The seasonally adjusted For-Hire Truck Tonnage Index jumped 8.2 percent to a reading of 142.4 compared with the previous month, following a revised 0.3 percent drop in October, according to the American Trucking Associations.
The Hong Kong-based third-party logistics provider has agreed to purchase the freight forwarding business of customs broker and forwarder Bofill & Arnan, the company said in a statement.
The global terminal operator signed a memorandum of understanding with the Ukrainian Government for the development of Chornomorsk Port.
Crane Worldwide Logistics hires regional sales manager for its U.S. West region, while Overseas Shipholding Group names new president and CEO and Wilhelmsen Ships Service appoints general manager for Wilhelmsen Huayang Ships Services China.
While a host of technology startups have adopted Uber-like models to tackle automated freight matching in the trucking industry, in the last two months, Uber themselves and Amazon have jumped in the fray.
The U.S. Surface Transportation Board has approved a petition from Genesee & Wyoming Inc. to acquire the Providence & Worcester Railroad Co., subject to certain conditions, according to a filing from the agency.
Billionaire Carl Icahn’s investment firm has agreed to sell the rail equipment manufacturer to a Chicago-based subsidiary of Japan’s Sumitomo Mitsui Financial Group in a deal that could be worth up to $3.36 billion, the company said in a statement.
The South Korean liner carrier, which reported a profit of 297 billion South Korean won on revenues of 1.078 trillion won for the third quarter of 2016, is reportedly planning to buy five containerships and three or five oil tankers.
Analysts have speculated ZIM could be the next firm swept up in the wave of consolidation in the ocean shipping industry, but the Israeli carrier has outright rejected the idea it is looking to sell its global operations.
The ExpressRail Port Jersey facility will be located adjacent to the recently expanded GCT Bayonne container terminal and is scheduled for completion in mid-2018.
The independent containership owner and manager agreed to pay $5.2 million for each of the four 4,275-TEU containerships.
The Group of 20 and other steel producing countries established the Global Forum on Steel Excess Capacity in an effort to share information and “take effective steps to deal with the root causes of excess capacity,” U.S. Commerce Secretary Pritzker said.
Containership owner and lessor Rickmers Maritime last month denied having sold the seven-year-old boxship India Rickmers for scrap, but has since admitted to selling the vessel in relation to a settlement of senior loan facilities.
The United States initiated a trade enforcement challenge in the WTO concerning China’s tariff-rate quotas for rice, wheat and corn, which it alleges breach the country’s WTO commitments and undermine American farm exports.
The Commerce Department has initiated antidumping and countervailing duty investigations of certain softwood lumber products imported into the United States from Canada.
The Port of Tacoma Commission names new president, while Tulsa Port of Catoosa promotes director and Air France-KLM Cargo appoints executive vice president.
Five large terminal companies and the Port of Rotterdam Authority filed the “Global Ports Group Agreement” with the Federal Maritime Commission to promote the efficiency and effectiveness of the container port industry.
Five large terminal companies and the Port of Rotterdam Authority filed the “Global Ports Group Agreement” with the Federal Maritime Commission to promote the efficiency and effectiveness of the container port industry.
A federal district court in Utah has ordered C.R. England to pay 6,336 drivers a total of $2.35 million in back pay and fees associated with the company’s driver training program, according to a report from the Commercial Carrier Journal.
Danish ocean carrier Maersk Line said the vessels are deployed on the TP10 and TP18 services and represent about 1 percent of the carrier’s overall fleet.
