China Merchants Holdings (International)’s first half net profit jumped 29 percent year-over-year to HK$2.8 billion ($US 361 million) after throughput gains at Chinese terminals exceeded China’s overall container growth rate and traffic through overseas facilities rose at a double-digit clip.
If you judge the automotive market by the trade volumes handled by mid-Atlantic ports, Americans are buying imported cars at a torrid pace, and so are Arabs. With U.S. automobile sales up 4.5 percent year-over-year to more than 10 million units in the seven months through July, mid-Atlantic ports are enjoying strong imports. New and used-car exports, too, are flourishing.
Negotiations spearheaded by Indian Finance Minister Arun Jaitley and his other cabinet colleagues to avert a threatened general strike on Wednesday collapsed at the weekend, setting the stage for a big battle between labor unions and government authorities.
The port of Savannah has secured new refrigerated cargo business, building on its compound annual growth rate in reefer traffic of 5.6 percent over the last five years.
The Port of New York and New Jersey has introduced a central web portal to enable truckers and shippers to check container availability, export booking status and other information before drayage drivers are dispatched to terminals.
U.S. Customs and Border Protection said Monday that it’s extending its November deadline for the ACE "single window" program until February, after a rash of complaints and concerns from brokers, shippers and others aren’t ready for the new system.
National Retail Systems is putting an all-electric truck into drayage service at the Port of Los Angeles for retail shipper IKEA, which has aggressive sustainability goals.
The port of Savannah has had blistering year so far, with huge volume increases and market share gains in the Southeast and nationally. But for the leader of the Georgia Ports Authority, any optimism tied to being the fastest growth major U.S. port this year must be tempered by continuing difficulties at other East Coast ports that could end up affecting Savannah
Brazilian beef exporters are poised to double their shipments to Iran after the major Middle Eastern importer ended a three-year ban on non-frozen shipments from the state of Parana.
Preliminary highway safety data showing deaths caused by U.S. traffic accidents spiked 9.5 percent year-over-year in the first quarter and rose 30 percent over the course of 2014 could add pressure on Congress to hold firm on or even tighten regulation affecting truck and overall highway safety.
TOTE launched the second of two liquefied natural gas-powered container ships that the company’s Sea Star Line subsidiary will operate between the U.S. mainland and Puerto Rico.
CMA CGM ‘s second quarter net profit jumped 66.7 percent as rising volumes and lower costs driven by oil prices offset a 7.8 percent drop in average revenue per container.