Canadian Pacific Railway said it expects mid- to high-single-digit intermodal revenue growth this year, as domestic intermodal traffic builds steadily and container lines boost volume on improving services.
After five years of strength in the southbound leg, the weakening value of the real is generating strong demand for Brazilian exports.
Maersk’s chief executive warned global trade will never return to the heady growth rates experienced before the global financial crisis of 2008, partly due to moves by western firms to repatriate manufacturing closer to home.
Three straight quarters of stronger U.S.
Thousands of supporters of the International Longshore and Warehouse Union are expected to attend a rally this evening near the Port of Los Angeles to urge waterfront employers to resolve what has become the most controversial issue of West Coast contract negotiations — jurisdiction over chassis maintenance and repair.
Construction began this week on a rail link that will connect a 360-acre logistics hub being built at a former Army base at the Port of Oakland with Union Pacific’s main line.
A labor dispute involving crane operators that produced intermittent gate closings and resultant violent protests by truck drivers over long waits at APM Terminals-managed Gateway Terminals India was settled Wednesday, giving beleaguered shippers relief after months-long cargo delays and congestion surcharges in Nhava Sheva, also known as Jawaharlal Nehru Port Trust.
Australian wine exports to China have almost recovered to levels recorded before Beijing’s austerity measures severely dented volumes, according to data released by the Australian Grape and Wine Authority.
Kerry Logistics is planning to convert one of its basic warehouse facilities in Hong Kong into a columbarium that will store the remains of up to 100,000 people, according to a local media report, a move that would appear to be a significant money spinner for the group.
South Carolina Ports Authority CEO Jim Newsome expects the Port of Charleston’s 2015 container volume to expand 5 percent to 7 percent after traffic measured similarly jumped 12 percent in 2014 from 2013.
Congestion at West Coast ports is the worst it has been since longshoremen began hard-timing employers in early November, and conditions are expected to worsen as terminal operators and the International Longshore and Warehouse Union use manning issues to see how much pain they can inflict on each other.
The Teamsters union suffered a pair of setbacks this week in its drive to organize FedEx Freight, the largest U.S. less-than-truckload carrier.
Alitalia unveiled plans to increase its cargo operations as part of a strategy to return to profitability in 2017 following years of losses, billions of dollars of state subsidies and a narrow escape from bankruptcy.