The containership lessor sold the 3,700-TEU MOL Express for scrap, pocketing $5.94 million in the process, according to a report from maritime consultant Clarksons Research.
The ocean carrier alliance has added an additional week to total transit times on its FAL1 service between Asia, Europe, the Mediterranean and the Middle East, according to ocean carrier schedule and capacity database BlueWater Reporting.
Despite challenges from less iron sand exports and the ongoing challenges the container industry has been experiencing due to ship construction outstripping trade growth, the Ports of Auckland saw net profit after tax drastically increase.
Ocean shipping e-commerce platform INTTRA appoints new chief technology officer, while integrated logistics provider Agility names managing director for Malaysia.
Ninety-five percent of hides produced in the United States are shipped in containers to leather producers, primarily in the Far East, but also other countries around the world.
Charles “Wick” Moorman, who was the former CEO of Class I railroad Norfolk Southern Corp. until June 2015, will head Amtrak effective Sept. 1.
The Association of American Railroads has submitted comments to the Federal Railroad Administration in response to a July 15 public hearing, once again urging the administration to withdraw its proposed mandate for two-person crews on railroads.
The containership charterer said in a filing with the U.S. Securities and Exchange Commission last Thursday that past due accounts receivable from South Korean ocean carrier Hanjin Shipping had grown to approximately $18.6 million.
Price, port coverage and transit times are traditionally the primary determinants in choosing a container carrier or service loop, but with vessels stopping at fewer ports and sailing slower than ever before, it’s fair to wonder if this is still the case.
The $114.3 million deal is expected to be completed around late November.
The Government Accountability Office said U.S. Customs has not been able to collect the duties because it lacks the analytic capability and the system provides loopholes for cheaters.
Truckload pricing dipped another 1.6 percent in July 2016 compared to the same 2015 period, the fifth consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
A new air transport agreement between the United States and Mexico entered force on Sunday, and promises to enhance passenger travel and air cargo opportunities.
The Justice Department said Wenxia “Wency” Man of San Diego was sentenced to 50 months in jail for conspiring to export U.S. military technology to China.
Intermodal pricing in July dropped for 19th straight month compared with the prior year period, according to the latest Cass Intermodal Price Index, and analysts with Avondale Partners expect the trend to continue through the rest of the year.
In addition to typical problems drivers face while transporting cargo, Mexico’s militant teacher’s union known as the National Coordinator of Education Workers has been conducting roadblocks in response to the 2013 education reform.
Container throughput at the Canadian seaport stood at 1.4 million TEUs during the first six months of the year, a 6.5 percent decrease from the record setting throughput seen in the same 2015 period, according to recent data from the port authority.
The Federal Aviation Administration has proposed a $54,000 civil penalty against Gordon Food Service of Wyoming, Mich. for allegedly violating federal hazardous materials regulations.
The three new super post-Panamax cranes arrived Friday aboard the Zhen Hua 14 and are scheduled to enter commercial operation by the end of the year.
The e-commerce giant said it plans to employ 1,500 permanent workers at the Tilbury, Essex warehouse and distribution center once it’s completed next year, in addition to creating 500 new jobs at a facility in Doncaster, South Yorkshire.
