Under the reorganization plan, most of International Shipholding Corp. (ISH) would be acquired by SEACOR, and ISH also plans to sell a business that includes operations in Southeast Asia to a company affiliated with its current CEO, Erik L. Johnsen.
Several media outlets reported that owners of the Oetker Group, the conglomerate that owns Hamburg Süd, will meet this week to discuss the future of the German ocean carrier.
The European Commission has given clearance to the merger of Hapag-Lloyd and United Arab Shipping Co., which will create the fifth largest container carrier worldwide, subject to certain conditions, the EU competition watchdog said in a statement.
President-elect Donald Trump is working to prevent the heating, air-conditioning and refrigeration solutions provider from moving a domestic factory to Mexico.
Frisco, Texas-based Transplace, a provider of transportation management services and logistics technology, has acquired Oakville, Ontario-based Lakeside Logistics.
Intermodal pricing increased 0.4 percent for the month compared with the same 2015 period, the first year-over-year increase since December 2014, according to the latest Cass Intermodal Price Index.
Truckload pricing dipped another 1.4 percent for the month compared to October 2015, the eighth consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
Various news outlets reported last week the containership owner and lessor Rickmers Maritime had sold the 4,250-TEU vessel India Rickmers for scrap, but the company said in a statement no sale has been concluded.
Ocean carriers Maersk Line, MSC, CMA CGM, Hapag-Lloyd, Hamburg Süd and MOL announced freight rate changes.
Many small shippers entering the online retail fray may not be aware that air cargo-specific hazardous materials transportation regulations even exist, let alone apply to their products.
Hayes Howard, CEO of BlueWater Reporting, has analyzed recent occurrences in the container shipping industry regarding HMM’s bid to join the 2M Alliance, along with Korea Line’s purchase of certain Hanjin assets.
Approximately 250 pilots working for ABX Air went on strike Tuesday morning, refusing to fly scheduled routes, including those for the airline’s major customers, DHL and Amazon.
The Danish shipping line issued a report Tuesday, with support from market analyst DataLiner, that projects Brazilian trade will grow 1 percent in 2017.
The Boulder, Colo.-based supply chain software provider will combine its own visibility technology with MacroPoint’s patented freight tracking software, the companies said in a joint statement.
The Northwest Seaport Alliance, which comprises the ports of Seattle and Tacoma, Wash., handled 304,703 TEUs for the month, a 3.6 percent increase from the same 2015 period, according to figures from the port authority.
U.S. and Chinese officials are meeting in Washington today to address commercial issues that cause friction in trade and investment.
The Philippine government has approved construction of the 500,000-TEU New Cebu International Container Port, with construction scheduled to begin in third quarter 2017, according to multiple media reports.
Scheduled to open in 2019, APM Terminals’ new facility at the Tanger-Med II port complex in Morocco will be the first automated container terminal in Africa, according to the port terminal operator arm of Danish shipping conglomerate A.P. Moller-Maersk.
The seasonally adjusted For-Hire Truck Tonnage Index equaled 131.6 for the month, down 0.3 percent from September and 0.9 percent compared with October 2015, the second year-over-year decline of 2016, according to American Trucking Associations.
In the midst of a major initiative for port modernization, the multi-purpose port started using the Navis N4 terminal operating system to improve customer service by reducing gate turnaround times, and overall vessel and berth productivity.
