The political courage and compromise displayed in the early 1980s is in short supply now on the Hill, leaving transportation providers and shippers to pick up the bill for higher shipping costs incurred through congestion.
It’s been a little more than three months since the inaugural statements of the new Greek government, dominated by its radical-left Syriza component, said it would block sales of national strategic assets.
Rickmers Holding has switched its legal status from limited partnership to stock corporation, paving the way for a potential initial public offering by Germany’s biggest container ship owner and manager, most likely in New York.
After its first foray into an international market ended in a billion dollar loss last year, Target Corp. is once again embracing new additions to its supply chain. This time they’re playing it safe, though, investing in a market where they have a proven track record: the Internet.
Uncertainties over implementation of the contract are bound to occur in the weeks ahead at all West Coast ports until the International Longshore and Warehouse Union and Pacific Maritime Association provide clarity on important provisions in the contract covering work rules and related issues such as mandatory dockworker inspections of chassis at marine terminals.
United Arab Shipping Co. is seeking to broaden its service reach by adding refrigerated container capacity and joining CMA CGM and Hamburg Sud in a weekly vessel-sharing agreement in a bid for a bigger slice of trans-Atlantic trade.
Pasha Hawaii will add a second weekly call at Los Angeles and discontinue direct calls at Tacoma in a service overhaul that follows the carrier’s takeover last week of Horizon Lines’ Hawaii routes.
CMA CGM’s new Wazzan service linking Morocco and Northwest Africa is designed to tap into a growing intra-Afric
Canadian National Railway is buying more refrigerated intermodal equipment as the prospect of tighter regulation of food supply chains poses a challenge for shippers.
India’s Allcargo Logistics, through its wholly owned non-vessel-owning common carrier arm Ecu Line, made its first foray into the e-commerce logistics market by entering into a cargo consolidation contract with China online shopping giant Alibaba.
XPO Logistics raised $1.26 billion from institutional investors and plans a $2 billion stock sale to help finance its latest acquisitions and prepare for more.
India’s federal cabinet on Saturday gave final approval to an agreement allowing the introduction of coastal shipping services between the country’s east coast cargo gateways and ports in Bangladesh.