The two companies operating the Port of Yokohama and the Port of Kawasaki in Japan may merge by next spring in a bid to shore up the sagging international competitiveness of the key container ports.
Singamas Container Holdings has issued a profit warning for the year that it blames on the market downturn and predicts it will hurt the company’s profitability into the first half of 2016.
Headhaul Asia-North Europe volumes will have shrunk by an incredible 400,000 TEUs by the end of December compared to last year if the rate of decline continues, according to Drewry.
Werner Enterprises, the fifth-largest truckload carrier in the U.S., is raising solo driver pay by an average of $5,000 annually, the latest sign of how motor carriers are forking out more to keep and attract drivers ahead of serious demographic headwinds.
The Port of Oakland is increasing the height of four ship-to-shore cranes so they will be capable of working the largest container ships now calling at U.S. ports, and even larger vessels in the future.
The Port of Wilmington, North Carolina, is using a newfound infusion of $35 million in annual state funds to expand its container facilities, dredge its harbor, and try to escape the shadow of its larger regional competitors.
Innovation in robotics, driverless vehicles, big data and simulation software will be more important to port operations in the next decade as shrinking global trade volumes force ports to emphasize cost cutting and efficiency to turn profits.
Jawaharlal Nehru Port Trust continues to revamp its gate systems in order to improve truck turn times and alleviate cargo delays at India’s biggest container gateway.
The shipping industry is bracing for a carbon levy on marine bunker fuels to emerge from the global climate change conference that started in Paris Monday.
Laem Chabang port is undertaking three key infrastructure projects worth $167 million to improve efficiency and expand its position as a trade hub for ASEAN, according to port director Montree Rerkjamnian.
Cathay Pacific has agreed to pay $4.4 million to settle litigation in Canada in a cargo anti-trust class action in which the carrier was a defendant.
IT platforms are transforming China’s less-than-truckload market, with a flood of Uber-like apps for trucks being used within cities and in the intra-city business, according to a Goldman Sachs logistics report.
Shipper groups have raised serious doubts about the benefits offered by mega alliances and the growing size of container ships, complaining of reduced choices and deteriorating service levels.