Norfolk Southern Railway company president Jim Squires will succeed Wick Moorman as CEO of the fourth largest railway in the U.S. in three months.
MOL on Monday confirmed orders and charters for six 20,150-TEU vessels that catapults the Japanese carrier into the ranks of the operators of the world’s largest container ships.
U.S. exports of agricultural goods have outpaced imports since 1960, generating a surplus in the nation’s farm trade and helping to “counter the persistent deficit in nonagricultural U.S. merchandise trade,” according to the U.S. Department of Agriculture’s Foreign Agricultural Service. Much of the trade in this sector relies on an integrated global cold chain.
Old Dominion Freight Line will keep its long-term expansion rolling this year, spending $463 million on terminals, tractors, technology and people.
SeaLand, the hallowed container shipping brand relaunched by Maersk Line in January, sees an opportunity to gain market share in the Latin American lanes resulting from two mergers — between two German container lines and two Chilean carriers.
The U.S. faces many challenging port issues but chief among them is a system of labor-management relations that fails to consider the interests of the ultimate customers, the chairman of Kuehne + Nagel told TPM 2015 in Long Beach on Monday.
The shipping executive perhaps best suited to assess the relationship between container lines and non-vessel operating common carriers sought on Monday to set to rest the tensions that have long existed between the two, and very much continue today.
Norbert Dentressangle’s operating profit surged 18.6 percent in 2014 as it reaped an early benefit from its $750 million acquisition of Jacobson, the fourth largest U.S. logistics group.
Rickmers Group, the leading German ship owner and manager, said it has successfully concluded negotiations with its bankers to restructure 1.28 billion euros (US$1.43 billion) of loans.
The Indian federal government pledged to go ahead with its plans to make major ports independent companies instead of government-controlled landlord ports despite fierce opposition from the highly unionized labor force.