Operations at ports on the Virgin Islands and Puerto Rico were shut down Thursday as the eastern Caribbean awaited the arrival of tropical storm Erika.
Port Tampa Bay CEO Paul Anderson on the maritime trade industry's recent labor contract issues on the West Coast and the need for more influence on Capital Hill.
Global terminal operator DP World reported a 22 percent increase in net profit during the first half of 2015 but said it expects growth to slow amid a “challenging” global economy during the rest of year.
Erik Yim, senior commercial director for China Merchants Holdings (International), on competition in South China, CMHI's home ports development, the impact of growing manufacturing in the Pearl River Delta region and the company's expansion strategies.
Russian railway monopoly RZD plans to build a $30 million inland hub aimed at reducing congestion at the nearby St. Petersburg port and handling transshipped cargo from the country’s largest container gateway.
Gateway Terminals India, or APM Terminals Mumbai, said it is taking all the necessary steps to speed up its gate activity that has drawn complaints from logistics providers operating in Jawaharlal Nehru Port Trust, the country’s busiest container gateway.
In a high-risk, possibly high-reward attempt to manage truck flow and reduce congestion, 10 of the 13 container terminals in Los Angeles-Long Beach on Thursday adopted a trucker appointment system action plan with the goal of establishing a system of appointments throughout the harbor beginning in 2016.
DHL Express will invest $20 million in sub-Saharan Africa this year to increase its footprint, taking the German logistics giant’s total investment in the continent to more than $50 million in the last year.
Lower fuel prices are putting more trucks on the road, helping to keep a cap on spot market truck rates, DAT Solutions said. Van rates dropped in the last week, while refrigerated and flatbed rates remained the same.
The Port of New York-New Jersey posted double-digit container growth again in July, breaking the import record it set in May and illustrating how U.S. West Coast diversions are positioning the top U.S. East Coast port for a healthy peak season.