FedEx was forced to turn away freight because of slowdowns at West Coast ports, a reminder of how port congestion is hurting the bottom lines of not just shippers but also the inland transportation providers they depend on.
Negotiators for the International Longshore and Warehouse Union and the Pacific Maritime Association will resume direct negotiations on Thursday, even as they disagree over the current state of the contract talks.
The launch of the 2M and 03 alliances in the New Year will boost capacity on the Far East-Mediterranean route by about 19 percent, triggering a battle for market share that could result in fresh rate reductions, according to Alphaliner.
Maersk Line plans to launch a direct weekly service from India to Africa in late January 2015 in a move to reduce transit times on that trade lane.
India’s trade deficit in November rose to its highest level since May 2013, as industrial and capital goods imports accelerated amid signs of a budding recovery in the country’s manufacturing sector.
A preliminary reading of an index shows Chinese manufacturing activity in December shrank for the first time since May, the latest sign of weakening European and broader global demand.
The 25 largest container lines had estimated net losses totaling $2.6 billion in 2009-2013 and had an operating margin of 1.6 percent during that span, Dutch consulting and research firm Dynamar said in a report.
Indonesia’s marine-highway program — a bold $55.4 billion plan to develop 24 commercial seaports, over a thousand non-commercial seaports and procure vessels — is facing a revision as some ports in the proposal may not be suitable for handling containers.
U.S. intermodal trains on average are moving faster, but they still have a ways to go before delivering the level of service shippers had come to expect before last winter.
Mediterranean Shipping Co. is already the largest carrier of U.S. containerized exports and the largest overall carrier in the U.S. market. Now it’s about to add the title of largest carrier in the import market, solidifying its dominance of the U.S. market.
With the acquisition of GENCO, everything old is new again for FedEx — or at least resellable.
The German government has drawn up a draft law to curb the power of small but powerful niche labour unions than have mounted frequent strikes, mainly in the transport sector, paralyzing the nation’s economy throughout this year.
The price per metric ton for both low and high sulfur fuel dropped almost 10 percent during the week of Dec. 12, the second consecutive week of large losses.