Despite Class I railroads thriving financially in 2017, just last month, the Surface Transportation Board cracked down on the railroads over deteriorating service after hearing from concerned shippers.
AlixPartners says carriers need to address the dual challenges of rising costs and oversupply.
The Jacksonville, Fla.-based AMPORTS has vehicle terminals and processing facilities in ports on the East and West coasts of both the United States and Mexico.
Transportation and logistics companies added 9,800 jobs in March 2018 following two consecutive monthly gains in January and February, according to recent preliminary data from the U.S. Department of Labor.
The world’s largest containership lessor named Ryan Courson chief financial officer, a 29-year old who joined the company last month as senior vice president of corporate development.
The United States increased beef, pork and lamb exports during the month in terms of volumes and value compared to February 2017.
The State Department said the agreement will strengthen commercial and economic ties between the countries.
Patriot Rail Co. has appointed a new chief commercial officer, while JAXPORT has named its director of government affairs.
The “eco-friendly mega containerships” are part of the Korean carrier’s plan to grow its fleet’s carrying capacity to 1 million TEUs.
According to the European Commission, international shipping accounts for 2 percent to 3 percent of all global greenhouse gases emissions, a number that is projected to rise along with the growing world economy.
About 2,400 sheep died from heat stress while being transported to the Middle East from Australia in August 2017, triggering an investigation by Australia’s Department of Agriculture and Water Resources, which published its findings last week.
Imports at ports tracked by the National Retail Federation’s Global Port Tracker surged 15.8 percent year-over-year to 1.69 million TEUs, but the association warned a potential tit-for-tat tariff battle with China could significantly slow cargo growth.
The U.S. Department of Commerce will impose a subsidy rate of nearly 175 percent on imports of stainless steel flanges, valued at $16.3 million in 2016.
Ship construction standards, pollution and piracy are among the agenda items to be discussed at a May 11 meeting of the State Department-led Shipping Coordinating Committee in Washington, D.C.
RK Logistics names vice president of operations, and Voga-Dnepr Group appoints vice president of sales and marketing.
The Mississippi State Port Authority has signed a letter of intent to evaluate a private-public partnership with terminal operator Yilport Holding that it says could lead to substantial investment in facility and equipment upgrades.
The newly formed joint venture company, dubbed Massterly, will offer “a complete value chain for autonomous ships, from design and development, to control systems, logistics services and vessel operations,” the firms said in a statement.
Global air freight demand rose 6.8 percent for the month, outstripping capacity growth for the 19th straight month, according to the latest data from the International Air Transport Association (IATA).
Total U.S. freight rail volumes grew another 5 percent for the month following a 3.3 percent gain in February, according to the latest data from the Association of American Railroads (AAR).
The ocean carrier’s “Eagle GO. Guaranteed Service” will be extended to the westbound transatlantic and routes from Asia to Australia/New Zealand.
