A massive 7.5 magnitude earthquake rocked southern New Zealand Monday morning, resulting in marine terminal damage among ports in the region.
The Mid-Atlantic port continues to handle much more cargo than a year ago, in part due to cargo diversion from the West Coast.
The mid-Atlantic port handled 238,567 TEUs in October, making it the single-busiest month in the port’s history, while rail and barge volumes also increased from last October.
The Netherlands-based third-party logistics provider posted a third quarter loss of $41 million compared with a $51 million loss the previous year as revenues slipped 1.2 percent to $1.68 billion, according to the company’s most recent financial statements
The all-cargo airline posted a throughput of 57,608 metric tons for the month, bringing the year-to-date total to 498,177 metric tons and breaking its full year freight volume record for the 13th consecutive year.
French-based Synchroteam, which provides cloud-based products for managing mobile workforces such as technicians and inspectors, as well as parts movement and inventory management in Europe, has opened its first U.S. office in Miami Beach.
Although iron ore shipments from U.S. Great Lakes ports rose 5.4 percent in October from a year prior, loadings from Canadian ports tumbled 33.4 percent.
Bulk shipping company Korea Line Corp. has been picked over Hyundai Merchant Marine to acquire Hanjin’s operations between Asia and the United States.
Bulk shipping company Korea Line Corp. has been picked over Hyundai Merchant Marine to acquire Hanjin’s operations between Asia and the United States.
During the first four months of the South Carolina Ports Authority’s fiscal year, which began July 1, 2016, container volumes reached 689,753 TEUs, a 1.7 percent increase from the same period in 2015.
The freight rate marketplace provider unveiled an algorithm-based tool for ocean, air and trucking modes that can be integrated through an application programming interface (API).
The Pittsburg, Kan.-based transportation and terminal services provider’s purchase includes 14 inland waterway facilities, four rail and truck terminals, and two deep water port operations across the southern and midwestern United States.
Descartes Systems Group has acquired 4Solutions, an Australia-based provider of cloud-based business-to-business supply chain solutions, for about $2.7 million
Rates from Shanghai to Northwest Europe fell 4.7 percent since last week, despite several major ocean carriers looking to increase rates on the trade in mid-May.
Since last week alone, the index has fallen 4.1 percent to a reading of 825.10, with rates declining from Shanghai to Northwest Europe, the Mediterranean and the United States.
McDonough, Ga.-based transportation and logistics company Bennett International Group established BOSS Engineered Logistics to provide more neutral third-party logistics solutions.
The Northwest Seaport Alliance has lengthened its extended gates program to support the peak shipping season’s strong agricultural exports.
The German shipowner and breakbulk ship operator said it sees no signs of a recovery in the general economic conditions for the final quarter of the year.
Cindy Sanborn, chief operating officer of the Class I railway, told investors and analysts at the Baird 2016 Industrial Conference in Chicago the company expects an $0.08 impact to fourth quarter earnings per share due to costs from debt refinancing.
The Atlanta, Ga.-based parcel giant will spend $196 million to expand its Jacksonville, Fla. ground package hub to add more than 260,000 square feet to the building and automation.
