Terminal operators are responding to the tsunami of large vessels that have descended upon global ports by dramatically ramping up their productivity in turning the mega-ships. But the gains realized are only a taste of what will be necessary when the next generation of vessels arrive on the scene by 2018, industry analysts say.
U.S. federal dollars to states for highway construction will keep flowing through May now that Congress approved a bill just hours before the main engine of such funding would have expired.
Diversions from the West Coast to avoid longshore labor negotiations are creating delays of up to two to three weeks for some ocean cargo moving from Asia to the U.S. East Coast, according to a freight forwarder.
IAG’s cargo revenue slumped more than 12 percent in the second quarter as the carrier exited freighters.
Hapag-Lloyd announced it is temporarily diverting vessels deployed on one of its Europe-Asia services from Rotterdam to Antwerp as congestion worsens at Europe’s biggest container port as the peak shipping season gathers speed.
Container Corp. of India, the country’s largest intermodal logistics provider, reported its net income rose 6 percent year-over-year in the first fiscal quarter, from April to June, to Rs. 261.88 crore (about $43.7 million).
The largest container terminal operator in the Port of New York and New Jersey has lost another bid to reduce the fees it must pay to the port authority.
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.