Latest news

NuStar Logistics and EOG Resources, an oil and gas company, jointly develop and own a facility at St.

U.S. job growth increased more than expected in July as a rise in private payrolls offset shrinkage in government jobs, the Labor Department said.

International Container Terminal Services will complete the first phase construction of a terminal at the Port of La Plata in Argentina next year.

China’s Ningbo Port saw container traffic increase 13.7 percent year-over-year to a new record of 7 million 20-foot equivalent units in the first six months of the year.

A key measure of Chinese manufacturing fell for the straight month to its lowest point in more than two years in July, adding to the mounting worries over the direction of the global economy.

In the trans-Pacific, capacity is surging and rates are sagging. In South America, Africa and the Middle East, demand is buoyant.

An unofficial “go-slow” campaign by a group of dockworkers at the Gateway Terminals India operated by APM Terminals threatens to worsen congestion in Nhava Sheva (Jawaharlal Nehru), India&

APL said its trans-Pacific services missed their arrival window only seven times in 114 port calls to the U.S.

Hapag-Lloyd said Friday it will apply a port congestion surcharge on shipments moving through India’s Port of Jawaharlal Nehru (Nhava Sheva), making it the second carrier to do so in a month.

Con-way increased its net profit 111 percent to $29.4 million in the second quarter, as the company’s revenue increased 3.2 percent to $1.35 billion.

Canada’s Port of Prince Rupert reported loaded container volume soared 33.1 percent in July on Thursday, an unusually strong expansion that came as most North American ports are showing lacklust

U.S.

Lines will be hard-pressed to enforce peak season surcharges from Aug. 15 on Asia-U.S. lanes, said analysts and forwarders based in Asia.

North American rail shipments of intermodal containers and trailers threw off a slowdown in the final week of July, rising 3.4 percent to a new volume peak so far in 2011 of 301,393 units.

Capacity at a group of six large U.S.

Freight traffic for most North American short lines increased 3.1 percent in the week ending July 30 from a week earlier, as intermodal and lumber loadings set new 2011 highs.

Total container volumes handled by the six major ports in Northern Europe continue to decline from their March high, largely because of fears of default by several European Union member countries, acc

Maersk Line will seek a general rate increase on cargo shipped from the Indian subcontinent and the Middle East to Europe, effective Sept. 1.

Panalpina returned to profit in the second quarter from a year earlier loss by ending high-volume low-margin contracts across its global network.

Hutchison Port Holdings’ operating profit declined 20 percent in the first six months of 2011 ended June 30 to $462.5 million compared to the same period last year.

India’s Port of Jawaharlal Nehru (Nhava Sheva) disputed reports that crane replacement at the port-run terminal was done proper planning and prior consultations with users as well as other stake

Refrigerated trucking operator Frozen Food Express Industries cut its net loss by 25 percent from a year ago to $3.3 m

Railcar builders are finally seeing swelling order books after a long struggle out of recession, and are forecasting even better times ahead.

FreightCar America, an equipment builder that specializes in coal-hauling railcars, reported improved earnings for the second quarter but pointed to “mixed signals” about the pace of econo

A Panama-flag bulk cargo vessel sank in early morning Thursday about 25 nautical miles off the Mumbai coast, Indian maritime agencies said.

Roadrunner Transportation Systems reported a $7.4 million net profit in the second quarter, as the trucker’s total revenue leaped 30.4 percent to $208.3 million.

Railcar builder Greenbrier said it has booked orders in June and July to build another 3,700 railcars valued around $285 million.

Fraport AG, the operator of Frankfurt airport, reported 22 percent profit growth in the second quarter from a year ago, as freight traffic at Europe’s top cargo hub hit an all time high.

After a two-month delay, the 15 container lines that belong to the Transpacific Stabilization Agreement announced peak season surcharges as of Aug. 15.

Nippon Express, Japan’s largest international freight forwarder, posted a net profit of $69.7 million on a consolidated basis in its fiscal first 2011 ending June, compared with a

Seaspan cut its loss to $34.9 million in the second quarter from the $121.8 million loss the independent

Spot market air freight rates out of Asia slipped back to the lowest level in three months in June, falling 2.6 percent from the month before, according to the Drewry Air Freight Price Index.

Transportation Secretary Ray LaHood said California, Illinois, Iowa, Michigan and Missouri will receive $336.2 million under to buy trains for passenger rail corridors in routes shared with freight ra

Estes Express Lines will raise less-than-truckload rates an average 6.9 percent effective Aug. 8, matching rate hikes by many of its LTL competitors.

CMA CGM high-yield bonds dropped sharply in Europewan trading on Wednesday after it reported a lower-than-expected liquidity figure, and reports circulated that it may breach some of its loan agreemen

U.S. Transportation Secretary Ray LaHood blasted the U.S.

Canadian National Railway will spend $165 million to expand a freight yard in Gary, Ind., that it uses to build general freight trains, and to relocate a locomotive repair shop to there from Chicago.<

Growth in U.S. containerized imports slowed to 4 percent in the second quarter after rising 9 percent in the first three months of 2011, according to Journal of Commerce sister company PIERS.

MIQ Logistics acquired British third-party logistics provider The Logistics Corporation to expand its operations in the U.K. and Europe.

Freight shipments declined 3.7 percent in July from the previous month, a sign the sluggish economy is slipping, Cass Information Systems said Wednesday.