It’s long been said it’s the quiet ones that you have to watch out for. In the global logistics industry, Warburg Pincus may best fit this description. The private equity firm and its senior management—which includes Timothy Geithner, former U.S. treasurer and head of the Federal Reserve Bank of New York, as its […]
On the last day of July, the European Commission officially hit the pause button on FedEx’s proposed $4.8 billion acquisition of TNT Express, deciding collectively to take a longer look at the merger and what it might mean for European shippers and customers sending air freight to the continent. The integrator expects the […]
If you’re in the transportation industry, it’s likely that you travel a lot. So think back to the last few times you booked your travel plans, and then think about how many times those booking actions involved using a web-based system in which you literally talked to zero human beings. Using Internet-based […]
In a decision having to do with the theft of a cosmetic shipment (Blinc, Inc. v. AZ Miami Corp. U.S. District Court, S.D. Florida. No. 14–23998. June 30.), a federal judge agreed with a request by the plaintiff to remand a case back to state court. On April 5, 2014, a shipment of […]
Of course, one of the great benefits of container shipping is that a shipment can be placed on a chassis and trucked nearly anywhere. But problems quickly arise if you want to remove the container from a chassis and don’t have a toplifter, crane or other piece of equipment to do so. […]
In August, Hapag-Lloyd announced it had placed its largest order ever for refrigerated containers—6,000 units, in fact. The company said the order will enable it to “benefit from increasing transport volumes not just on east-west trades, but also on north-south and Latin American trades,” and follows its order in April for five10,500-TEU ships […]
The independent containership owner and manager signed a Framework Cooperation Agreement with the Export-Import Bank of China for up to $1 billion in export credit facilities.
General Electric is bidding on $11 billion in power projects that received a line of credit from the French export credit agency and may result in more than 500 U.S. jobs going overseas.
Spot container rates on major trades between Asia and Europe and the United States as measured by the Shanghai Containerized Freight Index fell 7.5 percent from last week to a reading of 622.60.
Spot rates as measured by the Shanghai Containerized Freight Index dropped 10.9 percent this week after falling 10.7 percent the previous week.
According to BlueWater Reporting’s Port Dashboard Tool two services currently connect Laem Chabang and Africa, meaning CMA CGM’s ASEA loop will become the third once it adds a call there in October.
The North American Chassis Pool Cooperative currently offers more than 8,500 chassis in three contributory gray pools: MCCP, COCP and SACP.
Jobs directly associated with port activity have increased more than 13 percent between 2012 and 2014, according to an economic impact study of the Port of New York and New Jersey.
The Southern California port laid out an ambition goal to move 35 percent of containers to and from its terminals by rail by the end of this decade.
The French ocean carrier and its subsidiary Delmas will become slot purchasers on the joint Yang Ming, COSCO, Evergreen Line and “K” Line TAE service between North Europe and the United States East Coast in October.
The Northwest Seaport Alliance, comprised of the Ports of Seattle and Tacoma, said the August increase bodes well for the peak shipping season.
Global cargo thefts are increasing at an “alarming” rate and are no longer limited to high-value goods, according to the International Union of Marine Insurance.
Commerce found dumping and countervailable subsidies with Mexican sugar imports, but its hands remain tied by existing sugar trade agreements between U.S. and Mexico.
The ocean carriers, which offer liner service to Puerto Rico and Alaska, will henceforth be known as TOTE Maritime, according to a statement from the companies.
The sluggish iron ore trade in August resulted from high levels of steel imports, and repairs for three 1,000-foot lakers during the month.
