U.S. freight volume will jump 29 percent in the next 11 years, with growing energy production resulting in pipelines taking a larger slice of total tonnage, and trucking and railroads’ seeing their share shrink, according to report released Monday.
Brasil Terminal Portuário handled its one-millionth container Friday from the MSC Agrigento, the thousandth vessel to call at the Santos terminal since it opened 20 months ago.
The Port Authority of New York has agreed to several antipollution measures while it continues work on future phases of a program to replace older trucks at the East Coast’s largest port. But environmentalists aren’t content.
Americans love imported footwear. They bought 2.3 billion pairs of shoes, boots, sneakers, sandals and sundry other styles last year. That comes out to 7.3 pairs for every man, woman and child. While not enough to make Imelda Marcos green with envy, it’s enough to turn a lot of footwear executives gray with worry about where in the world to get them made at a cost and quality that will entice Americans to buy more.
Labor and port opposition to legislation that would require U.S. ports to provide monthly productivity reports have stripped out what is the arguably the crux of the bill: productivity reports during negotiations with unionized port labor.
IAG Cargo and Finnair Cargo have signed an agreement to share space on a freighter service between London Luton and Helsinki airports as the two carriers map out a new strategy following their decision not to operate their own cargo aircraft.
Container trade at Russian seaports continues to decline as the first half of 2015 saw container traffic in Russia’s maritime basins decline anywhere from 12 to 32 percent year-over-year.
Minor ports in India continue to rapidly gain market share on their major public rivals, thanks to aggressive marketing efforts and cargo diversions, with the newest data obtained by JOC.com showing so-called non-major cargo terminals recorded double-digit year-over-year container growth fiscal year 2014-15, which ended March 31.
TNT Express posted a 6.2 percent increase in second-quarter revenue, driven by a stronger dollar and growing business from small and medium-sized customers.
Air France-KLM’s cargo business is sinking deeper into the red as its second-quarter operating loss soared to 78 million euros ($86 million) from 45 million euros a year ago despite desperate cost-cutting measures.