The voyage data recorder from the El Faro, the cargo ship that sank during Hurricane Joaquin on Oct. 1, 2015, has officially been retrieved.
The national postal carrier of Australia has purchased a 4.5 percent stake in global transportation and logistics provider Aramex for a reported $100 million Australian (U.S. $76 million) in an effort to boost its e-commerce capabilities.
A project at the South Atlantic port’s Blount Island Marine Terminal on Berth 35 to install a high-voltage electrical system in anticipation of the arrival of three new 100-gauge electric container cranes in nearing completion.
The service, which is designed for urgent, time-sensitive and high value international heavyweight shipments over 150 pounds, is now offered to 66 origin and 64 destination countries and territories.
The Ocean3 Alliance, comprised of ocean carriers CMA CGM, CSCL and UASC, is dropping calls at Dalian and Zeebrugge on its FAL 1 service.
Larger vessels are expected to call the Port of Charleston from Asia with the recent opening of the larger locks at the Panama Canal and the port expects to handle its first 14,000-TEU vessel later this year.
The air cargo handler began its contracts with Air India and Icelandair Aug. 1 and will start its services for Rossiya/Aeroflot Oct. 1.
Troy Container Line names less-than-containerload documentation manager, while the Transportation Marketing & Sales Association picks Education Committee chairman.
The German ocean carrier said the 20 percent year-over-year drop in revenues to $2.1 billion for the quarter reflected subdued economic growth in many parts of the world, tough competition in the liner shipping industry and falling freight rates.
The private equity firm, which is known for investing in logistics technology, has invested $255 million in BlueGrace Logistics, whose business is largely built around less-than-truckload brokerage and enterprise supply chain management services.
The voyage data recorder from the El Faro, the cargo ship that sank during Hurricane Joaquin on Oct. 1, 2015, has officially been retrieved.
The air cargo services provider reported a loss per diluted share of $0.26 in second quarter 2016 compared with a $1.13 per share gain in the same 2015 period due to unrealized gains related to vested warrants granted to e-commerce giant Amazon.com.
Trade organizations representing shippers and transportation organizations on Monday sent a letter to ILWU President Robert McEllrath and PMA Chairman and CEO James McKenna, requesting discussions begin on either a contract extension or a new contract.
Overall intermodal traffic in North America fell 6.1 percent in second quarter 2016, the first volume decline in 25 consecutive quarters, according to data from the Intermodal Association of North America.
The expanded turning basin project, which allows the port to handle post-Panamax vessels with a length of 1,150 feet and a breadth of 158 feet, involved the removal of an existing bulk pier and dredging along the port’s side of the Cape Fear River.
The Montreal, Canada-based plane and train manufacturer saw revenues slip 6.7 percent year-over-year to $4.31 billion due to tepid demand for business jets and startup costs related to production of its new C Series commercial aircraft.
The 800,000-square-foot FedEx Ground distribution center in Allen Township, Pa. is expected to create 680 jobs when it opens in late 2018, according to a statement from Pennsylvania Gov. Tom Wolf.
Berkshire Hathaway-owned BNSF Railway Co. reported a net income of $772 million in the second quarter of 2016 and $1.56 billion in the first half of the year, decreases of 19.8 percent and 22.5 percent, respectively, from the previous year.
The German cargo airline acquired same-day delivery company time:matters Group, which it had originally spun off as a subsidiary in 2002.
The U.S. Department of Agriculture’s Foreign Agricultural Service established a new Office of Agricultural Affairs at the U.S. embassy in Rangoon, Myanmar (Burma).
