Transportation stocks rebound after rough week
The Dow Jones Transportation Average closed at $8,058.30 on Tuesday, after falling 4.4 percent over the course of last week.
The Dow Jones Transportation Average closed at $8,058.30 on Tuesday, after falling 4.4 percent over the course of last week.
Cargo volumes at Hong Kong International Airport rose 2 percent year-over-year in October to 392,000 tons.
Russian all-cargo carrier expands capacity with new Boeing planes to meet customer demand.
The technology company driving broader usage of API connections between shippers and their carriers is offering carriers free checks on their ability to rate and track shipments.
Legislators had hoped to pass a multi-year bill by Thanksgiving, but instead opted for a measure to extend federal transportation spending through Dec. 4 to avoid a funding shutdown when the current three-week authorization expires Friday.
Under strategic plan, the Mobile, Ala.-based company will focus on Jones Act shipping, pure car-truck carriers, and its rail ferry between the United States and Mexico.
New report from shipping consultancy forecasts rising insurance, fuel, repair and maintenance costs in 2016 and 2017, after costs fell in 2015 amid a weak commodities market.
The Japanese liner carrier says it is purchasing 5,000 refrigerated containers to take advantage of the growing temperature-controlled ocean transportation market.
KN FreightNet, which allows users to quickly obtain quotes and place bookings, became available to Kuehne + Nagel’s Seafreight less-than-container-load segment.
The third-party logistics provider won a three-year contract to provide BMI Healthcare with distribution and warehousing services throughout the United Kingdom.
The less-than-truckload carrier opened a new service center in Grayling, Mich. yesterday to replace its smaller service center in Kalkaska, Mich.
The Slovenian port ordered the cranes as part of an investment to reach an annual throughput of 1.3 million TEUs at its container terminal by 2020.
The Canadian port and City of Port Moody formed a partnership to establish an anchorage area to resolve issues related to abandoned and illegally anchored vessels in Port Moody Inlet.
Port Freeport’s CEO will retire, while National Interstate appoints a new president.
NTSB says the Navy was unable to locate ship’s mast and its base where voyage data recorder was mounted.
Congress has until the end of the week to reconcile respective long-term federal transportation and infrastructure spending bills from the House and Senate and prevent a shutdown of highway funding.
Throughput results so far this year at the San Pedro Bay ports of Los Angeles and Long Beach appear to be diverging, possibly due to an ongoing restructuring of carrier service schedules.
A permit application to Army Corps of Engineers for a new terminal, which would be located in S.C. just down river from the Port of Savannah, and channel modification study is expected at the end of the fiscal 2015 year.
Under the Foreign Supplier Verification Program, importers must verify foreign suppliers are producing food in a manner consistent with U.S. safety standards and they are achieving the same level of food safety as domestic farms and food factories.
The Port of Savannah continued to see steady growth in container volumes during the month of October, with throughput up 3 percent to 321,094 TEUs compared with the same month in 2014.