ACI: Airfreight volumes soar in February
Airports Council International attributed February’s 7.8 percent year-over-year increase in airfreight volumes to Chinese New Year.
Airports Council International attributed February’s 7.8 percent year-over-year increase in airfreight volumes to Chinese New Year.
Federal Maritime Commissioner Mario Cordero, who will leave the agency in May to become Port of Long Beach Executive Director, said in addition to its regulatory role, the FMC has become a trade facilitator, fostering the movement of waterborne transport.
The seasonally adjusted For-Hire Truck Tonnage Index fell 1 percent compared with the previous month to a reading of 137.5, following a revised 0.1 percent decline in February, according to the American Trucking Associations.
Proceeds of the offering are expected to be used to fund the acquisition costs of additional dry bulk vessels and general corporate purposes.
Hong Kong-based airline Cathay Pacific and its wholly-owned subsidiary, Cathay Dragon, handled 181,189 metric tons of cargo in March, a 15.4 percent year-over-year increase.
The operating system will digitize Khalifa Bin Salman Port’s maritime services via cargo booking, documentation and vessel movement notifications, TradeArabia reported.
The German technology conglomerate unveiled its plans to set up shop at the site of the Expo 2020 Dubai and will provide all levels of logistical services.
U.S. Senate Minority Leader Charles Schumer, D-N.Y., called on the departments of Transportation and Energy to finish and quickly implement rules mandating that crude oil be made less volatile before being shipped across the country by rail.
United States’ positive track record on FTAs should factor in to current debate, argues former Caterpillar exec
WTO forecasts increased trade in 2017, but warns upward trajectory could nosedive if countries turn to import restrictions
Container freight rates in the eastbound transatlantic trade jumped 33 percent from last week, while China-U.S. West Coast prices grew 11 percent, according to the latest data from the Freightos International Freight Index.
Daewoo Shipbuilding & Marine Engineering bondholders have approved a debt-for-equity swap as a condition of a 2.9 trillion won funding package from the Korea Development Bank and Export-Import Bank of Korea.
Supply chain solutions provider JDA established a new TMS integration with MacroPoint, and extended its existing TransVoyant partnership to forecasting, replenishment and manufacturing.
The Omaha, Neb.-based Class I railroad’s investment plans stemmed from its $3.1 billion capital plan for 2017, which was approved early in February.
Memphis, Tenn.-based integrator FedEx leapfrogged arch-rival UPS to become the largest cargo carrier by freight revenues in 2016, according to the Transport Topics Top 50 Largest Global Freight Carriers list.
The United States exported 827,559 net tons of steel in February, a 1.1 percent increase from January and a 6.2 percent jump from February 2016.
Alaska Airlines subsidiary Horizon Air and the International Brotherhood of Teamsters have reached a tentative agreement to amend their existing eight-year contract covering the company’s 620 pilots.
Liner and breakbulk carrier NileDutch will use ClearMetal’s machine-learning approach to fleet and container utilization improvement.
DHL Supply Chain will acquire Polar Transportes, which provides transportation services to the Life Sciences and Healthcare industry in Brazil.
The Belgian port experienced the best month on record for containers in March.