The Southern California port attributed its 7.7 percent year-over-year drop in container volumes in July to high inventory levels and a slow start to the peak season.
Non-asset based logistics company KFS, Inc., which has been in business for over twenty-five years, has been acquired by Business Intelligence Group.
The ship broking and shipping services group saw profits in the first six months of the year more than double to 13 million British pounds compared with the same 2015 period, according to the company’s most recent unaudited financial statements.
The aircraft manufacturer is considering the launch of a passenger-to-freighter conversion program for its Avro RJ jetliner and is seeking customer feedback in an effort to assess market potential, the company said in a statement.
Hamburg Hafen und Logistik AG’s Container Terminal Burchardkai received three new container gantry cranes Sunday, and once they go into operation, the terminal will be able to handle ships with a capacity of 20,000 TEUs and more at two berths.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, MOL and Emirates issued rate increases, while members of the Caribbean Shipowners Association issued a peak season surcharge.
Mumbai-based Allcargo Logistics now operates the largest number of offices of any less-than-containerload consolidator in the world, with 300 offices across 160 countries.
Meanwhile, the A.P. Møller – Maersk conglomerate, which includes both Maersk Line and APM Terminals, reported second quarter profits of $118 million, 89 percent below the $1.09 billion in the second quarter of 2015.
Industrial conglomerate Honeywell is reportedly in talks to purchase JDA Software, one of the largest developers of transportation management system and warehouse management system platforms.
The South Florida port and the Florida East Coast Railway educated business groups in Washington, D.C. Wednesday about South Florida’s potential as an export gateway.
The freight broker and third-party logistics provider spent a year developing the app, called Navisphere Carrier, replacing the company’s previous CHRWTrucks version.
Delegates from the International Longshore and Warehouse Union voted Thursday to have the union enter into discussions with representatives of the Pacific Maritime Association to discuss a contract extension.
Import cargo volumes at the Southern California port grew 5 percent in July 2016 compared with the same 2015 period, but overall cargo volumes slipped 1.6 percent year-over-year due to an almost 12 percent drop in empty container shipments.
However, over the past year, the prices for U.S. agricultural exports have slipped 2.6 percent, primarily due to the falling prices of nuts, wheat and corn.
The Brazilian aircraft manufacturer did not provide any additional details in terms of the number of positions or cost reduction targets, but the union representing Embraer’s workers said the company is looking to save $200 million with the program.
The Association of American Railroads has petitioned the U.S. Court of Appeals for the District of Columbia Circuit to review a recent Surface Transportation Board final rule that defines on-time performance for railroads.
The Class I railway’s Site Select program identifies development-ready properties along the CSX network where zoning requirements and due diligence have already been taken care of in order to help manufacturers speed the occupation process.
The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index fell 6.8 percent since last week’s reading of 680.53 to a reading of 634.54.
The Japanese ocean carrier has restructured its existing U.S. East Coast to West Coast South America loop, bypassing the Panama Canal in favor of a routing through the Strait of Magellan at the southern tip of South America.
Year-to-date volumes on the St. Lawrence Seaway have been hindered by the lack of iron ore and coal, but international traffic continues to be well above the five-year average, Saint Lawrence Seaway Development Corporation Administrator Betty Sutton said.
