Agriculture shippers ask Senate for help with overcoming “significant challenges” in ocean shipping that could hurt the American economy.
Federal Maritime Commission Mario Cordero said Wednesday the agency has not yet received a formal filing by the container carriers that plan to establish the new OCEAN Alliance.
China’s central bank will tighten finances to steel and coal projects to help accelerate the government’s culling of industrial overcapacity, while encouraging companies to export products and projects overseas.
The decision is a reversal of plans announced in March, when the ocean carrier said it would deploy its flagship fleet of six, 18,000-TEU containerships between Asia and the United States West Coast starting in May.
Investment firm HCI Capital has taken over Hamburg-based shipping company Ernst Russ GmbH & Co., with its fleet of seven container and four ro/ro vessels.
The port’s throughput rose 0.2 percent year-over-year in the first quarter of 2016, as an increase in crude oil and oil products was offset by a drop in dry bulk and container volumes.
The global third-party logistics provider posted revenues of 5.6 billion euros for fiscal year 2015, a 6.5 percent year-over-year increase.
Wallenius Wilhelmsen Logistics has taken delivery of the third of eight new roll-on/roll-off vessels that will use the new, larger Panama Canal locks.
German ocean carrier Hapag-Lloyd revealed it is discussing a possible merger with United Arab Shipping Company.
German ocean carrier Hapag-Lloyd revealed it is discussing a possible merger with United Arab Shipping Company.
Ocean carriers CMA CGM, COSCO, Evergreen Line and OOCL revealed they will form a new alliance next April.
Ocean carriers CMA CGM, COSCO, Evergreen Line and OOCL revealed they will form a new alliance next April.
The Panama Canal Authority began taking reservations for larger ships that will be able to transit through the Panama Canal once the new, larger locks open for regular business June 27.
BB&T freight analyst Tom Albrecht told the LeanLogistics user conference Tuesday that there’s no single driver of loose capacity in domestic transportation markets.
Several trade associations, led by Cargo Network Services, will host an air cargo regulatory conference in the Washington, D.C. area in October.
Canadian Pacific experienced a 4 percent year-over-year drop in revenues for the first quarter of 2016 to C$1.59 billion.
The NCBFAA and CAAAREM will work together on government advocacy, continuing education, marketing and sharing industry best practices.
The intermodal and trucking provider posted net earnings of $100.1 million for the first quarter of 2016, along with earnings per share of $0.88 cents, which surpassed analyst projections of $0.85 per share.
Freight transportation analyst firm FTR said U.S. truck trailer orders for March fell 35 percent over the previous month to 13,800 units.
