Spot freight rates on the key Asia-north Europe trade are reported to have slumped to just $750 per 20-foot container, down more than $1,000 since the beginning of the year.
China’s Ministry of Environmental Protection is considering new regulations that would put provincial authorities in charge of approving wastepaper imports that the ministry now regulates.
The percent of import containers arriving at the Los Angeles-Long Beach gateway that were transloaded into domestic containers for onward rail transport into the interior U.S. continued to increase last year and is forecast to continue rising in 2014.
U.S. ports are under increasing pressure to modernize their facilities to handle larger vessels and keep their existing infrastructure up to par. Fortunately, for some ports, Uncle Sam is giving them a boost via Transportation Investment Generating Economic Recovery (TIGER) program.
The Dubai Maritime City Authority has announced plans to establish a maritime arbitration center.
New Jersey Senate committee has approved a bill to withdraw the state from the Waterfront Commission of New York Harbor.
Issues at the Los Angeles-Long Beach were on JOC.com readers’ minds this week, along with mega-alliances and growth in the trucking industry.
Demand for automotive logistics services is forecast to grow this year by 6 percent in Europe and 5 percent in North America, according to a new report by industry research and analysis firm Transport Intelligence.
Argosy Transportation Group plans next month to begin a twice-monthly service using multipurpose, shallow-draft tweendeck ships between Houston and the Mexican ports of Dos Bocas and Ciudad del Carmen.
The volume of intermodal units moving on U.S. railroads last week reached a record high for the railroad industry, according to the Association of American Railroads, furthering signs that the peak season is starting for intermodal shippers as the ocean peak recedes.
Westbound trans-Pacific carriers expect container availability to increase in the next three weeks at most key U.S. intermodal hubs, according to a weekly U.S. Department of Agriculture survey.
India and China signed 16 memorandums of understanding, including a five-year trade and economic cooperation plan, in a major attempt to address the growing trade imbalance between the two countries.
The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration has ordered Ken’s Trucking company, based in Grand Ridge, Florida, to immediately shut down following a federal investigation that revealed numerous violations of safety regulations.