Maritime

With waterway’s expansion now 93 percent complete, employees task with building the new locks are demanding wage increase.

APM Terminals’ Suez Canal Container Terminal (SCCT) at the northern end of the waterway will be the largest on the Mediterranean, according to the terminal operator.

Spot container rates from Shanghai to Northwest Europe this week saw the largest single week drop ever recorded on the Shanghai Containerized Freight Index.

GF Group, an Italian importer and distributor of fruits and vegetables and the current owner of Reefer Terminal S.p.A. in Vado Ligure, will remain a customer of the terminal, according to a statement from APMT.

Deutsche Post DHL Group reported an 29.3 percent year-over-year decline in consolidated net profits for the second quarter despite a 7.3 percent increase in revenues.

The sale of the airport, owned by New York-based Global Infrastructure Partners and Oaktree Capital, could be valued at as much as 2 billion pounds (U.S. $3.09 billion), according to media reports.

The Korean ocean carrier saw net profits skyrocket year-over-year in the second quarter thanks to the depreciation of the South Korean Won against the U.S. dollar and the sale of Total Terminal International Algeciras’ stocks.

Allport Cargo Services and Keswick Enterprises said the new joint venture, ACS Romania, will benefit customers with domestic transport and international freight forwarding requirements in and out of the country.

The Netherlands-based logistics provider reported a 25 percent year-over-year increase in EBITA despite a 10.2 percent decline in net revenues for the second quarter of 2015.

The intra-Europe and Mediterranean dedicated liner company, a Maersk subsidiary, announced a new rail connection from St. Petersburg to Moscow.

Three different pests capable of causing damage were discovered at the Port of Philadelphia, U.S. Customs and Border Protection said in a statement.

New sections and bypasses in the 72-kilometer stretch of the waterway will reduce waiting time and transit times, according to Suez Canal authorities.

President Obama on Wednesday announced his intent to nominate T.F. Scott Darling III to administrator of the Transportation Department’s Federal Motor Carrier Safety Administration.

Mergers and acquisitions in the transportation and logistics sector in the first six months of the year, which have included several multi-billion dollar deals, are off to the hottest start in seven years, according to a new report from PwC US.

The Danish transportation and logistics provider’s strong results were driven by a “remarkable” 26 percent increase in earnings, according to CEO Jens Bjørn Andersen.

The international freight forwarder and logistics provider acquired RSH Freight Master Limited and subsidiary Principal Freight Limited, Hounslow (Heathrow) July 1.

Sluggish airfrieght growth resulted from a decrease in trade activity, primarily in emerging markets and weaker than expected global growth, according to the International Air Transport Association.

The airline group reported cargo volumes of 422 million cargo ton kilometers in July, a year-over-year drop of 7 percent

The logistics solutions provider will break ground on a new warehouse facility in Zeeland, Mich. for Mead Johnson Nutrition, a pediatric nutrition company.

International volumes are growing three times faster than domestic intermodal business, according to the Intermodal Association of North America.