The worldwide fleet grew at its slowest annual rate in over a decade in 2014, according to an annual study performed by the United Nations Conference on Trade and Development (UNCTAD).
The trucking and logistics company posted $32.1 million in net income on revenues of $534.4 million in the third quarter of 2015.
The German ocean carrier’s initial public offering valuation is affected by the underperforming container shipping market and underplays the company’s operational strength, according to the maritime consultant’s equity research division.
WorldBridge Logistics will use CargoSphere’s rate management platform and sharing tool Rate Mesh to quote more quickly and accurately across its network and global agent partners.
The seasonally adjusted For-Hire Truck Tonnage Index for September 2015 equaled 135.1, a year-over-year increase of 3.1 percent, according to the American Trucking Associations.
Saverco NV will attempt to buy the majority of remaining outstanding shares and privatize longtime Belgian vessel and cargo aircraft operator CMB.
The Danish ocean carrier added 12,900 PrimeLINE container refrigeration units to its fleet, the largest order ever placed for the units, according to Carrier Transicold.
The United Kingdom port will officially open its new food examination facilities Oct. 29.
The National Transportation Safety Board issued an update on its ongoing investigation into the sinking of the TOTE Maritime Puerto Rico cargo vessel.
The airline has appointed Senior Vice President and General Counsel Brett Hart acting chief executive officer while current CEO Oscar Munoz is on medical leave recovering from the heart attack he suffered last week.
The network will allow the Northwest Seaport Alliance of Seattle and Tacoma to better compete with other U.S. West Coast ports, Port of Seattle Commission Co-President Courtney Gregoire said in a statement.
Canadian National Railway and Canadian Pacific Railway are cutting rates by as much as 25 percent in an effort to entice shippers as crude oil prices continue to plummet, according to reports from Reuters.
Container carriers are getting better at keeping to their posted schedules, according to the London-based consulting firm, as reliability hit a peak of 79.9 percent in September, but Drewry still expects results to fall over the next few months.
The Port Authority of New York and New Jersey will use a $2 million federal Congestion Mitigation and Air Quality Improvement grant to help truckers cover up to 50 percent of the replacement truck’s cost.
Year-to-date container volumes are up 5 percent compared to the same period last year at the Northwest Seaport Alliance of Seattle and Tacoma.
After the sale, Mckinney will focus exclusively on its core business of semi-trailer renting and leasing, according to a statement from the company.
The freight forwarding and logistics company reported consolidated profits of 24 million Swiss francs on revenues of 1.5 billion Swiss francs in the third quarter.
The Florida Gulf Coast port handed 25,778 TEUs for the fiscal year ended Sept. 30, an increase of 83 percent from the preceding 12-month period.
The terminal operator concluded a contract for the delivery of six electric powered ship-to-shore cranes and 29 electric-powered rubber tire gantry cranes for its deep water terminal currently under construction at the Puerto Limón/Moín port complex.
The French Mediterranean port handled 60.9 million tons of cargo during the first nine months of 2015, a year-over-year increase of 4 percent.
