Australian logistics and stevedoring firm Asciano, parent of Patrick Stevedoring, has confirmed it received a purchase offer of $6.8 billion from Brookfield.
While many airfreight carriers around the globe saw a slowdown in growth, Middle Eastern cargo lines reported a drastic increase in airfreight volumes.
The railroad transportation equipment manufacturer reported a 15 percent drop in net earnings in its fiscal third quarter compared to its fiscal second quarter, despite record quarterly revenues.
Mary Thien Hoang has served as chief of staff for Federal Maritime Commission Chairman Mario Cordero since April of 2013 and will remain in that position.
The airfreight carrier began offering four weekly flights to Turkmenbashi Airport in Turkmenistan.
The Port of Rotterdam Authority signed an agreement with Sif Group and Verbrugge International for the construction of a production, storage and handling terminal at the port designed to cater to the offshore wind farms market.
ITSTL appoints CEO and SSA elects new president, while the USDA and USTR name policy and technical advisory committee members.
The Port of Los Angeles will begin construction this summer on a two-year project to upgrade and expand berths and backlands at the Yusen Terminals LLC container terminal.
The International Chamber of Shipping complained protectionist policies could limit access to U.S. oil and gas exports.
The agreements will help finance the purchase of containers and ships, and the development of maritime infrastructure between Europe and China.
Lim, a native of South Korea, is currently the president of the Port of Busan, but has spent years working at the United Nations agency.
Ocean carriers Mediterranean Shipping Co. and ZIM announced changes to two loops between the East Mediterranean and North Europe.
The roll-on/roll-off cargo vessel Kvitbjorn, the first ship powered by liquefied natural gas-powered in Nor Lines’ fleet, grounded off the coast of Norway over the weekend.
Ocean carriers COSCO and Yang Ming joined forces to launch two feeder loops in North Europe.
The ocean carrier has ordered additional containers, chassis and gensets for use in its services on trade lanes between the U.S. mainland, Puerto Rico, the Caribbean and Central America.
Two cargo facilities at the Seattle-Tacoma International Airport have been expanded to accommodate larger aircraft.
GPA re-elects board chairman, while UPS names U.S. west region president.
Proponents of the Ex-Im Bank on Capital Hill have already begun lining up to pursue reauthorization of the 81-year-old institution in the coming weeks.
Transportation and port companies need to cooperate more, members of the Agriculture Transportation Coalition said at their annual meeting in San Francisco.
Canadian National, Canadian Pacific and Union Pacific railways have seen volumes drop 4 percent, 3 percent and 6 percent, respectively, so far in the second quarter.
