Carriers on the trans-Pacific have unveiled a bold new pricing approach to the 2015-16 contract season that will establish minimum rate levels and improve the bunker fuel cost recovery mechanism.
Nearly 300 shippers, port authorities and transportation groups are urging the U.S. Congress to follow through with its plan to send more money collected via harbor maintenance taxes back to ports.
While congestion continues to plague ports in North America and northern Europe, a number of other incidents are popping up that are also likely to negatively impact the global schedule reliability of ocean carriers.
Asia Pacific airlines saw freight traffic grow by 6.2 percent in August on the back of robust demand for electronic consumer products, according to the Association of Asia Pacific Airlines (AAPA).
China will delay implementation of its advanced manifest rule beyond its previously announced date of Sept.
The approaching holiday season will lift air freight pricing through the rest of this year, according to Drewry Shipping Consultants.
Even though the $5.3 billion Panama Canal expansion has yet to be completed, Panama Canal Authority Administrator Jorge Quijano already envisions another expansion within 25 years to handle even larger container ships.
The Carlyle Group took advantage of a short spike in YRC Worldwide's stock price last week to sell more than 4 million shares for $89.4 million.
A Dutch court has rejected a claim by ECT, Rotterdam’s largest container terminal operator, that the port authority acted unlawfully in awarding concessions for two giant terminals about to start operations to its rivals.
The 12 members of the Transpacific Stabilization Agreement are pushing for the 10th general rate increase in 10 months as Asia-U.S. spot rates continue to fall.
Average U.S truckload spot market rates slipped slightly in the week that ended Sept. 20 as the number of shipments on the market dropped 3.5 percent, DAT Solutions said. However, both rates and freight activity are “robust” when compared with a year ago.
Emirates Shipping Line has expanded its Gulf-Indian subcontinent-Africa (GIA) service by adding a direct call at the Port of Jawaharlal Nehru (Nhava Sheva), India’s largest container gateway.
MEXICO CITY — Intermodal rail in Mexico is taking off. The shift of loads from road to rail is driven by several factors including the need to reduce theft as well as growth from the country’s container ports fueled by growing demand from the booming manufacturing sector and burgeoning middle class.