Commentary: Indian shipping industry poised for explosive growth
Overall cargo traffic at India’s ports is currently on pace to reach 1,758 million metric tons (MMT) in 2017, a massive 67 percent increase from 1,052 MMT in 2015.
Overall cargo traffic at India’s ports is currently on pace to reach 1,758 million metric tons (MMT) in 2017, a massive 67 percent increase from 1,052 MMT in 2015.
In a filing with the World Trade Organization (WTO) on Tuesday, China said it would no longer accept solid and plastic waste imports, citing health and environment concerns.
However, the Eden Prairie, Minn.-based third-party logistics provider’s revenues for the quarter surged 12.4 percent year-over-year, driven by volumes growth across all transportation services.
Rehabilitation work on the 7,000-foot-long, 150-foot-wide runway is expected to take place during nightly airport closures and extended weekend closures to minimize the impact on operations, according to the Port Authority of New York and New Jersey.
The international freight forwarding and logistics company recorded a consolidated net profit of 29.9 million Swiss francs (U.S. $31.4 million) for the first six months of 2017, up 37.2 percent from the corresponding 2016 period.
The U.S. Federal Maritime Commission this week proposed to remove several container carriers from its so-called “controlled carrier” list, due to the fact they are no longer majority owned or fully controlled by foreign governments.
The Mondovi, Wis.-based temperature-sensitive truckload carrier recorded a net income of $9.1 million and operating revenues of $171.5 million for the quarter, up 7.2 percent and 3.3 percent year-over-year, respectively.
The new intermodal rail service will feature double-stacked trains and will operate daily between the Port of Wilmington and Charlotte beginning July 28, said NC Ports.
Four men, reportedly from the former Soviet republic of Georgia, were found Thursday in shipping container aboard the OOCL Montreal at the Canadian port, and officials are treating this as a case of illegal entry.
The inland Oklahoma multi-modal shipping complex handled a total of 1,325,816 tons of barge cargo for the month, according to recent data from the City of Tulsa-Rogers County Port Authority.
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Sources tell American Shipper CEO Stephen Edwards could be on his way out the door at Global Container Terminals, and an official announcement from GCT regarding what it has termed “leadership changes” is expected to come by the end of the week.