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Amid lingering economic woes and continuing poor visibility into future demand trends, iSuppli Corp. is reducing its forecasts for global semiconductor and electronic equipment revenue in 2009.

The global economy is starting to pull out recession but recovery will be sluggish and government policies need to remain supportive, the International Monetary Fund said on Wednesday.

Average nationwide diesel prices fell for the second consecutive week in early July after a two-month surge sent the fuel price to its highest level of the year.

Zim Integrated Shipping Services announced plans to implement a peak-season surcharge on the Asia-Mediterranean-Europe trade, effective Aug. 1 through Oct. 31.

Lufthansa Cargo, Europe’s second largest cargo airline, said it will launch a weekly freighter service to Guadalajara, Mexico, on July 22.

The shareholders of Hapag-Lloyd on Wednesday agreed to provide financial help to the German ocean carrier struggling to survive the slump in container shipping.

A consortium led by Spanish firm Sacyr and Italy’s Impregilo submitted the lowest bid on a contract for the largest portion of the Panama Canal’s $5.25 billion expansion project, the Panama Canal Auth

DHL launched weekly direct less-than-container-load services connecting Bangkok to Los Angeles, Hamburg and Tokyo, the carrier said Wednesday.

The Department of Transportation sharply escalated its stimulus payouts in the week ending June 26, to a total of $442 million from $370 million a week earlier.

Freight traffic on the St. Lawrence Seaway slumped nearly 36 percent in the first third of the navigation season.

Hamburg Sud and Alianca will raise bunker surcharges on their east coast Americas trade routes by US$25 per TEU, starting from the beginning of August, the Shipping Gazette reported.

In a significant step that will help speed freight movements in the country, Indian Railways announced plans to operate container trains with fixed schedules and assured transit times.

The mounting losses incurred by the global transportation industry have claimed another victim: Daewoo Logistics.

U.S. Commerce Secretary Gary Locke said Wednesday that Russia has sent signals that it might still pursue a unilateral bid to join the World Trade Organization.

The Port of Marseilles is considering acquiring a minority stake in a private container terminal in a bid to end a long-running dispute with dockers over labor reforms.

Evergreen Marine said today it plans to reduce the size of its global container fleet by a sixth over the next four years as it sees no clear signs of an economic recovery.

Freightliner Truck, the largest heavy truck maker in North America unveiled a natural gas-powered Class 8 tractor June 7 aimed at the port, drayage and utility markets.

Shipping lines in the eastbound Pacific announced a huge rate increase effective Aug.

Milan Express and New Century Transportation formed a “Lightning Alliance” to speed less-than-truckload freight from the Midwest and Southeast to the Northeast.

Qantas Airways on Tuesday became the fourth carrier to be convicted in a four-year price-fixing conspiracy involving air cargo exported from Canada.

The Japan Fair Trade Commission (JFTC) announced on Tuesday that it will initiate quasi-judicial hearings to review its earlier antitrust decisions against five international freight forwarders.

The European Commission will launch a 3 million euro (US$ 4.2 million) program aimed at improving public awareness of the shipping industry and boosting recruitment.

Maersk Line plans to cut the number of berths it leases at Kaohsiung Harbor in southwestern Taiwan because of dwindling business, a harbor official told the Taipei Times.

So-called “cap and trade” legislation passed in the House and pending in the Senate has “created a new threat to American manufacturing,” the president of the American Institute for International Stee

Mediterranean Shipping Company will expand its Golden Gate Service between Asia and the U.S. East Coast to provide connections to and from India via Singapore and Salalah.

Air France-KLM, Europe’s biggest cargo airline, said freight traffic was stable in June for the second month after falling sharply since the final quarter of 2008.

Russia and China want to look into the gradual development of a new reserve currency for the global financial system, top Kremlin economic aide Arkady Dvorkovich told the press Monday on the eve of th

Container traffic at the Port of Marseilles-Fos declined by 1 percent in the first five months of the year to 363,762 TEUs, after a 13 percent increase to 286,863 TEUs in east-west container throughpu

The CKYH Alliance will start direct service between Vietnam and the U.S. East Coast in the middle of August by adding Ho Chi Minh City to the current AWE-4 service.

Agility Defense & Government Services has been awarded a one-year option on the U.S.

President Obama plans to nominate Christopher P.

President Obama nominated Daniel R. Elliott III, an associate general counsel at the United Transportation Union, to become the next chairman of the Surface Transportation Board.

Ocean carrier executives in the eastbound trans-Pacific were not quite ready to break out the champagne in late June, but they appeared pleased that freight rates had finally hit bottom after a long s

The Panama Canal Authority will open bids on July 8 from three competing global engineering groups to build a third set of canal locks.

After taking little significant notice during six years of deep and detailed negotiations to bring international maritime shipping law into the 21st century, the European Shippers’ Council sudde

Although trade financing is becoming easier for exporters to access, many major transactions are still frozen because of financing trouble, said Angel Gurria, secretary general of the Organization for

MOL has streamlined its Pacific Southwest Express service and is offering the industry’s fastest direct service – 15 days – from Vietnam to Los Angeles.

The Port of Rotterdam has reached agreement on the location and construction of an intermodal terminal that will transfer hundreds of thousands of containers each year from trucks traveling on congest

Dockworkers at India’s Port of Haldia called off their strike on Monday, following negotiations between local authorities and union leaders.