Don't be fooled by a seasonal drop in net trailer orders in January — a stronger economy and changing equipment strategies are contributing to a "vibrant" trailer market in the U.S., as FTR sales data show.
Retailer Home Depot said its import shipments have been delayed by West Coast port delays, but that it has been able to adjust its supply chain to keep stores supplied.
Less container ship capacity is expected to be scrapped this year, as the price of steel continues to drop and the pool of older vessels shrinks, analysts say.
Annual costs to operate a hypothetical 500,000-square-foot distribution center with 150 employees could range from $11.3 million to $15 million among U.S. cities surveyed by a national site-selection company.
Greece’s pledge on Tuesday not to halt ongoing and planned privatizations has paved the way for the sale of the state’s stakes in the ports of Piraeus and Thessaloniki, Athens airport and rail freight companies.
Maersk Group is tipped to announce its second share buy-back in six months on Wednesday when it unveils fourth-quarter 2014 results that are likely to be dominated by surging container shipping profits.
Canadian National Railway late Monday night withdrew its threat to lockout 4,800 union members after the railroad reached a tentative labor agreement with Unifor.
Seaspan’s net profit for 2014 fell 56 percent year-over-year to $131.2 million, although the container ship owner reported that its “normalised net earnings” grew by 14.6 percent to $139.1 once the results were adjusted to account for items it did not consider representative of its operating performance.
Trade between China and Iran has been growing at almost 40 percent a year since 2012, driven by rapidly rising consumer demand, according to a Seabury Group study.
After months of bitter negotiations, and with a tentative waterfront contract that is barely three days old, Southern California political, labor and management leaders on Monday said they will focus now on returning the largest U.S. port complex to normal operations.