Global air cargo demand rose 9 percent last year, more than double the 3.6 percent annual growth recorded in 2016, according to the latest data from the International Air Transport Association (IATA).
Port of Oakland Executive Director Chris Lytle said all transpacific services currently calling the port hit Los Angeles or Long Beach first, resulting in more imports being discharged at those ports instead of Oakland.
The ocean carrier will launch a new service network between Asia and South America’s West Coast, Mexico, Central America and the Caribbean in April.
The Texas port handled 38.3 million tons of cargo throughout the year, including 2.46 million TEUs, both of which were new records for the port.
Jawaharlal Nehru Port Trust’s (JNPT) fourth terminal commenced operations with last week’s berthing of CMA CGM’s Centaurus.
Despite C.H. Robinson’s full-year net income slipping 1.7 percent from 2016, in the fourth quarter alone, the third-party logistics provider’s net income surged 24.7 percent from 2016’s fourth quarter.
Uffe Ostergaard, who has experience working at United Arab Shipping Co. and Maersk, will officially succeed Wolfgang Freese as Hapag-Lloyd’s North America president on April 1.
The French logisitcs company acquired a majority stake in Danish freight forwarder Global Solutions A/S to further its global end-to-end offering in the Scandinavian markets.
Tiger Cool Express appoints chief commercial officer and executive vice president of operations, FedEx names president of FedEx Express Europe and CEO of TNT, DACHSER promotes COO of air and sea logistics, and Smith Transport selects new president.
At the existing pace of bridge repair and replacement work, it will take 37 years to remedy all the nation’s current structurally deficient bridges, according to a report released by the American Road & Transportation Builders Association.
The online marketplace, which connects shippers with carriers, said it will use the financing it received through Sequoia Capital to help keep qualified drivers from leaving the industry by keeping them active.
Omaha, Neb.-based trucking operator and logistics provider Werner Enterprises saw its fourth quarter and full-year net income spike 547 percent and 156 percent, respectively, thanks in part to a $110.5 million reduction in income tax expenses.
The French conglomerate said its startup incubator, dubbed Ze Box, will house and facilitate the digitalization initiatives already put forth by the company.
Shipment volumes for the month slipped 0.3 percent from November, but were up 7.2 percent compared with December 2016, while expenditures were up 0.3 percent sequentially and 16 percent year-over-year, according to the latest Cass Freight Index Report.
The German ocean carrier has announced that seven, 4,101-TEU containerships will be recycled in an “eco-friendly manner.”
The Geneva, Switzerland-based ocean carrier’s new roll-on/roll-off service between Europe and West Africa will commence Feb. 19 out of Le Havre.
The proposed project would have potentially brought hundreds of thousands of crude oil to the Port of Vancouver USA each day for export to refineries on the U.S. West Coast.
Under the terms of the contract, Kuwait & Gulf Link Transport will procure, import, store and distribute food products from both the United States and local sources to support more than 20,000 U.S. military personnel in Kuwait, Iraq and Jordan.
The mid-Atlantic port on Thursday is scheduled to receive its first six rail-mounted gantry cranes abouard the heavy load carrier Happy Buccaneer as part of a $217 million contract with Konecranes for a total of 86 RMGs.
Faster transit times on the trade will be achieved on Mediterranean Shipping Co.’s revised MedUSEC and MEDGULF loops starting in March, according to the Geneva, Switzerland-based ocean carrier.
