CEVA’s earnings were up almost a fifth in the first quarter higher air and ocean freight volumes and the benefits of a new business model offset significant exchange rate fluctuations
Lufthansa Cargo more than doubled its first quarter operating profit, setting up a sixth consecutive year in the black in the face of a weak global air freight market that has pulverised the finances of its European rivals.
New Jersey Gov. Chris Christie refused to to sign legislation to withdraw his state from the Waterfront Commission of New York Harbor and transfer its New Jersey duties to the state police.
The cargo of the world’s largest retailer contributes to the slightly more than 200 20-foot-equivalent units hauled on the Kansas City Southern network weekly from the port of Lazaro Cardenas to its Houston area intermodal terminal
Freighter operator Cargolux has launched a new twice-weekly air service between Chicago and Zhengzhou, China.
Global air freight traffic rose 1.6 percent in March from year ago, down from a 12.2 percent surge in February that was skewed by the timing of the Chinese New Year and congestion at U.S. West Coast ports, the International Air Transportation Association reported.
There’s a silver lining in every sky-high stack of containers — if you’re an expedited trucking company. For carriers that move goods quickly by any and all means possible, the container logjam that built up during the West Coast port labor dispute was simply a bonanza.
Navios Maritime Partners, the NYSE-listed Greek dry bulk and container ship-owner, restated its focus on the container sector as it reported lower first quarter income.
The export growth rate of emerging markets in the last 20 years will not be seen in the next two decades as rising wages make outsourcing less attractive and new technologies such as 3D printing start to gain more traction, according to researchers.
There is little sign of China’s factories ramping up production for the mid-June start of the peak ocean shipping season as factory activity stumbles to its lowest level in a year.
Increasing cooperation between Hamburg Sud and carriers in the Ocean 3 alliance suggests it “seems only a matter of time” before the German container line joins the alliance, Drewry Container Insight said in a speculative commentary this week.
Eco Flow, a Southern California harbor trucking company backed by a venture capital firm in Los Angeles, on Monday announced with the Teamsters union the formation of a motor carrier with employee drivers.