A two-page proposal that will be considered in June could postpone the release of a final World Customs Organization framework for another year.
SeaIntel says if charter rates for feeders increase, the pricing spread between services calling direct port-port pairs and transhipment products could widen.
The bureau received 53 formal comments in response to an advance notice of proposed rulemaking for transactions in which a foreign buyer contracts with a U.S. agent to facilitate exports from the United States.
The cooperative effort allows the two carriers to manage sales and bookings for standard and express shipments between Europe and the U.S.
Stock in the third-party logistics provider began trading on the SIX Swiss Exchange on Friday at an initial price of 27.50 Swiss francs per share.
The London-based containership owner and operator has extended an order for five 11,000-TEU vessels from Hyundai Heavy Industries with an additional four 14,000-TEU ships.
The world’s second-largest container carrier has signed a 30-year concession agreement with Abu Dhabi Ports.
According to the latest Cass Freight Index Report, the continued growth of shipments “is yet another data point confirming that the strength in the U.S. economy continues to accelerate.”
Port of Los Angeles says reforms are a “step in the right direction.”
Shipping lines need to reach agreements with GE Transportation in order for the PierPass 2.0 program to move ahead.
The LTL holding company recorded a net loss of $14.6 million, compared to $25.3 million last year.
The Hong Kong-based containership lessor reported a net profit of $67 million for the quarter as revenues rose 11.7 percent to $244 million compared with the same 2017 period.
The aircraft manufacturing giant will acquire KLX in a deal valued at $4.25 billion.
The $69.3 million deal includes 16 pressure barges with an aggregate capacity of about 258,000 barrels.
The strong growth came despite a slight year-over-year decline in transport volumes.
Transportation and logistics companies added another 400 jobs during the month following three consecutive monthly gains, according to recent preliminary data from the U.S. Department of Labor.
Total U.S. freight rail shipments climbed another 5.1 percent for the month following year-over-year gains of 5 percent in March and 3.3 percent in February.
New Jersey governor sets up task force; California Supreme Court revises test for determining if a worker is an independent contractor.
Commissioner asks for documentation as the FMC considers restricting ocean carriers’ ability to assess detention, demurrage and per diem fees.
CEO Bradley Jacobs reports “healthy” diversification of customer verticals and service lines, continued growth in e-commerce demand and a record $972 million in new business secured in the first quarter.
