The general rate increase announcements for early June are flooding in from carriers on the troubled Asia-Europe trade, even as a price war between the lines continues to drag down spot rates.
The U.S. Congress moved closer to hitting port funding goals set last year after a Senate committee this week passed a bill that would send $1.25 billion to ports in fiscal 2016.
The U.S. Senate now has just more than a day to extend funding for the Highway Trust Fund before the money that maintains America’s roads, bridges and other infrastructure runs out.
Regulators in the U.S. and Europe are putting the final touches to new advance data rules with air cargo airlines and forwarders hopeful that industry concerns will have been addressed by the time mandatory filing becomes law in the U.S. later this year.
Temporary duties placed on Chinese 53-foot domestic dry containers will be refunded after a U.S. trade commission ruled earlier this week that Chinese manufacturers did not have an unfair advantage over their North American competitors.
Old Dominion Freight Line promoted veteran executive Greg C. Gantt to president, while David S. Congdon remains CEO and takes on added responsibilities as vice chairman of the company's board.
Logistics Plus, a global provider of transportation, logistics and supply chain solutions, has opened offices in Cairo and Alexandria, Egypt, and formed a Logistics Plus Eqypt operation that includes a warehouse in Badr City just outside of Cairo.
In a deal expected to close on Aug. 1, Scarbrough International, a Kansas City-based logistics and customs brokerage firm, will expand its operations south and into Mexico.
The Port of Savannah is ramping up its refrigerated cargo capacity after substantial year-over-year growth in reefer cargo at the Georgia port.
Shipping Corporation of India swung to $31.5 million net profit in fiscal year 2014-15, which ended March 31, from a $43.2 million loss in the previous year, driven by continued cost-cutting and improved freight earnings that helped compensate for a marginal decline in operating revenue.
Contract truckload rates are defying economic gravity, rising in April when truck tonnage and spot market rates slipped. The cause: capacity. Shippers apparently are willing to pay more to secure it for the long-term.
Germany, the Netherlands and Belgium are the biggest beneficiaries of increased U.S. demand for European goods and materials, according to PIERS, a sister product of JOC.com within IHS Martime & Trade.
The Port of Houston’s loaded container volumes jumped 46 percent in April, boosted by cargo diversions from the U.S. West Coast that appear to have had more staying power than some originally anticipated.