The operational update of Orient Overseas Container Line is a perfect reflection of the dismal operating environment container lines are trapped in — more cargo is being carried on major trades for less revenue.
International Airlines Group posted a further steep decline in freight traffic and lower revenue in the third quarter.
Illegal payments now account for more than half the cost of import and export processes through Nigeria’s ports.
Spot rates on Asia-Europe and Asia-Mediterranean surged upwards, continuing a trend of rising price levels since the record lows recorded in March.
Hanjin collapse and chassis shortages result in longer truck visit times in LA-LB in September.
The Oak Brook, Illinois-based trucking and transportation provider posted record-breaking domestic intermodal volume but tightening profit margins in their third-quarter earnings.
As e-commerce volumes rise, UPS is adding more capacity.
The acquisition gives Canada's largest trucking operator a bigger US presence and route into Mexico and helps XPO pay down debt.
The US Maritime Administration will provide $4.64 million in “marine highway” grants for five existing or proposed container-on-barge services.