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.
Negotiators for the International Longshore and Warehouse Union and the Pacific Maritime Association will resume direct negotiations on Thursday, even as they disagree over the current state of the contract talks.
The launch of the 2M and 03 alliances in the New Year will boost capacity on the Far East-Mediterranean route by about 19 percent, triggering a battle for market share that could result in fresh rate reductions, according to Alphaliner.
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.
Hapag-Lloyd became the latest carrier to announce a large general rate increase on trans-Pacific eastbound cargo for January, following Maersk Line and MOL.
U.S. containerized exports to most Latin American markets will contract this year, while imports, reflecting the strengthening U.S. economy, will be up.
Container terminals in the Port of New York and New Jersey will close on Christmas Eve and Christmas Day but will be open for regular hours on Friday, Dec. 26.
The installation of new gates at a Panama Canal expansion site will bring the project to 84 percent of completion ahead of an estimated early 2016 opening date, the canal authority says.