WASHINGTON — U.S. House and Senate leaders have less than three days to work out their differences in seeking a short-term patch for the main engine of federal highway construction.
Expectations of a solid peak season from Asia to both Europe and North America could lead to higher ocean container freight rates in the third quarter, but the gains are likely to be only temporary.
Manila’s choked container port will finally have some relief as sweeper ships arrive to clear the thousands of empty boxes clogging the city terminals.
XPO Logistics will add more than half a billion dollars in revenue to its top line by acquiring New Breed Logistics for approximately $615 million.
A U.S. House Republican has asked Treasury Secretary Jack Lew to review whether the granting of a 35-year container terminal concession at Florida’s Port Canaveral to United Arab Emirates-based port operator Gulftainer will impact national security.
In a now familiar pattern, trans-Pacific spot prices held steady ahead of another general rate increase after dropping precipitously the week before.
DSV today became the latest top 10 freight forwarder to post market-beating growth in ocean container traffic as the consolidation of the fragmented global logistics industry gathers pace.
Blue Dart Express, India’s leading air express and logistics services provider, reported its net profit fell 16 percent in the first fiscal quarter.
Japan Airlines Corp.’s group net profit tumbled 19.4 percent in the first quarter of fiscal 2014.
In Gene Seroka’s first meeting with Los Angeles Mayor Eric Garcetti after being named executive director of the Port of Los Angeles last month, the mayor told Seroka what is expected of him: “Maintain and grow the nation’s number one port.”
A long-awaited tunnel linking Miami’s port to the interstate highway system will be open for business at the beginning of next week, after months of delays.
Facing growing port congestion, the Port of Hamburg is implementing a far-reaching plan to better manage truck traffic of containers moving in and out of its terminals.
Dredging has begun on the first of two projects to deepen the Port of Houston’s container terminal channels from 40 to 45 feet, matching the depth of the Houston Ship Channel.