A year ago, the European roll-on, roll-off market was rife with fears of carrier bankruptcies, shotgun sales and shuttered operations. Then the unexpected happened: Oil prices plummeted, and those fears haven’t just been allayed, but ro-ro carriers are on the verge of a mini-boom.
The privatization of Kingston Container Terminal should help revive transshipment, but the new operator will face competitive challenges
The Hub Group expects intermodal rail service to keep improving throughout the year but doesn’t expect a return to mid-2013 service levels until at least 2016.
With West Coast port congestion and container backlogs easing faster than predicted, beneficial cargo owners are reassessing their supply chain strategies for the coming shipping season.
The number of westbound 40-foot equivalent ocean containers available in Chicago and Kansas City surged in early April, another sign the West Coast container logjam has broken and the Chinese New Year reprieve is over.
Large, diversified truckload carriers found detours around the "soft patch" in the U.S. economy during the first quarter, with most increasing revenue and profit. A lack of drivers may have held back some companies.
Encouraged by a ruling late last year that found drivers at a Southern California drayage company were misclassified as independent contractors, a Teamsters-affiliated group is calling for a strike vote on Saturday by drivers throughout the Los Angeles-Long Beach port complex.
A former employee of U.S. mainland-Puerto Rico carriers Sea Star Line and Trailer Bridge has been charged with defrauding the companies of $2.1 million by submitting phony invoices for container and equipment decals and inspection and transportation of containers and equipment.
Horizon Lines said it expects to complete its sale to Matson by the end of Horizon’s second quarter in late June. The deal received clearance from U.S. antitrust regulators this week.
A graduated licensing program for commercial drivers is needed to bring younger people into the trucking industry, ATA executives said.
Orient Overseas Container Line reported falling volumes and revenue in the first quarter with the trans-Pacific and intra-Asia trades placing a drag on the carrier’s performance.