Airlines flying cargo between China and Europe will be hit hardest by Beijing’s One Belt, One Road trade strategy as the land bridge rail route proves too attractively priced to ignore, believes Steve Flowers, head of global freight forwarding at UPS.
No decision yet has been made on whether Hong Kong’s Competition Commission will grant the liner industry a block exemption from new rules to be enforced from December that will effectively render container shipping activity illegal.
Norfolk Southern Railway’s second-quarter earnings this year were not unlike its Class I counterparts: modest intermodal growth unable to combat declining fuel surcharge revenue and a soft coal market.
Captain Michael R. Watson, president of the American Pilots Association died July 23, 2015. He was 72.
If U.S. shippers feel less pain when it comes time to pay freight bills this year, they can thank the worldwide oil glut. With the third quarter under way, the very significant impact of the collapse in oil and fuel prices over the past year on U.S. freight transportation is clear.
DP World posted a 4.2 percent increase in container traffic in the first half of the year, driven largely by strong growth at its terminals in Europe and the United Arab Emirates.
Hapag-Lloyd has announced a general rate increase for shipments from the Middle East and the Indian subcontinent to the United States and Canada, as trade has grown by double-digits.
The operators of the first containerized rail train from China to the Port of Rotterdam will be followed by others in August and September, another sign of growing Asia-Europe rail momentum.
U.S. freight volume will jump 29 percent in the next 11 years, with growing energy production resulting in pipelines taking a larger slice of total tonnage, and trucking and railroads’ seeing their share shrink, according to report released Monday.
Brasil Terminal Portuário handled its one-millionth container Friday from the MSC Agrigento, the thousandth vessel to call at the Santos terminal since it opened 20 months ago.
The Port Authority of New York has agreed to several antipollution measures while it continues work on future phases of a program to replace older trucks at the East Coast’s largest port. But environmentalists aren’t content.