CMA CGM will sign a $1 billion financing agreement with the Export-Import Bank of China on Wednesday when Chinese premier Li Keqiang visits the French carrier’s headquarters.
02 Sep 2014
Samskip Van Dieren Multimodal has launched rail shuttle services between Duisburg, Germany, and Bettembourg, Luxembourg, creating a new link between Scandinavia and France and Spain and expanding its intermodal service.
29 Aug 2014
CMA CGM, the world’s third-largest carrier in deployed capacity, increased revenue and cut operating expenses in the April through June period according to quarterly figures released today.
06 Aug 2014
The U.S. ocean container trade via European ports, including transshipments, increased 3.8 percent year-over-year to 4.6 million laden 20-foot-equivalent units in the 12 months ending March 2014, according to PIERS, the data division of JOC Group.
25 Jul 2014
Air France-KLM today said it is weighing a partnership or restructuring of its freighter business after booking cargo losses and charges of $205 million in the second quarter, but stressed it will remain a major player in the air freight market.
16 Jul 2014
FedEx, TNT Express and the U.K.’s Royal Mail are being investigated by French regulators over alleged anti-competitive behavior in the country’s parcel delivery market.
12 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association surprised watchers by announcing a 72-hour hiatus in their negotiations so that the union could deal with unrelated talks in the Pacific Northwest, and by extending the expired coastwide contract during the suspension of negotiations.
09 Jul 2014
The European Union has opened an in-depth investigation to determine whether tax breaks for publicly owned Dutch ports, including Rotterdam, breach its state aid rules.
08 Jul 2014
Air France-KLM trimmed its 2014 profit forecast by up to 12 percent, citing “persistently weak” cargo demand.
05 Jul 2014
OOCL has been fined €50,000 over the death of one of its senior executives 11 years ago.
05 Jul 2014
Events on the U.S. West Coast dominated the news this past week, as the International Longshore and Warehouse Union and the Pacific Maritime Association continued negotiations toward a new contract.