COSCO plans to extend growth with OOCL
As separate brands the combined companies will complement each other but provide economies of scale.
As separate brands the combined companies will complement each other but provide economies of scale.
The United States’ deficit in goods and services trade climbed 7.4 percent in June after narrowing to its lowest level in 18 months in May.
The WCI surged 13.5 percent last week, while the SCFI grew 3.1 percent compared with the previous week.
Carriers are “desperate” to increase their fleets to keep up with demand, but supply is limited, according to FTR Transportation Intelligence.
Ocean carriers transported just under 14 million TEUs in June, a 1.3 percent increase from the same month a year ago.
The Class I railway benefited from increased volumes, higher average revenue per car/unit, a tight trucking market and a lower effective income tax rate.
“Canada remains disappointed with the final duty rates announced by the U.S. Department of Commerce,” says foreign affairs minister.
Alliance wants to ground FAA reauthorization bill provision it calls “dangerous” and “reckless.”
The Bureau of Industry and Security ruling aligns with amendment to International Traffic in Arms Regulations.
AAR senior VP says despite the continued strength of the U.S. economy, recent trade policy moves could have a negative impact on freight rail volumes.
Nominations to serve on the new Central California District Export Council are due Aug. 17.
The government insists it has the right to cancel concession contract.
The Bureau of Industry and Security never received a $30,000 payment required by Dec. 15 to keep the denial order suspended.
Measures will take effect at midnight, resulting from President Trump’s withdrawal from the nuclear agreement in May.
Drewry says economic fundamentals are likely to win out over tariffs and trade war fears.
Congestion, delays and bad weather created “a perfect storm” and led to $5.6 million net loss.
The multimodal transportation service provider plans to use proceeds from a potential sale toward new service lines, existing businesses and technology.
Hapag-Lloyd says inland transportation severely delayed because of extreme conditions.
Revenues growth of 17.7 percent attributed to yield improvement, higher shipments and tonnage, and increased fuel surcharge revenues.
The purchase of Panatlantic Logistic builds on two acquisitions in the sector last year.