Spot freight rates on the key Asia-north Europe trade are reported to have slumped to just $750 per 20-foot container, down more than $1,000 since the beginning of the year.
China’s Ministry of Environmental Protection is considering new regulations that would put provincial authorities in charge of approving wastepaper imports that the ministry now regulates.
The percent of import containers arriving at the Los Angeles-Long Beach gateway that were transloaded into domestic containers for onward rail transport into the interior U.S. continued to increase last year and is forecast to continue rising in 2014.
Ohio’s Port of Cleveland and Dutch breakbulk carrier Spliethoff Group have decided to add a second monthly vessel to the Cleveland-Europe Express, or CEE ― the only container and breakbulk service currently operating between Europe and a Great Lakes port.
Peruvian President Ollanta Humala has toured APM Terminals Callao to view how the terminal operator’s investment of more than $750 million at the port’s North Terminal is being modernized to handle larger ships.
With the number of laid-up container ships hovering close to three-year lows, vessel owners may enjoy a short-term boost in charter rates this fall, industry analyst firm Alphaliner reports in its latest newsletter.
A powerful U.S. resource that backers say helps many American exporters stay competitive globally will likely survive another nine months after the U.S. House of Representatives granted a funding extension for the U.S. Export-Import Bank on Wednesday. The Senate is expected to vote on a companion bill today.
Japan’s trade surplus with the United States shrank sharply in August, as exports to the U.S. declined while imports surged at a double-digit pace, according to preliminary trade figures released Thursday by Japan’s Finance Ministry.
There really was a Christmas in July this year, at least in terms of increased global container business. That bodes well for North American trucking, intermodal rail and package delivery companies now preparing for an influx of freight ahead of the holiday season.
U.S Senate investigators said Wednesday that computer networks of transportation companies that work for the U.S. military were broken into 20 times in one year by hackers with links to the Chinese government, highlight the growing cyberattack risk to shippers and carriers.
The emergence of four large alliances among the world's largest container shipping lines is creating a two-tier market that could doom smaller carriers to hanging on to niche trades or going out of business.
Delays this year in moving agricultural products by rail and barge from the Upper Midwest to ports in the Pacific Northwest and Gulf Coast could undermine the position of the U.S. as the world’s premier supplier of soybeans, a transportation specialist told the annual meeting of the Midwest Shippers Association Wednesday.
A Senate committee on Wednesday approved legislation that would push the U.S. rail regulatory agency to more quickly address major issues between railroads and some carload shippers, but its prospects for passage are unclear