The South Korean shipping conglomerate has already reached a deal with Zodiac Marine, according to shipping publications Lloyd’s List and Tradewinds.
Rail theft has emerged as a more prevalent problem in Mexico, primarily in the states of Guanajuato and Querétaro, while fuel theft across the nation has also increased.
The Japanese ocean carrier exceeded its goal of a 10 percent reduction in its carbon dioxide emission rate per unit of transportation from ships by fiscal 2015, according to a statement from the company.
The United States experienced a 30 percent year-over-year drop in steel import volumes in April to 2.46 million net tons.
Ocean carriers CMA CGM of France, Germany’s Hapag-Lloyd and MOL of Japan announced upcoming general rate increases, while this past Friday, the Shanghai Containerized Freight Index rose 1.9 percent from a week prior to a reading of 588.59.
Port of Seattle picks head of environment and the Port of Brownsville elects chairman, while K+N names global head of air freight and IATA appoints chairman.
The derailment of a Union Pacific freight train on Friday, which burst into flames and spilled crude oil into the Columbia River near Mosier, Ore., was likely caused by track failure, UP spokesperson Raquel Espinoza said Sunday.
Announcements by terminal operators in Oakland and Los Angeles/Long Beach are “positive steps toward achieving the flexibility of compliance” with the new SOLAS verified gross mass rule, says Federal Maritime Commission Chairman Mario Cordero.
A combination of businesses between United Arab Shipping Co., which is jointly owned by the governments of six wealthy Middle Eastern nations, and Hapag-Lloyd of Germany has “strategic value,” and talks will continue, the ocean carrier said in a statement.
As a result of a 7-to-1 share reduction for Hyundai Elevator, Hyundai Global and Hyundai Group Chairman Hyun Jeon-Eun, the Korea Development Bank will become the largest shareholder of struggling South Korean ocean carrier Hyundai Merchant Marine.
Amazon.com CEO Jeff Bezos said in an interview at Recode’s 2016 Code Conference traditional parcel couriers like the U.S. Postal Service and UPS simply can’t provide all the last mile capacity the company needs, especially during peak shipping times.
Combined United States carload and intermodal cargo volumes fell 6.8 percent in May compared with May 2015 and 7.6 percent for the first five months of 2016, according to data from the Association of American Railroads.
Net orders for North American Class 8 trucks in May grew 4 percent from April, but were still down 30 percent compared with May 2015, according to preliminary data from freight forecaster FTR Transportation Intelligence.
Under the three-year deal with global aluminum manufacturer RUSAL, annual cargo volumes could reach 10,000 TEUs, according to Danish ocean carrier Maersk Line.
Continued weighing at port facilities might provide a convenient way for exporters to comply with the upcoming International Maritime Organization verified gross mass container weight regulations due to go into effect at the beginning of next month.
The Green Bay, Wis.-based trucking and logistics firm announced the acquisitions of Watkins & Shepard and Lodeso, which both specialize in the delivery of difficult-to-handle goods such as furniture and carpet.
The parcel giant announced today that after the official post-closing acceptance period, FedEx owns 98.45 percent of all TNT Express stock and will commence a statutory buy-out for the remaining shares in third quarter 2016.
A total of 21 families of crew members from the ill-fated cargo vessel, which sank near Crooked Island, Bahamas Oct. 1 after sailing into the path of Hurricane Joaquin, have now accepted financial settlements with operator TOTE Maritime.
Drivers are striking four companies doing business in and around the ports of Los Angeles and Long Beach, claiming they are being misclassified as independent contractors instead of employees.
Hindered by weak world trade and increasing capacity, demand for air cargo remains soft, lagging behind “relatively robust” growth on the passenger side, according to the International Air Transport Association.
