The new rail bridge over the Göta Älv River in Sweden will increase capacity significantly, boosting Swedish imports and exports, according to Gothenburg Port Authority CEO Magnus Kårestedt.
Dayton Freight Lines names VP of legal, while Virgin Atlantic Cargo appoints U.S. regional sales manager and Vnomics picks chief technology officer.
The investment bank’s transportation services research team projects higher earnings per share for several of the North American Class I railways, but stock prices have gone up to reflect a less dour industry outlook.
The integrated logistics provider posted net profits of 53 million Kuwaiti Dinars (U.S. $176 million) in 2015 on revenues of 1.3 billion Kuwaiti Dinars, according to the company’s most recent financial statements.
Heavy fuel oil leaking from the TS Taipei, which ran aground March 10 and split in two late last week, has contaminated approximately 1.24 miles of coastline in northern Taiwan, according to local media reports.
The new weekly China Russia South service operated by Hyundai Merchant Marine, FESCO and CMA CGM merges two prior loops.
The cargo-dedicated airline saw net profits after tax increase to $49 million for the full year in 2015, compared with $3 million in 2014.
The U.S. Surface Transportation Board is seeking public comment on its proposal to revoke existing class exemptions from railroad transportation regulations on certain commodities.
Chattanooga, Tenn.-based Dynamo, a self-described “logistics accelerator” led by three former supply chain executives, is accepting applications through May 8, 2016.
The Nigerian Export-Import Bank and Nigerian Shippers Council are collaborating to establish a regional shipping line, according to a report from the Lagos-based Vanguard newspaper.
The independent containership owner and manager took delivery of the MOL Benefactor, which will operate between Asia and the Middle East.
A group of some of the largest international trade associations has asked the Obama administration to press forward with key aspects of the Export Control Reform (ECR) Initiative.
The French ocean carrier appears to be participating in a recent trend by lines to skirt canal fees by sailing around the Cape of Good Hope at the southern tip of Africa.
“You want the volume to come, you want big ships to come, but you just don’t have the infrastructure to handle them,” Seaspan Corp. Chief Executive Gerry Wang said of the larger vessels that will soon be able to transit the expanded Panama Canal.
However, freight rates are still struggling and, according to shipping research and consulting firm Drewry, although consolidation may be a route to survival for some carriers, it can also create challenges.
The hull of the TS Taipei, which has been grounded off the coast of Keelung, Taiwan since March 10, cracked down the middle yesterday, spilling fuel and putting the containership at risk of sinking.
The International Longshore and Warehouse Union endorsement comes a month after the AFL-CIO, the largest federation of unions in the United States, chose not to endorse a candidate.
The chairman of the Senate Permanent Subcommittee on Investigations is seeking answers to why the Army Corps of Engineers’ budget to dredge the Cuyahoga River Ship Channel for the Port of Cleveland was cut by more than a third.
The Port of Oakland’s total container volumes (both full and empties) stood at 188,139 TEUs for the month, a 54.2 percent increase from February 2015.
Bay Ferries will charter the high speed boat, built to carry passengers and freight between the Hawaiian Islands, from the U.S. Navy to operate between Portland and Yarmouth, Nova Scotia.
