The railway will also run longer trains in an attempt to control costs as weak volumes are expected to continue falling going into the fourth quarter.
Imports to the second largest economy in the world dropped 17.7 percent in September compared to the same month a year ago and have now fallen for 11 consecutive months.
The ocean carrier, which expects to purchase SeaFreight “on or about October 31,” asked the Federal Maritime Commission for an exemption to regulatory rules that would simplify the transfer of about 500 service contracts once the deal is completed.
The mid-Atlantic port is on pace to blow past last year’s annual high for container volumes, according to the most recent data from the Maryland Port Administration.
SMC³, a less-than-truckload pricing and transit technology provider, will add truckload and LTL cost modeling provider Transportation Costing Group to its portfolio.
The Port of Rotterdam posted a cargo throughput of 351.5 million tons for the first nine months of 2015, a year-over-year increase of 5.4 percent, driven primarily by the increase in the handling of crude oil and oil products.
Total operating revenues dipped slightly at the trucking and logistics provider as fuel surcharge revenues fell and customer demand remained “tepid,” according to J.B. Hunt’s most recent financial statements.
A total of 22 million metric tons of cargo have been shipped through the St. Lawrence Seaway between its opening April 2 and Sept. 30, a year-over-year drop of 12 percent.
The port handled less cargo in September than in August, the result of the depletion of stocks for some agricultural commodities that are typically shipped through the port, lower demand from international markets, and less demand for steel and pipe.
Industrial real estate developer Hillwood Properties started a multi-year project to extend two runways and taxiway at the north end of the Fort Worth Alliance Airport in northeast Texas.
The Chattanooga, Tenn.-based logistics solutions provider opened a 300,000-square-foot distribution center in Kalamazoo, Mich.
The international freight forwarding and supply chain management solutions provider opened a freight forwarding branch in Munich, which became fully operational today, and will open a branch in Nuremberg, which will become operational Oct. 30.
The Suddath Cos.’s CFO retires, while Mersey Maritime names new CEO.
The former NOL chief told the TPM Asia conference he expects transpacific rates to continue to drop in 2016. and carriers need to cooperate on landside operations to overcome structural challenges and low rates in the industry.
The acquisition of Docdata’s order fulfillment, returns logistics and online payment services will complement Ingram Micro’s existing business.
Containers without a verified weight will not be loaded onto container vessels from July 1, 2016, according to the U.K. Freight Transport Association.
Wilhelmsen Ships Service warned shippers and carriers that counterfeit products for reefer containers could contain a “dangerously unstable cocktail of gases.”
Group of 7 ministers meeting in Berlin Tuesday issued a declaration outlining specific actions to promote worker rights, improve working conditions and employ environmental protections in global supply chains.
The railway reiterated its full-year earnings per share guidance despite expectations that coal volumes could drop as much as 10 percent in 2015, leading to a $450 million impact on revenues.
September marked the seventh straight month in which box volumes exceeded 210,000 TEUs as the mid-Atlantic port continued to receive a portion of cargoes shippers have diverted from West Coast gateways to avoid congestion issues.
