A deal for GE Capital Rail Services, which has assets valued at over $4 billion, could come by Labor Day, according to initial reports from Bloomberg Business.
The Malaysian shipping company increased group profits by over 27 percent in the first six months of the year despite a 1 percent dip in overall revenues.
Sea Star Line will begin operating the first of the two ships from Jacksonville later this year, according to a statement from TOTE Maritime.
The Seattle-based provider seafood products said highway and port infrastructure played key role in company’s decision to open a new East Coast plant.
The non-vessel operating common carrier and ocean freight consolidator launched a new less-than-container-load import service from Nhava Sheva, India to Charleston, S.C.
Port of Long Beach appoints HR director and IANA names new VP, while USA Truck adds VP for Mexico operations.
“In second half of 2015, international trade still won’t be cheerful,” CSCL said in its most recent financial statements, pointing to the massive influx of new capacity in the ocean liner industry.
Federal Maritime Commission Chairman Mario Cordero applauded efforts to fight gate congestion at the Ports of Los Angeles and Long Beach, but wants terminals to amend their agreement with the FMC.
U.S. government data shows the value of imports and exports in the North American free trade zone fell, with vessels and pipelines bearing the brunt of the downturn.
A fire broke out in a container onboard the United Arab Shipping Co. vessel Alula in the early hours of Friday morning as it arrived at Waltershof harbor, according to a statement from the city of Hamburg, Germany.
Container spot rates from Asia to Europe and the Mediterranean increased, while prices to the U.S. continued to fall.
The port also also handled a record number of container lifts at its intermodal ExpressRail yards in July, according to the latest figures from the port authority.
The regional economic forum is meeting in the Philippines to discuss joint measures to increase capabilities for the enforcement of wildlife trafficking laws.
The Antwerp, Belgium based cargo vessel and aircraft operator posted EBITA of $121 million in the first half compared with $39.9 million the previous year.
Amsterdam Airport Schiphol handled 784,567 tons in the first six months of this year, a 2.1 percent drop compared to the same period in 2014.
The airfreight carrier of Saudi Arabia’s flag airline will begin dedicated weekly cargo flights to the New York City airport starting Sept. 4.
The nation’s largest retailer began operations at the new facility in Plainfield, Ind., which has added 300 new jobs to the local economy.
Law firm Homan Fenwick Willan predicts the ban on hazardous cargo resulting from the deadly blast will have a major effect on liquid bulk volumes going forward.
An informal poll of private carriers by Stifel’s transportation group found that carriers have been able to push through contract price increases in the 4 to 8 percent range despite lower than expected demand.
CMA CGM, UASC and CSCL, members of the Ocean3 Alliance, have added vessels and increased total rotation time on its Asia-North Europe AEX7/AEC8 and Asia-Mediterranean MEX loops, according to BlueWater Reporting.
