However, the growth will still be enough to add about 680,000 TEUs of capacity, resulting in the world’s container fleet surpassing the 20 million-TEU mark.
The company’s Hy-Weigh hydraulic jack system, designed to help shippers comply with new verified gross mass requirements, attaches to the four corners of a cargo container in order to weigh the box where it sits in just 10 minutes.
The Danish third-party logistics provider is emptying its bank accounts of British pounds to minimize currency risks associated with the United Kingdom’s potential exit from the European Union, according to a report from Reuters news service.
Negotiations between the HNA Group and CWT’s controlling shareholder, C & P Holdings, follows an agreement in February to acquire California’s Ingram Micro and an April announcement it would buy Gategroup Holding and Carlson Hotels.
The French sea port handled 304,664 TEUs from January to March 2016 as container throughput grew 3 percent at terminals in Fos, but dropped 27 percent at Marseille facilities.
The asset-light transportation and logistics provider began offering expedited less-than-truckload freight service from Chicago to the metropolitan areas of Los Angeles, Atlanta and Dallas.
The less-than-container-load service will receive freight in Shanghai, Dalian, Guangzhou, Hong Kong, Ningbo, Qingdao, Shenzhen, Tianjin and Xiamen.
The Chatham, N.J.-based non-vessel-operating common carrier’s new office in Sofia, Bulgaria will provide less-than-container-load and full-container-load import and export services.
INTTRA appoints new CFO, while the Coalition for America’s Gateways and Trade Corridors elects officers and the Canadian government names board member to the Halifax Port Authority.
The Railroad Emergency Services Preparedness, Operational Needs, and Safety Evaluation Act provides training and resources for emergency responders to handle potentially hazardous incidents, such as crude oil train derailments.
COSCO Pacific, the port terminal operator arm of Chinese conglomerate COSCO Group, will pay 125.4 million euros ($143 million) for a 35 percent equity interest in the Europe Container Terminals facility at the Maasvlakte I area of the Port of Rotterdam.
Christian Blauert has been appointed the new chief executive officer of Yilport Holding, effective June 1, 2016.
Class I railroad Union Pacific and third-party logistics services provider Katoen Natie will set up a new transload service in Dallas for plastic pellet producers to export overseas.
The temperature-controlled air cargo container manufacturer opened a new service station in Delhi, India today.
The South Korean ocean carrier’s results for the quarter were hindered by continuously falling freight rates and the imbalance of supply and demand.
The German ocean carrier posted a net loss of 42.8 million euros (U.S. $48.4 million) on revenues of 1.93 billion euros.
Port of Portland, Ore. Executive Director Bill Wyatt told the Portland Business Journal low crude oil prices have caused trucking rates to drop well below expected levels, making direct container service to the Puget Sound region less economically viable.
However, the port’s outbound container volumes fell 1.1 percent year-over-year in April to 144,103 TEUs.
Patrick Ottensmeyer has been named chief executive officer of the Kansas City, Mo.-based Class I railroad, effective July 1.
Truckload pricing dipped another 2.3 percent in April 2016 compared to the same 2015 period following a 0.6 percent decline in March, the first negative pricing change since May 2010, according to the latest Cass Truckload Linehaul Index.
