Russia and China plan to spend $3 billion to build two rail corridors aimed at encouraging the movement of containerized freight from the northeastern provinces of China to Russia’s Far-East ports.
Hapag-Lloyd is buying back $125 million of a costly U.S. dollar bond two years before it is due to mature in a bid to improve its capital structure and reduce interest payments.
Drone cargo ships, known colloquially as ‘ghost’ ships, are unlikely to start operations within the coming decade and an intermediate step of partially automated ships with much reduced crew levels should be expected beforehand.
Werner Enterprises, the fifth-largest truckload carrier in the U.S., is raising solo driver pay by an average of $5,000 annually, the latest sign of how motor carriers are forking out more to keep and attract drivers ahead of serious demographic headwinds.
The Port of Oakland is increasing the height of four ship-to-shore cranes so they will be capable of working the largest container ships now calling at U.S. ports, and even larger vessels in the future.
The Port of Wilmington, North Carolina, is using a newfound infusion of $35 million in annual state funds to expand its container facilities, dredge its harbor, and try to escape the shadow of its larger regional competitors.
Innovation in robotics, driverless vehicles, big data and simulation software will be more important to port operations in the next decade as shrinking global trade volumes force ports to emphasize cost cutting and efficiency to turn profits.
The two companies operating the Port of Yokohama and the Port of Kawasaki in Japan may merge by next spring in a bid to shore up the sagging international competitiveness of the key container ports.
Jawaharlal Nehru Port Trust continues to revamp its gate systems in order to improve truck turn times and alleviate cargo delays at India’s biggest container gateway.
The shipping industry is bracing for a carbon levy on marine bunker fuels to emerge from the global climate change conference that started in Paris Monday.