The third-party logistics company is closing a distribution center in southeast Memphis, which will result in the largest lay off announced by any company in the Memphis metro area so far this year.
Ocean carrier Hyundai Merchant Marine, which has been struggling to turn a profit in recent years, signed a memorandum of understanding with 2M Alliance members Maersk Line and MSC to join their major east-west vessel sharing agreement.
Ocean carrier Hyundai Merchant Marine, which has been struggling to turn a profit in recent years, signed a memorandum of understanding with 2M Alliance members Maersk Line and MSC to join their major east-west vessel sharing agreement.
PierPass, which was created by marine terminal operators in Los Angeles and Long Beach to address multi-terminal issues, noted Q2 truck turn times at both ports were faster than any other quarter during the past two years.
August is still expected to be the peak shipping month this year, even though volumes during the month are forecasted to be lower year-over-year, according to the monthly Global Port Tracker report by the National Retail Federation and Hackett Associates.
The Southern California port attributed the 3.4 percent year-over-year increase in container volumes in June to rising imports, which jumped 5.5 percent year-over-year.
Representatives from the maritime and oil and gas sectors have joined forces to create the SEA/LNG group, which aims to accelerate the widespread adoption of liquefied natural gas as an alternative to traditional diesel fuel.
The MOL Benefactor has worked its way down the East Coast to Savannah after taking advantage of the wider Panama Canal to transport cargo from Asia.
Chris Spear, the new president and CEO of American Trucking Associations, began his tenure leading the industry group by removing the now-former executive vice presidents of finance, communications and advocacy.
The Commerce Department on Tuesday recommended countervailing duties be assessed on imports of stainless steel sheet and strip from China.
State-owned China COSCO Shipping has rerouted boxes from the Port of Piraeus in Greece to Slovenia’s Port of Koper along the Adriatic Sea due to rail worker strikes.
The board of directors of Canadian Pacific Railway Limited declared a quarterly dividend of $0.50 Canadian (U.S. $0.38) per share payable Oct. 24 to shareholders of common stock.
The freight division of Emirates, which commenced import cargo flights from Dubai to Columbus, Ohio’s Rickenbacker International Airport last year, said it plans to add frequencies, services and staff to the hub.
The e-commerce giant will add an 855,000-square-foot fulfillment center in Kansas City, Kan. that will ultimately employ more than 1,000 workers, its second such facility to be slated for the area this year.
Iron ore loadings from the United States on the Great Lakes and St. Lawrence Seaway in June primarily originated from Two Harbors, Minn. (1.4 million tons), followed by Superior, Wis. (1.3 million tons) and Presque Isle, Mich. (892,722 tons).
Vessel operators Marguisa, Maersk Line, Arkas Line and ZIM, along with slot takers CMA CGM and Hapag-Lloyd, will add calls to La Spezia and Genoa to their joint WAS service between the Mediterranean and West Africa.
APM Terminals has been unwittingly entangled in a bribery scandal surrounding Guatemala’s former president Otto Perez Molina as a result of its purchase of Spanish port operator Grup TCB, according to a report from Danish news outlet Fagbladet 3F.
The $46.5 million intermodal hub in Cedar Rapids will cover 75 acres next to the Smith-Dows railyard.
Both carriers have refuted analyst reports that industry leader Maersk Line intends not just to bring Hyundai Merchant Marine into the 2M Alliance it shares with MSC, but to merge with or buy the struggling South Korean line.
The European Commission has opened two separate in-depth probes into corporate tax exemptions granted by the French and Belgian governments to ports in an effort to determine if such benefits undermine competition with other EU nations.
