CMA CGM’s net income almost tripled in the third quarter as the French carrier’s container volume surged to an all-time high. The results support the trend in which the largest carriers in the world are also the most profitable.
The port of Antwerp is at a standstill as dockers stage a 24-hour strike to protest the Belgian government’s austerity program aimed at reducing the country’s soaring national debt.
Five carriers today joined Mediterranean Shipping Co. in announcing congestion surcharges on cargo heading from Asia to U.S. West Coast ports.
Hapag-Lloyd and CSAV just need approval from Ukraine and China to merge and create the fourth-largest container lines, after Mexican regulators gave the tie-up the green-light this week.
Volume gains in Tacoma helped offset another month of year-over-year losses in Seattle, pushing Puget Sound container throughput up in October for the first time in four months.
Truckers are complaining about a tariff change that restricts their ability to collect detention payments for excessive wait times and subjects them to $50 fees for avoidable trouble-window visits at most Port of New York and New Jersey container terminals.
A Teamsters-affiliated group in Southern California on Friday said it halted picketing that began this week at facilities operated byPacer ACartage, Harbor Rail Transport, LACA Express, QTS and WinWin Logistics.
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
U.S. retailers today expressed their disappointment that coastwide U.S. West Coast port labor talks won’t begin until early December and reiterated their call for President Obama to get involved.
Maher Terminals has ordered eight additional straddle carriers for operation at its terminal in the Port of New York and New Jersey.
United Arab Shipping Co. plans to join the EPIC Service between the Indian subcontinent and North Europe operated until now independently by CMA CGM.
All Nippon Airways Co. and United Airlines, both members of the Star Alliance global airline network, plan to launch a strategic air cargo joint venture on trans-Pacific routes, the first of its kind between the U.S. and Asia.
The supply of land is the greatest challenge facing logistics property developers in China as they struggle to match supply of modern warehousing facilities to the demand being generated by a rapidly increasing consumer market.