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.
The daily empty return information on the Maher website will indicate where empties are being received and/or dispatched from throughout the move.
The Johns Creek, Ga.-based less-than-truckload (LTL) operator and logistics provider is planning on opening an additional four to five terminals in the Northeast in 2018.
YRC Worldwide CEO intends to retire; Bahri appoints new CEO; the GAC Group names managing director of GAC North America – Logistics; and the Tanker FFA Brokers Association elects chairman.
The Jacksonville, Fla.-based Class I railroad has appointed Chief Operating Officer James Foote to serve as acting CEO while Hunter Harrison recovers from “unexpected complications from a recent illness,” CSX said in a statement.
A group of 70 World Trade Organization (WTO) member countries, including the United States, will develop an enhanced digital trade framework, which shippers and carriers say will boost a global economy increasingly driven by e-commerce.
The European Union and Japan finalized discussions on the EU-Japan Economic Partnership Agreement last week, with EU Trade Commissioner Cecilia Malmström affirming the two sides remain fully on course to sign the deal next year.
It’s time to take President Donald Trump’s and U.S. Trade Representative Robert Lighthizer’s threats to leave the World Trade Organization seriously.
The International Trade Commission’s (ITC) determination that U.S. softwood lumber producers are harmed by similar products from Canada allows the continued imposition of U.S. antidumping and countervailing duty orders against these imports.
Canada and the United States have piloted pre-clearance of passengers at designated airports, and newly approved Canadian legislation promises to expand this activity to other transport modes and cargo.
