The London-based shipping research and consulting firm is predicting imports from Asia to East Coast of North America ports will outpace those shipped to West Coast of North America ports in 2017.
Transportation and logistics employment showed continued growth in March 2017 following a revised gain of 8,100 positions in February, according to recent preliminary data from the U.S. Department of Labor.
Bipartisan legislation was reintroduced last week to address deficiencies in the Transportation Security Administration’s (TSA) efforts to protect rail, transit, highway, and maritime passenger and freight transportation.
The Port of Oakland saw import cargo volumes rise 19 percent year-over-year in March.
Since last week, the Shanghai Containerized Freight Index fell on trades from Shanghai to Europe, the Mediterranean and the United States.
The 13,500-TEU Umm Salal ran aground Thursday afternoon while en-route to Khor Fakkan, Splash 24/7 reported.
The Kempten, Germany-based global logistics provider’s revenues for fiscal year 2016 totaled 5.71 billion euros, a 1.7 percent year-over-year increase.
The renewal will extend the life of the venture for another 15 years, and will expand the business scope to non-automotive contract logistics in China and Hong Kong, the companies said.
House Reps. Mike Kelly, R-Pa., and Peter DeFazio, D-Ore., have introduced bipartisan legislation that would increase investments in harbor and port projects by 29 percent from current funding levels without raising user fees or taxes.
A Hapag-Lloyd spokesperson told American Shipper space is tight on the Europe to Asia trade right now from an uptick in volumes, which is abnormal for this time of year.
Furie Operating Alaska has agreed to pay $10 million for transporting an oil rig from the Gulf of Mexico to Alaska on a foreign-flag ship.
Federal Maritime Commission Acting Chairman Michael Khouri said he is committed to eliminating rules that are outdated or impede the efficient operation of business.
A coalition of rural agricultural and aviation industry associations are warning Congress that the removal of air traffic control duties from the FAA could bias funding and regulatory decisions in favor of large commercial operators.
Experts have attributed the surge in icebergs to unusually strong counter-clockwise winds that are drawing the icebergs south, and possibly from global warming, the Associated Press said.
Total cross-border trade between the United States, Mexico and Canada jumped 6.7 percent in January 2017, the third straight month of year-over-year increases, according to the Department of Transportation’s Bureau of Transportation Statistics.
Two alliance services and one COSCO Shipping service will call the terminal this month, leading to the purchase of three new container cranes from German manufacturing company Liebherr.
Meanwhile, the Lake Oswego, Ore.-based transportation equipment manufacturer recorded a 38 percent year-over-year boost in revenues for the quarter ending Feb. 28, 2017, fueled by higher wheel volumes and externally sourced railcar syndications.
State-owned Alaska Railroad Corp. saw cargo revenues drop 16 percent to $69.6 million for the full year in 2016 as volumes of petroleum products and coal tumbled from the previous year, according to the company’s most recent financial statements.
The U.S. Pacific coast port handled over 7 million metric tons last year, an eight percent increase from 2015.
Combined United States carload and intermodal cargo volumes increased for the fifth consecutive month in March 2017 following several months of year-over-year declines, according to data from the Association of American Railroads (AAR).
