Singapore Airlines had a bad start to its financial year, ending the first quarter with earnings down 70 perce


More shippers contracting with C.H. Robinson Worldwide shifted loads from railroad to highway in the second quarter after seeing intermodal rail service deteriorate.

WASHINGTON — U.S. House and Senate leaders have less than three days to work out their differences in seeking a short-term patch for the main engine of federal highway construction.

ANA Holdings Inc.’s international cargo revenue surged nearly 20 percent year-on-year in the first quarter of fiscal year 2014.

Despite managing to restore profitability in the past year, MOL president Koichi Muto said the company’s container division continues to lose money and can’t recover without massive changes.

XPO Logistics will add more than half a billion dollars in revenue to its top line by acquiring New Breed Logistics for approximately $615 million.

Container vessel Hanjin Lisbon
Hanjin Shipping posted a net loss of $194 million in the second quarter, but the weak financial performance was eased by aggressive cost cutting in its container division that managed to lift the Korean carrier’s operating profit.

Aerial view of portion of Port Canaveral
A U.S. House Republican has asked Treasury Secretary Jack Lew to review whether the granting of a 35-year container terminal concession at Florida’s Port Canaveral to United Arab Emirates-based port operator Gulftainer will impact national security.

Drewry’s benchmark spot rate from Hong Kong to Los Angeles remained at $1,800 per 40-foot container for a second week.
In a now familiar pattern, trans-Pacific spot prices held steady ahead of another general rate increase after dropping precipitously the week before.

DSV flags
DSV today became the latest top 10 freight forwarder to post market-beating growth in ocean container traffic as the consolidation of the fragmented global logistics industry gathers pace.

Blue Dart Express, India’s leading air express and logistics services provider, reported its net profit fell 16 percent in the first fiscal quarter.

Japan Airlines Corp.’s group net profit tumbled 19.4 percent in the first quarter of fiscal 2014.

Gene Seroka
In Gene Seroka’s first meeting with Los Angeles Mayor Eric Garcetti after being named executive director of the Port of Los Angeles last month, the mayor told Seroka what is expected of him: “Maintain and grow the nation’s number one port.”