After several months in delays, Peel Ports’ £400 million (U.S. $494.9 million) Liverpool2 container terminal officially opened for business last week, according to a statement from the port terminal operator.
The U.S. Department of Transportation has tentatively selected American Airlines to operate a new daily nonstop service between Los Angeles and Beijing.
The airfreight and express wholesaler has acquired the 500-square-meter warehouse adjacent to its current facility at Cape Town International Airport, effectively doubling the size of its facility and tripling its temperature-controlled storage capacity.
AirBridgeCargo Airlines will commence a twice-weekly Boeing 747 freighter route Nov. 15 from Oslo to support Norway’s thriving seafood export market and the country’s oil and gas industry, the company said in a statement.
Hill Dickinson appoints first ever COO, while Absolute Worldwide Logistics hires managers for new Waycross, Ga. office.
Members of the planned ocean carrier alliance – Hapag-Lloyd, Yang Ming, NYK, MOL and “K” Line – said they plan to offer 31 services, utilizing 240 vessels to call over 75 ports.
Danish third-party logistics provider DSV said it can grow market share by cross-selling brokerage and asset-based services previously provided under the UTi brand.
The U.S. Commerce Department reported Friday the nation’s trade deficit in September fell 9.9 from a month prior amid stronger exports.
Based on trends from the last two years, growth in containership capacity will continue to outpace demand in the next few years despite record ship scrapping so far in 2016, according to a recent report from the Boston Consulting Group.
Transportation and logistics companies added 7,500 positions last month, following a revised 3,100-job loss in September, according to recent preliminary data from the U.S. Department of Labor.
BIMCO’s chief shipping analyst Peter Sand says “the tools to turn the container shipping industry around are being used and are working.”
Port says a softer U.S. dollar and big agricultural harvests resulted in a 20 percent increase in container exports in October.
The Israeli container carrier told American Shipper Friday it is rejecting the rumor that it has intentions to sell its global shipping operations to instead become a regional Mediterranean carrier.
The U.S. Department of Transportation released more than $90 million among Federal Aviation Administration grants to six airports to make improvements to runways, taxiways and aprons.
On a bright note, the port authority said it will be using a $1.6 million grant awarded by the U.S. Maritime Administration to improve the barge program that transports containers between Red Hook in Brooklyn and Port Newark.
Net orders for North American Class 8 trucks totaled 13,800 units in October 2016 as a “significant cleanup of long-term, excess, orders by one OEM” weighed on ordering activity, according to freight transportation analyst FTR.
The Atlanta, Ga.-based parcel giant has entered into an agreement to acquire Marken, a global provider of supply chain services to the life sciences industry.
The international financial institution said the financing will be used to support Indonesia in addressing issues with the nation’s supply chain, such as long dwelling times at ports and lengthy trade clearance procedures.
Two Pakistani nationals were sentenced by a U.S. District Court after pleading guilty to charges of operating Internet sites to illegally sell and ship pharmaceuticals from Pakistan and the United Kingdom to the United States.
Two former aides to New Jersey Gov. Chris Christie could face 20 years in prison over their role in “Bridgegate,” which involved tying up traffic on the George Washington Bridge and in the nearby town of Fort Lee to seek revenge against the town’s mayor.
