Long Beach had one its best Septembers ever, continuing a recent trend in which West Coast ports are regaining some of the market share they lost this past year due to congestion and work slowdowns that accompanied the coastwide dockworker negotiations.
The owners of the cargo ship El Faro, which sank off the coast of the Bahamas after it was trapped in the path
Containerized imports at the Port of Oakland in September increased for the seventh straight month, demonstrating that the Northern California port has recaptured some of the market share it lost earlier this year during the congestion that plagued all West Coast ports during the longshore contract negotiations.
The world's second-largest transport operator is adding more than 41,000 postal codes to its international guaranteed package service, expanding its delivery footprint in Asia and other regions.
An arm of the Organization for Economic Cooperation and Development said stronger action is needed to reduce greenhouse gas emissions from ships, and that a carbon tax on shipping would be a way to achieve it.
A Tokyo-based research firm has significantly downgraded its outlook for the Japanese container trade in fiscal 2015, predicting a 1.3 percent contraction compared to its previous forecast of 2 percent growth.
Brazilian port and trade associations have won an extension of a policy allowing terminal operators to import equipment with little to no tax.
PSA International this weekend broke ground on a fourth container terminal at Jawaharlal Nehru Port Trust, which will provide a future avenue to ease congestion at India’s largest container gateway.
Singapore’s Ministry of Transport and terminal operator PSA Corporation are planning to develop a container truck system that will boost port productivity by increasing the flow of boxes within the port and across the city-state’s streets.
The Italian government has announced the price of shares for Poste Italiane’s imminent initial public offering, valuing the state-owned mail, logistics and financial services company at up to 9.8 billion euros ($11 billion).