DFDS, the short-sea shipping and logistics group, raised its full year earnings outlook after operating profit surged 150 percent in the first quarter as higher freight traffic on its North European network offset lower volumes on Russian routes.
China’s top 20 coastal ports in April began to claw back some of the container volumes lost during the dismal foreign trade recorded in March, even though exports continued to fall in year-over-year comparisons.
Shipping Australia boss Rod Nairn doesn’t always agree with officials, but when deputy prime minister Warren Truss outlined the government plan to simplify coastal shipping regulation, he was all for it.
U.S. West Coast waterfront employers overwhelmingly voted to ratify a five-year contract with the International Longshore and Warehouse Union, bringing both sides one step closer to healing the wounds inflicted on shippers during months of congestion.
More high-tech companies across the globe are moving their operations back to, or near, the location of demand for their products, building more flexibility into their supply chains, according to a new study published by UPS.
Spot market truck freight volumes in the U.S. dropped 10 percent in April from March, but remained above April 2013 levels, according to DAT Solutions. The sagging spot market is another indication that the U.S. economy has yet to find the lever to pull to restore the stronger growth it enjoyed in 2014.
With no clear path to prevent a recurrence of the crippling, nearly yearlong disruption visited upon West Coast ports and, as of this writing, no final ratification of a new contract by West Coast dockworkers, shippers are exercising their right of free choice and walking away.
Marine terminal operators, warehouses and truck facilities in California could be called upon to manage harmful emissions under the California Air Resources Board’s proposed Sustainable Freight Plan, according to a shipping industry representative.
In an attempt to ensure sufficient availability of chassis during the summer-fall peak-shipping season, the Port of Long Beach Thursday will meet with potential bidders interested in managing a peak chassis fleet.