Department of Transportation Secretary Anthony Foxx gave Marine Highway designation to projects on the Mississippi River, New York Harbor, and the Potomac River.
Container throughput at the port was up 2.3% year-over-year for first quarter 2015.
The port terminal operator reported 10.5% growth in operating profits despite an 8.3% dip in revenues for first quarter 2015.
The trucking company increased earnings per share 25% year-over-year, but still fell short of analyst estimates, according to investment advisor Stifel.
The South Korean government plans to add 15 berths to its Busan New Port to increase its container capacity by 15.8 million TEUs.
Nearly 1,000 new VW Jettas, Beetles and Golfs arrived at the port Wednesday.
The 3PL’s facility, located five minutes from the Portland International Airport, now includes a total of 154,675 square feet of space and 51 dock doors.
The new facility, which includes room for an additional 120 pallet spaces, will cater to increasing volumes of pharmaceutical and biotech shipments.
Ocean carriers NYK and “K” Line reported improved financial results, while MOL’s loss widened.
Roadrunner, Matchback Systems and Great Lakes Towing make executive and director-level appointments.
Maersk Line said the containership was fired upon and seized because of a dispute over 10 containers transported a decade ago.
Report from bond rating agency Moody’s predicts “minimal impact” to U.S. East Coast volumes when the expanded waterway opens next year.
Freight forwarding and logistics subsidiary CMA CGM LOG plans to expand into a dozen countries this year.
The third-party logistics provider had a net income of $106.48 million on revenues of $3.3 billion in first quarter 2015.
The French port increased total throughput 6.9% year-over-year in the first quarter, driven by strong growth in container and crude cargoes.
Vacancy at cargo facilities in proximity to the nation’s leading airports is low, driving up rents for those who use the space, according to a report from market analyst JLL.
The Port of Long Beach has completed the final environmental impact report for the Mitsubishi Cement facility modification project.
Number of ships at anchor has dropped from 28 on March 14 to one or none.
Rickmers, which manages the ship for Maersk said Iranian navy fired “warning shots” at Marshall Islands-flagged Maersk Tigris.
Los Angeles Mayor Eric Garcetti’s office says there are “plenty of trucks and drivers.”
