The sluggish export market means the Port of Charleston could see flat growth for the next few months, according to Port Director Jim Newsome.
Chief Financial Officer of the Jacksonville, Fla.-based railway Frank Lonegro told the Barclays Industrial Select Conference in Miami the company expects a further 20 percent decline in coal volumes in 2016.
More than 2.13 million TEUs moved over the U.S. Gulf Coast port’s docks in 2015, up from just under 2 million TEUs in 2014, and new facilities and infrastructure expansion are expected to support additional growth.
An unnamed third party has filed an appeal with the Conselho Administrativo de Defesa Econômica regarding the regulatory body’s approval of a tie-up between FedEx Corp. and TNT Express, according to a joint statement from the companies.
The SEAS1/ASE1 loop, which is currently operated by ocean carriers CMA CGM, Hapag-Lloyd, Hamburg Sud and NYK, is switching from a weekly frequency to fortnightly.
The German container line is pilot testing a stowage platform from Oakland-based technology firm XVELA, a subsidiary of terminal operating system provider Navis.
White House officials and ministers from the 10 Association of Southeast Asian Nations met in California this week with the goal to expand economic ties between the United States and the regional trade bloc.
A total of 1,970 cargo thefts were reported in Europe, the Middle East and Africa throughout 2015, 669 in the fourth quarter alone, year-over-year increases of 46 percent and 152 percent, respectively.
The inland river port experienced a 23.8 percent month-over-month drop in barge tonnage to 112,594 tons in January.
Non-vessel operating common carrier Troy Container Line now provides less-than-container-load and full-container-load import and export consolidation services to all of Germany.
The third-party logistics provider’s new Las Vegas office opened Monday with an initial team of 20 employees.
INTTRA appoints new president and COO, while the Chicago South Shore & South Bend Railroad names president and TIACA adds a board member.
The Chinese firm is now largest shipping company in the world and controls the fourth largest container fleet after Maersk Line, Mediterranean Shipping Co. and CMA CGM.
Ahead of Thursday’s Federal Maritime Commission hearing on verified gross mass reporting requirements for containers, the ocean shipping industry still unclear on so many details of how the rule will be enforced.
Calgary-based Canadian Pacific railway last week launched a new website compiling details of and arguments for its proposed acquisition of number four U.S. railroad Norfolk Southern Corp.
CMA CGM plans to bring the merged COSCO-CSCL into a new vessel sharing alliance on the major east-west trades that would rival the 2M Alliance of Maersk Line and Mediterranean Shipping Co., according to a report from industry analyst Alphaliner.
The United States Coast Guard Marine Board of Investigation yesterday held the first day of hearings into the sinking of the TOTE Maritime Puerto Rico general cargo ship.
The analysis focused on the ports of Los Angeles, Long Beach, New York-New Jersey and Savannah to gather information on vessel arrival delays, berth times and the size and number of vessels calling each of these ports.
The port handled 192,844 TEUs for the month, a 0.4 percent increase from January 2015, with truck volumes and ship calls up 1.2 percent and 1.8 percent year-over-year, respectively.
The United States and Cuba entered an agreement on Tuesday to reestablish scheduled air cargo and passenger services between the two countries.
