Latest news

MSC Belgium has introduced a new container release system that allows customers in the Port of Antwerp in Belgium to collect their containers quickly in a secure environment.

FedEx Freight Canada, a subsidiary of FedEx, has held an opening ceremony for its new service center for the Vancouver, British Columbia, area.

Fesco, the operator of Russia’s largest ocean carrier, has successfully sold $75 million of corporate bonds, just weeks after it closed on a $800 million bond sale.

Grupo TMM reported a net loss of 165.6 million Mexican pesos (about US$13.4 million) in the first quarter of 2013, compared with a net loss of $11.3 million in the first quarter of 2012.

FedEx Trade Networks has broken ground at its future residence, the Riverview Solar Technology Park in Tonawanda, N.Y.

Janel World Trade reported a net loss of $289,060 in its fiscal second quarter ending March 31, 2013, an improvement from a net loss of $397,831 in the same period last year.

Damco’s profit slipped on increased revenue in the first quarter as the global freight forwarding and logistics group saw air freight tonnage soar while ocean container traffic stalled.

APM Terminals profit slumped and revenue stalled in the first quarter as lower traffic at its European container terminals and the loss of a key U.S. contract offset gains in emerging growth markets.

Maersk Line swung to a $204 million operating profit in the first quarter from a $599 million loss a year ago, its fourth successive quarter in the black, driven by cost savings, higher freight rates and a lower fuel bill that more than compensated for flat container volumes.

Transport Corp. of India reported its group net profit in fiscal year 2012-13, which ended March 31, 2013, was $12.86 million, jumping 17 percent from $11 million in 2011-12.

DHL Supply Chain plans to invest €10 million (approximately US$13 million) to expand its presence in Vietnam over the next couple years.

Logwin has moved its Vietnam warehousing and logistics operations into a new facility close to Hanoi, which will serve the country’s northern region.

The Australian government has unveiled the next phase of its $60 billion road and rail infrastructure investment program as part of its 2013-2014 budget, inviting private investment via public-private partnerships.

The Japanese economy grew 0.9 percent in the January-March quarter from the preceding quarter, or at an annualized pace of 3.5 percent, in real terms, the Cabinet Office said in a preliminary report on May 16.

The North American Bangladesh Worker Safety Working Group, a collaboration of five U.S. and Canadian apparel and retail associations, has outlined a set of proposals to further its commitment to improving worker safety in Bangladesh...

PortMiami’s Deep Dredge Project contract has been awarded to the Great Lakes Dock and Dredge for the deepening of the port’s channel to 50/52 feet, according to the U.S. Army Corps of Engineers.

Kent Bicycles has opened a distribution center in Savannah, Ga., with plans to move more than 1.3 million bicycles, or 7,000 20-foot-equivalent units, a year through the Port of Savannah.

U.S. manufacturing and agricultural exports to Colombia are on the rise, as the trade agreement between the two nations reaches its one-year mark, according to Acting U.S. Trade Representative Demetrios Marantis.

LONG BEACH, Calif. — As North American container ports compete fiercely for market share, it’s becoming clear that the winners will be those that reliably and efficiently handle mega-ships on the water and land side of the berths.

The Senate's passage of the Water Resources Development Act on Wednesday paves the way for increased investment in ports, and speedier completion of maritime and inland waterway projects. Because the bill is 294 pages and far from a page-turner, The Journal of Commerce decided to break down what the Senate version calls for and what challenges the legislation faces ahead.

Members of the U.S. House Agriculture Committee have passed the Federal Agriculture Reform and Risk Management Act in a 36-10 vote.

C.R. England has appointed Sam Scott and Tracy Brown as new division presidents, according to Chad England, CEO of the transportation company.

The European Union’s trade surplus expanded to €15.8 billion (appoximately US$20.4 billion) in March....

Meridian Port Services container terminal in Tema, Ghana, is currently erecting five Konecranes rubber-tire gantry cranes.

The Port of Hamburg handled 32.8 million tons of seaborne cargo in the first three months of 2013, putting the German port “back on a growth course,” fueled in particular by a 6.3 percent year-over-year increase in bulk cargo.

Despite its efforts to boost grain yields for the 10th consecutive year, China — the world's largest rice consumer — is expected to become also the largest rice importer in 2013/14, according to a newly released report by the U.S. Department of Agriculture.

The Federal Maritime Commission voted 3-2 to move forward with changes to rules governing non-vessel-operating common carriers and freight forwarders.

PostNord reported its net profit in the first quarter of 2013 was 185 million Swedish krona (about US$27.8 million).

The Coast Guard yesterday approved plans for the $1.3 billion project to raise the roadway of the Bayonne Bridge....

Adani Ports and Special Economic Zone Ltd., India’s largest port infrastructure developer, reported its net profit surged 47 percent year-over-year in fiscal year 2012-13, which ended March 31, 2013, to $300.25 million on a consolidated basis.

Shreyas Shipping and Logistics announced plans to launch a coastal container service between West India and South India.

Japan’s Hitachi Transport System Ltd. acquired a stake of about 87 percent in U.S. logistics firm James J. Boyle & Co. as part of efforts to further expand its global operations.

As temperatures rise across the country, consumers will be moving outdoors and heading to stores. Supressed demand may translate to a rush to find trucks in late May, said Derek Leathers, Werner Enterprises' president and COO.

The Port of Green Bay, Wis., reported cargo tonnage in April surged 117 percent compared with the same month last year.

The Port of Los Angeles reported a 9.5 percent decline in April cargo volume year-over-year.

Mark Ivey Sheppard, vice president for trade and development at the Alabama State Port Authority, died Tuesday at his home following a brief illness. He was 61.

CMA CGM, Maersk Line, Hamburg Süd, CSAV, China Shipping Container Lines and Hanjin will restructure their services between the Far East and South America’s east coast by launching three joint services in July.