The unseasonably cold front that moved through Chicago last weekend provided railroads and shippers a chilly reminder that the rail meltdown seen in winter 2013-2014 could occur again.
Kuehne + Nagel, the world’s largest sea freight forwarder, said it is targeting the trans-Atlantic container trade to offset slowing Asian exports to Europe.
China’s logistics industry is expected to show double-digit growth over the next five years, continuing a trend of 21 percent compound annual growth since 1991 and driven by rising online shopping and a growing trend of outsourcing non-core activities.
U.S. containerized trade increased 2.6 percent year-over-year in the first half of 2014, with just three carriers — Maersk Line, Mediterranean Shipping Co. and Evergreen Line — accounting for 28.4 percent of all trade.
Florida East Coast Railway has acquired 500 new 53-foot containers and 100 chassis, as well as 50 refrigerated trailers to cater to customers in the perishables market. All of the units will be in service by mid-October.
Joseph P. Ruddy has been appointed chief innovation officer at the Port of Virginia, and Shawn Tibbets will succeed him as chief operations officer.
Even as air freight space out of China is has tightened because of the launch of the Apple iPhone 6, the typical air freight surges associated with major electronics product launches are not what they used to be.
Class I railroads plan to add locomotives and train crews to their networks in an effort to improve service in the "strongest fall peak in recent years."
Kerry Logistics aims to tap growing trade between Asia and Oceania, and between Australia and New Zealand through a joint venture with a New Zealand-based global freight forwarding company.
Container lines will continue to expand their share of the refrigerated cargo market, but specialized reefer carriers can survive if they diversify and pick their niches carefully, Drewry Maritime Research says in its annual analysis of the reefer shipping market.
The southern Italian port of Taranto, once a leading transhipment hub, faces an uncertain future after losing its last lo
U.S. Exports in the first half of 2014 represented 40.8 percent of the 15.5 million TEUs in the overall U.S. container trade.
U.S. Imports in the first half of 2014 represented 59.2 percent of the 15.5 million TEUs in the overall U.S. container trade.