A new incentive program for ocean carriers at Philadelphia could bring more than 1 million new containers through the city’s Delaware River terminals over the next five years, according to the Philadelphia Regional Port Authority.
A broad measure of business activity for the Chicago are plunged in February with much of the blame being laid at the door of the West Coast port labor standoff.
Penske Truck Leasing and sister company Penske Automotive Group are expanding their heavy-truck leasing business in Australia, targeting operators with older trucks.
The Port of Busan plans to handle 20 million TEUs this year posting record volume in 2014, mainly because of healthy transshipment traffic.
After 10 days of "spontaneous" protests, many independent truck drivers in Brazil have agreed to government-inspired peace talks aimed at preventing the South American country from grinding to a halt.
APM Terminals confirmed it asked three senior executives to quit their jobs at the Maersk Group’s port operating unit.
International Airlines Group’s cargo revenue declined 7.5 percent in 2014 from the previous year, largely because the owner of British Airways and Iberia quit freighter operations.
Mediterranean Shipping Co. is adding a new container service in the India-Australia-Mediterranean route, called the Australia Express, as the Geneva-based carrier beefs up its India connections to serve growing trade volumes.
Spot freight rates on the Asia-North Europe trade dropped to $938 per 20-foot container this week, falling 6.4 percent compared to the rate before Chinese New Year as cargo volumes out of China slowed over the holiday shutdown period.