Canadian Pacific Railway said it expects mid- to high-single-digit intermodal revenue growth this year, as domestic intermodal traffic builds steadily and container lines boost volume on improving services.
After five years of strength in the southbound leg, the weakening value of the real is generating strong demand for Brazilian exports.
Maersk’s chief executive warned global trade will never return to the heady growth rates experienced before the global financial crisis of 2008, partly due to moves by western firms to repatriate manufacturing closer to home.
Some furniture retailers aren’t able to show off their complete lines of products at a major Las Vegas exhibition this week because of U.S. port delays, an example how congestion isn’t just hurting shippers’ current sales but also their future business prospects.
Trucking companies serving a major intermodal complex in the Chicago area face longer trips after the Illinois Commerce Commission ruled that a key route must be shut down to commercial traffic because of safety concerns, according to various reports.
Sea Star Line and Crowley Maritime are adding container-on-barge capacity to the U.S. mainland-Puerto Rico service after Jones Act competitor Horizon Lines exited the trade lane in December.
Among the world’s largest trade lanes, the trans-Atlantic rarely grabs the headlines, but it can still spring a surprise. Final figures aren’t in yet, but the route grew faster than its larger east-west rivals and the much-hyped north-south trades through most of 2014.
Allcargo Logistics has kicked off a coastal container feeder service between West India and South India, expanding its core multimodal transportation portfolio.
Contship Italia, Italy’s biggest container terminal operator, boosted traffic by 5.7 percent in 2014 as surging volume at its part-owned Morocco transhipment hub more than offset flat traffic at its once high-flying domestic terminals.
Panama transshipment activity is expected to jump by double digits after the new Panama Canal locks open in 2016 and will be followed by longer-term annual growth of about 5 percent, Drewry Maritime Research said in the latest issue of its Container Insight Weekly.
Container traffic jumped 5.8 percent in 2014 at the port of Rotterdam, putting it on track to post one of the highest increases in the fiercely competitive Le Havre-Hamburg port range after years of the port trailing its rivals.
Sea Star Line will expand its U.S. mainland-Puerto Rico service on Jan. 29 by launching a weekly container-on-barge service in addition to the carrier’s roll-on, roll-off ships.
Hapag-Lloyd today became the latest carrier to implement a general rate increase — of $850 per TEU — in the Far East-Europe trade just days after rivals were due to hike rates on the world’s biggest liner route. However, rates could fall to levels not seen since 2011 when carriers cut their bunker adjustment factors in February, a London-based derivatives broker says.