T.J. England, the chief legal officer for Salt Lake City-based trucking carrier C.R. England, said it intends to immediately appeal the decision.
As many as 100 more Panamax vessels – containerships with a capacity of 4,000-5,000 TEUs – need to be scrapped before owners see any significant increase in demand and charter rates, according to the latest weekly report from industry analyst Alphaliner.
BlueWater Reporting has illustrated how ocean carrier alliances have taken over the Asia-Europe and transpacific trades over the years, as independent carriers have all but disappeared from these trades.
The Northwest Seaport Alliance handled 3.6 million TEUs for the full year in 2016, a 2 percent increase from the previous year and the highest throughput for the ports since 2007, according to recent data from the port authority.
The e-commerce giant will build a new centralized airfreight hub at the Cincinnati/Northern Kentucky Airport (CVG) in Hebron, Ky. to support its growing fleet of Prime Air cargo planes, the company said in a statement.
Meanwhile, Landstar System, Inc.’s board of directors declared a quarterly dividend of $0.09 per share payable March 17, 2017 to stockholders of record at the close of business on Feb. 20, 2017.
The Canadian labor union said its 800 members will be in a legal strike position as of Feb. 6 at 12:01 a.m. eastern time.
The U.S. Senate on Tuesday confirmed presidential nominee Elaine Chao, a former deputy secretary of transportation and secretary of labor, as secretary of the Department of Transportation by a vote of 93-6.
Despite surpassing analyst projections, C.H. Robinson’s earnings per share for the quarter were still lower than in Q4 2015, but revenues increased 6.4 percent year-over-year due to volumes growth across all services.
Danish shipping conglomerate A.P. Møller-Maersk A.S. is considering divesting its oil and gas assets in Brazil following the company’s decision last fall to split into two separate divisions, one focusing on transportation and the other on energy.
France’s Total, the world’s fourth largest oil and gas company, will become a multi-fuel supplier for CMA CGM.
The Vancouver Fraser Port Authority has added new incentive criteria to its existing EcoAction program to include harbor due rate discounts for quieter vessels, making Canada the first country to offer a marine noise reduction incentive.
Logistics services provider OIA Global has acquired Union, N.J.-based freight forwarder American Cargo Express, with the expectation of increasing its presence in the Canadian market.
Although reported cargo thefts in California drastically increased from 2015 to 2016, logged incidents in Georgia were on the decline.
American Roll-on Roll-off Carrier Group has brought the vessel Liberty into the American registry, making it the eighth U.S.-flag roll-on/roll-off ship in its fleet.
USA Truck names new chief executive officer and chief commercial officer, while Hansa Heavy Lift appoints managing directors and FourKites hires chief revenue officer.
Bond rating agency Moody’s Investors Services said the sale of Hanjin’s interest in Pier T, which accounts for 30 percent of the port’s revenue, is “credit positive.”
An internal investigation into roll-up transportation and logistics provider Roadrunner Transportation Systems’ financial reports has concluded that its 10-K SEC statements dating back to 2014 overstated earnings by between $20 million and $25 million.
The Atlanta, Ga.-based parcel giant and logistics provider reported a net loss of $239 million for the quarter compared with a $1.33 billion net profit in the same 2015 period due primarily to a non-cash, after-tax, mark-to-market pension charge.
While the U.S. merchant marine has dramatically shrunk since World War II, mutual insurer American Club has adapted by expanding overseas.
