Although rates from Shanghai to Northwest Europe rose 156 percent, rates from Shanghai to the Mediterranean tumbled 25 percent compared to last week.
Cargo volumes at U.S. ports are expected to grow at a slower rate in 2016, according to a new report from Moody’s Investors Service.
The West Coast seaport posted a cargo throughput of 619,699 TEUs for November and 6.6 million TEUs for the first 11 months of 2015.
Ro-ro carrier and auto processor Wallenius Wilhelmsen Logistics already has more than 200 full-time employees at the Port of Baltimore, but officials said the new contract will support almost 1,000 direct jobs at the port and 1,500 indirect jobs.
The Gulf Coast port handled over 2 million TEUs so far this year, surpassing the previous record of 1.96 million TEUs set in 2014.
Pennsylvania Gov. Tom Wolf has appointed 13 individuals from business, labor and government to serve on the Port of Philadelphia Advisory Committee.
The $50 million project administered by the United States Maritime Administration on behalf of the Department of Defense has officially reached completion.
The Gothenburg, Sweden-based rail operator SCT Transport AB will commence a new container rail shuttle between the Port of Gothenburg and Katrineholm.
Legislation to expand the scope and authority of the STB, the federal regulatory body responsible for economic oversight of the nation’s freight rail system, now goes to the president’s desk for approval.
Canadian Pacific shareholder and activist investor Bill Ackman of Pershing Square Capital Management said the rival railway’s resistance to CP’s takeover bid is “reasonably likely” to result in a proxy battle.
The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration announced the adoption of a final rule requiring the use of ELDs across the trucking and bus industries.
Industry associations are urging environmental leaders at the COP21 climate talks in Paris to reinstate language surrounding the shipping and aviation industries to the draft agreement, saying regulations should be done through the IMO.
Management at the top-5 freight brokerage told Stifel that the complexity of the truckload market will make it difficult for Uber-like platforms to disrupt the freight brokerage market.
Cargo vessels calling ports along the Great Lakes-Seaway system are scrambling to finish their pick-ups and deliveries before the St. Lawrence Seaway, which connects the Atlantic to the Great Lakes, closes Dec. 30 for the winter.
The Jacksonville, Fla.-based Class I railroad will switch from the New York Stock Exchange to Nasdaq’s Global Select Market to align with where trading activity is already taking place.
The two airlines plan to expand their partnership to include cargo cooperation on routes between the United States and Europe.
The Chengdu-Europe express railway service, which opened in April 2013, is expected to bring cars from Germany to China in the future.
U.S. Chamber of Commerce names executive director of transportation infrastructure, while Intelligrated appoints general director of China operations.
A deal that would combine China’s two largest container shipping companies could come as soon as Friday, according to multiple media reports.
Shippers attending the Informa Cargo Logistics America conference in San Diego last week expressed concerns about new container weight regulations and the need for better port productivity in the United States.
