For $3 billion, ocean line expands fleet by 250,000 TEUs
A bullish Evergreen Marine has finalized an order for 11 ultra-large container ships worth $3 billion with two Asia builders.
A bullish Evergreen Marine has finalized an order for 11 ultra-large container ships worth $3 billion with two Asia builders.
CMA CGM and the Ocean Alliance have added a direct container service from China and Asia markets to the Port of Jacksonville.
The U.S. Army Corps of Engineers has allocated a record $131.8 million to the San Pedro Bay port complex, including $70 million for the Port of Los Angeles, to fund harbor maintenance, safety, and other projects.
FedEx and its pilots have reached a tentative agreement on a new labor contract, but it took five long years to get there.
Ocean container operations are stable across a global market outside the Middle East amid sharply higher fuel costs and uncertain availability.
The first-ever Boeing 777-200 converted freighters could be flying with cargo airlines later this year after U.S. authorities gave approval to Mammoth Freighters to reengineer the aircraft.
A plan to charge ships a toll to cross the Strait of Hormuz could further increase fuel prices; container ships trapped in the Persian Gulf have yet to move after the U.S.-Iran ceasefire.
President Trump wants to increase federal spending for shipbuilding by 242%, to $65.8 billion, for battleships, submarines and other military vessels, according to documents released by the White House on Tuesday.
Qantas has increased cargo connectivity between Sydney, Australia and Asia with a new freighter service to Singapore.
The chief executive of the Port of Montreal has departed after just two years on the job, amid soaring cost estimates for a major new container terminal project.
DHL investments to create a unified parcel network between Deutsche Post and DHL Express have paid dividends during the Easter holiday shipping season.
Disruption in the Strait of Hormuz forced tens of thousands of vessel route diversions in the first month of the Iran war, indicating a significant and sustained shift in global shipping, according to visibility platform project44.
The Federal Maritime Commission for the second time declined to waive the 30-day waiting period to implement an emergency fuel surcharge Maersk says it urgently needs to recoup rising operating costs.
A key on-dock rail hub at the busiest U.S. port has effectively doubled the terminal’s capacity.
A 5,500-TEU container ship operated by CMA CGM of France marked the first transit by a major ocean line through the Iran-controlled Strait of Hormuz.
U.S. Secretary of State Marco Rubio accused China of ‘bullying’ by detaining dozens of Panama-flagged ships at its ports.
Global repercussions of the Iran war are being felt throughout the supply chain, says an analyst, on sharp increases in ocean container rates.
21 Air has ambitious plans to enter the cargo airline big leagues upsizing to Boeing 777 freighter aircraft to capture international business as it undergoes a leadership and investor transition.
The Federal Aviation Administration has slapped civil penalties on three companies, including Verizon, for endangering airlines by violating hazardous material shipping regulations.
Canada Post is moving ahead with a modernization plan aimed at reducing excess capacity and cutting costs in an effort to restore its financial health.