Rep. Janice Hahn, D-Calif., urged the Federal Maritime Commission to investigate the Pacific Maritime Association’s “unilateral” curtailing of night, weekends and holiday hiring of dockworkers during recent West Coast longshore contract negotiations.
The port of Savannah will add 10 electric-powered rubber-tired gantry cranes this summer, increasing the number of RTGs in the port’s container yard operations to 146. The RTGs continue a pattern of heavy investment that is credited with helping the port sidestep congestion that has plagued other ports.
Brazilian officials are struggling to end an eight-day protest by truckers that threatens exports of a key Brazilian crop, soybeans. The truckers are blocking roads in 10 Brazilian states, delaying deliveries to ports.
Kuehne+Nagel posted a new record result in 2014 driven by a return to profit from its inland division and what it described as dmarket-beating growth in sea and air freight traffic.
APM Terminals restated its target of booking a $1 billion net operating profit after tax in 2016 as it emerged as the Maersk Group’s top performing division last year.
Maersk Group made a record net profit of $5.2 billion in 2014, up 38 percent on the 2013 result and driven by a strong performance by Maersk Line, which reported a profit of $2.3 billion.
Trans-Pacific air freight markets will continue to benefit from shipper demand as U.S. ports take several months to clear the backlog of containers that stacked up during the protracted waterfront labor dispute between terminals and the union.
Shippers can expect domestic intermodal rates to spike within the next month as U.S. West Coast ports regain productivity and shippers rush to move containers long-delayed by labor contract negotiations, an intermodal pricing index provider said Tuesday.
Truckload rates rose 7.9 percent from a year ago in January, gaining on December, while intermodal pricing dropped for the first time since 2013, Cass Information Systems said.
Matson posted increases in profit for the fourth quarter and full year of 2014 and said it expects “modestly higher” operating results in 2015, aside from the company’s pending acquisition of Horizon Line’s Alaska service.