Strong cross-border business in Europe and the highest demand for deferred package service in the U.S. in a decade helped UPS increase second quarter profits, despite falling revenue.
17 Jul 2015
There was plenty of “no comment” but no outright denials following reports that Singapore’s Neptune Orient Lines (NOL) was up for sale, suggesting that the carrier could very much be on the block.
08 Jul 2015
One of the world’s largest air cargo handler Worldwide Flight Services has announced plans to acquire a majority stake in the German Fraport Cargo Services, further expanding its reach into the European market.
07 Jul 2015
HHLA, Hamburg’s largest container stevedore, forecast a “moderate” decline in traffic in 2015 but stuck to its earnings forecast thanks to increased intermodal volumes.
25 Jun 2015
The purchase of ReTrans, an intermodal and truck freight brokerage with more than $500 million in annual revenue, extends the reach of Kuehne + Nagel, the second-largest global 3PL, far beyond U.S. ports and into the nation's industrial heartland.
13 Jun 2015
The worldwide rally in containership charter rates may have lost most of its steam, but not for those with the right ships in the right regions, which right now would be the Atlantic.
10 Jun 2015
Cargo theft more than doubled in the United Kingdom in the first quarter and rose 17 percent in the Netherlands, Europe's biggest container hub, according to data released by the Transported Asset Protection Association. The problem, however, is global.
08 Jun 2015
Port of Hamburg terminal operator Hamburger Hafen und Logisitik AG has ordered two new container gantry cranes for its Container Terminal Tollerort in preparation for the next generation of mega-ships.
28 May 2015
Salvage and firefighting personnel have made progress in containing the fire on board the 33,772 dwt multipurpose ship Purple Beach in the German Bay near Wilhelmshaven.
27 May 2015
A German-owned multipurpose vessel with a cargo of containerized fertilizer was evacuated Tuesday night in the North Sea after a fire broke out in one of its holds, according to the German Central Command for Maritime Emergencies.
26 May 2015
The truck leasing arm of Paccar plans gradual expansion across Australia as shippers and carriers replace the nation's aging heavy trucks and 'road train' tractors.