China, Serbia and Hungary have signed a memorandum of understanding to build a new 230-mile rail link between Belgrade and Budapest with construction work expected to start by the middle of next year.
With the year coming to a close with no end in sight to the delays at West Coast ports, pressure is building for the federal government to intervene in stalled negotiations between longshoremen and employers that are blamed for at least of the congestion.
Signaling that resolution of congestion issues in Southern California is still a ways away, the ports of Los Angeles and Long Beach are taking the additional step of asking the federal government for permission to work together to resolve the worst congestion seen in years at the largest U.S. port complex.
Trailer orders in the U.S. reached the second-highest point ever in November, after hitting an all-time high the month prior, reflecting motor carriers’ expectations of strong demand in 2015.
Charging that Brazil’s foreign trade is too concentrated in the Mercosur trading bloc, the Brazilian Foreign Trade Association wants Brazil to weaken its ties with Mercosur and concentrate instead on other foreign markets.
Mitsui-Soko Holdings Co. will take a controlling stake in Sony Supply Chain Solutions Inc. for about 18 billion yen (US$151 million), marking the latest in a series of acquisitions by Japanese transportation and logistics companies targeting subsidiaries of struggling domestic electronics giants.
The port of Rotterdam and Europe Container Terminals, its biggest container handler, have buried the hatchet over a bitter three year dispute over the award of terminal concessions in Europe’s top box hub.
Wilhelmshaven hailed its success in landing a third 2M service as a sign of ocean carriers’ growing interest in Germany’s only deep water port that is virtually empty more than two years after opening.
A China Shipping Container Lines (CSCL) executive has shrugged off demand forecasts predicting 3 to 5 percent market growth in the next few years that will not be enough to fill the capacity flooding into service.
The first phase of an upgrade to Papua New Guinea’s Lae Port has been completed, paving the way for a boost in cargo throughput at the country’s most important gateway.
Singapore-listed Yoma Strategic Holdings will receive a $100 million loan from the Asian Development Bank (ADB) to build up Myanmar’s transport and logistics infrastructure urgently needed to create sustainable economic growth.
Though many retailers initially began the holiday season with early shipping deadlines, shops clamoring for last-minute customers are testing fate with extended deadlines once again.