The White House said Tuesday that China has ended tax exemptions that had unfairly benefited the country’s domestic manufacture of certain types of aircraft over equivalent imports.
The illegal narcotics were discovered in a container on board the 4,253-TEU Kota Lukis, which was docked at the Port of Manzanillo, Mexico, Singapore-based Pacific International Lines confirmed in a statement.
The seasonally adjusted For-Hire Truck Tonnage Index equaled 132.7 for the month, down 5.8 percent from August and 0.7 percent compared with September 2015, the first year-over-year decline of 2016, according to American Trucking Associations.
The Icelandic shipping company has acquired 90 percent of the forwarding company Extraco Internationale Expeditie B.V. in the Netherlands.
Maersk Container Industry received a $55 million order to manufacturer 4,000 new reefer containers for Antwerp-based shipping company Seatrade Reefer Chartering.
LEMAN, a Denmark-based third-party logistics services provider that specializes in pharmaceuticals, will open a new branch office in Charlotte, N.C. on Nov. 1.
Volga-Dnepr Group names senior VP of sales and marketing, while Synergy appoints VP of enterprise solutions.
Investments in new projects are slowing, and Neil Davidson, senior analyst in Drewry’s ports and terminals practice, warned that a sudden rebound in demand could be a problem.
An MSC spokesperson told American Shipper the reason it sold its interest in Genoa, Italy-based logistics company Aprile to Savino Del Bene was to exit the freight forwarding business.
The port said revenues for the fiscal year ticked up slightly to a new record, as revenues lost from the Outer Harbor Terminal closing were offset by higher aviation revenues.
The software maker will use C.H. Robinson’s managed transportation subsidiary to handle global logistics, increasing visibility to make changes to fulfillment plans.
The mid-Atlantic port handled 220,000 TEUs of containerized cargo for the month, an increase of 2 percent from September 2015, after a record setting month in August, according to data from the Virginia Port Authority.
Mediterranean Shipping Company said it will offer its transpacific “Maple” service on its own instead of together with Maersk.
Truckload pricing dipped another 3.5 percent for the month compared to September 2015, the seventh consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
The Swiss-based third-party logistics provider posted net profits of CFH 177 million for the third quarter of 2016 and CHF 533 million for the first nine months of the year.
Although the decline was less severe than the previous 20-month average, intermodal pricing in September 2016 dropped for the 21st straight month compared with the prior year period, according to the latest Cass Intermodal Price Index.
Kansas City Southern’s net income fell 9.1 percent to $121 million in the third quarter of 2016 on revenues that slipped 4.3 percent compared to the previous year, according to the company’s most recent financial statements.
The Lowell, Ark.-based intermodal and trucking provider’s revenues for the third quarter of 2016 rose 7 percent year-over-year to $1.69 billion.
The Memphis, Tenn.-based integrator will invest 200 million euros to expand its airfreight logistics center at Paris Charles de Gaulle Airport and has signed a 30-year lease agreement with a total rental value of 1.2 billion euros, the company said today.
CMA CGM’s Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR) has introduced a new short-sea liner service that connects Rotterdam to the United Kingdom and Norway, called the PENN service.
