The Mediterranean seaport saw container volumes and total cargo traffic jump 32.3 percent and 26 percent, respectively, from 2016 levels.
Construction on the 30,000-square-meter container yard began last year, and the next phase, which includes a distribution center, will be completed in June.
UPS chief commercial officer retires; Union Pacific names western regional vice president; and CFI promotes new president, and hires senior vice president of sales and operations.
The LogisticsExchange’s launch last week added weight to other entrants trying to smooth rate volatility in freight markets through forward-looking mechanisms.
The U.S. Army Corps of Engineers approved a project to deepen the port’s channels and harbor to 55 feet and widened to 1,300 feet.
Robert Mottley’s larger-than-life presence, irresistible charm and sense of humor eased both anxious and reserved shipping executives during interviews, and allowed them to discuss their businesses, as well as careers, in a most open and personable way.
The Memphis, Tenn.-based parcel giant’s decision to increase workforce compensation by more than $200 million, effective April 1, was fueled by the recently passed U.S. Tax Cuts and Jobs Act.
Global economic output is estimated to have grown 3.7 percent last year and is projected to accelerate to 3.9 percent in 2018 and 2019, according to the International Monetary Fund’s (IMF) latest quarterly World Economic Outlook (WEO) Update.
United States gross domestic product increased at an annual rate of 2.6 percent in the fourth quarter of 2017, according to the “advance” estimate from the Department of Commerce, down from 3.2 percent the previous quarter.
Kawasaki Kisen Kaisha, Ltd. and Nippon Yusen Kabushiki Kaisha began joint discussions with two other Japanese companies regarding the commercialization of a new venture to supply liquefied natural gas as a marine fuel to ships in Japan’s central region.
The nation’s five major West Coast container ports collectively handled 5.9 percent more inbound TEUs in November 2017 compared to a year prior, according to data released by the Pacific Merchant Shipping Association.
The Dubai-based port terminal operator has joined with India’s National Investment and Infrastructure Fund (NIIF) to increase investments in the country’s ports, terminals, transportation and logistics businesses.
Jacksonville, Fla.-based ocean carrier TOTE Maritime said that a technical review of Piers 1 and 2 in Honolulu Harbor showed that significant improvements and upgrades would be required to accommodate the new operations.
The German ocean carrier’s new loop between the Port of Jeddah and the east coast of Africa set to launch in April will initially deploy four, 1,200-TEU ships.
The French ocean carrier will place the 20,600-TEU Antoine de Saint Exupery on its Asia-North Europe FAL 1 loop on Feb. 6.
The weekly service will operate with two vessels between Florida’s Port of Pensacola and the Port of Coatzacoalcos in Veracruz, Mexico.
The collaboration will see the big box retailer Walmart and Japanese e-commerce marketplace Rakuten team up to launch an online grocery delivery service in Japan, and offer eBooks and audiobooks in the United States.
The U.S. Commerce Department on Friday amended the dumping margin assigned to Baoding Mantong Fine Chemistry Co. Ltd.
The finding from the International Trade Commission (ITC) of no domestic injury from large civil aircraft from Canada will prevent the U.S. government from moving forward with hefty duties on 100- to 150-seat planes.
South Korea will host United States trade officials Jan. 31-Feb. 1 for talks on amendments and modifications to the U.S.-Korea Free Trade Agreement in Seoul.
