Operations at the APL terminal at the Port of Los Angeles were back to normal this afternoon after several weeks of congestion that frayed the nerves of harbor truckers and tarnished the reputation of a terminal that had been considered a model of efficiency in the industry.
A group of pro-Palestinian activists will not be gathering en masse at Port of Oakland’s Berth 57 on Aug. 2 to protest the arrival of ships belonging to the Israel-based carrier Zim Integrated Shipping Services, the group announced on its Facebook page.
Interim result season is in full swing, and the financial reports reveal carriers in the container-shipping industry searching for a silver lining.
The Port Authority of New York and New Jersey said port terminals handled record container lifts during the first half of 2014 despite winter storms that produced severe congestion during the year’s first weeks.
Rick Gabrielson, senior manager for import transportation at Target Corp., has been named vice president of transportation at Lowe’s Cos.
Norbert Dentressangle’s $750 million acquisition of Iowa-based Jacobson Companies not only gives the European logistics giant a larger footprint in a faster-growing economy but also one with more supply chain management outsourcing potential.
The strength of the 2014 economic recovery isn’t being questioned at Old Dominion Freight Line and Saia, two of the most profitable U.S. less-than-truckload carriers.
Spot rates have remained high as the trucking industry recovers from a tough winter and works its way through a capacity tightening, but freight rates are starting to trend toward more typical levels.
After hitting record gross revenue and net revenue in the second quarter, Echo Global Logistics sees more opportunity in helping shippers secure space in an increasingly tightening market.
The strengthening U.S. economy, a second-quarter surge in freight and higher rates boosted revenue and profit at Con-way’s less-than-truckload, logistics and truckload divisions.
Mitsui O.S.K. Lines Ltd. reported a sharp deterioration in its container-shipping financials for its fiscal first quarter ending on June 30th and said that rates during the remainder of its year would not recover to the degree it had projected.
Roadrunner Transportation Systems reaped the benefits of an aggressive acquisition strategy in the second quarter, as truckload revenue soared year-over-year. Robust truckload and brokerage revenue helped compensate for weaker growth in less-than-truckload sales.
Horizon Lines reported a 10.8 percent increase in its second-quarter container volume but said rates declined, largely because of growing competition on its Jones Act domestic trades.