U.S. containerized exports will grow in the next five years on the back of a strong construction demand around the globe, JOC Group Economist Mario Moreno says.
Strong domestic volumes in the air and on the ground delivered double-digit profit growth for FedEx in the first quarter of its new fiscal year.
An influx of freight and higher rates is boosting third-quarter profitability at YRC Worldwide, the company said Tuesday.
Global Ports, Russia’s largest container terminal operator, reported a jump of 30 percent in profit for the first half of 2014, as favorable ruble-dollar exchange rate movements offset a drop in cargo volumes.
India’s merchandise exports in August rose 2.35 percent year-over-year to $26.95 billion, the lowest growth rate in five months.
Hapag-Lloyd and APL increase congestion surcharges for cargo moving through Jawaharlal Nehru (Nhava Sheva) and Pipavav to offset costs associated with worsening delays in intermodal connections to Delhi
Container ship owner-charterer Seaspan Corp. is considering an acquisition of Greater China Intermodal Investments, the Carlyle Group investment vehicle with which Seaspan partnered in 2011 to purchase new ships.
Container volumes at the Los Angeles-Long Beach port complex were basically flat in August compared to last year as importers diverted cargo to Canadian ports and U.S. East Coast ports to avoid possible disruptions from West Coast longshore contract negotiations.
The sale of investment certificates for the Suez Canal expansion project has netted Egypt $8.5 billion to fund upgrades to one of the country’s largest and most lucrative economic ventures.
Rail service problems are starting to hurt truckers with intermodal operations, especially those such that move refrigerated goods, a transportation analyst says.
In the article titled “MSC announces low-sulfur surcharges in North Europe, North America,” published on Sept. 15, a reference to low-sulfur fuel of 0.1 percent being cheaper than 1.0 percent fuel was incorrect.
Last winter’s harsh weather has caused a six-month delay in completion of a project to raise the Bayonne Bridge’s clearance to allow passage by larger container ships at the Port of New York and New Jersey.
Hong Kong’s container throughput in August slid into negative territory for the first time since February, down almost 3 percent year-over-year as the summer peak season momentum began to slow.