information so trading decisions can be made.
The unique design will improve port efficiency and increase capacity, according to Maersk.
The A321 passenger-to-freighter aircraft is only a year old. Now its sister, the A320, is transitioning to an all-cargo configuration too.
The number of ships waiting to berth at the Port of Vancouver reached 60 as congestion continues while rail service slowly recovers from storms.
Controversial plan to charge for containers lingering on terminals keeps getting delayed. Yet containers still linger.
An FMC shipper advisory recommends prioritizing container automation ahead of next year’s labor negotiations.
Ocean shipping reform legislation passed on Wednesday in the U.S. House as the Senate prepares companion legislation.
Crowley wants to be “the most sustainable and innovative maritime and logistics company in the Americas by 2025,” says Alisa Praskovich, sustainability director at the company.
Amazon is throwing more freighters into its air logistics operation as online sales soar.
The deal continues the trend of steamship lines adding logistics capabilities to their portfolios.
The World Shipping Council warns of too much government intrusion while taking heat for sky-high carrier profits.
South Carolina Ports experienced an all-time high for the number of containers handled in November amid higher import volumes.
Qantas and Air Canada are pioneers in swapping older passenger planes from their fleets and turning them into full-time cargo haulers.
Georgia port officials are engaged in what appears to be the largest current expansion of a port in North America.
Container, dry bulk and tanker stocks are down from recent highs. Temporary setback or something more?
