Air China Cargo turned around its financial fortunes in the first half of the year with a 23.5 percent increase in freight carried on the airline’s network taking the mainland’s flag carrier to a $17 million net profit.
The U.S. Coast Guard said that “out of an abundance of caution,” it will monitor arriving ships and containers that were in Tianjin when the Chinese port was rocked by explosions earlier on Aug. 12
The listed units of China’s two largest shipping lines reported their interim results today with wildly diverging profits achieved by the two state-owned carriers in the first six months of the year.
Air cargo demand among Asian carriers weakened in July as demand for exports fell along with global trade, according to the latest data from the Association of Asia Pacific Airlines (AAPA).
The brewer of Budweiser is greening its St. Louis-based truck fleet, replacing diesel models with CNG-powered tractors that will haul 31 million cases of beer this fall. The fleet conversion is part of a long-term plan to cut logistics-related carbon emissions 15 percent by 2017.
Mixed economic messages and political uncertainty put shippers and truckers on a bumpy road in the second half of 2015, speakers said during a JOC webinar. Although truck capacity is "relatively abundant" and fuel is cheap, truck rates are still rising, and shippers are eyeing new safety rules that could tighten truck capacity. It all depends on the economy.
Malaysia and Indonesia are working together to fight rising piracy in Southeast Asia less than a week after six attacks, two targeting containerships, occurred within 48 hours, according to a report.
A plummeting stock market and the devaluation of the yuan have knocked China down a peg, but the Asian manufacturing powerhouse will still grow its trade with the world more than 5 percent annually over the next five years, according to a recent IHS forecast.
Operations at ports on the Virgin Islands and Puerto Rico were shut down Thursday as the eastern Caribbean awaited the arrival of tropical storm Erika.
Port Tampa Bay CEO Paul Anderson on the maritime trade industry's recent labor contract issues on the West Coast and the need for more influence on Capital Hill.
Global terminal operator DP World reported a 22 percent increase in net profit during the first half of 2015 but said it expects growth to slow amid a “challenging” global economy during the rest of year.
Erik Yim, senior commercial director for China Merchants Holdings (International), on competition in South China, CMHI's home ports development, the impact of growing manufacturing in the Pearl River Delta region and the company's expansion strategies.
Russian railway monopoly RZD plans to build a $30 million inland hub aimed at reducing congestion at the nearby St. Petersburg port and handling transshipped cargo from the country’s largest container gateway.