The Japanese ocean carrier pleaded guilty to criminal cartel conduct in Australia’s federal court in relation to the transportation of vehicles to Australia between July 2009 and September 2012.
Hong Kong handled 1.61 million TEUs of containerized cargo for the month and 9.16 million TEUs in the first six months of 2016, year-over-year declines of 8.6 percent and 10.5 percent, respectively, according to recent data from the port.
Swiss-based third-party logistics provider Kuehne + Nagel grew net earnings 9.2 percent year-over-year to 356 million Swiss Francs in the first six months of 2016 following a 5.4 percent increase for the full year in 2015.
The International Trade Commission is scheduled to make its final injury determinations in the investigations of heavy-walled rectangular-welded cargo steel pipes and tubes from South Korea, Mexico and Turkey Aug. 29.
The intermodal and trucking provider saw second quarter net earnings tick up 1.9 percent year-over-year to $105 million on revenues that grew 5 percent to $1.62 billion.
China International Marine Containers, the largest manufacturer of shipping containers worldwide, issued a profit warning to investors predicting a loss of 450 million yuan renminbi (U.S. $67.4 million) for the first six months of the year.
International airports, such as Schiphol, have seen weak growth in the air freight business during the first half of the year, according to Airports Council International.
The United States government has entered into an agreement with the Vietnamese government to end two longtime World Trade Organization disputes involving imports of Vietnamese shrimp into the U.S.
The Massachusetts Port Authority revealed that shipping lines continue to indicate their intention to deploy 10,000-12,000 TEU containerships to the port, which just received its largest containership ever this past weekend, the 8,532-TEU Xin Mei Zhou.
Cargo volumes carried by U.S.-flag Great Lakes freighters fell 6.4 percent year-over-year in June to 9.65 million net tons.
The German cargo airline revealed its new product Tuesday for customers with price-sensitive goods.
JLL hires former Walmart executive as VP of retail/e-commerce distribution, while the Port of Oakland elects board president and the Vancouver Fraser Port Authority’s CFO to retire.
Rolf Habben Jansen, the chief executive officer of ocean carrier Hapag-Lloyd, said he believes consolidation in the shipping industry resulting from deals such as Monday’s merger agreement between Hapag-Lloyd and UASC will benefit the container industry.
Chainalytics Vice President of Transportation Kevin Zweier explained that collaborative transportation is a useful strategy, provided shippers put in the homework before and after bid events.
The U.S. Department of Justice is launching a rare internal review of what went wrong in its failed pursuit of a case in which it charged the parcel giant with conspiring to deliver illegal drugs, according to a report from Reuters news service.
One of BNSF’s two trains involved in the June 28 collision in Panhandle, Texas, which left three dead and one injured, passed through a stop signal at about 65 mph prior to the collision, according to a preliminary report issued by the National Transportat
About 450,000 TEUs of capacity is expected to be scrapped in 2016, which would be double the amount scrapped in 2015, according to the London-based shipping consultant Drewry.
A federal grand jury in Charleston, S.C. indicted Aegean Shipping Management S.A. and Aegeansun Gamma Inc. for conspiracy to hide illicit ship pollution.
The U.S. Federal Reserve revealed that retail sales and factory output picked up in June, illustrating how the U.S. economy is bouncing back from a slow first quarter.
The Northern California port’s container volumes were hindered by a slowdown in empty containers moving through the port.
