Sens. Mike Lee and Amy Klobuchar wrote a letter to the United States attorney general’s office saying Canadian Pacific’s proposed takeover of Norfolk Southern Corp. could “limit the ability of the STB to protect competition.”
Low crude prices are hurting oil exporting nations, but the savings to oil consuming countries are helping to offset weak economic conditions around the world, according to the credit rating agency Moody’s Investor Service.
The Omani port signed a memorandum of understanding with two Iranian ports to facilitate trade growth between the two nations.
A transportation and logistics services provider for the pharmaceutical, healthcare and consumer electronics sectors in Germany, trans-o-flex generates annual revenues of around 500 million euros.
The South Carolina Ports Authority plans to bring in additional revenue by leasing rooftop space to a solar energy provider, which will then make money by selling the power generated by the panels to utility company South Carolina Electric & Gas.
NYK is joining the joint Hapag-Lloyd, “K” Line, Simatech, Evergreen Line and Yang Ming operated SWACO-8/CIX-2, which is adding a call at Mundra, next week, while the SWACO-1/INDFEX-1, operated by Wan Hai, PIL, SCI and “K” Line, is adding a call at Pipavav.
The independent containership owner and manager reported net earnings of $199.4 million on revenues of $819 million for 2015, year-over-year increases of 51.9 percent and 14.2 percent, respectively.
The United Kingdom-based port owner and operator entered into an agreement to purchase 152 acres of land just east of the Port of Tilbury, which will expand the port’s coverage to 1,100 acres.
The Danish ocean carrier is adding Sokhna to its portfolio of ports in Egypt.
The third largest container carrier saw net profits in 2015 decrease 2.9 percent to $567 million on revenues that fell 6.4 percent to $15.7 billion compared with the previous year, according to the company’s most recent financial statements.
The third largest container carrier saw net profits in 2015 decrease 2.9 percent to $567 million on revenues that fell 6.4 percent to $15.7 billion compared with the previous year, according to the company’s most recent financial statements.
Despite a poor second half last year, the Hong Kong-based parent of ocean carrier OOCL expects to reap benefits from its new Middle Harbor terminal at the Port of Long Beach when it opens later this year.
One shipper described the long truck lines at the Port of Oakland as a “debacle” as cargo volumes at the SSA terminal have climbed suddenly due to the rapid exit of Outer Harbor Terminal LLC, a joint venture of Ports America and TIL Group.
The Independent Pilots Association will make oral arguments to the U.S. Court of Appeals today in a lawsuit challenging the Federal Aviation Administration’s exclusion of all-cargo operators from its new Flightcrew Member Duty and Rest Requirements.
A spokesperson for Hyundai Merchant Marine, however, dismissed reports of a combination between the two South Korean shipping conglomerates as nothing more than a “half baked rumor” just one week ago.
Job cuts at transportation and logistics companies during the month were again led by a decline in courier and messenger positions, according to recent preliminary data from the United States Department of Labor.
The shipping company’s Container and Terminal Division, which consists of intermodal shipping line Eucon and two container terminals in Ireland, posted revenues of 118.2 million euros for 2015, a 10.5 percent increase from 2014.
The Commerce Department on Friday began antidumping and countervailing duties on imports of Chinese-made stainless steel sheet and strip.
The Alpharetta, Ga.-based cold chain solutions provider began development of a 9,000-square-meter, temperature-controlled warehouse on the Maasvlakte at the Port of Rotterdam.
The UPS Worldwide Express package service has expanded its network to include 88 countries and territories.
