Hutchison Ports Australia and the Maritime Union of Australia agreed Friday to return to the negotiating table, preventing a looming court action and paving the way to an end of a bitter fight over layoffs at Hutchinson’s Brisbane and Sydney terminals.
The California Trucking Association tied its support of truck appointments at Los Angeles-Long Beach container terminals to creation of port-wide metrics to gauge the appointments’ effectiveness.
Weak Asian demand pulled down cargo traffic at Amsterdam Airport Schiphol in the first six months of the year, another sign of how China’s slowing economy is curbing shipments of high-value products such as electronics and auto parts.
A senior transportation official in Tianjin, China was found dead Wednesday after falling from his office.
The return of company founder C.L. Werner as chairman and CEO will help the fifth-largest U.S. truckload carrier map a long-term route, as president and COO Derek Leathers is groomed for a bigger role.
When China devalued its currency in mid-August after a 10-year run-up against the dollar, the People’s Bank of China described the move as a natural step toward the creation of a market dominated Chinese exchange rate. No one in the market — not importers, exporters, manufacturers, investors or analysts — bought the message. Global stocks and commodity markets sold off at an astonishing rate, triggered by fears that China could launch a prolonged currency war that would boost its own exports at the expense of those it buys from, including the U.S.
The International Air Transport Association director general and CEO Tony Tyler will retire in June next year after serving five years in the position.
The development of Port Louis will not only accommodate increasing container traffic, but also mitigate the likely impact of the cyclonic weather to which the country of Mauritius is prone, giving shippers more reliability.
China carrier Nan Tsing Container Lines told employees it has suspended all business operations and was preparing to dismiss staff because of mounting debts amid a slowdown in domestic shipping.
Air cargo demand among Asian carriers weakened in July as demand for exports fell along with global trade, according to the latest data from the Association of Asia Pacific Airlines (AAPA).