Maritime

Rates are falling on major trade routes to Europe, U.S., according to the latest figures from the Shanghai Shipping Exchange.

The company made a deal with a German bank to acquire 14 vessels, including seven containerships, and took delivery of a 13,100-TEU ship.

The railway increased net income 8.3% to $1.2 billion compared to the first quarter 2014, according to Union Pacific’s latest financial statements.

The Texas Coalition for Transportation Productivity has thrown its support behind state legislation to increase weight limits for trucks transporting ocean containers.

Volga-Dnepr Airlines, operator of the super-large cargo freighters, said it’s trying out a new coating on one its planes.

ClassNK establishes Global Research and Innovation Center in Singapore, Delhi Airport and Schiphol Airport sign MoU to promote cargo trade, and ContainerPort Group opens new terminal in Atlanta.

Swissport, Scoular Co., Saddle Creek, Purolator, and CPG announce executive and director appointments.

Pasha says it is planning “significant upgrades to the Horizon fleet.”

Product is aimed at small and medium sized shippers.

The 10th largest container carrier warns that 2015 will likely see capacity outpace demand for shipping.

E&WD will increase the Corps’ Civil Works fiscal 2016 budget to $5.597 billion, adding $864.75 million to the Obama administration’s request.

Indictment alleges the former shipping line employee authorized payment of phony invoices.

The logistics provider saw shipments grow 4.4% in 2014, according to the company’s yearly financial statement.

The car drop delivery service, developed jointly by DHL Parcel, Amazon and Audi, is the first of its kind in Germany.

The European Commission has proposed amending its approvals process for imported commodities with biotechnology traits.

BMW Group breaks ground on new facility in Texas, CEVA and BP Zhuhai expand relationship, Worldwide Flight Services wins North American contracts, and IAG Cargo opens climate-controlled stations in Latin America.

Sunset Transportation names new president, and CSX appoints VP of state government affairs in Northeast.

German ocean carrier had suspended calls to the port due to West Coast congestion during ILWU-PMA labor contract negotiations.

The freight forwarder and logistics provider saw increased net profits in the first quarter despite slightly lower revenues, compared to the first quarter of 2014.

Maritime Administration originally awarded the money to Horizon Lines, but the ocean carrier did not move forward with the project and has since been broken up and sold to Pasha and Matson Lines.