The Gulf Coast port’s Napoleon Avenue Container Terminal transported 99,568 TEUs in March and April combined, which is more than it has transported during any two months in the port’s history.
U.S. Customs and Border Protection said it will block the entry of any sweetener made with forced labor into the nation.
The South African investment company reached an agreement to purchase Palletways Group Ltd., which delivers about 8 million pallets of freight per year across 20 European countries, from Phoenix Equity Partners.
The Icelandic liner carrier posted net earnings of 1.8 million euros on revenues of 113.3 million euros for the first quarter of 2016, a year-over-year increase of 21.1 percent and 0.5 percent, respectively.
The international express parcel carrier more than doubled its cargo-handling operations in Tokyo with the opening of a new 20,000-square-meter facility.
Making trade easier for companies in the United States is important, but the Trans-Pacific Partnership agreement is as much about the nation’s strategic interests in Asia.
Troubled South Korean ocean carrier Hyundai Merchant Marine is disputing press reports that it might be required to merge with fellow state-run line Hanjin Shipping in order to gain entry into the new east-west vessel sharing agreement.
Berkshire Hathaway-owned BNSF Railway Co. eliminated 62 management jobs last week and restructured its operations organization from three regions to two, effective today, according to a statement from the company.
The Energy and Water Development appropriations bill is the wrong place to fight out a social battle, Soy Transportation Coalition Executive Director Mike Steenhoek said.
The bi-state port complex saw throughput of both loaded imports and exports decline both on a monthly and year-over-year basis, according to recent data from the port authority.
The anti-globalization and anti-trade rhetoric of the U.S. presidential election has become a primary economic threat to emerging countries, according to Bloomberg’s Mohamed A. El-Erian .
Meanwhile, the state of Georgia dedicated a new road connecting the Port of Savannah to I-95, saying it will speed cargo flow and improve safety.
Premier of Victoria, Australia Daniel Andrews said the state is “very confident” the winning bid for a 50-year lease to operate the Port of Melbourne, which is valued between $4 billion and $6 billion, will exceed the book price.
However, the state experienced a 9 percent year-over-year drop in reported cargo thefts during the quarter to 2,152 incidents.
Hamburg, Germany-based Rickmers-Linie, has taken over the activities of tramp and chartering specialist Nordana Project & Chartering, which has offices in Copenhagen, Bangkok, Singapore and Houston.
China Jushi, a manufactuerer of fiberglass products, is investing $300 million to establish a new plant in central South Carolina, which will move products internationally through the Port of Charleston.
Unicon Logistics names VP of logistical services, while Kalmar, a subsidiary of cargo-handling equipment manufacturer Cargotec, appoints new president.
SMC³ CEO Andrew Slusher told American Shipper Tuesday that less-than-truckload carriers have a difficult time converting shippers from class to density-based pricing.
United States GDP grew slightly more than initially expected in the first quarter of 2016, and durable goods orders ticked up in April, according to the most recent data from the Department of Commerce.
Meanwhile, the struggling South Korean ocean carrier said in a statement Sunday it expects to reach an agreement with ship owners regarding charter rate renegotiations “soon.”
