Services provided at the company’s 18,900-square-foot facility include warehousing, distribution, inventory management, pick and pack, quality inspection and order fulfillment services.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and UASC issued general rate increases.
Canadian Pacific Railway has terminated efforts to acquire the number four U.S. railroad, including the withdrawal of a resolution asking NS shareholders to urge its board to engage in negotiations, according to a statement from the company.
The U.S. Department of Justice filed a reply in opposition to Canadian Pacific’s petition for a declaratory order from the Surface Transportation Board regarding use of a voting trust in its proposed acquisition of Norfolk Southern.
A downbeat report from the London-based shipping consultant says freight rates are low and low oil prices are unlikely to drive profitability for the Danish conglomerate, but that stock in A.P. Moller Maersk is still a relatively low risk investment.
The Ocean3 Alliance’s AEC1/AEX1/FAL8 service, which dropped a call at Zeebrugge, had the largest average vessel capacity of all container services calling the port, according to data from BlueWater Reporting.
Container spot rates as measured by the Shanghai Containerized Freight Index dipped 4.4 percent since last week, but the Ningbo Containerized Freight Index and the World Container Index both posted comprehensive increases.
A recent decline in the value of the U.S. dollar is benefiting exports, but it is too early to declare a trend, according to Port of Oakland Maritime Director John Driscoll.
Combined United States carload and intermodal cargo volumes fell 11 percent in March compared with March 2015, according to data from the Association of American Railroads.
The European container terminal operator posted net profits of 73.5 million euros on revenues of 591.3 million euros, year-over-year increases of 13.4 percent and 4.5 percent, respectively.
The Japanese ocean carrier will join the Ocean3 Alliance’s Phoenician Express/BEX2 loop next week as a slot purchaser.
The gulf coast port handled 12,653 TEUs during the first half of its fiscal year 2016, which ended March 31, a 36 percent year-over-year increase.
Industrial real estate services and investment management firm JLL has appointed Walter Kemmsies managing director, economist and chief strategist for its U.S. Ports, Airports and Global Infrastructure Group.
Port Freeport picks new CEO, while IFCO appoints VPs for commodity management and grower sales and TruckSmart names national accounts director.
Meanwhile, the U.S. Army has sent a letter to the Surface Transportation Board opposing the Canadian railway’s proposed acquisition of Norfolk Southern as a potential threat to national security.
The third-party logistics provider’s purchase of United Kingdom-based Evolution Time Critical will allow Metro, which is headquartered in Canada, to expand its automotive services presence beyond North America.
The House subcommittee on Coast Guard and Maritime Transportation will hear testimony on April 14 about the International Maritime Organization’s controversial verified gross mass requirement, which goes into effect July 1.
Dubai-based Mercator, a provider of solutions to the global travel, transportation and logistics industry, has acquired Seattle, Wash.-based Revenue Management Systems.
United Continental Holdings has abandoned plans to buy 24 takeoff and landing slots from Delta Air Lines at Newark Liberty International Airport, the U.S. Justice Department said Wednesday.
Doorae Shipping will also make a community service payment of $200,000 after pleading guilty to charges that it failed to maintain an accurate oil record book and made false statements to the U.S. Coast Guard concerning the discharge of oily bilge water.
