The takeover will boost Samskip’s terminal, warehousing and haulage services in Norway, but is still subject to approval by Norway’s competition authorities.
The number of newbuild vessel orders placed during the first half of this year is less than half of the amount placed during the same period two years ago, according to recent data from ship valuation service VesselsValue.
Fueled by a 15 percent increase in income from railway operations and a record operating ratio, Class I railway Norfolk Southern’s earnings during the quarter shot up 23 percent to $497 million, according to the company’s most recent financial statements.
Association of American Railroads President and CEO Edward Hamberger called on the Surface Transportation Board to withdraw pending proposals he says are not consistent with the deregulatory goals outlined in the Staggers Rail Act of 1980.
Bremen-based shipping company Harren & Partner reached a deal with “K” Line, Tokyo to acquire SAL Heavy Lift on Thursday.
The air cargo industry is urging Capitol Hill lawmakers to keep up pressure on the Transportation Security Administration to expand its freight screening capabilities through the use of third-party explosive detection canine teams.
The seasonally adjusted For-Hire Truck Tonnage Index stood at a reading of 138.5 in June, down 4.3 percent from the prior month’s reading of 144.7, according to the American Trucking Associations.
The Federal Trade Commission is investigating allegations that the e-commerce giant is using “deceptive discounting” measures in online sales, according to a report from Reuters news service.
The Dubai-based port terminal operator handled 34 million TEUs across its global portfolio of container terminals in the first half of 2017, with gross container volumes growing 8.2 percent year-over-year, according to recent data from the company.
The Amsterdam airport saw the largest increases in Far East and Europe cargo volumes, with June figures coming in at all-time highs.
The all-cargo airline will combine its Constant Climate shipments under its “Critical” product to ensure emergency medical shipments receive highest priority, with trials first taking place in India and Europe.
The port’s total cargo throughput of 1.55 million metric tons, however, was still good enough to make fiscal 2017 the sixth-best year in Redwood City’s history in terms of tonnage, according to port data.
Crowley names vice president of international business and development, ClearMetal appoints vice president of supply chain management, Anacostia Rail Holdings names vice president of its Pacific Harbor Line subsidiary, and Forward Air elects board members.
Early forecasts for ocean shipping are now being revised downward to reflect slower-than-expected volume growth.
Some of the biggest names in technology, including Jeff Bezos, Marc Benioff and Bill Gates, were involved in the latest funding round for Seattle-based freight matching marketplace Convoy.
Since the Clean Air Action Plan draft plan was released July 19, some entities that have a stake in the strategy, including the Pacific Merchant Shipping Association and Teamsters, have announced their opposition to components of the proposed update.
Hyundai Merchant Marine (HMM) has seen a huge jump in volumes in the transpacific trade following the departure of fellow South Korean carrier Hanjin and the most recent carrier alliance shake-ups earlier this year.
Singapore-based ocean carrier Pacific International Lines’ ties to African trades might make it an attractive candidate for buyers interested in gaining a foothold in the emerging market, according to industry analysts.
With Washington focused on health care laws and Republicans aiming for immediate tax reform, Trump’s infrastructure plans may not materialize until much later than anticipated, according to a recent report from The Hill.
Trucking and logistics provider Werner Enterprises’ net income for the second quarter of 2017 shot up 27 percent year-over-year to $23.2 million on the back of improved freight volume metrics, according to the company’s most recent financial statements.
