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Iberia, the Spanish airline, unveiled an emergency package of capacity cuts and layoffs after it plunged into the red in the first quarter as revenue fell sharply on lower cargo and passenger traffic.

OTTAWA — Canada’s largest customs broker, with 2,500 employees located across Canada and the United States, on Tuesday reported deep losses and stopped distributing dividends, mainly becau

Truck maker Freightliner and drive train manufacturer Eaton are preparing an electric hybrid delivery truck for the propane gas market.

Three former Horizon Lines officials and one former Sea Star Line manager were sentenced Tuesday in Jacksonville, Fla., to prison terms ranging from seven to 34 months for their roles in a price-fixin

Port intermodal projects should qualify for special federal funding under a grant program in the Recovery Act, said Transportation Secretary Ray LaHood.

The recession dragged intermodal shipping volume down 16.3 percent in the first quarter, the largest drop ever recorded by the Intermodal Association of North America.

Braemar Shipping Services, a ship broker and shipping and energy consultant, ended its fiscal year on Feb.

State-owned Container Corp.

UPS sold the international network of Mail Boxes Etc. to Italy’s Fineffe Group.

GE Transportation plans to build a $100 million factory to make high-power batteries that it says are a key to putting hybrid-drive power systems into heavy freight locomotives, harbor tug boats and m

China's trade surplus declined to $12.9 billion in April, far below government forecasts of $20.3 billion, and significantly below the $18.56 billion surplus China recorded in March.

Kintetsu World Express, Japan's second-largest international forwarder, said Tuesday it suffered steep declines in revenue and profit in its 2008 fiscal year ending March 31.

Japan Airlines Corp, Asia's largest air carrier, said on Tuesday that it suffered a net loss of $646.5 million on a consolidated basis in fiscal 2008, which ended on March 31.

U.S. exports and imports both declined in March, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. The faster pace of decline among exports raised the U.S.

A strike by unionized workers at India’s Port of Jawaharlal Nehru disrupted container movements to and from the state-owned terminal.

The White House has targeted more than $250 million in transportation spending that it wants to cut under its budget proposal for the 2010 fiscal year that starts in October.

A.P.

Ocean carrier Trailer Bridge lost $768,034 in the first quarter ended March 31, less than half the $1.8 million loss it posted a year earlier.

CSX Transportation and a major chemical shipper that has led the charge against rail rate increases, E.I.

Frankfurt airport owner Fraport AG reported net profit dived 27 percent in the first quarter from a year ago as freight traffic slumped at Europe's biggest air cargo hub.

Neptune Orient Lines said today it lost $245 million in the first quarter of 2009, compared to the profit of $121 million for the same period of 2008.

Diesel prices jumped jumped 3.1 cents last week to $2.216 per gallon, the first increase after three straight weeks of declines, according to the U.S. Energy Information Administration.

The departments of Transportation and Commerce have launched a program to draw shippers into the discussion about transportation infrastructure and the role it plays in global competitiveness.

The Panama Canal Authority said May 11 that a second tie-up station at the Cartagena approach is in full operation, allowing the Canal to transit at least one additional vessel per day.

Electro-Motive Diesel, one of the two U.S. builders of big line-haul locomotives for the rail freight industry, tapped Michael P.

U.S. Trade Representative Ron Kirk called Monday for a new era of cooperation in trade relations as he arrived for his first visit to the headquarters of the World Trade Organization.

Norfolk Southern last week idled most operations at a Columbus, Ohio facility and will lay off 86 workers there in July.

Hanjin Shipping said Friday that it swung to a loss in the first quarter of the year mainly due to lower freight rates and reduced international trade.

Although global economic indicators continue to point downward, there are signs that the rate of decline may be slowing, the Organization for Economic Cooperation and Development said Monday in a repo

Singapore-based Pacific Shipping Trust expects to maintain revenue in its second quarter as it is not planning to buy any ships, but it may face lowered charter rates for two of its vessels.

Malaysian carrier MISC Berhad posted a 76 percent drop in profit for its fourth fiscal quarter ended March 31.

Maersk Line and CMA CGM said they will start a new joint service linking North Asia and Black Sea on May 20.

Dubai World is in talks to sell a minority stake in subsidiary DP World to a regional private equity investment group, the Dubai-based global container terminal operator said.

Hapag-Lloyd, the German container shipping line, swung to a loss of $302 million in the first quarter of 2009 from a $24.5 million profit a year ago on double digit declines in cargo volumes and freig

The attempt to craft a new rail competition bill and perhaps revamp the Surface Transportation Board is on a slow track through Congress.

Members of the International Longshore and Warehouse Union staged work slowdowns at Tacoma and Oakland in recent weeks as frustration grows with employers trying to pinch every penny during the global

Philadelphia’s dream of becoming a major East Coast container port will take a step forward this week when four consortia bidding on a massive proposed terminal submit the first of their two proposals

While much of the world was showing growing alarm over a possible swine flu pandemic and business scrambled to contain the impact, Dan Sanker, CEO of logistics provider CaseStack, pulled out his plans

There’s broad, even unanimous, agreement in Congress that Capt. Richard Phillips, the master of the Maersk Alabama who risked his life saving his ship and crew from pirates last month, is a hero.

For shippers and carriers, any talk about container service to the West Coast has long tilted decidedly toward Southern California.