Carriers are proceeding with the largest single trans-Pacific eastbound rate increase in years but have only postponed making a formal announcement.
Toll Holdings will offload assets and business units this financial year raising $85 million as Australia’s largest logistics provider tries to improve revenue after a rough first quarter.
Increasing container dwell times are taking a toll at the ports of Los Angeles and Long Beach, further exacerbating congestion at the busiest U.S. port complex.
Clarksons, the world’s largest shipbroker, is paying £281.2 million [US $440 million] for its Oslo-based rival RS Platou, in a record deal likely to accelerate consolidation in the sector.
Shippers face another round of woes even after their stalled containers move from congested Los Angeles-Long Beach via intermodal rail to Chicago.
The International Transport Workers' Federation is battling with the Panama Canal Authority, accusing the PCA of trying to shut down a tugboat captains' union in advance of the canal's expansion.
A tentative U.S.-Mexico aviation pact would expand air cargo services linking the North American trading partners, but the biggest benefits may go to global shippers.
The rapid expansion of China’s largest courier SF Express both internationally and across domestic cities over the past two years has been stunning, yet the growth of e-commerce in its home market is always one step ahead.
WASHINGTON D.C. — The U.S. port industry’s celebration earlier this year for pressuring Congress to pass legislation aimed at boosting federal funding on a set schedule for the next decade may be short-lived.
West Africa trade still points to a region with growth potential, despite a nearly 30 percent drop in exports caused by the Ebola outbreak, Drewry and carrier executives say.
Trailer orders in the U.S. hit an all-time high in October, exceeding the earlier mark by nearly 9 percent, FTR Associates says.
Maersk Line’s chief executive said the carrier would settle for lower margins if this meant more of its competitors were profitable, reflecting concerns that while the largest carriers are profitable the rest of the industry is struggling to keep pace.
The Port of Long Beach in December will open a facility for the storage of empty containers, a move that is expected to help relieve congestion at marine terminals and at the same time free up chassis for use in the harbor.