The U.S. House of Representatives approved the $1.1 trillion bipartisan 2017 spending bill Wednesday by a 309-118 vote, and the U.S. Senate approved the bill Thursday by a 79-18 vote.
The Hong Kong-based third party logistics provider has continued its European expansion by signing and agreement to purchase a majority stake in Tuvia Italia S.p.A. from Italian holding company Tuvia Group.
Deteriorating ocean carrier profitability, port slowdowns, bankruptcies and a reshaping of the major alliances all contribute to the volatility of the container shipping market, according to Maritime Director Michel Looten of Seabury Group.
The global terminal operator posted net earnings of $42.2 million for the first quarter of 2017 as revenues from port operations jumped 12 percent to $297.2 million compared with the same 2016 period.
Longtime freight transportation and logistics industry executive Tom Nightingale has taken over two 35-year-old Boston-area firms to form a new company, International Package Shipping.
The new online customs compliance system, developed by Cargonaut and tested by KLM Cargo, was designed to improve inbound and outbound air cargo flows and trucking customs compliance at the Netherlands airport.
The two airfreight carriers will cooperate on aircraft capacity, block space and interline hub connectivity and cargo handling, according to Emirates SkyCargo.
The Greenwich, Conn.-based transportation and logistics solutions provider completed the project without any disruption to service or customers, Tony Brooks, president of the LTL business for XPO Logistics told American Shipper.
S.C. Governor Henry McMaster vetoed a bill strongly supported by both side of the state legislature to increase the state’s current 16.75-cent gas tax by 12 cents over the next six years.
WTO’s trade facilitation deal has sweeping potential but needs public and private buy-in
Ocean carriers Crowley Maritime and TOTE Maritime Puerto Rico have both invested heavily in services to the financially troubled commonweath and will be watching closely as it endeavors to restructure $123 billion in public debt and pension obligations.
Ali Maserrat, founder of an Uber-style courier called Peykyab, is disrupting the traditional parcel carrier model in Iran’s capital city of Tehran, and is now looking to spread his operation throughout the country.
The Southern California port handled 558,014 TEUs for the month, benefitting from the return of a Hyundai Merchant Marine service and the launch of new South Korean container carrier SM Lines’ transpacific offering.
North America’s largest provider of outsourced container freight station services has acquired Dicom Transportation Group’s Extra Express division for an undisclosed amount, according to a statement from majority owner Wind Point Partners.
The South Carolina Ports Authority will also welcome the largest vessel to ever transit the Panama Canal, the 13,092-TEU COSCO Development, when it calls at the Port of Charleston next week.
International Airlines Group subsidiary IAG Cargo saw revenues slip 2.3 percent year-over-year to 256 million euros (U.S. $278.7 million) in the first quarter of 2017, despite growing cargo volumes 3.6 percent compared with the same 2016 period.
The private equity group, which last year invested in TMS provider Transporeon, has sunk an undisclosed sum into the supply chain design software company.
Ukrainian heavy-lift air carrier Antonov Airlines is preparing its aircraft fleet and expanding cargo sales for future operations in the United States and Hong Kong, the company said.
The Omaha, Neb. transportation and logistics services provider will integrate MacroPoint’s visibility platform into its greater North American logistics solutions offerings.
The Berkshire Hathaway-owned Class I railway increased net revenues 8.8 percent year-over-year during the quarter, reflecting higher volumes and average revenue per car/unit.
