Fesco’s first quarter earnings rose 5.4 percent as cost savings offset a slump in container volumes resulting from a fragile Russian economy and a depreciating rouble.
The carriage of lithium batteries by air is continuing to tax the minds and patience of airlines, several of which have simply banned bulk shipments outright on all passenger planes and freighters until they are safer to carry.
After its first foray into an international market ended in a billion dollar loss last year, Target Corp. is once again embracing new additions to its supply chain. This time they’re playing it safe, though, investing in a market where they have a proven track record: the Internet.
The U.K.’s largest port, which has just announced plans to double its capacity, had to close Tuesday morning due to strong winds affecting operations.
China's Shanghai International Port Group late last week inked a deal with Israeli port authorities, obtaining the right to run the new Haifa port in northern Israel for 25 years.
India’s Jawaharlal Nehru Port Trust, or Nhava Sheva, which had been on the receiving end of intense shipper complaints over cargo delays in the recent past, is turning things around with an equipment upgrade and the introduction of other proactive measures.
Retailer Five Below has opened a 1,015-square-foot distribution center in southern New Jersey that will serve 300 of the company’s stores in the eastern United States.
Maersk Line today signed an order for eleven 19,630 TEUs container ships, in a $1.8 billion deal aimed at consolidating its ranking as the world’s largest ocean carrier.
Uncertainties over implementation of the contract are bound to occur in the weeks ahead at all West Coast ports until the International Longshore and Warehouse Union and Pacific Maritime Association provide clarity on important provisions in the contract covering work rules and related issues such as mandatory dockworker inspections of chassis at marine terminals.
United Arab Shipping Co. is seeking to broaden its service reach by adding refrigerated container capacity and joining CMA CGM and Hamburg Sud in a weekly vessel-sharing agreement in a bid for a bigger slice of trans-Atlantic trade.
Pasha Hawaii will add a second weekly call at Los Angeles and discontinue direct calls at Tacoma in a service overhaul that follows the carrier’s takeover last week of Horizon Lines’ Hawaii routes.
CMA CGM’s new Wazzan service linking Morocco and Northwest Africa is designed to tap into a growing intra-Afric