Africa’s inland freight network is so troubled that it costs roughly seven times more to ship a container from Mombasa, Kenya, to Burundi, in central Africa, than it is to ship a container from Shanghai to the major Kenyan gateway, an APM Terminal executive said.
China Merchants (Holdings) International (CMHI) reported double-digit growth in throughput from January through November, continuing the strong increase in international trade that also drove up volumes at rival port operator Cosco Pacific.
FedEx was forced to turn away freight because of slowdowns at West Coast ports, a reminder of how port congestion is hurting the bottom lines of not just shippers but also the inland transportation providers they depend on.
Another set of historic rate increases are on tap for the trans-Pacific, as the 15 members of the Transpacific Stabilization Agreement announced hikes totaling $1,000 per FEU.
Truckload operator The Dart Network is raising pay for its company drivers and owner-operators, joining a growing legion of carriers boosting pay to attract truck drivers.
Japan’s trade surplus with the United States expanded by a whopping 20.4 percent in November on a year-on-year basis, as exports grew relatively strongly while imports fell, according to preliminary trade figures released by the Japanese Finance Ministry on Wednesday
World Shipping Council President and CEO Chris Koch in late July will hand over the reins of the trade group representing major container lines.
Rising volumes propelled FedEx profit up 23 percent year-over-year to $616 million in its second quarter ended Nov. 30, the second-largest U.S. transport operator reported today.
Maersk Line is merging its MECL1 and MECL2 services connecting the Middle East, India and the U.S. East Coast into a single weekly loop, beginning in mid-January 2015.
APM Terminals said one its nw Rotterdam terminals will be the first in the world to have a zero-emission footprint, thanks to a two-year contract to buy wind-generated electricity.
The largest container ship handled by an Indian port was the 14,000 TEU capacity vessel MSC Valeria at Mundra in 2013, a record that has little chance of being broken any time soon.
The International Longshore and Warehouse Union today recessed the caucus that it opened on Monday as the union awaited a response from the Pacific Maritime Association on its latest contract proposal.
An American Trucking Associations survey of 130 trucking companies places median truck driver pay in a range from $46,000 to $73,000 a year, depending on the type of company they work for and freight they haul.