Iron ore shipments along the Great Lakes and St. Lawrence Seaway in July most commonly originated from Two Harbors, Minn., followed by Superior, Wis.; Presque Isle, Mich.; and Port Cartier, Quebec.
The London-based information technology provider partnered with Penta Solutions to expand its system to small and midsized freight forwarders in Pakistan.
However, chassis lessors oppose the West Coast Marine Terminal Operator Agreement members’ plan to implement a $5 fee on chassis that move in and out of container terminals at the ports of Los Angeles and Long Beach, saying it will cost them $29 million.
BNSF and Union Pacific have filed a lawsuit challenging a California law that would create a Regional Railroad Accident Preparedness and Immediate Response Force funded by fees collected by the railroads.
Cargo shipments bounced back in June 2016, increasing 2.7 percent year-over-year, following several months of declines, according to industry analyst World ACD.
Meanwhile, the Korea Herald said HMM is looking for a new CEO with possible candidates including former HMM CEO Noh Jeong-ik and former APL CEO Ron Widdows, while Widdows informed American Shipper the report was just speculation and he is not involved.
Ten empty containers fell overboard the 14,000-TEU MSC Alexandra after its collision with a tanker in the Singapore Straight Wednesday at around 23:55 local time.
The London-based shipping consultant said the focus of the industry is shifting away from greenfield projects to mergers and acquisitions.
The third-party logistics provider’s two reporting segments – transportation and logistics – both experienced year-over-year increases in operating income and gross revenues resulting from various acquisitions throughout 2015.
However, the $113.9 million deal is still subject to approval by the Baltic Exchange shareholders.
The industrial minerals producer will acquire Sandbox, which provides innovative logistics solutions and technology for the transportation of proppant, the sand used for hydraulic fracturing in the oil and gas industry.
The cement company’s terminal in Providence, R.I. will serve the entire New England construction market, including the metropolitan areas of Providence and Boston, as well as the rest of Rhode Island, Massachusetts and Connecticut.
A managed affiliate of the private railroad and transportation management company this week began operating the former Heart of Texas Railroad, which it purchased in May for an undisclosed sum.
Officials at the Port of Virginia said they can expand barge service to help liner carriers streamline port networks, but the Port of Baltimore said it has advantages that appeal to carriers and shippers.
The Fort Worth, Texas-based railway and the Port of Los Angeles are appealing a judgment that halted plans by the railroad to build the Southern California Intermodal Gateway.
The port said the improvements are needed in order for it to handle the current and future generations of ultra-large containerships.
Looking ahead, the Honolulu-based liner carrier said it expects the $197.6 million acquisition of Span Alaska to close early this month.
The Seattle, Wash.-based global logistics provider’s diluted net earnings per share totaled $0.63 per share for the second quarter of 2016, a year-over-year increase of 3 percent, according to the company’s most recent financial statements.
The Floridian port signed a long-term contract renewal with Ports America, the largest terminal operator and stevedore in the United States, to operate its container terminal through 2046.
The logistics provider has begun introducing vertical-specific carve-outs of its visibility and transportation technology suites, with new tracking and dashboard tools for retailers.
