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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.

Large North American railroads are pushing their base pricing steadily higher, even with the worst freight market in decades.

Tariffs Mexico imposed on select U.S. products in response to the elimination of a cross-border trucking program are having little discernable impact on cross-border trade — or trucking.

Even with a first-quarter loss on its books and its large Mexico operations in a swine flu hot zone, Kansas City Southern could be in a good spot.

Shippers bracing for a dramatic surge in trucking rates can take a deep breath — evidence is stacking up that loose capacity and rock-bottom prices will be around for a while.

After losing freight to competitors for two consecutive quarters, YRC Worldwide is rolling out a customer incentive package in an attempt to rebuild freight flows and density in its struggling long-ha

The Los Angeles Harbor Commission approved up to $44.2 million for an incentive program that will bring natural gas and electric powered trucks into the harbor drayage fleet.

Consolidated throughput at major ports in India registered a marginal decline in April, the first month of fiscal 2009-10, according to the latest traffic figures released by the Indian Ports Associat

Customs and Border Protection is alerting the trade to be watchful of pests in wood packing material, even if it has been stamped as treated under International Standard Phytosanitary Measure 15.

The U.S. trucking industry shed more than 16,000 jobs in April, the Labor Department said, as part of a 38,000 job loss in the transportation and warehousing sector.

Glenn Tilton, chairman and chief executive of United Airlines parent UAL, urged U.S.

Anti-dumping activity is up.

Orient Overseas Container Line, Tokyo Senpaku Kaisha and COSCO Container Lines agreed to operate a new joint service, the Middle East Express.

As a measure of how tough the freight rail market is these days, short lines had their best week of 2009 in hauling basic stone and related materials used in heavy construction, yet that category was

Australia’s Flinders Ports and Dubai-based DP World agreed to a joint venture arrangement for the operation of DP World's terminal in Port Adelaide.

Bulk carrier Quality Distribution reduced its losses in the first quarter as it restructured to meet lower demand and reduced its debt to decrease interest payments.

The key lawmaker for transportation policies in the House of Representatives lauded President Obama’s budget plan for its unprecedented spending requests for passenger rail systems.

Nippon Express, Japan's largest freight forwarder, said on Friday that it suffered declines in both sales and profit in fiscal 2008, which ended on March 31.

The Port of Montreal is going ahead now with preparations for a new container terminal of 510,000 TEUs annual capacity, but actual construction may await recovery signs from the shipping slowdown.

The Obama administration has budgeted $73.3 billion for the U.S. Department of Transportation in 2010.