The Atlanta, Ga.-based parcel giant posted a net income of $4.8 billion on revenues of $58.4 billion for 2015, a year-over-year increase of 59.8 percent and 0.2 percent, respectively.
The Virginia Port Authority has extended its operating control of the Port of Richmond until 2056.
Google was recently granted a patent for its “mobile delivery receptacles” for its Project Wing program, while Chinese e-tailer JD.com has begun testing drone deliveries to the more remote rural areas of the country.
The Danish ocean carrier’s weekly service between Colombia and North Europe commenced operations last month with the Jan. 8 sailing of the Antwerp Trader from Turbo.
Lumber Liquidators was sentenced by a federal court in Norfolk, Va., on Monday to pay more than $13.15 million in criminal fines, community service and forfeited assets related to its illegal imports of hardwood flooring.
The Port of Cleveland, via its Cleveland-Europe Express (CEE) container service, will offer shippers ongoing transport to India starting this spring.
FedEx’s $4.8 billion acquisition of Netherlands-based parcel carrier TNT Express still needs approval from China, according to a joint statement from the companies.
The Jordanian airport handled 100,691 tons of cargo in 2015, a 7.3 percent increase from 2014.
Netherlands-based Samskip Logistics took full ownership of German logistics company Züst & Bachmeier (Bremen) GmbH.
Envirotainer, a provider of temperature-controlled air cargo containers, has signed a global master lease contract with Air China Cargo.
Thrutainers International and CaroTrans established a partnership to create an import and export less-than-container-load (LCL) service network between the United States and Sub-Saharan Africa.
Executive Director Chris Lytle says the Port of Oakland is “deeply disappointed” with the action yesterday by Outer Harbor Terminal LLC, a joint venture between Ports America and Terminal Investment Ltd.
A subsidiary of e-commerce company Amazon recently registered as a foreign-owned non-vessel-operating common carrier with the U.S. Federal Maritime Commission, a move that has sparked further speculation that the online retailer is expanding into the transportation business. Beijing Century Joyo Courier Service Co., Ltd. filed for registration with the FMC on Nov. 9, 2015, […]
The operating costs of shipping between East Asia and the U.S. East Coast could fall by up to 30 percent because the labor and fuel costs per container are lower on larger vessels, according to industry experts. But the cost savings only apply if a ship is full, Michael Wilson, senior vice president of business […]
Perhaps the biggest threat from volatile financial markets is that the process of planning long-term infrastructure improvements will be sidelined. There is a lot of freight to move around the world. As long as the world population continues to increase and barriers to trade continue to be dismantled by trade agreements, the volume of […]
Retail industry faces challenges along entire length of supply chain.
This might seem like an outlandish claim, but Amazon’s foray into the logistics business has the scent of a Mafioso move. And I mean that in a good way. Cut out the middleman and take a bigger share of the profits. Amazon has been steadily building its logistics and transportation presence for a few […]
If you think food imports from China are the only ones in the United States adulterated by scam artists to make a buck, guess again. Over the years, there have been numerous safety violations in Chinese food products, including baby melamine-tainted infant formula, cadmium-laced rice, tainted dog food, vinegar contaminated with anti-freeze and bean […]
Global markets began the New Year with an unfortunate hangover, and it’s been difficult to find many bullish signals outside the United States. The main concern is China, whose markets began the year with a steep slide that reverberated throughout the world. Domestically, healthcare, education, and e-commerce are all relatively bright economic sectors for […]
I’ve been told train spotters and ship enthusiasts are sometimes called “anoraks” in the United Kingdom, after the coats they wear while waiting to snap photos. I could have used a warmer jacket myself on Dec. 31, the day I went over to the Port of Oakland to see the CMA CGM Benjamin Franklin […]
