The economics of the megaships of 18,000 20-foot-equivalent units that container lines are building and deploying may not be all they are cracked up to be. The savings that carriers are touting as the reason for ordering them may not be as great as advertised when all their costs are factored in.
Greek dock workers are due to stage a 24-hour strike on Thursday to protest the privatization of the ports of Piraeus and Thessaloniki.
An employee-based trucking model backed by venture capital that was announced Monday in Los Angeles-Long Beach is expected to gain traction in harbor drayage, but it won’t dominate the industry any time soon.
Logistics service provider Expeditors International of Washington said its first quarter operating income jumped 25 percent, aided by higher airfreight volume from West Coast port congestion.
One developer is betting big on BNSF Railway’s Kansas City logistics park. NorthPoint Development this week announced the construction of a 822,104-square-foot speculative building at the park.
Don’t call the Freightliner Inspiration a “driverless truck.” The heavy-duty tractor, unveiled yesterday by Daimler Truck North America, is an “autonomous commercial vehicle,” but the driver is still a key part of the “collaborative vehicle system.”
Logistics providers out of India’s largest container port complex — Jawaharlal Nehru Port Trust — are again reporting abrupt terminal gate closings and long truck waits, even as the stakeholders put in place a spate of proactive steps to streamline gate activity and truck flow in the past few months.
Direct ChassisLink has expanded its Direct ChassisLink pool in Southern California and has contributed to the pool formerly included in the Grand Alliance pool. The Direct ChassisLink pool now has 28,000 units in Los Angeles-Long Beach.
Four super post-Panamax cranes that will span 22 rows of containers have been delivered to the Port of Houston’s Barbours Cut Container Terminal after a 73-day voyage from South Korea.
Container lines hoping to see freight rate increases supported by a significant rise in export orders will be disappointed by data emerging from the giant Canton Fair in Guangzhou as transaction volumes, numbers of visitors and value of deals were all down compared to last year’s event.
Carriers accepting record low rates on Asia-Europe routes while regularly trying to impose general rate increases are managing to irritate both customers with contractual arrangements and those using the spot market.
Fresh off the announcement of yet another acquisition, XPO Logistics’ hunger can’t be sated with CEO Bradley Jacobs eying more deals in Europe and North America.
U.S. lawmakers won’t likely pass a long-term highway bill before the June deadline, but when they do, shippers and transportation providers should expect the nation’s freight network to get added attention.