A.P. Møller – Maersk’s new financial reporting structure, effective from the first quarter, coincides with its strategy to become a global integrator of container logistics with one bottom line.
Global demand for air cargo ticked up 1.7 percent for the month, the slowest pace in 22 months, according to the latest data from the International Air Transport Association.
New office in Tema, Ghana will oversee the German carrier’s operations in West Africa.
The Danish global transport and logistics provider posted profits of 769 million Danish krone (U.S. $123.4 million) for the quarter, a year-over-year increase of 14.9 percent.
Overall average revenue per TEU increased by 8.3 perent compared to the first quarter of last year.
Deringer’s director of customs affairs and compliance vows to focus on protecting the industry.
The $5 million investment will enhance service for Florida importers and exporters
Carriers often mount efforts to extend the defenses and protections they enjoy under the Carriage of Goods by Sea Act to their agents and subcontractors.
The ocean shipping booking platform provider is piloting an automated container freight rate management system as part of a greater effort to drive data digitization and communication across the industry.
Terminal operator reports higher first-quarter container volumes.
Several firms filed substitution drawback for distilled spirits after the new process debuted in ACE, but Treasury has not decided whether such products will qualify.
A mechanism for continuous, supplemental bonding for importers subject to AD/CV duties will go before a committee in June; a Customs Trade Partnership Against Terrorism test likely will wrap up in October.
The tech-focused freight forwarder landed $100 million in funding from Chinese parcel courier SF Express, a move company officials say will accelerate the expansion of its global logistics operations.
David Sullivan, Michael Poole and Mirja Nissen land new jobs
Company expects improvements in core Hawaii and Alaska trade lanes.
The short-line and regional railroad operator is actively evaluating acquisition and investment opportunities after drastically increasing its net income and revenue.
The Great Lakes Seaway Partnership says a shutdown could cause the loss of 11 million jobs.
The partnership aims to replace 10 percent of traditional jet fuel with local, sustainable supply in 10 years.
Industry groups are calling for a Federal Maritime Commission investigation of changes planned by container terminals in Los Angeles and Long Beach.
The 104-year-old waterway is expected to handle 244 transits from liquefied natural gas tankers this fiscal year.
