Marine terminals at the Port of New York and New Jersey, the largest East Coast container port, will close early today and remain closed Tuesday as the entire Northeast braces for a winter storm of historic proportions.
Canadian Pacific Railway said it expects mid- to high-single-digit intermodal revenue growth this year, as domestic intermodal traffic builds steadily and container lines boost volume on improving services.
After five years of strength in the southbound leg, the weakening value of the real is generating strong demand for Brazilian exports.
Congestion and delays at U.S. West Coast ports meant UPS had to scramble to get containerized goods into its inland delivery network and to customers. Higher purchased transportation costs were a factor in lower fourth-quarter earnings.
Kenya’s Dock Workers Union (DWU) has modified its long-held opposition to private operation of Mombasa port’s new container terminal.
Cargo volumes at non-major, also known as minor, ports in India expanded at nearly three times the pace of “major” ports owned by the federal government, reflecting rerouting of traffic to avoid ongoing congestion problems at major ports.
Hong Kong Air Cargo Terminals Ltd. (Hactl) ended a solid 2014 by recording its strongest quarter of the year as Asia’s air freight sector continued its robust recovery.
The new carrier mega-alliances are set to shake up market share on the key Asia-North Europe liner trade while shippers will benefit from a greater choice of services, and probably lower freight rates, according to Drewry Shipping Consultants.
China’s largest shipping company, China Ocean Shipping (Group) Co., sailed back to profit in 2014 after three loss-making years, according to mainland media.
A European Commission proposal calling for carriers and forwarders to identify the buyers and sellers of imported goods in their customs filings has been slammed by the World Shipping Council (WSC).
The development of Oman’s Sohar Port and Freezone and its links to the Arabian Peninsula and Gulf nations have placed the port city firmly on China’s radar as it works to build a “Maritime Silk Road” between Asia and Europe.
HONG KONG — An estimated 10 million square feet of warehousing space will be completed in the Shanghai area this year, wi