Container lines’ on-time reliability in April was the best since October, indicative of a return to “normal” operations in the major trade lanes, according to Drewry Maritime Research.
Zim Integrated Shipping Services returned to profit in the first quarter as a multi-billion dollar restructuring and sharply lower fuel prices accelerated its financial revival after seven straight years in the red.
Alitalia’s announcement that it will not renew its partnership and joint venture accords with Air France-KLM paves the way for Etihad Airways, the carrier’s dominant 49 percent shareholder, to expand its European freight footprint.
The acquisition of Hazen Final Mile gives TransForce and same-day logistics subsidiary Dynamex a longer reach in e-commerce shipping markets.
Asia’s top airlines in aggregate operated at close to break even in 2014, compared to net earnings of $2.2 billion the previous year as fierce competition eroded profitability, according to data from the Association of Asia Pacific Airlines (AAPA).
As the Nicaragua canal continues its search for investors, another mega-canal project has been linked to China, this one in southern Thailand across the Isthmus of Kra.
Container traffic in Seattle-Tacoma returned to normal in April as the vessel and container backlogs that had developed over four months of labor slowdowns dissipated.
A U.S. trade commission has ruled against making temporary duties permanent on Chinese manufactured 53-foot containers, dealing a blow to the North American manufacturers that accused their Far East competitors of dumping their products in the U.S. market.
Online retails sales in the U.S. marked another record-breaking quarter in the first three months of 2015 after an especially harsh winter kept many consumers inside, shopping from the warmth of their own homes.
Truck tonnage slipped 3 percent in April from March and rose only 1 percent from a year ago, but remains well above 2013 levels, according to the American Trucking Associations. That signals trucking may be driving across a new economic plateau.