DP World Russia, an 80/20 joint venture between the port terminal operator and the Russian Direct Investment Fund, aims to further the development of port and logistics infrastructure in Russia.
The global dry bulk commodities trader Cargill said Thursday that it intends to close the London office of its ocean transportation arm due to deteriorating market conditions.
The port handled 1.9 million metric tons of cargo in 2015, a 14 percent decline from 2014.
APM Terminals and Compañia de Puertos Asociados S.A. (Compas S.A.) finalized a new joint venture, Cartagena Container Terminal Operator, to jointly manage and operate Compas S.A.’s existing multipurpose terminal in Cartagena, Colombia.
The inland river port in northeastern Oklahoma handled 1.55 million tons of waterborne cargo during the past year, a 34.3 percent decline from 2014.
Aljex Software names VP of corporate strategy and IICL elects 2016 board, while SOGET appoints CEO and Hansa Heavy Lift picks offshore adviser.
The Port of Long Beach has “little to fear from other ports or the Panama Canal stealing our cargo and the jobs that come with it,” CEO Jon Slangerup said yesterday in his annual “State of the Port” address.
Canadian Pacific Railway Limited posted a net income of $319 million Canadian on revenues of $1.69 billion Canadian for the fourth quarter of 2015, year-over-year declines of 29.3 percent and 4 percent, respectively.
The International Monetary Fund yesterday released its latest quarterly World Economic Outlook (WEO) Update, in which it projected the global economy will grow 3.4 percent this year, down from its October projection of 3.6 percent.
The new service from the Port of Wilmington in North Carolina will connect with Charlotte starting this spring, and an another CSX intermodal hub in Raleigh is slated for a 2019 opening.
FedEx Ground will locate a new 300,000-square-foot distribution facility at the site of the former Bethlehem Steel plant at Sparrows Point near Baltimore city.
The Western U.S. railroad says an uncertain economy, energy markets, plunging commodity prices, and the strength of the U.S. dollar will be continuing challenges in 2016.
The European port handled 466.4 million tons of cargo in 2015, a 4.9 percent increase from the prior year, which primarily resulted from a surge in crude oil and oil products.
The National Shipping Company of Saudi Arabia reported skyrocketing profits in 2015 and experienced a significant fleet expansion after its merger with crude oil tanker company Vela Marine International Ltd.
The acquisition of vehicle and automotive parts specialist De Rooy Logistics will allow Netherlands-based Jan de Rijk to expand its existing services within the industry, the company said in a statement.
The cargo-dedicated airline will invest $77 million in “Cargolux China,” a new joint venture Chinese cargo airline expected to commence operations in 2017.
The Dubai-based port terminal operator has been granted a 25-year concession to develop and operate a new logistics center in Kigali, Rwanda.
The third-party logistics provider opened a new branch office in Charlotte, N.C. to meet the needs of its expanding client base.
China COSCO Holdings Company Ltd., which also owns container carrier COSCO and port terminal operator COSCO Pacific, has made an offer of $402 million for a 67 percent stake in the largest cargo port in Greece.
Canadian Pacific on Tuesday asked the U.S. Justice Department to investigate what it says is a concerted effort by the other Class I railroads to block its attempt to purchase number four U.S. railroad Norfolk Southern.
