Maryland governor pledges to reapply for federal funding for Howard Street tunnel.
DHL has settled on its general rate increase for 2017.
Multiple calls by large vessels on certain days of the week, known as vessel bunching, are straining the equipment and labor resources at US ports and presenting a growing threat to productivity at container terminals.
The fee will further drive up surface transportation costs in Russia, where trucking rates are also set to jump.
Fesco’s revenue and earnings are still in freefall as Russia’s leading ocean and intermodal rail container operator struggles with a flatlining domestic economy.
APM Terminals has ordered more than 40 pieces of equipment for its second transshipment terminal under construction at the Tanger-Med port complex in Morocco.
Rotterdam announced a dip in its container traffic in the first nine months of 2016, just days after its top rival Antwerp booked an increase to further close the gap with Europe’s top box hub.
CEVA Logistics has named a veteran chief financial officer to the position effective immediately to replace Arjan Kaaks, who left the company after just more than a year with CEVA.
A recent spike in the container spot market has given carriers improved pricing power, with shippers resigned to paying higher rates in their 2017 service contracts.
The collapse of the seventh-largest global container line in terms of deployed capacity sends a clear message: All bets are off.