International Logistics

Plunging truckload rates proved a dead weight on profits at C.H. Robinson Worldwide in the third quarter.

Star Reefers sank into the red in the third quarter as the Norwegian refrigerated shipping line faced intense pressure from container lines.

Port officials in Manila said a new terminal appointment and booking system has substantially reduced the possibility of congestion that has plagued port facilities in the city for the past two years.

A federal judge on Tuesday allowed a chassis company to terminate leases with Hanjin Shipping.

Panalpina’s profit stabilized in the first nine months of the year.

DHL has settled on its general rate increase for 2017.

Multiple calls by large vessels on certain days of the week, known as vessel bunching, are straining the equipment and labor resources at US ports and presenting a growing threat to productivity at container terminals.

The fee will further drive up surface transportation costs in Russia, where trucking rates are also set to jump.

CEVA Logistics has named a veteran chief financial officer to the position effective immediately to replace Arjan Kaaks, who left the company after just more than a year with CEVA.

A recent spike in the container spot market has given carriers improved pricing power, with shippers resigned to paying higher rates in their 2017 service contracts.