New Jersey Gov. Chris Christie refused to to sign legislation to withdraw his state from the Waterfront Commission of New York Harbor and transfer its New Jersey duties to the state police.
XPO Logistics will nearly triple its drayage capacity through the acquisition of Bridge Terminal Transport for $100 million.
BNSF Railway’s net first-quarter earnings jumped 44 percent to $1 billion despite West Coast port congestion that pulled down its intermodal volume roughly 5.5 percent in the period.
Freighter operator Cargolux has launched a new twice-weekly air service between Chicago and Zhengzhou, China.
Global air freight traffic rose 1.6 percent in March from year ago, down from a 12.2 percent surge in February that was skewed by the timing of the Chinese New Year and congestion at U.S. West Coast ports, the International Air Transportation Association reported.
CEVA’s earnings were up almost a fifth in the first quarter higher air and ocean freight volumes and the benefits of a new business model offset significant exchange rate fluctuations
There’s a silver lining in every sky-high stack of containers — if you’re an expedited trucking company. For carriers that move goods quickly by any and all means possible, the container logjam that built up during the West Coast port labor dispute was simply a bonanza.
Navios Maritime Partners, the NYSE-listed Greek dry bulk and container ship-owner, restated its focus on the container sector as it reported lower first quarter income.
Lufthansa Cargo more than doubled its first quarter operating profit, setting up a sixth consecutive year in the black in the face of a weak global air freight market that has pulverised the finances of its European rivals.
The export growth rate of emerging markets in the last 20 years will not be seen in the next two decades as rising wages make outsourcing less attractive and new technologies such as 3D printing start to gain more traction, according to researchers.
There is little sign of China’s factories ramping up production for the mid-June start of the peak ocean shipping season as factory activity stumbles to its lowest level in a year.
Increasing cooperation between Hamburg Sud and carriers in the Ocean 3 alliance suggests it “seems only a matter of time” before the German container line joins the alliance, Drewry Container Insight said in a speculative commentary this week.