Neptune Orient Lines said Wednesday media reports that it plans to sell its logistics business, APL Logistics, for up to $900 million are "preliminary and exploratory in nature.”
The largest International Longshoremen’s Association local in Baltimore is disputing an arbitrator’s ruling that the union is liable for $3.86 million in damages for a strike that idled the port for three days last October.
China’s robust container throughput growth began to slow at major mainland ports in July as a European restocki
Changing supply chains demand changing technology, and a more multimodal, integrated supply chain require a blend of asset- and non-asset-based transportation systems.
APM Terminals saw volume and profit rise in its second quarter, thanks to some of its terminals becoming fully operational and the addition of new terminals in growth markets.
Asia is king among global container ports, even if stalwarts such as Hong Kong, which slipped to fourth place last year in part because of a 40-day dockworker strike at five terminals, have retreated a bit.
The melting polar icecap is reheating ages-old dreams of cross-Arctic shortcuts for deep-draft ships sailing between the Atlantic and Pacific oceans. But logistics managers shouldn’t count on it happening next year — or even in the next decade.
The Port of Salalah, Oman, saw its container volume slide 7 percent year-over-year in the first half of 2014, but general cargo throughput jumped 28 percent, port operator Salalah Port Services said in a written statement.
U.S. Class I railroads are betting on tighter truck capacity, along with a surge of intermodal traffic, to allow them to kick domestic intermodal rate hikes into a higher gear.
Taiwanese ocean carrier Yang Ming Line has upgraded its intra-Asia service network to better meet growing demand in the region.
The ports of Tacoma and Seattle each reported July container volume totals this week, and while Tacoma saw continued growth in cargo, Seattle’s traffic spiraled downward with drastic year-over-year volume drops.
The SSA Marine terminal at the Port of Oakland remained closed Tuesday because longshoremen refused to report to their jobs, even though the anti-Israel demonstrators who had blocked entrance to the facility on Sunday were long gone.