Of the top-50 air cargo traffic streams outside the trans-Pacific market, only three city pairs recorded a positive revenue development in the first half: Nairobi-Amsterdam, Chicago London and Mumbai-London, according to the latest market information from WorldACD.
HONG KONG — Australia is preparing for a free trade agreement with its largest trading partner China that is se
Russia plans to significantly increase the volume of its container trade with Japan by building a new rail bridge that will connect Sakhalin, Russia's largest island in the north Pacific Ocean, with Hokkaido, Japan's second largest island.
The recovery at YRC Worldwide is gaining traction, as the company's regional and national subsidiaries reported stronger profits based on better pricing and freight mix. The company appears poised to emerge from eight years of annual losses, but executives warn its journey isn't over yet.
The U.S. congressional watchdog’s conclusion that the Federal Motor Carrier Safety Administration has limited ability to evaluate its controversial hours-of-service rules fuels the fight between the top U.S. trucking lobby and the U.S. Department of Transportation.
After bleeding market share in the first few months of 2015 because of congestion and labor problems, the Seattle-Tacoma gateway appears to be leveling off in the competitive Pacific Northwest. Port Metro Vancouver, British Columbia, is likewise leveling off, but Prince Rupert continues to register impressive double-digit gains compared to last year.
Asia-Europe spot rates more than doubled this week, hitting highs that haven’t been seen in months and giving carriers a much-needed glimmer of hope.
A new joint venture between DP World and Toll Logistics in Sydney, Australia, could provide a container shuttle out of Port Botany and slash exports of empty boxes.
The European Union has opened an investigation into FedEx’s efforts to acquire TNT Express on the grounds that there would be insufficient competition in the market.
Tasked with regulating products originating in more than 150 countries, the Food and Drug Administration is becoming more global in its approach rather than U.S.-centric and is boosting its foreign presence.
Kansas City Southern Railway’s new Wylie Intermodal Terminal will not only help handle anticipated growth in intermodal conversion in the Dallas area, but strengthen the railroad’s networks serving Mexico and the U.S. Southeast.
The $1.8 billion acquisition of Coyote Logistics adds truckload brokerage to UPS's transportation portfolio, giving it new inroads to shippers and freight, and promises greater efficiency for its package network.
Five firms, three joint ventures and two single companies, are aiming to win a concession to modernize Davao Sasa, a major gateway for Philippines exports, particularly bananas.