ZIM reports $37.6m loss in Q3
The Israeli ocean carrier said its focus on select markets and investment in customer service will improve its position to endure the shipping crisis.
The Israeli ocean carrier said its focus on select markets and investment in customer service will improve its position to endure the shipping crisis.
Hyundai Merchant Marine of South Korea and Geneva, Switzerland-based Mediterranean Shipping Company have submitted an offer to acquire Hanjin’s interests in Total Terminals International.
The United States agricultural industry is expected to reach a trade surplus of $21.5 billion next year, up about 30 percent from the projected $16.6 billion surplus in 2016, according to recent data from the U.S. Department of Agriculture.
The National Transportation Safety Board on Dec. 13 will open the docket for its investigation into the sinking of the TOTE Maritime cargo ship last October to the public, including a detailed transcript of audio from the vessel’s voyage data recorder.
Frank Lonegro, chief financial officer of the Class I railway, told investors and analysts at the Credit Suisse Industrials Conference the company has updated its fourth quarter earnings expectations to “flat to slightly up” from the previous year.
The transportation management system provider had already been using MacroPoint’s load visibility tool via driver cell phone, but has extended its use of MacroPoint’s technology to include EDI messages and ELD data.
Maersk Group’s intra-Americas regional ocean carrier SeaLand released an app that offers freight tracking, sailing schedules, estimated time of arrival data and cargo status updates.
The new container service will operate with five vessels averaging 4,200 TEUs and will connect ports in China, Korea and Southeast Asia with Chennai in East India, according to statements from the carriers.
Erie, Pa.-based Logistics Plus Inc., a transportation, logistics and supply chain solutions provider, has acquired the DoorLogistics door-to-door intermodal solution.
The United Kingdom shipping agent and logistics provider signed an agreement with the southeast UK port for the operation of a purpose-built, 120,000-square-foot steel handling facility, construction of which has already begun.
MOL appoints chief country representatives in Brazil and Mexico, while Bureau International des Containers names new secretary general.
Danish ocean carrier Maersk Line said the acquisition of Hamburg Süd would boost its share of the world container fleet from 15.7 percent to 18.6 percent, and increase its capacity from 3.14 million TEUs to 3.76 million TEUs.
Danish ocean carrier Maersk Line said the acquisition of Hamburg Süd would boost its share of the world container fleet from 15.7 percent to 18.6 percent, and increase its capacity from 3.14 million TEUs to 3.76 million TEUs.
The ship management software provider analyzed six ports throughout the world to better understand what impact the new verified gross mass amendment of the Safety of Life at Sea convention has had on the shipping industry since it took effect July 1.
Positive Train Control has been fully implemented on 12 percent of freight railroad tracks, up from 9 percent in the second quarter of 2016, according to the latest PTC progress report from the Federal Railroad Administration.
Elaine Chao has served as Secretary of Labor under President George W. Bush and Deputy Secretary of Transportation under President George H.W. Bush.
U.S. gross domestic product increased 3.2 percent in the third quarter of 2016, according to the “second” estimate from the Department of Commerce, up from a preliminary estimate of 2.9 percent and a revised increase of 1.4 percent in the second quarter.
The Southern California ports said they are planning to update their Clean Air Action Plan to reduce greenhouse gasses, but the Pacific Merchant Shipping Association has expressed concern about how the plan will impact the competitiveness of the ports.
French ocean carrier CMA CGM said APL has improved its performance in the first three months under the ownership of CMA CGM, despite a challenging market.
The Railroad Emergency Services Preparedness, Operational Needs, and Safety Evaluation Act, which provides training and resources for emergency responders to handle potentially hazardous incidents, will now be sent to the president for final approval.