The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index rose 22.3 percent since last week, from a reading of 418.47 to a reading of 511.99.
The commercial truck and engine manufacturer will pay $7.5 million to settle allegations by the U.S. Securities and Exchange Commission it misled investors about the development of an advanced technology engine that would meet U.S. emission standards.
Korean firm KB Financial will pay $867 million to acquire a 22.56 percent stake in Hyundai Securities from HMM, according to multiple media reports.
Allowing foreign-owned ships operated by foreign crews to participate in cabotage trade in the United States would add to the burden facing domestic security agencies, according to a new report from Lexington Institute.
The bi-state port also saw a big boost in automotive traffic and handled a record number of containers with its on-dock rail system, according to data from the port authority.
The Danish ocean carrier’s CRX loop, which connects North Europe with Central American, will make its first call at Mariel, Cuba April 22.
The Jacksonville, Fla.-based ocean carrier is purchasing new containers, chassis and gensets for both international shippers as well as its services to Puerto Rico.
The truckload carrier selected OBRCOMM, a global provider of machine-to-machine and “internet of things” solutions, to provide its dual-mode cold chain telematics solution for tracking and monitoring refrigerated trailers.
The 2M Alliance, comprised of ocean carriers Maersk Line and MSC, will also add a call in New York to another one of its loops between Asia and the U.S. East Coast.
The 2M Alliance, comprised of ocean carriers Maersk Line and MSC, will also add a call in New York to another one of its loops between Asia and the U.S. East Coast.
The Owner-Operator Independent Drivers Association says requiring electronic logging devices on vehicles doesn’t improve safety and is unconstitutional.
The decision is a victory for the City of Long Beach, which said in a statement it believes more should be done to mitigate the project’s impact on local residents.
The dispute between dockworkers and employers over starting times, which caused a shutdown at the Oakland International Container Terminal Monday, will be resolved using new arbitration system agreed to last year as part of the ILWU-PMA contract.
The commercial aircraft manufacturer confirmed plans to eliminate 4,550 positions by mid-2016 as part of a cost cutting program that could save the company as much as $1 billion, according to multiple media reports.
The ocean carrier alliance will void additional voyages on its Loop 6 service between Asia and Europe, which suspended operations in February and is currently scheduled to resume sailing in July.
The Conselho Administrativo de Defesa Econômica initially approved the $4.8 billion acquisition of Netherlands-based TNT Express last month, but a “third party,” FedEx archrival UPS Inc., appealed the ruling.
United States air carriers flew 35.9 billion revenue ton miles (RTMs) in 2015, a 2.2 percent increase from 2014.
The non-asset based freight brokerage and transportation management service provider signed a 224,678-square-foot lease at 600 West Chicago Avenue in Chicago, Ill.
The Association of Asia Pacific Airlines attributed the decrease to the weakness in global trade volumes, along with the Lunar New Year seasonal slowdown in factory operations in the region.
Developers at Logistics Park Kansas City are building a fulfillment center for Amazon and two new warehouses on a speculative basis.
