Canadian Pacific Railway is continuing to pursue an acquisition of Norfolk Southern Corp., officially asking shareholders to force the NS board to engage in negotiations regarding a potential merger of the two Class I railroads.
The Trade Facilitation and Trade Enforcement Act of 2015 streamlines Customs and Border Protection procedures, reduces certain cross-border shipping costs, and strengthens enforcement of intellectual property rights, antidumping and countervailing duties.
The New Zealand port released a draft proposal for a new berth, which would require dredging and the construction of a new wharf.
Third party logistics services provider Dachser has set up a new central organization called Corporate Solutions, Research & Development to further develop industry-specific logistics solutions and bundle its research and development activities.
The German ocean carrier will become a member of the Deutsche Börse index, a Blue Chip Equity Index composed of 50 small and medium-sized companies.
Once UPS’s package sorting and delivery facility in Herne is upgraded, it will have an operating area of 25,000 square meters and a package sorting capacity of over 36,000 pieces per hour.
The containership lessor is looking at opportunities for sale-leasebacks with liner companies, buying ships from private equity firms that are now look to exit the container shipping sector, and investing in other assets like containers themselves.
The European port organization said Wednesday member states are still unclear on how to go about implementing and enforcing the new International Maritime Organization container weight verification guidelines due to come into effect July 1.
Air Transport Services Group has confirmed that it has reached agreements with Amazon Fulfillment Services to operate an airfreight network to serve the giant online retailer’s customers in the United States.
If the quest for bigger and bigger containerships has run its course, future vessel ordering may instead be based on individual lines’ assessment of future demand growth, according to a new report from London-based shipping consultant Drewry.
The ocean carrier alliance is terminating its Asia-North Europe NE8 loop this month, which will result in a 10.9 percent drop in its weekly deployed capacity on the trade, according to data from BlueWater Reporting.
Maersk Group subsidiary APM Terminals has completed the purchase of eight of 11 terminals from the Barcelona, Spain-based operator and still hopes to acquire additional TCB terminals in Turkey and the Canary Islands.
Ports covered by the Global Port Tracker report handled 1.5 million TEUs for the month, up 4.4 percent from December and 21.4 percent from “unusually low figures” in January 2015, according to the National Retail Federation and Hackett Associates.
The U.S. Transportation Department’s Federal Motor Carrier Safety Administration and Federal Railroad Administration have proposed rules to screen, evaluate and treat truck drivers and railroad workers for obstructive sleep apnea.
Total shipments for third-party logistics providers grew 8.5 percent in the fourth quarter, but total revenues fell 4.7 percent compared to the same 2014 period, according to a recent benchmarking report from the Transportation Intermediaries Association.
The United States exported more volumes of beef, pork, and lamb in January compared to last year, but in terms of value, each segment experienced declines.
Global airfreight volumes grew 2.7 percent year-over-year in January, but the freight load factor averaged 41.3 percent, a 1.8 percent decline from January 2015.
The largest domestic tank barge operator in United States has expanded its fleet with the acquisition of 27 inland tank barges and 13 inland towboats, plus one tank barge and one towboat currently under construction.
The City of Vancouver has agreed to purchase the nine-kilometer rail route from Canadian Pacific Railway for $55 million, according to a statement from CP.
The U.S. Federal Maritime Commission has received 18 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from DBN Carrier, Los Angeles (Bayasgalan Lkhamsuren, president); Evgeny Lavrentev, Sherman Oaks, Calif. (Evgeny Lavrentev, sole proprietor); Sprint Cargo Corp., Astoria, N.Y. (Ali A. Siddiqui, president); and Transphere, Westland, Mich. (Chetan […]
