Container volume at the Port of Philadelphia jumped 29 percent during the first half of the year, aided by two new services and a continuing shift of breakbulk to containers for shipments of imported fruit.
A year-long contract dispute between United Grain Corp. and the International Longshore and Warehouse Union effectively shut down export operations at the Vancouver, Wash., facility this month following a decision by the governor of Washington to withdraw state trooper escorts for grain inspectors.
The United States retained its status as Japan’s biggest export market in the first half of 2014 after defeating rival China by a narrow margin.
Swift Transportation, the largest U.S. truckload operator, got even bigger in the second quarter, but potential growth was restrained, the company said, by a “challenging driver market.”
Hamburg Süd has signed a preliminary agreement to acquire the container operations of the Valparaiso, Chile-based Compañía Chilena de Navegación Interoceánica, or CCNI, by Dec. 31, 2014.
Several container lines have planned general rate increases in multiple trade lanes in August, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Air France-KLM today said it is weighing a partnership or restructuring of its freighter business after booking cargo losses and charges of $205 million in the second quarter, but stressed it will remain a major player in the air freight market.
Total rail traffic on North American railroads broke the 11-million-carload mark this week, posting year-to-date gains of 3 percent compared with 2013.
Costamare’s revenue and net income grew in the second quarter as the Greek container shipowner boosted its fleet of chartered vessels.
Rail and truck shippers in North America continue to face constricted capacity and rising costs and the situation will most likely continue through the remainder of the year.
DP World’s container traffic increased 9.3 percent on a like-for-like basis in the first half of 2014.
Landstar’s Henry Gerkens is among those rejecting the possibility of a big drop in freight demand as the third quarter winds down.
As trucking companies strive to improve efficiency and streamline operations, shippers that actively help motor carriers improve productivity and profitability are the most desirable business partners, according to a new survey by Transplace.