The reduction, which began in April, is scheduled to last for six months to “clarify our management stance towards recovery of our business performance,” the company said.
Old Dominion has made a commitment to donate up to $250,000 to the American Red Cross Disaster Relief fund.
Purchase of Pescara, Italy-based Dema Services marks the second European-focused acquisition made by C.H. Robinson this year.
The subcommittee favorably reported to the full Appropriations Committee its fiscal year 2020 funding bill, which includes $1.1 billion for the Maritime Administration.
Shippers tell Surface Transportation Board they’re unfairly charged for unrealistic cargo equipment deadlines established by the Class I railroads’ network changes.
Tracy Rosser is brought on board in U.S., Thorsten Neumann is hired to lead in Europe, Middle East and Africa, and Neil Cooper is tapped to help grow Canadian company.
This article brought to you courtesy of NEXT Trucking Intermodal and drayage carriers are seeing a drop in demand about midway through the second quarter. The U.S.-China trade war gets most of the blame, but it might be more complicated than that. After 2018’s rush to get containerized goods off of U.S. ports and into […]
A crew sailing off the coast of Singapore had a close encounter with pirates late last week, according to a new report from ReCAAP, the south east Asian anti-piracy center. A tug-and-barge was heading westbound about five miles southwest-by-west off the coast of Singapore on Sunday. That’s in the narrow strait between Singapore and Malaysia […]
As a major owner of Capesize bulkers, Golden Ocean is heavily exposed to events in Brazil.
The legislation, which was enacted into law on Dec. 4, set further restrictions on cooperation between ocean carriers and marine terminals.
“We do see visibility as the key opportunity to mitigate risk and avoid unnecessary costs and charges that can come into play.”
The industry generates nearly $10 billion for the Pacific Northwest economy, according to a Transportation Institute study conducted by PricewaterhouseCoopers.
The U.S. moved into second place among the port’s top container traffic trading partners with 121,000 TEUs.
The sixth draft reduction of the year now is scheduled for June 12 instead of Tuesday.
Cooperation with Maersk and MSC is expected to reduce costs and improve service.
Leiv Kallestad, Ken Loke, Markus Hoffmann and Doug Frakes are hired and Joe Bielawski is promoted.
Current International Maritime Organization policies are not sufficiently stringent to meet mounting climate change concerns.
The U.S.-China trade talks throw another curveball at shippers and leave no time to move containers ahead of new tariffs. Market experts see no quick relief at hand, and the weak rates are the set-up for service cuts by the ocean carriers in the coming weeks. As reported in FreightWaves, the Freightos Baltic Index for […]
The Saudi customs has successfully piloted its first shipment through TradeLens, a blockchain-based platform developed collaboratively by Maersk and IBM.
South Korean ocean carrier HMM may have a shiny new corporate identity but its first quarter results were written in the same dreadful red ink as last year. Although the ocean carrier generated large increases in revenues, its costs surged, which led to large losses in the first three months of 2019.
