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Maersk Line's profit plunged 60 percent in the third quarter from a year earlier as rising overcapacity and lower cargo volumes depressed ocean freight rates to historic lows.

Allcargo Logistics Ltd., India’s leading international freight forwarder and port-based logistics provider, reported a 14 percent increase in consolidated net profit for the second fiscal quarter, despite flat revenue, the company said in a filing to the Bombay Stock Exchange on Friday.

Manitoulin Transport, one of Canada's largest less-than-truckload operators, opened a new terminal in Winnipeg, part of an ongoing expansion in Western Canada for the Ontario-based company.

Old Dominion Freight Line is rebuilding its drayage model around company drivers to better align container hauling with its less-than-truckload business and avoid court battles over worker classification. The less-than-truckload carrier is also focusing more on East Coast ports.

The fourth-largest U.S. less-than-truckload carrier could double its market share in coming years, as sustained profitability supports ongoing expansion, CEO David Congdon tells JOC.com.

The government of Brazil is scrambling to block a strike planned by independent truck drivers for Monday.

In an abrupt change of events that could lead to labor peace among office clerical workers in Southern California for the next five years, the president of International Longshore and Warehouse Union Local 63 Office Clerical Unit said Thursday he signed individual contracts with three employers, and he has presented the same provisions to the 12 other employers in Los Angeles-Long Beach that have OCU contracts.

A year after acrimonious labor negotiations snarled traffic at U.S. West Coast ports, lawmakers have unveiled draft legislation that could trigger federal intervention to head off future slowdowns.

Orbcomm swung to a $1.6 million profit in the third quarter after the asset tracking provider's revenue doubled to $46 million on growth from acquisitions and organic gains.

The U.S. trucking industry won one battle, but lost another in Congress this week. Lawmakers in the House of Representatives passed legislation that clears the way for teenage truck drivers after killing an effort to increase current limits on truck weight.

U.S. lawmakers took a serious step closer to a multi-year highway funding bill Thursday after the House of Representatives passed a six-year, $325 billion bill.

Renewed flare-ups of drayage driver discontent at Port Metro Vancouver have revived concerns that trucker disruption could return to the port despite moves taken to quell unrest.

The contract negotiation process between the International Longshoremen’s Association on the East and Gulf coasts and management is on firm footing and in need of no change, according to Tom Simmers, executive president of United States Maritime Alliance.

The Asia-Europe trade outlook going into 2016 has become increasingly uncertain because of the big unknown: When will the Chinese economy, the key driver of the head-haul westbound leg, bottom out. Questions also exist about whether the eurozone can maintain its snail’s pace recovery — and boost its imports from China — going into 2016.

Trucking companies hauling more than 12 tonnes (13.2 tons) in Russia will have to pay new federal highway tolls starting Nov. 15 that could increase transport costs up to 15 percent.

Maersk Group will not make a major forward asset investment in Indonesia’s port or domestic shipping sector until the government addresses a range of investment concerns, according to the president director of Maersk Indonesia.

Yusen Logistics Co.’s fiscal first-half net profit more than tripled thanks to robust revenue growth driven by solid cargo volumes, a weaker yen and the end of an antitrust lawsuit-related extraordinary loss in the United States.

Jawaharlal Nehru Port Trust, India’s biggest container handler, saw its throughput volumes remain relatively flat in the first seven fiscal months, up just 0.3 percent year-over-year, hampered by off-and-on disruptions and slowing global trade, according to the newest port statistics compiled by JOC.com.

Rickmers Maritime swung to a net profit of $9 million in the third quarter from a $53 million loss a year earlier, but suspended dividend payments to conserve cash flow until the container charter market improves.

Transportation industry consultant Dan Smith for some weeks now has been studying why the Port of Oakland continues to experience unacceptably long truck turn times. His preliminary conclusion is that occasional truck surges are overwhelming terminal gates, and the solution to this problem might be a “robust appointment system.”

Riding a flurry of acquisitions, XPO Logistics’ third-quarter earnings this year exceeded company targets and Wall Street expectations.

Ocean carriers are canceling services and telling some shippers they can expect weeklong delays due to considerable and unexplained congestion through the Panama Canal.

With carriers in the Asia-Indian Subcontinent, Middle East-Asia and Asia-Mediterranean trades leading the way, global on-time performance in September reached an all-time high on the SeaIntel reliability index, the Copenhagen-based consulting firm reported today.

Revenues were down 3 percent to $1.7 billion and operating income was up 21 percent to $192 million year-over-year at Expeditors International of Washington in the third quarter.

NYK Line hopes its diverse array of business lines will help the company overcome the plunge in rates caused by overcapacity hitting the industry and has no plans to back away from its mega-ship orders.

USA Truck’s profit and revenue fell by double-digits in the third quarter as it works to restructure operations and implement new technology.

The pan-Asian CKYHE Alliance has blanked nine sailings from Asia to north Europe and the Mediterranean in response to shrinking demand in the slack winter season.

Class 8 tractor orders in the U.S. rose 30 percent from September last month, but were 45 percent lower year-over-year, a sign truckers are still digesting a big increase in truck counts and trying to rebalance capacity.

Sojitz Corp., a major trading house in Japan, has acquired Illinois, U.S.-based MET Logistics Inc., commonly known as Juno Logistics, for an undisclosed sum.

Danaos’ third-quarter income soared by 143 percent as the container ship owner reduced financing costs and grew charter revenues.

India’s biggest port operator, Adani Ports and Special Economic Zone, whose second-quarter earnings took a hit due to slowing volume growth at its flagship Mundra Port, has a reason to cheer.

U.S. Class 8 tractor registrations rose significantly in the first half of 2015, with trucking operators in the Midwest and South adding the lion's share of new vehicles, according to IHS Automotive. Those tractors are contributing to a capacity surplus where a shortage was once considered imminent. How long will the "capacity calm" last?

Global air freight traffic increased by 1 percent in September from a year earlier as strong growth in the Middle East offset a flat Asia-Pacific market and reduced volume in North America, according to the International Air Transport Association.

Maersk Line today said it will eliminate “at least,” 4,000 jobs, reduce capacity and cancel options for six mega-ships in a bid to defend its leading share of a slowing ocean container market.

U.S. shippers a year ago were by and large convinced a truck “capacity crunch” was about to hit the industry. The economy was rapidly expanding, freight demand increasing and the driver pool drying up. Something’s changed a year later and for the first time in five years, more U.S. shippers are citing an excess in truckload capacity, according to a recent shipper survey.

West Coast ports in September suffered a drop in container volume as well as import market share, but it is too early to determine if this is the beginning of a trend or just a one-month anomaly for ports that appeared to be recovering from the loss of business earlier in the year.

Geodis has completed the $800 million acquisition of Ozburn-Hessey Logistics that gave Europe’s fourth-largest logistics and transport firm a strong U.S. presence.

DP World said its Vallarpadam International Container Transshipment Terminal at India’s Cochin Port is on a steady “growth path” on the back of operational efficiency and connectivity upgrades.

DP World has signed a deal to develop a logistics free zone at Senegal's port of Dakar. The free zone investment will benefit DP World’s container terminal in the port of Dakar and shippers using the nearby Blaise Diagne International Airport.

Hapag-Lloyd today said it has raised around $300 million from its initial public offering which it will spend on new ships and containers.