Saia was unable to ride pricing discipline to increased profitability in the fourth quarter as volume declines, which have hit other less-than-truckload operators, proved too much to overcome for the tenth-largest U.S. LTL carrier.
Container lines, at least in the U.S., are starting to take forceful action to prepare for the Safety of Life at Sea, or SOLAS, weight verification rule.
Russia’s First Deputy Prime Minister Igor Shuvalov has issued an order to the Russian Federal Customs Service to significantly streamline customs clearance procedures with the aim of speeding cargo handling at Russia’s borders and seaports.
Big increases in loaded import containers and empty export boxes pushed the Port of New York and New Jersey’s 2015 volume to a record 6,371,720 twenty-foot-equivalent units, despite soft December totals and continuing problems with congestion.
Dole’s deployment of the Dole Pacific on regular service between California and Latin America is the latest sign of how refrigerated ship operators are turning increasingly to container ships from traditional break bulk vessels.
Nigeria’s navy has secured the release of the Safmarine Kuramo from pirates that hijacked the vessel Friday as it made its way from Pointe Noire, Congo to Onne, Nigeria.
Nippon Express Co., Japan’s largest international freight forwarder, saw its net profit rise at a double-digit pace in the first nine months of the fiscal year ending in March despite paltry revenue growth.
Gateway Distriparks Ltd., India’s leading port-based logistics provider, recorded a 43 percent fall in its net earnings during the third fiscal quarter, hit by slowing container volumes resulting from sluggish demand and supply chain disruptions caused by foul weather in Chennai in early December.
Rather than being a loss for the Port of Oakland, the pending departure of Outer Harbor Terminal will be an economic plus to the port complex because it will concentrate more revenue-producing container volume into fewer marine terminals in order to fund their growth, Executive Director Chris Lytle said at the weekend.
Tight cost controls coupled with low fuel prices helped trucking giant Transport Corporation of India post healthy results in the third fiscal quarter, according to a company filing with the Bombay Stock Exchange.