Importers also feel impact of VGM rule
Many importers remain confused about how the safety rule will be implemented and whether there will be any supply chain disruption as the shipping industry adjusts to new procedures.
Many importers remain confused about how the safety rule will be implemented and whether there will be any supply chain disruption as the shipping industry adjusts to new procedures.
South Carolina Ports Authority officials will not charge $25 to weigh containers to meet the SOLAS verified gross mass requirements because the authority has determined it doesn’t need to send the info to shippers.
The Puyallup, Wash.-based shipping company’s last call at the Port of Portland, Ore. will be Saturday, May 21.
Sen. John Thune, R-S.D. asked Federal Maritime Commission Chairman Mario Cordero for the agency staff to brief the committee staff on this issue by no later than May 31, 2016.
Third-party logistics provider CJ Korea Express is considering purchasing Netherlands-based CEVA Logistics from private equity firm Apollo Global Management, according to a report from industry news outlet The Loadstar.
Many East Coast ports reported a decline in loaded container volumes during the month, reflecting the fact that the overall container trade is tepid, South Carolina Ports Authority CEO Jim Newsome explained.
Frank Lonegro, chief financial officer of the Class I railway, told investors and analysts at the Bank of America Merrill Lynch Transportation Conference in Boston the company expects volumes to decline in the high single digits in the second quarter.
The Northwest Seaport Alliance handled higher volumes of loaded container imports and loaded container exports in April compared to April 2015.
Deutsche Post appointed Tim Scharwath, who until recently served as head of global airfreight at Swiss-based third-party logistics provider Kuehne + Nagel, as chief executive for DHL Global Forwarding, Freight.
The South Korean government’s push to restructure debt-laden companies will result in many layoffs, especially in industrial hubs along the southeast coastline, where shipyards and ports dominate the landscape.
The forwarder established the new temperature-controlled logistics center for life science and healthcare products.
The European Union, which was once the second-largest sugar exporter, is seeing its sugar stockpile plummet, with inventories expected to fall to 716,000 tons by the end of September, the lowest since a sugar reform was implemented in 2006.
Ship owners on Wednesday broke off rate negotiations with struggling South Korean shipping conglomerate Hyundai Merchant Marine without reaching an agreement, according to multiple reports from Korean media outlets.
Iowa uses sophisticated supply chain modeling to map future freight transportation infrastructure.
Ship owners on Wednesday broke off rate negotiations with struggling South Korean shipping conglomerate Hyundai Merchant Marine without reaching an agreement, according to multiple reports from Korean media outlets.
Parcel giant FedEx declared its $4.8 billion offer for the Netherlands-based global package delivery firm “unconditional,” meaning all predetermined terms have been either met or waived, according to a joint statement from the companies.
Approximately 37.5 percent of imports to the United States were contracted by non-vessel operating common carriers in the first quarter of 2016, according to research firm Datamyne.
The new shipping line will commence a new service between China and Australia, which will deploy five ships with a nominal capacity of 5,000 TEUs.
Throughput at the Cai Mep International Terminal in Vietnam, an APM Terminals facility, surged 130 percent year-over-year to 277,303 TEUs during the first quarter of 2016 thanks to the addition of five new ocean liner service calls.
Greg Fox, executive vice president of operations at BNSF Railway, will be succeeded by current Senior Vice President of Transportation Dave Freeman, effective June 1, 2016, but will stay with the company through August to facilitate the transition.