Port productivity as ships get larger is stalled resulting in ships remaining in port for longer periods of time, delays to cargo and higher costs for carriers.
Container volume at the Port of Los Angeles declined 22.7 percent in January as the largest U.S. port was brought to its knees because of congestion, dockworker slowdowns and restrictions on night and weekend work imposed by employers.
A nationwide indefinite dockworker strike is planned to start March 9 in India, threatening to disrupt the country’s transport systems when port volumes see a turnaround.
APM Terminals confirmed it asked three senior executives to quit their jobs at the Maersk Group’s port operating unit.
International Airlines Group’s cargo revenue declined 7.5 percent in 2014 from the previous year, largely because the owner of British Airways and Iberia quit freighter operations.
Mediterranean Shipping Co. is adding a new container service in the India-Australia-Mediterranean route, called the Australia Express, as the Geneva-based carrier beefs up its India connections to serve growing trade volumes.
Spot freight rates on the Asia-North Europe trade dropped to $938 per 20-foot container this week, falling 6.4 percent compared to the rate before Chinese New Year as cargo volumes out of China slowed over the holiday shutdown period.
Singapore-based Global Logistic Properties Limited (GLP) has completed the acquisition of one of the largest logistics platforms in the U.S. for $8.1 billion.
China’s train to Spain arrived in the city of Yiwu this week after completing the world’s longest rail route, and while the journey has been billed as a “success” by its operator, there is little information on the actual economics of the rail option to Europe.
Militants loyal to ISIS could bring Somali-style piracy to the Mediterranean, threatening the world’s largest trade lane, European officials warn.
Terminal operators are committed to return West Coast ports to normal operations as quickly as possible, but their ability to eliminate the backlogs of containers and vessels that are choking their facilities will be capped by constraints on the availability of dockworkers, harbor truck drivers and chassis.
The Ontario Trucking Association is asking truck drivers to rate shippers and consignees by how they treat them, placing them either on an 'honor roll' or in 'detention hall.'
The ports of Los Angeles and Long Beach can begin working together to address congestion after U.S. Federal Maritime commissioners on Thursday unanimously approved an amendment this week allowing the two largest U.S. container ports to work together.