The economic fundamentals of the trans-Pacific trade are strengthening, setting the stage for what would normally generate rapid growth in container volumes, especially in the eastbound trade. But this isn’t a normal year.
BNSF Railway plans to invest $103 million in its Kansas rail operations and an intermodal logistics center southwest of Kansas City.
Norbert Dentressangle’s operating profit surged 18.6 percent in 2014 as it reaped an early benefit from its $750 million acquisition of Jacobson, the fourth largest U.S. logistics group.
Rickmers Group, the leading German ship-owner and manager, said it has successfully concluded negotiations with its bankers to restructure 1.28 billion euros [US $1.43 billion] of loans.
The Indian federal government pledged to go ahead with its plans to make major ports independent companies instead of government-controlled landlord ports despite fierce opposition from the highly unionized labor force.
Maersk Line CEO Soren Skou said ships with capacities of 25,000 20-foot-equivalent units are possible but not practical today, and that he expects 18,000- to 19,000-TEU container ships to remain the largest afloat for years to come.
Growth in the global reefer market this year will likely outpace the lukewarm performance of the past few years, according to industry analysts.
Air cargo leaving India has been hit with severe delays because of poor weather and the lingering impact of U.S. West Coast port congestion on world trade, according to a U.S. freight forwarder specializing in air and ocean freight in the Far East.
Cargo interests undoubtedly are relieved that the International Longshore and Warehouse Union and the Pacific Maritime Association reached a tentative contract deal on Feb. 20 after more than nine months of unexpectedly difficult negotiations, but now it’s time for importers and exporters to reassess their commitment to West Coast ports.
Trucking companies and shippers in the United Kingdom are asking for financial help from the government as they struggle to recruit truck or lorry drivers.
A bill introduced in the House of Representatives this week would establish national hiring standards for shippers, brokers and other parties contracting or using trucking companies.
PSA International kick-started work on its $350 million expansion of Jawaharlal Nehru Port Trust after signing a contract related to dredging and reclamation work for a fourth container terminal at India’s largest container gateway.