GRI Roundup: Maersk Line and Wan Hai
Ocean carriers Maersk Line and Wan Hai issued general rate increases.
Ocean carriers Maersk Line and Wan Hai issued general rate increases.
Intelligrated picks senior director for commercial operations and Jettainer names new sales director.
A tie-up between Singapore’s Neptune Orient Lines, parent of liner company APL, and CMA CGM of France would combine the third and thirteen largest container carriers worldwide.
Deputy Administrator Manuel E. Benitez says Panama Canal Authority will have better idea in December whether the canal will open in April as now scheduled.
FMC Chairman Mario Cordero said shippers are complaining about higher PierPass costs and worsening service.
The third largest container carrier said that it has outperformed a market plagued by overcapacity and lower rates.
In addition to the overall SCFI reading, rates from Shanghai to Northwest Europe, the Mediterranean and the United States have all fallen for the past three consecutive weeks.
The index, which measures confidence in European ocean freight and air freight lanes, has declined for six consecutive months, with the Europe-to-U.S. lane the only glimmer of hope.
A half dozen former U.S. agriculture secretaries from both Republican and Democratic White Houses are urging Congress to pass the Trans-Pacific Partnership.
U.S. truck trailer net orders totaled 32,200 units in October, a 7 percent decrease from September and a 30 percent decline from the same period in 2014.
The United States exported 811,584 net tons of steel in September and 7.75 million net tons of steel during the first nine months of 2015, down 21.5 percent and 15.3 percent year-over-year, respectively.
AirBridgeCargo Airlines, a subsidiary of Volga-Dnepr Group, has added Atlanta to its North American route network with the start of twice-weekly flights.
The airport handled 409,034 tons of cargo in the third quarter of 2015, a 0.08 percent year-over-year decline.
The Netherlands-based third-party logistics provider opened a new headquarters for South America and a Center of Logistics Excellence in Sao Paulo, Brazil.
The Oklahoman inland river port saw water-borne cargo throughput rise 82 percent month-over-month in October to 170,751 tons.
The Virginia Port Authority plans to extend VIG terminal lease by several decades and the governor wants to use bonding authority to borrow $350 million for other port improvements.
Longer twin trailers are seen by many in freight transportation industry as productivity issue, but opponents claim they are unsafe.
A shorter surface transportation reauthorization bill would increase annual appropriations to a level that would allow more infrastructure projects to be completed, supporters say.
Chinese ocean carrier COSCO will join the Ocean3 Alliance’s Columbus service, which operates between Asia and North America’s east and west coasts.
The short-sea carriers commenced the Portugal and South Spain service, which operates with three, 700-TEU containerships, Oldenburg-Portugiesische Dampfschiffs-Rhederei said.