According to the Port Authority of New York and New Jersey (PANYNJ), the changes to how it selects contractors for port authority construction projects are part of a continuing effort to assure those projects are completed on time and within budget.
Terminals managed by the South Carolina Ports Authority (SCPA) handled 163,592 TEUs during November 2017, a “moderate” number due to the season, according to SCPA CEO Jim Newsome.
The nation’s transportation and logistics sector added 10,500 jobs in November 2017, according to recent preliminary data from the U.S. Department of Labor.
Truck trailer orders reached 42,600 units in November 2017, an increase of 34 percent over the previous month and 19 percent year-over-year, according to industry analyst FTR.
Under the agreement, Clipper Fleet Management is transferring 28 shore-based employees and about 1,000 seafarers to Dania Ship Management in the coming weeks, according to a joint statement from the companies.
With both Christmas Day and New Year’s Day occurring on Mondays this year, the two three-day weekends leave more opportunity for shipments to be left unattended or parked in unsecured locations for extended periods of time, according to Sensitech.
The Port of Corpus Christi names CEO; Allianz Global Corporate & Specialty appoints North American regional head of specialty lines, and North American regional head of marine; and the U.S. Chamber’s U.S.-Korea Business Council names chairman.
The sudden passing of longtime railway executive and current president and chief executive officer of CSX E. Hunter Harrison leaves questions about the Class I railroad’s transition to Harrison’s precision scheduled railroading model.
Postponement of CV duty investigation into forged steel fittings The petitioners stated that a postponement is necessary due to the difficulty in determining which companies imported steel fittings, and the possibility that the ITA may find it necessary to select additional respondents. ITC issues limited exclusion order in Segway investigations Notice is hereby given that […]
The Canadian port will invest $400 million in a new container handling terminal along the St. Lawrence-Great Lakes Trade Corridor as part of Quebec’s Beauport 2020 investment project.
The Danish ocean carrier will cease calls to the two Chinese ports of Shanghai and Shenzhen on one service each due to severe congestion in the region, a Maersk spokesperson confirmed Friday.
Intermodal industry analyst FTR and load board Truckstop.com have found that despite ongoing wildfires in the Los Angeles area, California outbound van volumes were at a “normal” level for early December.
Since last week, spot rates from Shanghai to the U.S. West Coast jumped 9.7 percent, while spot rates from Shanghai to the U.S. East Coast increased 9 percent, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
The Taiwanese ocean carrier recently received $343 million in debt-turned-investments from Taiwan International Port Corp., which is plans to inject into newbuilds or charters for the Southeast Asia trade lane, according to Splash 24/7.
Hyundai Merchant Marine (HMM) will transport cargoes from South Korea to China, which will then be loaded onto the Trans China Railway by SJ Logistics for transport to Europe, an HMM spokesperson has confirmed.
The project involved three suction hopper dredgers creating 250 hectares of new land to accommodate many terminals and wharves, according to dredging contractor Van Oord.
So far this year, the average composite index of the World Container Index (WCI), assessed by London-based maritime industry consultant Drewry, stands at $1,466 per FEU, $128 lower than the five-year average of $1,595 per FEU.
Acquisitions will remain an important driver of growth for third-party provider St. George Logistics (STG), according to Konrad Salaber, managing director at Wind Point Partners, the private equity firm that acquired STG in July 2016.
The French ocean carrier is “starting a new concept: the commitment to compensate for any kind of unforeseen events,” CMA CGM said in a statement.
Port Corpus Christi in the Texas Gulf continues to make investments in infrastructure, including another 25-acre laydown yard, in an effort to attract wind turbine component manufacturers to its docks.
