The Japanese government has recently expressed concern to the U.S. government regarding the delays of U.S. forage exports because of U.S. West Coast port congestion, according to an agriculture shipper group.
A look back at the year’s host of general rate increases levied by shipping lines on their customers reveals the ineffectiveness of the practice, with no GRI sticking for longer than two weeks or achieving the sought after price hike.
The International Longshore and Warehouse Union and the Pacific Maritime Association returned today to direct contract negotiations but didn’t release any report from the meeting.
Spot rates in the eastbound trans-Pacific responded to carrier rate increase attempts by jumping about 40 percent this week, Drewry Maritime Research said.
Another set of historic rate increases are on tap for the trans-Pacific, as the 15 members of the Transpacific Stabilization Agreement announced hikes totaling $1,000 per FEU.
Truckload operator The Dart Network is raising pay for its company drivers and owner-operators, joining a growing legion of carriers boosting pay to attract truck drivers.
Japan’s trade surplus with the United States expanded by a whopping 20.4 percent in November on a year-on-year basis, as exports grew relatively strongly while imports fell, according to preliminary trade figures released by the Japanese Finance Ministry on Wednesday
World Shipping Council President and CEO Chris Koch in late July will hand over the reins of the trade group representing major container lines.
Rising volumes propelled FedEx profit up 23 percent year-over-year to $616 million in its second quarter ended Nov. 30, the second-largest U.S. transport operator reported today.
Maersk Line is merging its MECL1 and MECL2 services connecting the Middle East, India and the U.S. East Coast into a single weekly loop, beginning in mid-January 2015.
APM Terminals said one its nw Rotterdam terminals will be the first in the world to have a zero-emission footprint, thanks to a two-year contract to buy wind-generated electricity.
The largest container ship handled by an Indian port was the 14,000 TEU capacity vessel MSC Valeria at Mundra in 2013, a record that has little chance of being broken any time soon.
The International Longshore and Warehouse Union today recessed the caucus that it opened on Monday as the union awaited a response from the Pacific Maritime Association on its latest contract proposal.