In addition to launching a project to partially automate its container terminal, which will drastically increase the terminal’s handling capacity, the Ports of Auckland formed an alliance with Napier Port.
The third-party logistics provider is opening new facilities in Germany, Austria and France.
Turkish port operator Yilport Holding secured a 50-year concession to develop Puerto Bolívar Port and committed to invest $750 million in the Ecuadorian port.
The International Air Transport Association said U.S. Customs will use its XML messaging standard for export air shipments.
Transportation and logistics companies added 11,700 positions last month, following a revised decrease of 6,700 jobs in June and a 4,500-job gain in May, according to recent preliminary data from the U.S. Department of Labor.
The nation’s largest brick and mortar retailer said the deal positions it for expanded e-commerce growth.
Korea’s Financial Supervisory Service said Sunday it is pushing 32 companies to restructure debts through voluntary workouts or court receivership programs.
The U.S. trade deficit in June, which was the largest in 10 months, reached $44.5 billion as import volumes rose.
Investment fund Pershing Square Capital Management, run by billionaire activist investor Bill Ackman, will sell its 9.8 million shares in Canadian Pacific Railway Ltd., the two companies said in separate statements.
The Californian port said empty container volumes rose in July as shipping lines repositioned boxes to prepare for an anticipated uptick in peak-season cargo.
Combined United States carload and intermodal cargo volumes fell 7.9 percent for the month compared with July 2015 and 7.4 percent for the first seven months of 2016, according to data from the Association of American Railroads.
Under the agreement, the Chinese Export-Import Bank will provide financial support, consultation, overseas investments and equity acquisition to the newly merged shipping conglomerate to help the company optimize its fleets, among other things.
The Transported Asset Protection Association said truck heists are the leading cause of the recent surge in reported cargo crimes in Europe, the Middle East and Asia.
A one-time newspaper reporter, Helen Delich Bentley, was a strong advocate for the maritime industry, particularly the Port of Baltimore.
Under the new partnership, the state’s first inland terminal will handle up to 30,000 TEUs annually for Kia Motor Manufacturing Georgia to supply the automobile manufacturer’s plant in West Point, according to a statement from Georgia Gov. Nathan Deal.
However, Agility’s Q2 revenues slipped 6 percent year-over-year to 309 million Kuwaiti Dinars, as its Global Integrated Logistics business posted a 10 percent year-over-year drop in revenues from lower shipping and fuel rates in the market.
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd announced rate increases on several trades.
C.C. Tung, chairman of OOIL, said the industry faced difficult market conditions in the first half of 2016, and the second half of the year will be difficult if deployed capacity continues to substantially exceed demand.
The e-commerce giant said the Prime Air network is designed to support one and two-day package deliveries, especially for Prime members who pay an annual subscription for free two-day shipping.
The Netherlands-based third-party logistics provider posted a second quarter loss before interest and taxes (EBIT) of $34 million compared with a $51 million loss the prior year, according to the company’s most recent financial statements.
