Major freight railroads in the United States employed 154,212 workers as of the middle of February, down 1.53 percent from the previous month and 10.44 percent year-over-year, according to data from the Surface Transportation Board.
Norfolk Southern Corp. plans to spend $8.2 million to expand its headquarters in Norfolk, Va. as part of an overall plan to consolidate its corporate offices, according to a statement from Virginia Gov. Terry McAuliffe.
The Dubai, United Arab Emirates-based terminal operator expanded its terminal at the Port of Melbourne by 30,000 square meters, increasing the terminal’s handling capacity to 1.4 million TEUs a year.
Maersk’s third-party logistics subsidiary entered into a five-year partnership agreement to be Bettenwelt’s sole inbound logistics partner for shipments from Asia to Germany and Spain.
The German container carrier attributed its swing to a $127.5 million profit in 2015 from a $675.6 loss in 2014 to the merger with Chilean carrier CSAV, internal cost-cutting, and lower external costs, including a big drop in fuel prices.
APL expects to benefit from CMA CGM’s decision to maintain its longtime brand.
TRAXENS seeks to make its container-tracking technology an industry standard.
Last month, this column examined the possibility of a merger between struggling South Korean shipping conglomerates Hanjin Shipping and Hyundai Merchant Marine (“Who’s next for liner M&A?,” page 30). Mentioned in that discussion was the fact that almost any consolidation on the part of major ocean carriers will, by definition, affect far more than just […]
Undoubtedly, you’ve seen trucks carrying oversize loads accompanied by “pilot” or “escort” cars decked out with flags and caution signs. The lead car generally has a pole that is several inches higher than the load. If the pole strikes an overpass, wire or other obstruction, then the driver can radio the truck driver to pull […]
Keith Andrey, VP of global freight forwarding for UPS, says carriers are also more interested in offering intermodal pricing this year in order to secure cargo volumes in a historically low rate environment.
South Korean ocean carrier Hanjin will operate all five of the 4,000-TEU vessels on the China America Express service, which is scheduled to commence in May.
At least 4,000 longshoremen at the Port of Santos in Brazil went on strike yesterday, but dry bulk vessel operations were unaffected, according to a statement from the Associacao Brasileira dos Terminais Portuarios.
The Saint Lawrence Seaway officially opened yesterday, along with the Welland Canal, which connects Lake Ontario and Lake Erie, while the Montreal/Lake Ontario section of the St. Lawrence Seaway is scheduled to open tomorrow.
The Atlanta, Ga.-based shipping and logistics provider’s earliest small package and delivery service, UPS Next Day Air Early, added 12,680 U.S. zip codes to its network.
Union Pacific Railroad has increased train speed from 40 mph to 60 mph on a 7.5-mile stretch between Bonanza Road and Maule Avenue in Clark County, Nev., according to a statement from the company.
The Netherlands-based third-party logistics provider renewed its contract with and expanded its services for Ford Motor Company at Ford’s Louisville Assembly Plant in Louisville, Ky.
Maritime services provider Inchcape Shipping Services opened a new office in Veracruz, Mexico, its fourth office in the country.
The United States East Coast port handled 307,035 TEUs for the month, an 8 percent increase compared with February 2015.
The Singapore-based port terminal operator posted a net profit of $1.27 billion Singapore (U.S. $934.54 million) on revenues that fell 6.7 percent to S$3.57 billion compared with the previous year.
Ocean carrier Evergreen Line is joining the Ocean3 Alliance’s Phoenician Express/BEX2 as a vessel provider, while COSCO began participating on the loop two weeks ago as a slot purchaser.
