Several carriers have planned general rate increases in multiple trade lanes in April and May, although any gains achieved could be temporary as overcapacity and sluggish global demand continues.
04 Apr 2014
Multiple carriers have planned rate increases in various trade lanes in April and May...
10 Mar 2014
LONG BEACH, Calif. — Retailers and other beneficial cargo owners that import merchandise from Asia make their routing decisions based on where the goods are produced, the U.S. destination, the cost of transportation, the value of the cargo and its sensitivity to transit time.
28 Feb 2014
The deadline for completing the $5.25 billion Panama Canal’s expansion project has been postponed by another three months under a tentative refinancing agreement between the Panama Canal Authority and the engineering consortium that is building the new locks.
21 Feb 2014
The consortium building the new locks at the Panama Canal resumed work on the project on Thursday after a two-week suspension in a dispute over $1.6 billion in cost overruns.
20 Feb 2014
U.S. West Coast ports will lose some container volume to East and Gulf Coast ports once the Panama Canal is enlarged, but there is no need to panic as long as they remain reliable and efficient gateways for U.S. trade with Asia, Tioga Group principal Dan Smith said yesterday.
20 Feb 2014
The settlement of the dispute over cost overruns between the Panama Canal Authority and the engineering consortium building its new set of larger locks leaves unanswered the questions of when the $5.25 billion expansion project will be completed and how much more it will cost in the end.
18 Feb 2014
Major carriers aim to hike rates in a variety of trade lanes in March, although any increases achieved could be temporary.
05 Feb 2014
Work to expand the Panama Canal was suspended today following a breakdown in talks between the canal authority and the construction consortium to resolve a bitter dispute over more than $1 billion in cost overruns.
03 Feb 2014
SEA ISLAND, Ga. — A canal through Nicaragua connecting the Atlantic and Pacific oceans will cost double proponents’ estimate and will likely never be built, the No. 2 official at the Panama Canal said today.
03 Feb 2014
CMA CGM has upgraded its Oceania-U.S. service to a weekly frequency with the addition of a second string to its PAD service, which will take effect in the beginning of March.