U.S.-flag vessels shipped 9.5 million tons of cargo in the Great Lakes during October, according to data from the Lake Carriers’ Association (LCA).
The Nov. 10 AS Daily article, “HMM posts loss in Q3 2017,” reported that Hyundai Merchant Marine (HMM) had a net loss of KRW 968.7 billion for the third quarter of 2017, but that figure was HMM’s net loss for the first nine months of 2017. HMM’s net loss for the third quarter of […]
Industry veteran Bill Rooney, vice president of strategic development at Kuehne + Nagel, and others tell New England trade leaders that alliances broaden carrier networks and are a symptom, not the cause, of the recent downturn in container shipping.
Affirmative final determination on imports of hardwood plywood from China The Commerce Department determined that exporters from China sold hardwood plywood products in the United States at 183.36 percent less than fair value. Safeguard measures on solar products Additional detail on a process to allow interested parties to submit views and evidence on the appropriateness of […]
After being left without any container service since May 2016, the Port of Portland will begin receiving container cargo again in January when Swire Shipping begins calling the port’s Terminal 6.
The ocean freight technology provider’s new product is geared toward letting forwarders better manage data related to customer booking forecasts and carrier contract commitments.
Third-party logistics provider CEVA Holdings narrowed its loss to $22 million from a loss of $41 million for the third quarter of 2016 thanks to a sharp boost in operating income coupled with the positive impact of unrealized foreign exchange gain.
Nils Smedegaard Andersen, who served as group chief executive officer of A.P. Moller – Maersk A/S from December 2007 until July 1, 2016, was named chairman of European regional carrier Unifeeder’s board of directors.
If current infrastructure is not upgraded to accommodate vessels in excess of 10,000 TEUs, the Port of Melbourne could be overtaken by other Australian ports or carriers could deploy fewer services to the country as a whole, according to industry experts.
U.S. owners have spent $624 million on 52 distressed vessels so far in 2017 via auction or at bank sales, according to commercial ship valuation service VesselsValue.
September 2017 marked the twelfth consecutive month of rising intermodal rates as hurricanes Harvey and Irma contributed to a 12-14 percent increase in diesel prices, according to data from the latest Cass Intermodal Freight Index report.
The Hong Kong-based air carrier will acquire the remaining shares in its cargo airline subsidiary in a deal that will see Cathay Pacific sell eight freighters to the minority stake holder, DHL International, and then lease them back.
The overall safety belt usage rate for drivers of all medium- and heavy-duty trucks and buses rose from 84 percent in 2013 to 86 percent in 2016, according to a report from the Federal Motor Carrier Safety Administration (FMCSA).
September’s truckload rates grew 4.2 percent year-over-year, setting a new all-time high for the index, according to the latest Cass Truckload Linehaul Index report.
A total of 5.9 million tons of iron ore were shipped on the Great Lakes during the month of October, which bettered the month’s 5-year average by 6.8 percent, according to data from the Lake Carriers’ Association (LCA).
Construction on the 63,000-square-meter freight hub in north central Germany is expected to break ground at the beginning of 2018.
FMC reviews 21 OTI license applications
The U.S. Federal Maritime Commission has received 21 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 21 ocean transportation intermediary license applications and changes for review.
Individuals knowing of a reason why an applicant should not receive a license should contact the Office of Transportation Intermediaries.
