Strong gains in factory output, especially automotive manufacturing, helped drive U.S. truck tonnage up in July, the American Trucking Associations said. The ATA For-Hire Truck Tonnage Index rose 1.3 percent in July from June, and 3.6 percent year-over-year.
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 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.
The Port of New Orleans is revamping its Mississippi River Intermodal Terminal to the tune of $21 million after a bid was awarded to a Louisiana-based construction company.
Damco expects to end the year in the red after the logistics arm of Maersk Group lost $32 million in the s
Venice, California-based Cargomatic is testing its “Uber”-like truck and shipment matching technology in the tri-state trucking market of New York, northern New Jersey and Connecticut.
In reporting its second-quarter and first-half 2014 results this week, Maersk Line again showed how its financial fortunes are diverging from most of the rest of the container shipping industry.
There are increasing signs that an Icelandic volcano could erupt, potentially disrupting shippers transporting goods via the freighters and in the bellies of passenger planes — much like an eruption on the island did in 2010.
The cost benefits of Evergreen Marine joining the CKYH Alliance were reflected in its second-quarter earnings, which saw the Taipei-based carrier returning to profitability.
Container volume is increasing at North Carolina’s Port of Wilmington thanks to carriers’ service expansions.
Brazilian waterways regulator Antaq approved $1.73 billion in upgrades for ports in Rio de Janeiro and Santos.
Overall capacity operated by the Top 21 container carriers increased 5.6 percent or 847,000 TEUs in the last 12 months, according to industry analyst Alphaliner’s latest newsletter, furthering chronic overcapacity in the container shipping market.
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.”