The Miami, Fla.-based ocean carrier will commence a new string between Paita, Peru and the United States Gulf and East Coasts starting Dec. 6, 2016, the company said in a statement.
Cathay Pacific Airways started a twice-weekly scheduled freighter service today to Oregon’s Portland International Airport.
Shipments of limestone on the Great Lakes totaled 3.3 million tons in October, down 3.5 percent from a year prior, according to the Lake Carriers’ Association.
A chartered ship will evacuate 4,300 of an estimated 6,000 containers leased by Hanjin, freeing up chassis for use by other port customers.
The U.S. Court of Appeals for the Seventh Circuit in Chicago has ruled in favor of the Federal Motor Carrier Safety Administration’s proposed regulation that would require the use of electronic logging devices on all commercial trucks.
In addition to eliminating truck permit paperwork, the “Maryland One System” is expected to reduce the overweight hauling permit processing from days or weeks to hours.
The German ocean carrier took delivery of the 10,500-TEU Valparaiso Express from Hyundai Samho Heavy Industries this Wednesday, which will serve trade between the West Coast of South America and Europe.
The Greenwich, Conn.-based third-party logistics provider reported a net income of $13.8 million in the third quarter of 2016 compared with a $93.1 million loss in the same 2015 period, according to the company’s most recent financial statements.
The Intermodal Association of North America reported that total intermodal loadings fell 4.6 in the third quarter of 2016 compared to the same period in 2015.
The transportation management system provider entered into a partnership with Inolog to begin serving the United Kingdom, Ireland and other regions in Europe.
The Association of American Railroads said 1.07 million carloads were handled in October, down 5.1 percent year-over-year.
Revenues for the third quarter of 2016 rose 7 percent year-over-year, which Roadrunner CEO Mark DiBlasi said was largely related to the company’s ground expedite business.
The Icelandic ocean carrier has entered into an agreement to purchase asset-light transportation and logistics provider Nor Lines in an effort to broaden its value-added service offerings, the company said in a statement.
Athens, Greece-based containership lessor Diana Containerships has sold the M/V Angeles, formerly on charter to Taiwanese ocean carrier Yang Ming, to an unnamed demolition yard for $6.69 million before commissions, the company said.
Although the Malaysian ship owner reported lower profits and revenues for the third quarter of 2016 compared to a year prior, the company did have some notable accomplishments during the quarter.
AirBridgeCargo Airlines has launched a twice-weekly Boeing 747 freighter service that links the London Heathrow Airport to Moscow.
ContainerPort Group appoints new CFO, while Milestone Chassis names manager for West Coast region sales.
COSCO, CMA CGM, Evergreen Line and Orient Overseas Container Line plan to deploy 350 containerships on 41 strings starting next April.
The recent announcement on Japan’s three major ocean carriers – MOL, NYK Line and “K” Line – merging container operations has left the industry wondering if more consolidation is to come.
Representatives from the Pacific Maritime Association and the International Longshore and Warehouse Union met Tuesday and discussed a possible extension of their current contract, which runs through June 30, 2019.
