The new hybrid vehicles are 10 to 15 percent more fuel efficient than previous hybrid designs and offer four times the fuel economy of a gasoline-powered vehicle.
Experts say farmers will try to sit on their inventories longer because of low prices, but if they decide to sell, railroads have the space to carry their loads.
Shares of the two state-owned Chinese ocean carriers have been frozen in Hong Kong for nearly a month now.
“There have been no reports of vessels with confirmed hazardous ash, debris or residues onboard,” according to a bulletin from the United States Coast Guard.
The terminal operator reached an agreement with Perez y Cia to acquire its majority stake in Grup Maritim TCB and its 11 container terminals, expanding APMT’s terminal network to 74 operating facilities.
Troy Cooper will replace Hervé Montjotin as chief executive officer and chairman of XPO Logistics Europe, according to a statement from the recently acquired Norbert Dentressangle.
Data from shipment management software provider CargoSmart found that Hong Kong’s average vessel delays and berthing times were shorter than those at Singapore and Shanghai.
DP World, Hutchison Port Holdings Limited, APM Terminals, PSA International, Shanghai International Port Group and Port of Rotterdam Authority have joined forces on the “Go Green” program to promote environmental awareness.
Ocean carrier UASC will purchase slots on portions of the EURAF1 and the EURAF4 loops between the Mediterranean and West Africa starting next week.
CARU Containers and private investment firm Transportation Capital Group announced the formation of CARU Specialized Leasing Pte Ltd., a new joint venture that will focus on non-commoditized containers.
National Retail Systems will use converted drayage tractors to pull containers from the port to its container yard, with the ability to move containers to L.A.-area IKEA stores in the next phase.
The technology provider is aiming to provide shippers with a Kayak.com-like platform to procure capacity and track shipments for truck freight transportation.
The software provider’s new application is intended to help carriers and agencies with capacity planning, bunker consumption, and scheduled location versus actual location.
Ocean carriers Maersk Line, CMA CGM, CSCL, Hanjin, Yang Ming, “K” Line, MOL, Hamburg Sud and UASC issued general rate increases.
CEVA appoints new Australia/New Zealand managing director, while Cathay Pacific Airways names executive director.
A Commerce Department advisory committee is poised to ask for quicker mediation response in wake of the West Coast port slowdown that took place less than a year ago.
Saverco NV, a controlling shareholder of Antwerp-based cargo ship and aircraft lessor CMB, will seek to purchase all outstanding shares of CMB.
Rates from Shanghai to Northwest Europe and the Mediterranean have increased dramatically in the past two weeks, but rates from Shanghai to the United States have fallen three weeks in a row.
Weak trade has limited growth opportunities for airfreight carriers, but trade is expected to improve in the second half of the year, according to the International Air Transport Association.
The U.S. Coast Guard closed part of the Mississippi River Thursday after a collision between two ships caused oil to leak into the water.
