Ocean carrier members of the G6 Alliance are scheduled to skip a total of 10 sailings throughout February on Asia-North America and Asia-Europe loops.
The Dow Jones Transportation Average closed at $7,566.70 on Monday, Dec. 28, down nearly 18 percent compared to December 2014.
Denmark-based consultancy SeaIntel’s measurement of scheduled ocean carrier arrivals found 85 percent of ships arrive on-time, though delays are still more common in the major east-west trade lanes.
The U.K.-based port operator acquired Great Yarmouth Port Company Limited from International Port Holdings.
The Bureau of Industry and Security has published a proposed rule to revise its guidance on charging and penalty determinations to settle administration enforcement cases involving alleged export control violations.
The report by the United States Trade Representative outlines whether China is following its World Trade Organization commitments and how the U.S. is working to get the country to abide by its promises.
The German logistics provider says the consolidation will provide more seamless service and lower costs for customers.
New orders for manufactured durable goods grew $0.1 billion to $238.8 billion in November following a revised increase of 2.9 percent in October.
The Slovenian port handled a record number of vehicles during 2015 and expects to see even stronger results in 2016 due to new businesses and regular connections with the Far East.
The Chinese government’s Assets Supervision and Administration Commission of the State Council has approved a reorganization of the two shipping companies that “aims to achieve economies of scale and synergies.”
Fred Potter, head of the Teamsters port division, predicts the port trucking industry will have to convert from an independent contractor model to one of employee drivers.
The city released a “Request for Expressions of Interest and Information (RFEII) for Maximizing Economic Benefits” and is looking at the possible use of Newark Port land by a private owner.
Christmas came late for some FedEx customers this year as the company scrambled to handle inclement weather in the Midwestern United States and record e-commerce orders.
Some fines are targeting roll-on/roll-off firms for alleged price fixing in the transportation of automobiles, while others are aimed at container companies for reported issues with tariff filing.
Container rates from Shanghai to Northwest Europe and the Mediterranean inched up last Friday compared to the Dec. 18 reading, while rates to the United States remained flat.
The European Shippers’ Council says shippers want to know how to practically work with guidelines put in place by new International Maritime Organization regulations regarding container weights, which go into effect next July.
United States gross domestic product expanded at an annualized rate of 2.0 percent in the third quarter of 2015, according to the third estimate from the Department of Commerce’s Bureau of Economic Analysis.
The U.S.-owned and operated marine solutions, transportation and logistics company took delivery of the second of the four LNG-ready, Jones Act product tankers from Philly Shipyard, Inc. last week.
In an annual survey conducted by the Rotterdam School of Management at Erasmus University, shippers from the Netherlands ranked “reliability of booking” as the most important service concern.
The U.S. Department of Agriculture said the United States in October exported more ethanol to China than in the previous 10 years combined.
