Kuehne+Nagel’s third-quarter operating profit grew 9 percent year-over-year as lower costs and a switch to the U.S. ocean container market from the troubled Asia-Europe trade more than offset negative currency movements.
The U.K. has sold its remaining stake in Royal Mail, raising 591.1 million pounds ($910 million) for a 13 percent shareholding and ending the state’s involvement in the 499-year old postal company.
There isn’t much to Rossville, Tennessee, in the far eastern reaches of metropolitan Memphis: rolling farmland, stretches of highway and a Norfolk Southern Railway terminal.
Nittsu Research Institute and Consulting Inc. a subsidiary of Nippon Express Co., Japan’s largest international freight forwarder, predicts that Japan’s international air cargo trade will contract for the first time in two years.
The Russian government will begin work on a new deep-sea port in the enclave of Kaliningrad, between Poland and Lithuania on the Baltic Sea, by the end of the year.
Privately-operated Mundra Port recorded double-digit container throughput growth in the first fiscal half, driven in part by diversions from Jawaharlal Nehru Port disruptions and congestion that dragged down volumes at India’s largest public container handler during the same period.
Long Beach had one its best Septembers ever, continuing a recent trend in which West Coast ports are regaining some of the market share they lost this past year due to congestion and work slowdowns that accompanied the coastwide dockworker negotiations.
The owners of the cargo ship El Faro, which sank off the coast of the Bahamas after it was trapped in the path
Containerized imports at the Port of Oakland in September increased for the seventh straight month, demonstrating that the Northern California port has recaptured some of the market share it lost earlier this year during the congestion that plagued all West Coast ports during the longshore contract negotiations.
The world's second-largest transport operator is adding more than 41,000 postal codes to its international guaranteed package service, expanding its delivery footprint in Asia and other regions.
An arm of the Organization for Economic Cooperation and Development said stronger action is needed to reduce greenhouse gas emissions from ships, and that a carbon tax on shipping would be a way to achieve it.
A Tokyo-based research firm has significantly downgraded its outlook for the Japanese container trade in fiscal 2015, predicting a 1.3 percent contraction compared to its previous forecast of 2 percent growth.
Brazilian port and trade associations have won an extension of a policy allowing terminal operators to import equipment with little to no tax.