Alone among major liner operators, CMA CGM of France has maintained scheduled voyages between Asia, the Mediterranean and North America ports via the turbulent Red Sea.
Employers at the Port of Montreal say they will suspend salary guarantees for striking longshore workers who have shut down two container terminals.
The British Columbia Maritime Employers Association representing ocean carriers and terminal operators plan to lock out union forepersons after the International
Longshore and Warehouse Union rejected a final contract offer.
Ocean shipping and logistics services provider Matson saw improved third quarter profits as higher China and domestic freight rates offset mixed container volumes. Operating income was $227 million for the three months ended Sept. 30, up from $118 million in the year-ago quarter, the Honolulu-based carrier said in an earnings release. Revenue from ocean transportation […]
The rapid expansion of global trade has complicated cross-border payments, adding costs and delays and heightening fraud risk. Financial institutions and fintech firms are implementing digital solutions to enhance transparency and security.
Ocean Network Express posted soaring results in the second quarter on strong demand in the major trades, an early peak season in the U.S. and attacks on the Red Sea trade route.
The parent of container liner operator Maersk turned in quarterly revenue and profits higher than a year ago as attacks on Mideast shipping led to higher operating costs – and higher rates for shippers.
The ONE alliance of container vessel lines posted second-quarter revenue on an early peak shipping season thanks to attacks on a key Mideast route and looming East Coast longshore strike.
The parent of Maersk container line said strong demand for shipping services and higher ocean freight rates fueled growth across all businesses as it raised estimates for full-year results.
Newly announced federal spending on zero-emission equipment and infrastructure at container ports won the approval of the International Longshoremen’s Association.
Transport Canada is funneling millions of dollars to expand grain-handling facilities at the Port of Montreal.
International container volume gains more than doubled domestic traffic in the third quarter, according to the Intermodal Association of North America.
The ONE vessel alliance plans to add a new East Asia string to the Port of Jacksonville’s modernized SSA Jacksonville Container Terminal.
Overall volume helped maritime terminals of the Georgia Ports Authority to their second-busiest September on record.
Canada’s second-busiest port is bracing for another protest by 1,200 longshore employees who have been refusing overtime work since Oct. 10.
Ports in Houston and Corpus Christi posted modest gains in freight movements during September, while the Port of New Orleans saw mixed results.
Despite a first-half lull in domestic network demand for logistics services, the world’s largest forwarder saw overall volume growth in the third quarter.
Russia conveyed Iranian data to help Houthi rebels in Yemen attack commercial shipping in the Red Sea.
East Coast ocean carriers and terminal operators will resume bargaining with the International Longshoremen’s Association on a new contract in November.
German transportation provider Hapag-Lloyd reported preliminary nine-month profits and raised its full-year forecast as vessel diversions pushed up shipping rates.
