Canadian Pacific Railway said it expects mid- to high-single-digit intermodal revenue growth this year, as domestic intermodal traffic builds steadily and container lines boost volume on improving services.
After five years of strength in the southbound leg, the weakening value of the real is generating strong demand for Brazilian exports.
Maersk’s chief executive warned global trade will never return to the heady growth rates experienced before the global financial crisis of 2008, partly due to moves by western firms to repatriate manufacturing closer to home.
Amsterdam Schiphol airport said cargo traffic got off to a slow start this year because increased trans-Pacific shipper demand for air cargo services due to U.S. West Coast port congestion is diverting freighters from Asia-Europe routes to the Pacific.
APM Terminals management at India’s Port of Nhava Sheva (Jawaharlal Nehru Port Trust) on Wednesday said it is making all efforts to restore "complete" normalcy in the terminal operation and bring “vessel calls back on schedule.”
Rising foreign trade that drove up throughput at China’s container ports in 2014 is expected to continue this year on the back of strengthening demand from the U.S. and Europe, and despite a slowdown in the mainland economy.
It will be “better luck” this year for loss-making Neptune Orient Lines as plummeting bunker fuel prices give a huge boost to the company’s cost savings drive, according to investment bankers DBS Vickers.
A free trade agreement (FTA) between Australia and Japan came into effect on Jan. 15, granting virtually all Australian exports preferential or duty free access to the giant Japanese market.
Total container throughput at China’s top 20 ports reached 175 million TEUs in 2014, an increase of 5.3 percent over the previous year as solid exports to the U.S. helped drive up the cargo numbers.
The China-financed Mombasa-Nairobi rail link that is under construction is facing competition from Africa’s largest private equity firm that has invested $70 million in a competing rail connection that will also link the two cities.
Terminal operators resumed daytime vessel unloading Tuesday after a one-day hiatus, but otherwise it was status quo at all U.S. West Coast ports.
Trucks serving various container terminals on the left bank of the Brazilian port of Santos are expected to see shorter trips thanks to a new 3 million reais ($1.15 million) access road.
A bipartisan group of 32 U.S. House members are pushing back against a recently filed amendment to repeal requirements that domestic waterborne cargo be shipped in U.S.-flag ships owned, built and operated by Americans.