State-owned logistics provider Container Corporation of India has opened a $1.6 million temperature-controlled facility in Adarsh Nagar, near Delhi, the latest investment in line with parent Railways’ fiscal year 2015-16 budget plan announcement last month.
China’s manufacturing shift inland and rising domestic consumption has created a surge in demand for intermodal rail services unable to be fulfilled because of supply side constraints, according to a just-released World Bank report.
If the leadership of the International Longshore and Warehouse Union is going to convince the union rank and file that the tentative contract agreement is a good deal for the general membership, the officers will have to fend off a concerted effort by militant members and retired members of the ILWU to jettison the deal.
Processing delays are forcing some applicants for Transportation Worker Identification Credentials to wait more than 60 days to receive their TWICs, the Transportation Security Administration said.
Recognizing the impact that port congestion is having on the ability of marine terminals to work container ships, the Long Beach Harbor Commission has extended a cap it had placed on dockage fees charged to shipping lines until June 30.
Just a week after AlixPartners reported improving finances for container lines, the international consulting firm provided a less-than-cheery projection of the industry’s balance sheet in 2015.
Volumes moved by truck in the U.S. declined in February, the result of severe winter weather and lingering effects of the West Coast port congestion crisis, according to the American Trucking Associations.
Japanese trading giant Mitsui & Co. has signed an agreement to sell Transfreight North America, its wholly owned U.S. logistics subsidiary, to Penske Logistics for an undisclosed sum.
Winter weather that closed the Port of Virginia for four days contributed to a $560,000 operating loss for the port authority during February.
China is expected to step up pressure on Greece to revive the stalled privatization of the port of Piraeus during a visit to Beijing this week by ranking members of the new Athens government.