The Port of Virginia has deployed three hybrid shuttle carriers — the first of their kind in the U.S. — at its Virginia International Gateway terminal.
The G6 Alliance has withdrawn two more sailings on the Asia-Europe trade as the alliance has blanked 16 sailings in the past three months to staunch the bleeding in the trade’s freight rates.
The American Trucking Associations wants Congress to allow carriers to use hair-follicle testing as an alternative to urinalysis, but labor group oppose the change.
Nippon Express Co., Japan’s largest international freight forwarder, is investing heavily in Southeast Asia, particularly Vietnam, to position itself favorably ahead of the inauguration of the ASEAN Economic Community at the end of the year.
Malaysia-listed port operator Bintulu Port Holdings warned softness in the domestic container market could further crimp profit, which fell 31 percent year-over-year to 4.9 million in second quarter.
China and Kazakhstan are working to more than double containerized rail traffic bound for Europe via the launch of the Trans-Caspian international transport route connecting China, Kazakhstan, Azerbaijan, Georgia and Turkey.
Kerry Logistics grew its net profit by 11 percent in the first half to $69 million, driven by strong growth in its core integrated logistics and freight forwarding segments, but raised concerns over weak economic conditions that are affecting the cargo handling business.
Cosco Pacific is expecting a volatile second half of the year amid fierce competition in the container terminals and leasing business and has warned that the challenging operating environment will slow its throughput.
As U.S. auto sales surge, U.S. Southeast port are shifting into high gear to win that highly profitable roll-on, roll-off cargo.
Two cranes that arrived last week at Russia’s new deep-sea Port of Bronka will allow the port serving nearby St. Petersburg to better handle post-Panamax vessels.