The demand for logistics services and infrastructure will be fuelled by China’s increasing trade appetite and the continuing growth of e-commerce markets within the country, according to Barclays Research.
A Southern California company’s emissions treatment system for ocean-going vessels has been approved by the California Air Resources Board, giving operators of container vessels a second option for complying with the state’s strict emissions requirements for vessels at berth.
U.S. containerized imports from South America are rising on a double-digit basis while U.S. exports to the region stagnate, a recent trend that is narrowing the trade lane’s north-south imbalance and emboldening carriers to seek higher rates.
Container traffic at West Coast ports was down 2 percent in May from the same month last year as importers and exporters who had diverted cargo to other ports during the lengthy period of labor disruptions and port congestion did not return all of their business to the West Coast.
Crowley is continuing its investments in the U.S.-Caribbean-Latin American services by buying more than 4,300 pieces of equipment that will be used on its services connecting the Caribbean, South America and the U.S.
The U.S. Army Corps of Engineers has approved $1.303 million in funding for engineering and design of a project to deepen the port’s 45-foot channel to 52 feet in order to handle larger container ships.
Some U.S. shippers are urging U.S. Customs and Border Protection to push back its Nov. 1 deadline for its new "single window" program, saying they're running out of time and more internal agency checks are needed.
Daseke Inc., the fastest growing U.S. trucking company, is merging with Bulldog Hiway Express, an open-deck and flatbed carrier with extensive port drayage operations in the Southeast.
Jon Poelma has been promoted to senior vice president and chief operating officer of Consolidated Chassis Management. CCM manages six regional chassis pools containing more than 140,000 intermodal chassis at 240 U.S. rail and port intermodal locations.
The Port of Virginia’s two main container terminals will operate on Sunday, a day after they are closed on Saturday for the July 4 holiday.
U.S. exports of cotton (not carded or combed) by dollar value tumbled 20.6 percent year-over-year in the first quarter of 2015, the tenth consecutive quarterly decline. The trade outlook for 2015 looks disappointing, mostly because of a global glut of the fiber and weakening demand from China, the top-. Cotton exports by dollar value are forecast to decline 1.6 percent for an annual total of $4.3 billion with downside risks, following a decline of 21.4 percent in 2014.
The start of the second phase of construction of the Yangtze River channel extension project at Nanjing will allow China’s largest inland port to handle ocean-going vessels.
Simatech has received the first of two new container ships with capacities of 4,350 twenty-foot-equivalent units, reflecting continuing and rapid intra-Asia trade demand.