China Merchants Holdings (International), the mainland’s largest port operator, reported a 7.4 percent increase in net profit during 2014 when it handled 80.84 million 20-foot containers to record a volume increase of 13.4 percent.
Both sides in the debate over larger truck trailers are gearing up for the next battle in a long-standing war as Congress works on the next federal surface transportation bill.
Port of Santos users and operators were hit by a bombshell Friday when an injunction was imposed, halting the port’s much-needed dredging program.
Thai Airways exited the freighter business this week, unable to benefit from the robust volumes on U.S. routes being generated by its Asian peers and without the scale of capacity required to drive a profitable air cargo network.
Several of the world’s top shippers have signed up to the Green Freight Asia (GFA) initiative that aims to lower the carbon footprint of land transport while driving lower logistics costs into the regional supply chain.
America’s roads and bridges are “in a ditch” and the country’s infrastructure are in dire need of a long-term funding mechanism, U.S. Transportation Sec. Anthony Foxx said Monday as he unveiled the details of his administration’s new transportation reauthorization proposal.
Terminal operators in Los Angeles-Long Beach are beginning to reduce the vessel backlog built up during the longshore labor negotiations, raising the possibility that the largest U.S. port complex will be back to normal before mid-to-late May as originally expected.
The Egyptian government expects to meet its goal of completing the $4 billion widening of the Suez Canal within a year, allowing shippers to access a second channel by August.
Officials at the Panama Canal on Monday were still working their way through a significant vessel backlog after an “unusual” increase in the number of ships awaiting transit began to back up outside the waterway weeks ago.
HHLA’s operating profit jumped 10 percent in 2014 as it handled record volumes of containers at its three Hamburg terminals.
TOTE Inc. has scheduled an April 18 launching for its first container ship built to operate on liquefied natural gas fuel. The new ship will be operated by Sea Star Line between Jacksonville, Florida, and San Juan, Puerto Rico.
Despite the long-term landside congestion and intermittent labor troubles that led to some traffic diversions, Jawaharlal Nehru Port Trust achieved an all-time high in container-handling in fiscal year 2014-15, which is set to end March 31, according to the latest port data collected by JOC.com.
Two road trips 50 years apart reveal how far Mexico has come — and hasn’t — in its development as a trade giant.