Marine terminals at the Port of New York and New Jersey, the largest East Coast container port, will close early today and remain closed Tuesday as the entire Northeast braces for a winter storm of historic proportions.
Canadian Pacific Railway said it expects mid- to high-single-digit intermodal revenue growth this year, as domestic intermodal traffic builds steadily and container lines boost volume on improving services.
After five years of strength in the southbound leg, the weakening value of the real is generating strong demand for Brazilian exports.
Associations representing truckers and motorists joined the U.S. Chamber of Commerce in asking the new Congress for a federal fuels tax hike to replenish the U.S. Highway Trust Fund before funding runs out May 31.
As the service contracting season in the eastbound trans-Pacific gears up, internal tensions within many large shipper organizations between a procurement and a logistics mentality will once again play out as contracts totaling billions of dollars are negotiated and signed between now and May 1. But procurement is slowly losing out.
Negotiators for the Pacific Maritime Association and the International Longshore and Warehouse Union reached a tentative agreement on the chassis maintenance and repair issue that has been the major roadblock to reaching a new waterfront contract at West Coast ports.
Congestion and delays at U.S. West Coast ports meant UPS had to scramble to get containerized goods into its inland delivery network and to customers. Higher purchased transportation costs were a factor in lower fourth-quarter earnings.
Kenya’s Dock Workers Union (DWU) has modified its long-held opposition to private operation of Mombasa port’s new container terminal.
Cargo volumes at non-major, also known as minor, ports in India expanded at nearly three times the pace of “major” ports owned by the federal government, reflecting rerouting of traffic to avoid ongoing congestion problems at major ports.
Hong Kong Air Cargo Terminals Ltd. (Hactl) ended a solid 2014 by recording its strongest quarter of the year as Asia’s air freight sector continued its robust recovery.
The new carrier mega-alliances are set to shake up market share on the key Asia-North Europe liner trade while shippers will benefit from a greater choice of services, and probably lower freight rates, according to Drewry Shipping Consultants.
China’s largest shipping company, China Ocean Shipping (Group) Co., sailed back to profit in 2014 after three loss-making years, according to mainland media.