A chassis provider has asked a federal judge to cancel all its per-diem leasing agreements with Hanjin Shipping.
A week after Hurricane Matthew’s clouds lifted, US shippers continue to experience delays or outright embargoes on cargo moving in and around eastern North Carolina where rail lines and roads remain underwater.
Quarterly net profit dropped at the third-largest trucking operator for the first time since early 2014, thanks to lower truckload and intermodal rates. Dedicated is an exception.
Extra charges collected by private terminal operators are hurting the progress of direct port delivery services meant to relieve congestion at the harbor and lower logistics costs for shippers.
A local official diverted union funds for personal use.
Hyperloop One is a US start-up developing technology to transport cargo in tubes at up to 700 miles an hour.
“Through global partnership and shared goals of operational excellence, there is much we can achieve together, even in the current difficult business environment,” said Kim Fejfer, APM Terminals CEO.
The value of second-hand Panamax container ships has plunged by as much as 45 percent.
The effort is aimed at alleviating landside congestion issues that have been a key contributor to the shift of traffic to privately-operated minor terminals.
"It is better to file an imperfect claim than no claim at all,” said Andrew Kehagiaras, partner in the Long Beach law firm Roberts & Kehagiaras.