American Shipper

The United States East Coast port handled 307,035 TEUs for the month, an 8 percent increase compared with February 2015.

The Singapore-based port terminal operator posted a net profit of $1.27 billion Singapore (U.S. $934.54 million) on revenues that fell 6.7 percent to S$3.57 billion compared with the previous year.

Ocean carrier Evergreen Line is joining the Ocean3 Alliance’s Phoenician Express/BEX2 as a vessel provider, while COSCO began participating on the loop two weeks ago as a slot purchaser.

United States truck trailer net orders totaled 21,300 units for the month, a 21 percent increase from January and 2 percent bump from February 2015.

Tri-Union Seafoods, which sells Chicken of the Sea, and Bumble Bee estimate about 34,000 cases of canned tuna may be contaminated because of a production malfunction that resulted in meat not being properly cooked before being sent to stores.

Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL, MOL, APL and Emirates Shipping Line issued general rate increases.

XPO Logistics appoints independent director, while essDOCS names chief commercial officer.

The European shipper group says a proposal by the European Commission to reform the way liner carriers announce general rate increases does not go far enough and the competition watchdog should “abolish…the practice of announcing GRI’s completely.”

South Korean shipping conglomerate Hyundai Merchant Marine’s attempt to renegotiate charters could affect owners such as Greece’s Danaos.

Manufacturers in the United States increasingly depend on exports and trade deals like the Trans-Pacific Partnership help even the playing field, bringing down barriers to access foreign markets, according to a National Association of Manufacturers panel.

The national maritime shipping line of Iran resumed calls to North Europe this week with its European Container Line service, which operates with two 2,478-TEU vessels.

Seven of the 15 routes measured by the Shanghai Containerized Freight Index fell to all-time lows this week, according to Richard Ward, a container derivatives specialist at Freight Investor Services.

The Dubai, United Arab Emirates-based global port operator said slower volume growth at its terminal operations in 2015 was offset by revenues from the recent purchase of Economic Zones World in Dubai.

The Port of Charleston exported the 2 millionth BMW automobile manufactured in South Carolina during the month, highlighting increases in vehicle and breakbulk volumes at the port.

Truckload pricing grew just 0.5 percent year-over-year in February, causing analysts at Avondale Partners to adjust their pricing forecasts downward to a range between -1 percent and 2 percent for the remainder of the year.

Global terminal operator APM Terminals said it’s moving forward with development of its new semi-automated Lázaro Cárdenas Terminal 2 (TEC2) project on the West Coast of Mexico, representing an overall investment of $900 million.

The German cargo airline’s earnings before interest in tax totaled 3 million euros (U.S. $3.4 million) for the year, a 97.6 percent decline from 2014.

Rates fell another 3.8 percent for the month compared to February of last year, the 14th consecutive month prices have decreased, according to the latest Cass Intermodal Price Index.

DB Schenker and GLS Group announced an agreement Friday to jointly provide parcel delivery services throughout Germany.

Premium Transportation Services, which does business as Total Transportation Service Inc., cited industry, political and legal headwinds as reasons it filed for federal bankruptcy protection in Delaware on Monday.