Latest news

Dockworker unions at the heart of a five-week strike at the Port of Hong Kong hinted they might downgrade pay demands, providing the government with some hope that talks scheduled for Tuesday may yield an agreement.

One of the Middle East’s most senior airline executives has dismissed claims that the three major Mideast airlines are growing more than other carriers operating in the region because of unfair advantages.

Universal Truckload Services reported net income in the first quarter of 2013 totaled $11.4 million, compared with net income of $14.4 million and pro forma net income of $10.4 million in the same quarter of 2012.

Container Corporation of India has announced a “special intermodal rate scheme” for the movement of empty containers between the Vallarpadam International Container Transshipment Terminal at Cochin port and Bangalore, a southern hinterland destination, following requests from terminal operator DP World.

James Welch is aiming for an operating profit at YRC Worldwide in 2013, following a $24.1 million operating profit in 2012, as he approaches his third year as CEO of the less-than-truckload operator.

OOCL celebrated the delivery of its fourth 13,208-TEU ship on April 29.

Cargo through Amsterdam Airport Schiphol rose slightly in the first quarter of 2013 to 366,269 metric tons, up 2.3 percent year-over-year.

Anthony Foxx, mayor of Charlotte, N.C., has been selected by President Barack Obama to be the new head of the Department of Transportation, NBC News reports.

The increasing dominance of super-post-Panamax ships in the major east-west trades is forcing smaller, niche carriers out of business on those lanes and raising the barrier to further entries.

Maersk Line has hired Microsoft’s head of global retail sales and marketing as chief commercial officer of the world’s largest ocean carrier.

TNT Express’s first quarter revenue shrank 4.5 percent to 1.67 billion euros ($2.2 billion) as the Dutch parcel delivery company scaled back international operations to focus on its core European market in the wake of a collapsed takeover bid by its larger U.S. rival United Parcel Service.

Rotterdam handled 4 percent more ocean containers in the first quarter than a year ago, but an increasing number were empty because of the continuing economic downturn across Europe.

China Shipping Container Lines plans to order five 18,000 20-foot-equivalent unit container ships, the world’s largest, becoming the first carrier to challenge Maersk Line, which will deploy the first vessel of this size in the Asia-Europe trade in June.

Antwerp’s container traffic declined 2.8 percent in the first quarter from a year ago even as total throughput was up 1.4 percent on sharply higher liquid bulk shipments.

Lambert-St. Louis International Airport reported its total cargo and mail volume for the first three months of 2013 was 37.3 million pounds, increasing 3.5 percent from the same period in 2012.

Old Dominion Freight Line reported net income in the first quarter of 2013 of $40.6 million, increasing 30.4 percent from $31.1 million in the first quarter of 2012.

TAL International reported net income in the first quarter of 2013 was $37.5 million, increasing 14.0 percent from $32.9 million in the first quarter of 2012.

VTG Aktiengesellschaft, a wagon hire and rail logistics company in Europe, and Kuehne + Nagel, a logistics business, have signed a letter of intent for a merger of parts of their rail logistics activities...

Hapag-Lloyd will boost rates for all cargo and container types on its trade from the Mediterranean to all coasts in the U.S., starting June 1.

Japan’s All Nippon Airways Co. said that its international cargo volume rose for the first time in two months in March on a year-on-year basis, increasing 3.7 percent to 51,455 tons.

For Mexico to become a world-class manufacturer, the U.S.’s southern neighbor needs to improve its security amid drug-related violence, build up its freight infrastructure, and expand its manufacturing capacity, among other things, analysts say.

U.S. Congress has passed a bill that will halt air traffic controllers from being furloughed as part of budget cuts related to sequestration.

UPS will purchase CEMELOG, a Hungary-based pharmaceutical logistics company, as part of its growth and investment strategy.

Goodman Group’s Goodman Japan Development Partnership has acquired a 26,000 square meter (about 279,862 square foot) development site in Nagoya, Japan...

Celadon Group reported net income in the third quarter of fiscal year 2013, ending March 31, 2013, was $4.4 million, dropping 22.8 percent from $5.7 million in the third quarter of fiscal year 2012.

The Footwear Distributors and Retailers of America has applauded the reintroduction of the Affordable Footwear Act in the U.S. House of Representatives.

The United States may be the trade capital of the world, but if you’re looking for North America’s fastest-growing container ports, you’ll have to look north and south of its borders.

American Railcar Industries reported profit in the first quarter of 2013 was $17.9 million, increasing 49.4 percent from $12.0 million in the first quarter of 2012.

Southwest Airlines reported net income in the first quarter of 2013 was $59 million, including $6 million of special items, compared with $98 million in the first quarter of 2012, which included $116 million of special items.

Longshoremen in the Pacific Northwest are intensifying their efforts to draw attention to the plight of International Longshore and Warehouse Union members that have been locked out of a grain elevator in Vancouver, Wash., since Feb. 27.

Fesco, the owner of Russia’s largest ocean container carrier, announced it has successfully priced $800 million of bonds.

Landstar reported its net income in the first quarter of 2013 was $26.8 million, flat compared with the record profit that was achieved in the first quarter of 2012.

Box Ships reported net income in the first quarter of 2013 of $4.0 million, down 15 percent from $4.7 million in the first quarter of 2012.

Vitran reported profit in the first quarter of 2013 of $67.7 million, compared with a net loss of $5.8 million in the first quarter of 2012.

Shipper frustration mounts over high costs and lengthy delays tied to random U.S. Customs inspections.

GATX reported net income in the first quarter of 2013 was $27.1 million, falling 10.5 percent from $30.3 million in the first quarter of 2012.

The transloading of merchandise from marine containers to domestic containers and trailers isn’t a new phenomenon in supply chain logistics, but for a variety of reasons, its use by retailers and direct importers is increasing faster than imports in general, especially in Southern California.

UPS and the International Brotherhood of Teamsters have reached a tentative agreement on two new five-year contracts for package and freight workers.

Qatar has presented the International Civil Aviation Organization with an offer to serve as the new permanent seat of the United Nations agency.