Canadian Pacific set first quarter records for revenues, net profits and operating ratio, according to the railway’s latest financial statements.
The index increased 5% compared to March of 2014, according to the American Trucking Associations.
China Railway Import and Export Co. partners with Kerry Logistics China, DB Schenker Rail UK launches Eco Neutral program, MacGregor signs equipment deal with GRUPO CBO, and Lincoln Equities Group receives approval for New Jersey industrial park.
Norfolk Southern expands roles of two VPs, while UTi and Cambridge Systematics add to management teams.
Shipping will remain the NYK Line’s core business, but diversification and expansion into logistics are ‘essential’ to continued growth, according to the company’s new president.
The recovery of congestion laden West Coast ports significantly impacted shipment volumes and expenditures, according to the latest Cass Freight Index Report.
Maersk Group and Crowley Maritime say the new company, called Ardent, will be headquartered in Houston.
London-based shipping industry consultant Drewry questions whether carriers will be able to charge $2,000 per FEU on eastbound boxes.
March volumes were up 21 percent at the allied Pacific Northwest Ports, but log volumes are down this year, according to Puget Sound reports.
The vessel, which runs on liquid natural gas, will enter service later this year between Jacksonville and San Juan.
The port attributed the results primarily to throughput growth in oil products, LNG and container cargo.
The airfreight carrier will test Matternet drones from California, along with Swiss Post.
Oman Air and Cargolux sign joint venture agreement, HOYER adds to environmentally friendly vehicle fleet, Virgin Atlantic Cargo partners with Jan de Rijk Logistics, and ClassNK opens survey office in Spain.
MOL (Canada), Ameriquest Transportation, and ABS Group made senior appointments.
The Federal Maritime Commission may institute more stringent monitoring of ocean carrier alliances, according to commissioner William P. Doyle.
New Jersey Attorney General cites the work of the NY/NJ Waterfront Commission as a bill to dissolve it sits on the Governor’s desk.
Despite the exit of ocean carriers Hanjin and Hapag-Lloyd, Portland director says the port has “a valuable, unique market.”
State Senate President Stephen Sweeney called for a $2-billion-a-year Transportation Trust Fund.
Ships will call Mexico, Colombia and Panama.
The former employee was sentenced to five years in prison and ordered to repay $4.68 million in restitution
