International Logistics

DSV flags
DSV today became the latest top 10 freight forwarder to post market-beating growth in ocean container traffic as the consolidation of the fragmented global logistics industry gathers pace.

UPS package vehicle
Strong business demand for package and freight transportation drove volumes and revenue higher at UPS in the second quarter.

Transport Corp. of India reported its net income in the first fiscal quarter, from April to June, was $2.7 million.

State-owned rail operator Container Corp. of India has reiterated its confidence in being able to clear the import backlog at Jawaharlal Nehru Port Trust (Nhava Sheva) through greater coordination with all stakeholders.

As trucking companies strive to improve efficiency and streamline operations, shippers that actively help motor carriers improve productivity and profitability are the most desirable business partners, according to a new survey by Transplace.

The U.S. Federal Maritime Commission is seeking authority to use its website instead of the Federal Register to provide public notice when it revokes or suspends the licenses of ocean transportation intermediaries.

Ship agents at India’s Port of Jawaharlal Nehru (Nhava Sheva) have expressed concern over a lack of effective measures by state-owned rail operator Container Corp. of India in clearing import backlogs that have reached “unprecedented” levels at the country’s biggest box gateway.

Chronic overcapacity in air and ocean container markets presents a long-term obstacle to profitability of forwarders, which achieve better results when rates are higher, according to Stifel.

INTTRA has hired John F. Fay, formerly of brokerage Newedge Group, as CEO, effective immediately.

Spurred by stronger industrial production, consumer spending and housing activity, truckload rates rose 5.2 percent on average in June from a year ago...