Container volumes grew more than 11 percent in Savannah last year and the port authority is investing in further expansion to accommodate even more growth in the near future.
Volume growth in 2016 is unlikely to match the 15 percent growth rate seen last year despite the opening of new, expanded Panama Canal locks, according to the London-based consultant.
Snow and ice from Winter Storm Jonas have paralyzed a giant swath of the United States since Friday, making it difficult for travelers and cargo carriers to get to their destinations.
The commercial aircraft manufacturer will recognize an after-tax charge $569 million ($0.84 per share) in its fourth quarter 2015 financial results, but said the charge will not affect top line revenues.
The Department of Transportation has awarded the funds to seven separate firms for the purpose of maintaining 48 ships in MarAd’s National Defense Reserve Fleet over the next eight years.
On Jan. 18, United Kingdom-based courier services company Rico acquired a majority shareholding in Circle Express, which provides a collection and delivery service that is specifically targeted at the UK airfreight forwarding industry.
The German ocean carrier issued a general rate increase from Northeast Asia to Australia, scheduled to take effect March 1.
3PL veteran starts Allport Cargo Services USA and Suttons Group names new chairman, while Röhlig names Germany ocean cargo manager and Avianca picks interim CEO.
Ocean carrier Mediterranean Shipping Company will launch a new loop between Asia and the Red Sea Feb. 12.
Decelerating demand growth and continuing expansion of new shipping capacity has led to new lows for freight rates on mainstream shipping routes, according to a profit warning from ocean carrier CSCL.
The Port of Oakland has indicated officials are negotiating with TraPac, but said its other terminals will handle former OHT cargo and expects no diversion as a result of decision by TIL and Ports America to end operations at the port.
The Hong Kong-based ocean carrier Orient Overseas Container Line said its overall revenue per TEU in the fourth quarter of 2015 fell 17.3 percent compared to the same quarter a year ago.
Canadian Pacific Railway Ltd. CEO E. Hunter Harrison said yesterday the workforce reduction will come from all areas of the company as slumping cargo volumes caused a 29 percent decline in fourth quarter profits.
As the amount of data being produced and consumed by supply chains grows exponentially, having tools to visualize that data is crucial.
Rates from Shanghai to Northwest Europe, the Mediterranean and the United States have all fallen in each of the past three consecutive weeks.
The South Carolina Ports Authority is also investing in 120 more reefer racks at its Wando Welch Terminal.
The intermodal and trucking specialist posted a fourth quarter 2015 profit of $116.7 million and earnings per share of $1.01, surpassing analyst projections of $0.99 per share.
The alliance, which consists of the Port of Seattle and Port of Tacoma, handled 3.53 million TEUs in 2015, a 4 percent increase from 2014.
The purchase of UTi Worldwide makes Danish supply chain provider DSV the fourth largest global forwarder in terms of revenue.
Although Amsterdam Airport Schiphol, London-Heathrow and Frankfurt Airport saw throughput decline in 2015 in comparison to 2014, Leipzig/Halle Airport and Brussels Airport reported year-over-year increases in airfreight volumes.
