The container sale and leasing business is not benefiting from rebounding trade volumes on major east-west routes as low rental yields and falling prices in a lacklustre shipping environment put the squeeze on the global market leaders.

A U.S. appellate court panel ruled that as many as 2,300 FedEx Ground drivers in California and Oregon were employees, not independent contractors, when they worked for the package delivery company in the last decade.

Large waves powered by Hurricane Marie tossed rocks onto the roadway at the Port of Long Beach.
Two cargo terminals at the Port of Long Beach suspended vessel operations because of storm surges.

Port de Djibouti
China Merchants Holdings (International) is the second state-owned terminal operator to post positive first half results with total container throughput rising by 18 percent to 38.5 million TEUs, consolidating its position at the top of the mainland’s port operator table.

Haier Electronics spent $60 million in the first half developing its logistics business as the well-known Chinese brand embarks on a bold new strategy to tackle the increasingly outsourced logistics requirements of household electrical appliances and consumer electronics.

CMA CGM has joined other major liner operators in imposing congestion surcharges on inbound inland containers handled at the ports of Jawaharlal Nehru (Nhava Sheva) and Pipavav, India’s leading container hubs, to compensate for the extra costs caused by intermodal delays.

The value of total trade and exports moving through U.S. foreign-trade zones last year hit record highs, reflecting exporter and retailers’ increased of the hubs.

Baltic Reefers will acquire NYKCool from NYK Reefers, the refrigerated shipping segment of Japanese shipping giant NYK Line on Sept. 1.

Made in Canada
Canadian export growth is slated to rise to 4.7 percent this year and 7.7 percent in 2015, as global and particularly U.S. demand builds, non-energy shipments rise, and the Canadian dollar weakens, according to the Royal Bank of Canada.

Truckload operators are increasingly willing to pay more to secure the truck drivers needed to deliver trucking capacity to shipper customers.

freezing ship in Arctic
While the melting polar ice cap presents opportunities for carriers to take cheaper and faster cross-Arctic shortcuts between the Atlantic and Pacific oceans, the chilly routes represent a dilemma for the marine insurance industry.

Officials at the Port of Hueneme hope that a new funding bill will help them become more competitive in years to come.

A survey of 2,000 truck drivers by National Retail Systems showed that 79 percent listed pay as their top reason for deciding where to work.