The U.N. Climate Change Conference (COP 21) gets underway on Nov. 30 and it will be interesting to see if it comes forward with any recommendations for shipping. Last month, the International Transport Forum, a think tank affiliated with the Organization for Economic Cooperation and Development (OECD), called on COP 21 to agree […]
Overcapacity is certainly nothing new in the container-shipping industry. Ocean liners have long struggled to maintain the appropriate number of available container slots for sale in any given trade, i.e. supply, with respect to shipper utilization, which roughly represents demand. Now, with the ever-increasing size of containerships—both deployed and on order—oversupply has become […]
Even in tech-happy San Francisco the annual “Dreamforce” conference that the software company Salesforce puts on is a big to-do. This year more than 150,000 people were expected to attend the September event, with 10 million joining online. Hotel space was so tight that the cruise ship Celebrity Infinity (dubbed the “Dreamboat” during […]
Western Canada container port gains newfound momentum from electronic appointment system.
Investigators begin probe into the sinking of El Faro off coast of the Bahamas.
Higher rates to the United States drove the increase in the overall spot rate reading, despite rates to Northwest Europe and the Mediterranean continuing to fall.
The national mail carrier of Singapore is making good on its promise to become a global logistics provider, agreeing to acquire a 96.3 percent share in TradeGlobal Holdings, Inc. for $168.6 million, its second such deal this month.
The rate and surcharge changes are intended “to address the impact of increased costs, changing demand for select UPS products and other market factors,” the parcel and logistics company said in a statement.
The terminal operator will purchase the remaining 39 percent of the issued shares of port terminal manager Grup Maritim TCB, making it the sole controlling shareholder of the company.
Over one quarter of respondents said data analysis is reducing operating costs by $4,000 annually per truck, according to a survey of transportation managers and executives from Fleet Advantage.
Ocean carrier ANL will terminate its current KIX service between Southeast Asia, Australia and New Zealand that it jointly operates with CMA CGM and Hanjin in November.
The short-sea carrier will launch its seasonal Black Sea reefer service between Mediterranean ports and Novorossiysk, Russia, situated along the Black Sea.
The non-vessel-operating common carrier opened a branch in Cebu, Philippines and Izmir, Turkey.
Attorney Willie E. Gary, who will represent the family of one of the former crew members of the ill-fated cargo vessel, claims the ship was unseaworthy and that “somebody has to pay” for the 33 people lost in the wreck.
The German-Chilean ocean carrier has set a price range of of 23 euros to 29 euros per share and expects gross proceeds of $300 million from its initial public offering scheduled to to begin Oct. 30.
The railway will also run longer trains in an attempt to control costs as weak volumes are expected to continue falling going into the fourth quarter.
The ocean carrier, which expects to purchase SeaFreight “on or about October 31,” asked the Federal Maritime Commission for an exemption to regulatory rules that would simplify the transfer of about 500 service contracts once the deal is completed.
SMC³, a less-than-truckload pricing and transit technology provider, will add truckload and LTL cost modeling provider Transportation Costing Group to its portfolio.
The Port of Rotterdam posted a cargo throughput of 351.5 million tons for the first nine months of 2015, a year-over-year increase of 5.4 percent, driven primarily by the increase in the handling of crude oil and oil products.
Total operating revenues dipped slightly at the trucking and logistics provider as fuel surcharge revenues fell and customer demand remained “tepid,” according to J.B. Hunt’s most recent financial statements.
