U.S domestic intermodal pricing jumped 5.6 percent week-to-week, or by $115, to $2,169 per unit in the week ending Sept. 22, according to a weighted average for all-in, 53-foot containers door-to-door provided by third-party logistics provider IDS.
Terminals at the Port of Los Angeles were poised to reopen at 6 p.m. West Coast time after being shut down because of a fire at a breakbulk terminal.
Kuehne + Nagel, the world’s largest sea freight forwarder, said it is targeting the trans-Atlantic container trade to offset slowing Asian exports to Europe.
DB Schenker (India) has opened a 55,000-square-foot logistics facility in Ahmedabad, India, to serve customers in the western region.
CEVA Logistics opened a new branch office in Vietnam’s capital city of Hanoi to tap into opportunities for growth in the country’s northern region.
The Justice Department’s announcement that it has no plans to challenge a proposed agreement between two major chassis lessors at Los Angeles-Long Beach is a key step forward in eradicating a severe problem with chassis availability that has contributed to terminal congestion at the ports all year.
Maersk Line clarified a recent comment by CEO Soren Skou in which he appeared to say that his company would not relinquish its longtime No. 1 ranking after Alphaliner said it would be overtaken by Mediterranean Shipping Co. in 2016.
Mexico’s Port of Lázaro Cárdenas reported a second straight month of year-over-year increases in imports in August, following decreases in every previous month for more than a year.
The U.S. Commerce Department set duties on 53-foot dry intermodal containers from China after a preliminary determination concluded manufacturers received unfair subsidies from the Chinese government
U.S. shippers are paying more to move goods inland as contract truck pricing rises as the fall inland peak shipping season gets under way, according to FTR Associates.
Reported U.S. cargo thefts from June through August declined 16 percent from the previous three months and averaged $182,115 per incident, according to FreightWatch International.
Global container port traffic will top 840 million 20-foot-equivalent units by 2018, with Africa and greater China posting the fastest growth rates, according to shipping consultancy Drewry.
The Justice Department said it won’t challenge an agreement by two major container pools to share each other’s intermodal chassis in a “gray” pool in the ports of Los Angeles and Long Beach.