The European Parliament and European Union member states agreed on a revision of the EU’s Emissions Trading System that, for the time being, excludes shipping.
The Seattle-based global logistics company posted net earnings of $120.6 million for the third quarter of 2017 amid higher revenues and volumes.
ECU Worldwide and QTerminals each name new chief executive officer.
The automated car subsidiary of Google parent Alphabet Inc. started testing a fleet of self-driving vehicles on public roads in Phoenix last month without anyone behind the wheel.
After a record-setting year, although import volumes at major container ports across the U.S. are not expected to decline in 2018, the rate of import growth is likely to slow considerably, according to the latest Global Port Tracker report.
Now North America’s largest provider of truckload services, Knight-Swift Transportation Holdings recorded a net income of $4.2 million on revenues of $521.6 million for the quarter, according to the newly merged firm’s most recent financial statements.
Spot container rates from Shanghai to Europe declined 6.5 percent since last Friday, while rates from Shanghai to the Mediterranean fell 6.2 percent, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
South Korea’s largest ocean carrier recorded a net loss of 60.3 billion South Korean won (U.S. $54 million) for the third quarter of 2017.
FedEx Express is making a firm purchase of 30 ATR 72-600F aircraft, with options to buy up to 20 additional ATR 72-600Fs.
The U.S. Federal Maritime Commission voted to move forward with issuing a notice of proposed rulemaking in the Federal Register calling for industry feedback into simplifying the agency’s rules and procedures for NSAs and NRAs.
U.S. Commerce Secretary Wilbur Ross found himself on the hot seat this weekend when leaked papers revealed that a Russian businessman on the U.S. sanctions list has ownership in a customer of Navigator Holdings, a company in Ross’s investment portfolio.
The Bonn, Germany-based parcel carrier and logistics provider recorded net profits of 669 million euros (U.S. $777.6 million) on group revenues of 14.6 billion euros for the quarter, according to the company’s most recent financial statements.
The Taiwanese ocean carrier also unveiled expansion plans in Southeast Asia and the Mediterranean amid an 11.1 percent percent year-over-year gain in transport volumes to 1.24 million TEUs for the third quarter.
Only 27 percent of shippers and 42 percent of service providers have an in-house data science team, which can limit the effectiveness of analytics initiatives, according to the latest Supply Chain Analytics Benchmark Study from American Shipper.
Navis appoints general manager for Europe, the Middle East and Africa; and OmniTRAX names executive vice president, industrial development group.
The National Customs Brokers and Forwarders Association of America (NCBFAA) is asking Capitol Hill lawmakers to renew a trade preference program that allows for duty-free imports of certain goods into the United States before its year-end expiration.
U.S. Customs and Border Protection has stepped up its industry outreach to ensure that the country’s importers aren’t running afoul of legislation that prevents the importation of merchandise made by North Korean nationals under force.
Pacific International Lines’ (PIL) two new 11,800-TEU vessels, the Kota Pahlawan and the Kota Panjang, are replacing the carrier’s 8,531-TEU Navarino and 8,241-TEU YM Uniform on its AC5 service between Asia and the U.S.
Global port terminal operator International Container Terminal Services’ (ICTSI) net income totaled $45.7 million for the quarter, a 16 percent drop from the third quarter of 2016, according to the company’s most recent financial statements.
The Maritime and Port Authority of Singapore has rescinded the bunker supplier and bunker craft operator licenses of Transocean Oil Pte Ltd, MPA Singapore said in a statement Monday.
