Spot freight rates on the key Asia-north Europe trade are reported to have slumped to just $750 per 20-foot container, down more than $1,000 since the beginning of the year.
China’s Ministry of Environmental Protection is considering new regulations that would put provincial authorities in charge of approving wastepaper imports that the ministry now regulates.
The percent of import containers arriving at the Los Angeles-Long Beach gateway that were transloaded into domestic containers for onward rail transport into the interior U.S. continued to increase last year and is forecast to continue rising in 2014.
Last winter’s harsh weather has caused a six-month delay in completion of a project to raise the Bayonne Bridge’s clearance to allow passage by larger container ships at the Port of New York and New Jersey.
Hong Kong’s container throughput in August slid into negative territory for the first time since February, down almost 3 percent year-over-year as the summer peak season momentum began to slow.
Norfolk Southern Railway told shippers not to expect service improvements until late November, as peak volumes and annual maintenance work blunt efforts to restore network velocity.
Advances in technology and shipper demand are leading trucking companies toward the 'connected enterprise' and closer ties to customer supply chains.
After only 100 days in office, it’s clear that India’s new prime minister, Narendra Modi, will make reducing port bottlenecks a priority.
Three major container lines have announced plans to launch a mega-alliance, dubbed Ocean Three, or as the JOC.com team likes to call it, O3.
Two Southern California politicians are asking the U.S. Army Corps of Engineers to hurry along repairs to the breakwater protecting the Port of Long Beach, two weeks after high winds and waves punched holes through the barrier.
Bunker prices have fallen to their lowest level in over a year after a three month slide, and oversupply may keep fuel costs for container lines relatively low throughout the end of the year.
State-owned Shipping Corporation of India has announced the launch of a fortnightly direct container service connecting major ports in the Indian subcontinent with Myanmar, starting this month.
T.S. Lines launches third India-China service in a vessel sharing agreement with Hanjin and Simatech