American Shipper

Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL and MOL issued rate increases on various trades.

Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL and MOL issued general rate increases.

The nationwide lease-to-own company started using Cloud Logistics’ transportation management system over a year ago due to its network complexity, and has reaped the benefits of reporting tools and faster tendering.

Meanwhile, just this Friday, the Shanghai Shipping Exchange said its Shanghai Containerized Freight Index declined 6.2 percent from last Friday’s reading of 670.29 to a reading of 628.59.

William E. (Bill) Woodhour became president of Maersk Line, Ltd. (MLL) July 1 and will eventually become chief executive officer of the company, taking over from Russ Bruner, who has been president and CEO of MLL since 2014.

Republican nominee Donald Trump said one of his top priorities for improving the U.S. economy will be to make trade deals that better serve U.S. workers.

The proposed change would give NVOs and import buyers the ability to directly transmit the Importer Security Filing, which is expected to improve security and eliminate confusion over who should file.

Shippers who don’t audit their freight invoices prior to paying them are throwing money away and losing the benefit of data analysis, according to Garry Oswald, VP of Sales & Marketing at National Traffic Service.

Trucking and intermodal carrier Swift Transportation reported net income of $42.9 million on revenues of $1.01 billion for the second quarter of 2016, year-over-year decreases of 15.9 percent and 4.5 percent, respectively.

Effective tomorrow, filers must file entries for cargo release and corresponding entry summaries for quota merchandise.

Leadership changes at the American Trucking Associations continued under new President and CEO Chris Spear, as the industry group named new executive vice presidents of legal affairs, communications and public affairs, and advocacy.

Alexander Fishenko, a dual citizen of the United States and Russia, was given a 10-year prison term and ordered to forfeit more than $500,000 in criminal proceeds following his guilty plea on Sept. 9, 2015 to a 19-count indictment.

REZ-1, Inc., a provider of asset management, equipment reservation, billing and reload services to the domestic intermodal industry, has agreed to purchase cloud-based logistics and transportation management solutions provider International Asset Systems.

The Swiss-based global freight forwarder reported net earnings fell to 21.8 million Swiss francs (U.S. $22.11 million) from CHF45.3 million the previous year, due primarily to onetime costs from a capacity realignment in the company’s oil and gas division.

The Class I railroad’s net income and operating revenues fell 19 percent and 12 percent year-over-year, respectively, in Q2 2016, as the strong U.S. dollar on exports and weak demand for consumer goods continues to put strain on the company.

Ocean carrier members of the G6 Alliance revealed their CC1 and CC2 services, which are dedicated to the Asia-U.S. West Coast trade, will be merged until further notice.

The transportation and logistics company’s net income for the second quarter of 2016 fell 43 percent year-over-year to $18.3 million, resulting from sluggish freight market conditions, the pay increase for drivers and independent contractors, and a soft u

Cincinnati, Ohio-based third-party provider Total Quality Logistics will open its newest sales office in Salt Lake City, Utah on Aug. 8, the company said in a statement.

The airline said its new JFK airport facility is designed to handle an array of cargo, including pharmaceuticals and live animals, in addition to general freight.

A.N. Deringer appoints national sales manager and A.R.C. Transit names chief marketing officer, while Akin Gump gains former Commerce Department textiles and apparel trade official.