In reporting its second-quarter and first-half 2014 results this week, Maersk Line again showed how its financial fortunes are diverging from most of the rest of the container shipping industry.
Strong gains in factory output, especially automotive manufacturing, helped drive U.S. truck tonnage up in July, the American Trucking Associations said. The ATA For-Hire Truck Tonnage Index rose 1.3 percent in July from June, and 3.6 percent year-over-year.
Asia is king among global container ports, even if stalwarts such as Hong Kong, which slipped to fourth place last year in part because of a 40-day dockworker strike at five terminals, have retreated a bit.
Venice, California-based Cargomatic is testing its “Uber”-like truck and shipment matching technology in the tri-state trucking market of New York, northern New Jersey and Connecticut.
There are increasing signs that an Icelandic volcano could erupt, potentially disrupting shippers transporting goods via the freighters and in the bellies of passenger planes — much like an eruption on the island did in 2010.
The cost benefits of Evergreen Marine joining the CKYH Alliance were reflected in its second-quarter earnings, which saw the Taipei-based carrier returning to profitability.
Container volume is increasing at North Carolina’s Port of Wilmington thanks to carriers’ service expansions.
Brazilian waterways regulator Antaq approved $1.73 billion in upgrades for ports in Rio de Janeiro and Santos.
Overall capacity operated by the Top 21 container carriers increased 5.6 percent or 847,000 TEUs in the last 12 months, according to industry analyst Alphaliner’s latest newsletter, furthering chronic overcapacity in the container shipping market.
Neptune Orient Lines said Wednesday media reports that it plans to sell its logistics business, APL Logistics, for up to $900 million are "preliminary and exploratory in nature.”
Changing supply chains demand changing technology, and a more multimodal, integrated supply chain require a blend of asset- and non-asset-based transportation systems.
APM Terminals saw volume and profit rise in its second quarter, thanks to some of its terminals becoming fully operational and the addition of new terminals in growth markets.