U.S. containerized ocean trade via European ports, including transshipment cargoes, increased 3.5 percent year-over-year to 4.7 million 20-foot-equivalent units in the 12 months ending in March, according to PIERS, a sister product of The Journal of Commerce within IHS Maritime & Trade. While U.S. exports tumbled 4.6 percent to just more than 1.9 million TEUs, U.S. imports, comprising 59.3 percent of the trade, jumped 9.9 percent to nearly 2.8 million TEUs.
Egypt should deliver on a commitment to dredge a new Mediterranean access channel to the Suez Canal as soon as possible or it risks derailing the goals of its ambitious Suez-centered development plans.
The world’s largest container carrier — and reefer carrier — Maersk Line is well-versed in the details of shipping temperature-controlled cargoes. William “Bill” Duggan, vice president of North American refrigerated services, recently shared his thoughts on key challenges and opportunities confronting the global reefer market.
The commissioners of the Ports of Seattle and Tacoma have given the final OK needed to launch an alliance aimed at helping the former rivals stave off growing competition, and regain market share.
Unifor, Canada’s largest private sector union, has filed a lawsuit to force Vancouver drayage firms to pay back wages to drivers that were part of a 2014 agreement to end a month-long strike at Port Metro Vancouver.
The value of major global transportation acquisitions jumped 50 percent in the second quarter and rose 16 percent from the first quarter, as trucking and logistics firms reached across borders to buy their way into new markets and expand services.
CMA CGM plans to deploy three 2,100 twenty-foot-equivalent unit container ships with heavy refrigerated capacity on the North Europe-Caribbean trade lane to handle forecasted rising demand.
The U.S. Federal Maritime Commission has collected $1.2 million in civil penalties from six companies for alleged Shipping Act violations, the agency announced Tuesday.
In the latest leadership change at Norfolk Southern Corporation, the company announced Tuesday that Deborah Butler, chief information officer and executive vice president of planning, will be retiring October 1.
Egyptian armed forces are on high alert ahead of the ceremony to open the $8 billion, 44.7 mile extension to the Suez Canal on August 6, which will for the first time allow two-way traffic on the canal, creating economic benefits for both international shippers and the local economy.
By cutting 800 higher cost older tractors from its fleet this year, USA Truck hopes to make more money with less capacity. The truckload carrier increased its net profit by $1.7 million in the second quarter to $2.5 million, while revenue dropped.
Port Itapoa is expecting an 11 percent jump in container traffic this year, thanks to robust chicken and beef exports to China, new services and better road connections.
Nippon Express Co., Japan’s largest international freight forwarder, saw its group net profit soar in the first quarter of fiscal 2015 on the back of robust international revenue growth driven by the weak yen and increased air cargo traffic.