Total container traffic at U.S. West Coast ports declined 2 percent in July compared with the same month last year, confirming the predictions that importers and exporters would divert some of their cargo to Canadian and U.S. East Coast ports due to longshore contract negotiations on the West Coast.
Strong U.S. imports are fueling growth of distribution centers near major U.S. port gateways, but there’s no sign that overcapacity is on the way, according to real estate management firm Jones Lang LaSalle.
If the Panama Canal hopes to retain container carrier services from South China and Southeast Asia to the U.S. East Coast and regain those it has lost to the Suez Canal over the last few years, it will have to develop a new pricing structure or lower its tolls after it opens its new locks to commercial traffic in 2016, according to a new report from SeaIntel Maritime Analysis.
European short-sea shipping volumes could fall as much as 10 percent in the next several years as new emission regulations take effect.
A group of Thai shippers said it expects exports to grow no more than 1 percent this year, in another worrying sign that Thailand’s economy is struggling in the wake of a military coup in May, Reuters reported.
Japan has committed to doubling its investment in India to about $34 billion over the next five years, and will also help fund infrastructure projects in India.
When he goes to Shanghai in November, U.S. Federal Maritime Commissioner William Doyle wants to find out how Chinese regulators will handle the “2M” vessel-sharing agreement, as statements that the pact doesn’t require regulatory approval from Beijing are coming from others, not regulators themselves.
Chemical manufacturers are learning that if they build new U.S. facilities, Quality Distribution will come calling. The second-largest bulk trucking operator by revenue, Quality and its subsidiaries are in the midst of an expansion driven by increased U.S. chemical production.
Ocean freight rates for shipments under contract on major east-west routes decreased 6 percent from March through July, allowing shippers to reduce their costs, according to results from Drewry’s Benchmarking Club.
From the top to the bottom, here is a list of the ports that moved up in 2013, and those that are in danger of falling down — or even off — the list of the Top 50 World Container Ports.
Although delays are starting to ease at the Port of Rotterdam, schedule reliability to the Dutch port plummeted this summer.
The market for mobile transportation or telematics technology in the U.S. is evolving quickly as a U.S. mandate for electronic recordkeeping by truck drivers draws closer. One of the biggest telematics companies, Omnitracs, is acquiring rival XRS for $178 million.
Samskip Van Dieren Multimodal has launched rail shuttle services between Duisburg, Germany, and Bettembourg, Luxembourg, creating a new link between Scandinavia and France and Spain and expanding its intermodal service.