A former employee of U.S. mainland-Puerto Rico carriers Sea Star Line and Trailer Bridge has been charged with defrauding the companies of $2.1 million by submitting phony invoices for container and equipment decals and inspection and transportation of containers and equipment.
Horizon Lines said it expects to complete its sale to Matson by the end of Horizon’s second quarter in late June. The deal received clearance from U.S. antitrust regulators this week.
A graduated licensing program for commercial drivers is needed to bring younger people into the trucking industry, ATA executives said.
Orient Overseas Container Line reported falling volumes and revenue in the first quarter with the trans-Pacific and intra-Asia trades placing a drag on the carrier’s performance.
Navios Group has acquired a further 14 ships at risk of bankruptcy from HSH Nordbank in the second deal between the NYSE-listed Greek shipowner and the German bank in the past two years.
Shippers should expect more blanked sailings and service disruption as the carriers try to raise freight rates that have tumbled to unprecedented levels on the Asia-Europe trades, a major forwarder has warned.
Hyundai Merchant Marine will become the first carrier to call at the port of Incheon’s new Sun-Kwang terminal when the Hyundai Tokyo ties up in mid-May as part of an Asia-U.S. G6 Alliance service.
Union Pacific Railroad on Thursday appeared to downplay the idea that U.S. West Coast port congestion has changed its expectations that a low- single-digit share of cargo might shift to East Coast when the Panama Canal opens next year.
European shippers are stepping up their scrutiny of shipping alliances by launching their own review of the massive vessel-sharing agreements.