Net orders for North American Class 8 trucks tumbled 59 percent year-over-year in November, according to preliminary data from freight forecaster FTR Transportation Intelligence.
The shipping company commenced its CTX5 service last week between Hong Kong, China and Southeast Asia.
Trucking carrier Old Dominion Freight Line, Inc. reported less-than-truckload tons per day grew 4.4 percent and 3.1 percent year-over-year in October and November despite indications U.S. shipping would slow in the fourth quarter.
China State Shipbuilding Corporation plans to build a 38,800-dwt bulk carrier in 2016 that will be “based on big data” and feature up-to-date information technology including real-time data transmission and collection, digital modeling and remote control.
The Russian port operator and stevedoring company posted net profits of $156.5 million on consolidated revenues of $654.7 million for the first nine months of 2015.
3GTMS has appointed a new chief operating officer, while CEVA Logistics names contract logistics manager for Iberia region.
Port executives at the Informa Cargo Logistics America conference in San Diego on Tuesday all said they expected an increase in the size of containerships calling at their ports in the next year as carriers seek to drive down costs.
The proposal includes funding for a Port Commerce master plan and critical maintenance, repairs and upgrades to existing transportation facilities at area airports, seaports, tunnels, bridges and terminals.
The higher than expected decline in domestic coal movements during the fourth quarter of 2015 caused the railway to lower its full-year earnings per share projection.
October airfreight volumes rose 0.5 percent compared to October 2014, but were down 0.4 percent from September, according to data from the International Air Transport Association.
The port received planning consent for the first phase of its new logistics park, which will include four warehouses that will provide nearly 1 million square feet of storage.
The Bureau of Industry and Security announced the start of its new data portal, which for the first time makes public aggregate information on export licensing and data trends.
The global non-vessel operating common carrier and ocean freight consolidator launched a direct, bi-weekly less-than-container-load export service between Miami and Manaus, Brazil.
The shipping company, which operates the largest Canadian-flag fleet of dry and liquid bulk carriers on the Great Lakes and St. Lawrence Seaway, ordered several self-unloading dry-bulk freighters.
The forwarder introduced its LifeTrack mobile application, which is available for IOS and Android systems, today.
The third largest ocean carrier worldwide has entered into discussions with BNP Paribas SA, HSBC Holdings Plc and JPMorgan Chase & Co. to fund an acquisition of Neptune Orient Lines, parent of liner company APL, according to multiple media reports.
The shipper advocacy group said it supports a ship efficiency credit trading scheme such as the one proposed by the United States, rather than a global bunker fuel levy approach.
Improving weather, coupled with measures taken by the Panama Canal Authority to expedite traffic, have helped reduce queue time for vessels transiting the canal, according to the ACP.
A proposal from New York Attorney General Eric T. Schneiderman calls on the Pipeline and Hazardous Materials Safety Administration to reduce the risk of explosions from crude train derailments by setting a nationwide limit on vapor pressure.
The online shipping portal is organizing an initiative to create industry standards for dealing with new verified gross mass regulations under the International Maritime Organization’s Safety of Life at Sea (SOLAS) treaty, which goes into effect July 2016.
