The Shanghai Containerized Freight Index rose 9.8 percent since last week to a reading of 577.81, as rates from Shanghai to both Northwest Europe and the Mediterranean jumped 36.6 percent and 21.8 percent, respectively.
Representatives from Chanel Fragrances and Beauté, Ericsson, Sandvik Machining Solutions, Marine Harvest RMT and Teva Pharmaceutical Industries have joined the association’s Shipper Advisory Committee.
The Commerce Department this week said it will impose antidumping and countervailing duties on imports of corrosion-resistant steel products from China, India, Italy and South Korea, as result of its investigations.
The retail ready packaging company’s newest logistics and distribution center in Dublin, Ga. will create 110 new jobs in the region, according to a statement from Gov. Nathan Deal.
The inland river port handled 180,328 tons of waterborne cargo in April, a 23 percent year-over-year increase, the port said.
Federal Maritime Commission Chairman Mario Cordero said one of the items that has been on his agenda since becoming chairman in 2013 is to have a better funded and better resourced Federal Maritime Commission.
The Israeli ocean carrier experienced a net loss of $56 million in the first quarter of 2016, compared to profit of $12 million in the first quarter of 2015.
The Danish ocean carrier will commence its AC1 service at the end of June, connecting Asia with the West Coast of Latin America.
The Pharma Aero alliance, unveiled at the TIACA Executive Summit in Hollywood, Fla. yesterday, aims to build a network of international cargo hubs dedicated to growing the $300 billion pharmaceutical industry.
American Airlines Cargo is expanding its presence in Africa by hiring its first general sales agent on the continent.
The third-party logistics provider opened a logistics center in Dubai Logistics City, featuring a warehouse space of 7,200 square meters.
Kerry Logistics appoints managing director for the Benelux countries, while the Glasgow Prestwick Airport names permanent CEO.
FedEx Corp. completed its $4.9 billion acquisition of TNT Express and will start integrating the European company into its network immediately.
The French ocean carrier received confirmation today for its estimated $2.4 billion acquisition of Neptune Orient Lines and its APL container shipping subsidiary by the Anti-monopoly Bureau of the Chinese Ministry of Commerce.
The seasonally adjusted For-Hire Truck Tonnage Index equaled 134.8 for the month, down another 2.1 percent from March and 2 percent compared with April 2015, according to the American Trucking Associations.
The Russian cargo airline launched its new Houston-Abu Dhabi freight service this week.
The third-party logistics provider has partnered with Jinbei Automotive to build a 42,000-square-meter facility in the Shenyang Tiexi district of northeast China, the DB Schenker’s second largest logistics center in the country.
The French ocean carrier received confirmation today for its estimated $2.4 billion acquisition of Neptune Orient Lines and its APL container shipping subsidiary by the Anti-monopoly Bureau of the Chinese Ministry of Commerce.
South Korean ocean carrier Hanjin asked Seaspan and others for a reduction in existing charter rates for a period of three and a half years in exchange for securities in a restructured Hanjin.
2016 promises to be one of the busiest years in the history of ship recycling, said Anil Sharma, the president and chief executive officer of GMS Inc. Shipbreakers are busy, he said, because there is simultaneous weakness in demand in three separate sectors–dry-bulk shipping, container shipping, and the oil industry where there is […]
