Months of severe congestion caused container shipping line on-time performance to plunge nearly across the board in 2014, according to Danish research firm SeaIntel Maritime Analysis.
Harbor truckers in Los Angeles-Long Beach are preparing to legally challenge the International Longshore and Warehouse Union and marine terminal operators as soon as union mechanics attempt to detain trucker-owned or leased chassis at the ports under a reported agreement the ILWU reached with employers last week in coastwide contract negotiations.
A Superior Court judge on Thursday ruled that seven drivers working for Pacer Cartage at the ports of Los Angeles and Long Beach are employees and are owed a total of more than $2 million in damages.
GCT Global Container Terminals plans to spend several hundred million dollars in the next few years to increase its Vancouver terminals’ capacity and fluidity in anticipation of handling more U.S.-bound cargo and Canadian volume.
The largest U.S. truckload carrier could add 700 to 1,100 trucks this year, if higher rates, higher freight demand and higher pay keep drivers in truck cabs.
Norbert Dentressangle’s 2014 revenue grew 15.8 percent from the previous year to 4.7 billion euros ($4.2 billion) as the French logistics and transport group accelerated its international expansion with a major U.S. acquisition.
Third-party logistics provider KW International has opened operations at a new container yard in Savannah.
A key metric of U.S. intermodal rail service continues to show improvement even as volume builds, giving shippers a better shot of seeing the level of service they saw in 2012-2013 as soon as the spring.
Rick Larrabee, the Port Authority of New York and New Jersey’s top seaport executive for the last 15 years, said he plans to retire after his successor is selected.
Shrugging off the economic downturn in its home market, Russia’s AirBridgeCargo Airlines boosted traffic 17.6 percent in 2014, its 10th anniversary, even as leading Western airlines continued to downsize their freighter operations.
OOCL plans to upgrade its intra-Asia service network by joining the Singapore-Chennai 2 (SC2) service operated by Wan Hai Lines and Bengal Tiger Line, starting in early February.
Strong gains across multiple segments, particularly intermodal, fueled a 70 percent year-over-year increase in Gateway Distriparks Ltd.’s consolidated net earnings in its third fiscal quarter, which ended Dec. 31.
Japan Airlines reported a 3.1 percent year-over-year drop in group net profit for the first three quarters of fiscal 2014, to 119.684 billion yen (US$1.01 billion), despite a nearly double-digit rise in international cargo revenue.