German port operator Eurogate has acquired a 16.67 percent interest in Contrail Logistica, a Brazilian provider of intermodal transport solutions in the hinterland of Santos.
A process known as free flow, or peel off, is attracting favorable reviews from terminal operators as well as truckers in Los Angeles-Long Beach. Though still considered to be in its infancy since it was launched in early 2014, the ports are confident enough about the potential of peel off that they are identifying parcels of land in the harbor area that can be used to expand the program.
Zim Integrated Shipping Services announced it is upgrading its Asia-Mediterranean service network, comprising the East Med-Black Sea Express, or EMX, and the Asia-India Subcontinent East Med, or AME, by adding new port calls and upsizing tonnage deployment.
Booming business at Union Pacific Railroad’s intermodal ramp in North Laredo, Texas is spurring a $90 million expansion at the facility tapping U.S.-Mexico cross-border trade.
U.S. domestic intermodal spot rates are jumping anywhere from $500 to $1,000 on peak season demand, but it won’t last long, according to third-party logistics provider IDS.
Plummeting cargo flows to Venezuela are forcing major carriers and feeder operators to reduce services as they grapple with poor port productivity and hinterland connections.
Maersk relaunched SeaLand in January to provide more specialized service in the Americas’ north-south trade. After some early hiccups, it is now reporting solid progress.
Yilport Holding, the leading Turkish port operator, has reached agreement to take over Tertir, a Portuguese port and logistics company, with terminals in Europe and Latin America.
Total U.S. freight movement dropped in August, and new orders also declined, setting the stage for flat growth for the rest of the year, forecasts an organization representing supply chain logistics professionals. The message builds on the ominous signs for freight growth seen through high inventories and high sales-to-inventory ratios.
Jawaharlal Nehru Port Trust, India’s biggest container handler, is increasing intermodal train deployments and rolling out more proactive measures in an effort to alleviate the backlog of containerized freight built up during the past few weeks.