Chronic overcapacity in air and ocean container markets presents a long-term obstacle to profitability of forwarders, which achieve better results when rates are higher, according to Stifel.
The U.S. Senate will vote this week on a House bill that would pump $10.9 billion into the dwindling Highway Trust Fund, keeping funding for road and bridge projects flowing to states until next May.
With another week left before carriers in the trans-Pacific lanes attempt a general rate increase of $600 per 40-foot container, spot rates from Asia to the U.S. West Coast dropped once again.
CMA CGM said it will reorganize the rotations of its ASAF and WAX lines to improve service between Asia and West Africa.
Ship agents at India’s Port of Jawaharlal Nehru (Nhava Sheva) have expressed concern over a lack of effective measures by state-owned rail operator Container Corp. of India in clearing import backlogs that have reached “unprecedented” levels at the country’s biggest box gateway.
The recent recovery in China’s air cargo exports could stall this month as flight cancellations and lengthy delays hit airports across China’s eastern seaboard where suspected military drills are wreaking havoc on commercial air space that is already in short supply.
Six U.S. truck drivers have filed a class action suit accusing the Federal Motor Carrier Safety Administration of unlawfully disseminating reports of driver safety records to potential employers.
INTTRA has hired John F. Fay, formerly of brokerage Newedge Group, as CEO, effective immediately.
The Port of Barcelona's container volume rose 7 percent year-over-year in the first half of 2014.
WASHINGTON, D.C. — The American Trucking Associations is urging the U.S. Senate to pass a shorter “short-term patch” to the Highway Trust Fund than that approved by the House of Representatives earlier this month and then quickly move to finding a long-term funding solution.
Taiwan’s largest port, Kaohsiung, boasted its second-highest throughput on record in June as larger vessels called at the port and island trade showed strong growth.
The air freight market out of Asia is taking off, with solid figures reported by terminals, carriers, forwarders and the semiconductor industry, which plays a significant role in driving air cargo growth.
Matson Inc. has agreed to pay the U.S. government $9 million to settle allegations that the company submitted false claims for fuel surcharges on military household goods shipments between continental U.S. points and Hawaii and Guam.