Spot container rates from Shanghai to Europe have been continuously declining since the end of August, while on the Shanghai to Mediterranean trade, they have been falling since the end of July.
Empty containers drove up overall volumes last month at the Southern California port due to trade policy changes impacting waste paper exports to China, according to the Port of Los Angeles.
Thanks to its forward contract model, the digital booking platform offers shippers and carriers an extraordinarily high fulfillment rate over the traditional spot rate market, CEO Gordon Downes told CNBC Tuesday.
The parent company of Virgin Atlantic Cargo has rebranded the futuristic technology known as Hyperloop One into Virgin Hyperloop One and is planning for a fully-functioning cargo and passenger transport system by 2021.
Carriers are expected to attempt rate hikes for the second half of October, which should result in an upward rate movement next week, according to London-based maritime consultant Drewry.
UPS is enhancing services in 20 cities across China to provide greater, faster service coverage for Chinese exports, the parcel carrier announced Tuesday.
The cargo from the vessel Maersk Enshi will be taken up by the Maersk Guthorm after a supposed collision occurred south of Shanghai, according to a Maersk Line advisory.
The vessel changing hands is the M/V Melite, a 76,436-deadweight-ton Panamax dry bulk carrier than ran aground in Indonesia this past summer.
The pilot, who died after falling between a cargo vessel and pilot boat last October, had a blood alcohol level of 0.12 percent, well above the United Kingdom’s .08 percent blood alcohol driving limit, according to the Marine Accident Investigation Branch.
The first Boeing 777 freighter of Qatar Airways Cargo’s newest U.S. destination landed in Pittsburgh International Airport on Thursday and promises twice-weekly service with 200 tons of weekly capacity.
The chassis leasing company extended its Inland Premium Pool, a reservation-based supply of premium DCLI chassis equipment that was first launched in Los Angeles/Long Beach, to the south side of Chicago.
FIATA announces election results; Saltchuck selects Young Brothers president to lead its Hawaii business initiatives; and the Transportation Institute at the University of Denver’s board of directors elects new chair.
E. Hunter Harrison, president and chief executive officer at CSX, said during a hearing Wednesday that the Class I railroad has improved performance, but various shippers at the hearing expressed ongoing disappointment with the railway’s service.
Preliminary determination: large civil aircraft from Canada The ITA preliminarily determines that 100- to 150-seat large civil aircraft from Canada is being, or is likely to be, sold in the United States at less than fair value. FTZ subzone approval: Port of South Louisiana The Port of South Louisiana has had been approved by the […]
The two entities sent a joint letter reaffirming their allegiance to the World Trade Organization (WTO) and expressing a desire to minimize trade disruptions despite the United Kingdom’s impending withdrawal from the European Union.
President Donald Trump spoke to a group of truck drivers and carriers on Wednesday in Middletown, Pa. about the benefits of his tax reform plan, which is backed by strong support from trade group the American Trucking Associations (ATA).
The U.S. Postal Service (USPS) Inspector General’s office says it anticipates that autonomous vehicle technology will add only $7,000 to $10,000 to the purchase price of a postal truck by 2025.
The 701,619 TEUs processed at Long Beach port terminals last month was a 28.3 percent improvement from the same month a year ago, according to recent data from the Southern California port.
The French ocean carrier will partner with three organizations to create a startup incubator in Marseilles, as announced by CEO Rodolphe Saadé at the Marseilles trade fair.
The two airfreight carriers have agreed, as part of their larger operational partnership, to procure cargo capacity on each others’ flights, but with their own airway bills and flight numbers.
