APM Terminals has fired 130 dockworkers at its general cargo terminal in Callao, Peru, where a strike has been ongoing since May 13.
As carriers prepare to implement the next round of Asia-Europe general rate increases on Monday, June 1, the spot market response was to plunge to the lowest ever official freight rate seen on the trade.
Indonesia’s plans to invest in infrastructure will pay off as the Southeast Asian country attracts cost-driven manufacturers moving their production out of China, according to Jakob Sorensen, president director of Maersk Line Indonesia.
The U.K.’s largest container port has a masterplan that includes doubling its capacity by 2030.
Kintetsu World Express’s $1.2 billion acquisition of APL Logistics was finalized on Friday, May 29, after the deal secured all the required legal, regulatory and shareholder approvals.
The value of goods trucked across the U.S.-Mexican border is outpacing the number of trucks making the crossing, rising twice as fast, U.S. transportation and trade data show.
Crowley Maritime Corp.’s global ship management group has been awarded a contract to crew, operate and maintain four U.S.-flag domestic ships that Pasha Group is acquiring from Horizon Lines for operation in the West Coast-Hawaii trade.
The Thai government has approved construction on a new harbor at the country’s largest port at Laem Chabang.
Matson Inc. has completed its previously announced $469 million acquisition of Horizon Lines, clearing the way for Matson to enter the U.S-flag domestic trade between the Pacific Northwest and Alaska.
International Container Terminal Services Inc. has agreed to pay $54.5 million to acquire Mexican port operator Terminal Maritima de Tuxpan.
Dockworkers in Israel have ended a two-day strike protesting the creation of new foreign-run port terminals.
For companies interested in oil field transportation, now is the time to buy. Low oil prices are encouraging acquisitions across the energy sector, including trucking. Canada's Aveda Transportation and Energy plans to bolster its U.S. expansion by acquiring Hodges Trucking in Oklahoma.
State-owned rail operator Container Corporation of India reported an 11.5 percent increase in consolidated net earnings in fiscal year 2014-15, which ended March 31, on the back of strong volume gains from its core international freight hauling activity.