Canadian National Railway faces a fine from the Canadian government after failing to obey Ottawa’s order to move a minimum amount of grain weekly.
FedEx Freight, the smallest operating division of FedEx but biggest stand-alone U.S. trucking company, flew higher than the company’s flagship Express division in the last quarter, increasing its operating profit a lofty 70 percent to $168 million on a 13 percent increase in revenue to $1.61 billion.
International intermodal volume growth in North America dropped markedly in August, providing another sign that the lack of a U.S. West Coast longshore contract hangs less on retailers’ necks because the majority of their holiday goods have arrived in the U.S.
Two Southern California politicians are asking the U.S. Army Corps of Engineers to hurry along repairs to the breakwater protecting the Port of Long Beach, two weeks after high winds and waves punched holes through the barrier.
Bunker prices have fallen to their lowest level in over a year after a three month slide, and oversupply may keep fuel costs for container lines relatively low throughout the end of the year.
State-owned Shipping Corporation of India has announced the launch of a fortnightly direct container service connecting major ports in the Indian subcontinent with Myanmar, starting this month.
T.S. Lines launches third India-China service in a vessel sharing agreement with Hanjin and Simatech
Mediterranean Shipping Co. today unveiled surcharges of up to $165 per 20-foot container on North European and North American routes that will be subject to new low-sulfur limits in 2015.
Air France initiated a contingency cargo plan today as pilots begin a week-long strike that will ground more than half of the carrier’s flights.
Work is scheduled to begin in October on a $30 million dredging project to widen a bend at the entrance of the channel at Port Freeport, Texas, in order to allow transit by larger ships.
The final piece of the puzzle, completing the circle –– container shipping analysts were searching for expressions to describe the Ocean Three alliance that was announced last week. But Drewry and SeaIntel were both in agreement that the alliance between CMA CGM, CSCL and UASC would see Ocean Three slot in just behind the 2M tie up of Maersk Line and MSC and see both alliances outpacing the rival networks of G6 and CKYHE.
Strong air cargo traffic out of Asia continued to lift Cathay Pacific volumes with August figures soaring almost 20 percent year-over-year and the Apple iPhone 6 launch expected to keep traffic high through September.
An estimated 300,000 40-foot reefer containers are expected to be added to the global fleet by 2018 as strong demand for perishables drives the business and improving technology enables their long distance transport.