Liner carriers APL and Cheng Lie Navigation (CNC Line) will launch the Korea China Straits (KCS) service on Nov. 18, which will deploy five Panamax vessels.
Sections of the long-haul and drayage trucking communities are still unprepared for implementation of the fast approaching federal mandate to install electronic logging devices (ELDs) on all commercial trucks and buses by Dec. 18, 2017.
The Swiss-based freight forwarder recorded a consolidated profit of CHF 48.4 million (U.S. $49.6 million) and net forwarding revenues of CHF 4.1 billion during the first nine months of 2017, up 4.1 percent and 5.2 percent year-over-year, respectively.
The Class I railway has discontinued various direct lanes for intermodal freight that originated or terminated in Columbus, Ohio and Detroit, Mich. as part of its transition to new CEO Hunter Harrison’s precision scheduled railroading model.
The Southwest Washington state port has entered into an agreement to lease its Bridgeview Terminal to Philadelphia-based commodities distributor International Raw Materials, which plans to to make Longview it flagship facility for dry-bulk cargo exports.
E. Hunter Harrison, president and chief executive officer of CSX, said the Jacksonville, Fla.-based Class I railway’s results for the quarter reflected “the resiliency of precision scheduled railroading.”
Class I railway Canadian Pacific’s (CP) net income for the quarter surged 47 percent year-over-year to $510 million Canadian (U.S. $408 million) amid higher revenues and volumes, according to the company’s most recent financial statements.
A new deep-water port will be constructed in Anaklia, Georgia, located along the eastern Black Sea, according to the Anaklia Development Consortium.
Ports along the St. Lawrence Seaway handled 24.3 million metric tons of cargo between March 20 and Sept. 30, an increase of nearly 3 million metric tons over the same period last year, spurred by strong growth in iron ore shipments.
DB Cargo AG CEO to resign at the end of October; LOC Group appoints CEO and group deputy chairman; and KCS names vice president, health, safety and environmental.
South Korean ocean carrier Hyundai Merchant Marine (HMM) will offer 120 million new shares at 5,780 won each, according to a report from the Korea Times.
South Carolina Ports Authority handled 539,995 TEUs during the first quarter of its 2018 fiscal year, which ran from July 1 through Sept. 30, up nearly 4 percent year-over-year.
BBC Chartering and Jumbo, two of the world’s largest heavy-lift vessel fleet operators, have entered into an alliance that will allow the companies to jointly bid for shipper’s cargoes.
The industrial real estate development and management firm began construction on the CenterPoint Logistics Center-O’Hare on the southern edge of Chicago’s O’Hare industrial submarket.
Cargo demand between Asia and the Mediterranean grew 5.7 percent for the first eight months of the year, which has encouraged carriers to deploy larger ships on the trade, according to London-based maritime consultant Drewry.
The North American bulk liquid storage and logistics services provider secured 339 acres of deep-water access property on the Houston Ship Channel to build the automated terminal facility.
The Swiss-based third-party logistics provider saw earnings and net turnover increase year-over-year for the third quarter and for the first nine months of 2017.
Chicago-based freight visibility software provider FourKites has integrated with RevenovaTMS to extend its real-time tracking offering to Revenova’s customers.
The Port of Seattle names managing director, maritime division; and GE appoints new chief executive officer of GE Transportation.
Meanwhile, ExxonMobil recently released a survey illustrating how the route to compliance with the International Maritime Organization’s 2020 limit on the amount of sulfur allowable in marine fuel is still unclear for many vessel operators.
