The Honolulu-based ocean carrier posted a net income of $232 million for the full year in 2017, an increase of more than 185 percent compared with the previous year, according to Matson’s most recent financial statements.
Sparx Logistics in April will start an ocean and rail service to connect Asia with Houston using the Port of Lazaro Cardenas.
The German third-party logistics provider will expand into non-traditional services for the automotive sector, including the 3D printing of replacement parts and other “additive production” support.
Schiphol Cargo, the cargo operation of Amsterdam Airport, will be merged with the Aviation and Marketing Department, effective April 1.
Miami-Dade Aviation Department (MDAD) appoints new director and chief executive officer, while ECU Worldwide promotes regional sales manager.
A.P. Møller -Maersk CEO Søren Skou said the company is striving to become a “global integrator of container logistics” so that shippers can make arrangements by “just dealing with Maersk.”
Trucking companies are basking a bit in the rate renaissance that began in the fourth quarter of 2017, with Stifel’s conference last week showing it may only be the beginning.
FourKites snagged $35 million in a Series B funding round, including from existing investors, to help the freight visibility and analytics provider expand across modes and geographies.
Matt Motsick, who founded the rate management software company a decade ago, is now fronting the freight forwarding ERP provider Swivel.
The global port and terminal operator said it will continue its organic growth in the next three years and that it is currently engaged in negotiations to acquire ports and container terminals in Europe, Latin America and North America.
The New York Shipping Exchange (NYSHEX) has appointed four new members to its board of directors and launched what it calls the “governing NYSHEX Member Council,” which consists of representatives from shippers and carriers alike.
Following the 2017 purchase of 41 generator sets for reefer containers, Canadian Pacific Railway (CP) has begun offering a new shipping service for perishable products, dubbed “CP TempPro.”
American Shipper’s new GTM Landscape Report has detailed the areas in which shippers need to systematically track and quantify how external trade policy dynamics are affecting their supply chains.
Following reports that thousands of customer identification records were left open to public access, FedEx said those records have now been secured and there is “no indication that any information has been misappropriated.”
A longtime shipping executive at United States Lines (USL) and Norton Lilly, John Griffith II is credited with helping to establish the first containerized shipping services in the transatlantic and transpacific trades.
Deployed capacity from Asia to the Mediterranean has increased over the year, and according to Drewry, there is unlikely to be any let up.
The South Atlantic port handled 338,793 TEUs of containerized cargo for the month, a 2.2 percent increase from the same 2017 period, according to the latest data from the Georgia Ports Authority (GPA).
The Federal Aviation Administration has proposed a $63,750 civil penalty against J&J Tech Group of Miami for allegedly violating federal hazardous materials transportation by stuffing “hundreds” of lithium batteries into luggage.
The Taiwanese ocean carrier will charter 10, 11,000-TEU ships and purchase 10, 2,800-TEU ships to replace outgoing vessels in its current fleet over the course of the next few years.
“Eagle GO. Guaranteed” service, which is designed to protect shippers from having containers “rolled” to the next voyage, is expanding from four to 29 Asian origin ports.
