Latest news

Sharp Electronics and Pier 1 fell back sharply in The Journal of Commerce rankings of the Top 100 Importers for 2010 in a sign of the ongoing impact of the retail industry’s inventory retrenchme

Bob Sappio, a veteran of 29 years at APL, will leave the company as the container shipping line extends a restructuring of its top management.

YRC Worldwide is once again contributing to Teamsters pensions, but at much lower level than it did before suspending those contributions in July 2009.

The Port of Los Angeles adopted a fiscal 2011-12 budget totaling $976.6 million, which projects operating revenues of $405.4 million and a capital budget of $291 million.

The U.S.

Transport Corporation of India, the Asian country’s largest integrated supply chain and logistics service provider, on Thursday posted net profit of $11.4 million for fiscal 2010-11, a 20 percen

The Federal Maritime Commission announced that its offices remain closed on Thursday while the local electric utility attempts to restore power to the building that houses its offices.

Michigan Gov.

Maersk Line will operate scheduled services to the Mediterranean island port of Marsaxlokk, Malta Freeport Terminal confirmed.

Shippers are adjusting to slow-steaming by ocean carriers but want carriers to use some of the savings to reduce freight rates and improve customer service, according to a survey of 290 logistics exec

Mediterranean Shipping Co. will raise general rates on cargo shipped from northern European and Mediterranean ports to Canada and Mexico, effective July 1.

Neptune Orient Lines said Thursday it completed $1.1 billion in loan agreements and documentation with financial institutions providing financing for the 12 container ships the carrier ordered last ye

International air cargo traffic grew 5.4 percent in April but the gain lagged behind rapidly expanding capacity and behind growth in world trade, according to the International Air Transport Associati

Transportation and logistics giant Con-way will send $200,000 to help tornado survivors rebuild in Joplin, Mo., the home of its Con-way Truckload division.

UTi Worldwide reported a 13.2 percent decline in net profit to $8.7 million in its fiscal first quarter ending April 30 as costs from restructuring global operations offset a 14 percent gain in revenu

Horizon Lines, struggling in recent weeks to stave off a debt default, said Wednesday it has new agreements with bondholders to refinance the company's entire capital structure.

The Port of Oakland secured $18 million in federal funding for operations and maintenance dredging for its 50-foot channel.

The average price of diesel fuel fell for the fourth straight week in the period ending May 31, sliding 4.9 cents to $3.948 a gallon, the U.S. Energy Information Administration said.

Philippine terminal operator ICTSI offered to buy all the shares of Portek International, a Singapore-based investment holding company that operates medium-sized container and multipurpose ports, for

Container volume moving through West Coast ports increased 7 percent in April compared to April 2010, with export growth outpacing import growth.

China Southern Airlines will buy six 777 freighters in a move to sharply increase the carrier’s reach into the international cargo market.

U.S. manufacturing growth slowed sharply in May amid rising commodity prices and an uncertain economic outlook, according to the Institute for Supply Management’s monthly index.

BAe Systems is selling its commercial aircraft leasing and asset management to the private Fortress Investment Group as the British transportation manufacturer focuses more sharply on its large defens

Moscow’s Domodedovo International Airport pulled its planned initial public offering in London saying it is not satisfied with its valuation.

Roadrunner Transportation Systems acquired M. Bruenger Trucking, a truckload carrier with headquarters in Wichita, Kans., for approximately $10.6 million.

Maersk Line announced a piracy risk surcharge on containers shipped between India and the Middle East region. Effective June 1, the surcharge is $70 per 40-foot equivalent unit.

Lufthansa Cargo inaugurated its South Asia pharmaceutical hub at India’s Hyderabad airport with shipments of medicines to Philadelphia and Chicago.

The International Chamber of Commerce is urging G20 leaders to push for conclusion of the Doha Round of trade talks and says a new report shows major nations are violating pledges to restrict protecti

Hanjin Shipping introduced an upgraded Supply Chain Carbon Calculator that enables a shipper to calculate CO2 emissions for transporting a container by period, multiple destinations and bill of lading

The shares of DP World were listed Wednesday morning on the London Stock Exchange’s main market for listed securities.

Copenhagen’s stock exchange said Wednesday it found no basis for concluding A.P. Moller-Maersk had passed price-sensitive information to an SEB Enskilda shipping analyst last month.

Japan and Peru have a new free trade agreement to eliminate import tariffs on almost all products traded between the two countries within 10 years.

Japan’s exports to the rest of the world sank at an accelerated pace in early May in the wake of the devastating earthquake and tsunami that hit the country on March 11.

Horizon Lines says the New York Stock Exchange is warning the company faces possible delisting because its market capitalization and stockholder equity have fallen below NYSE criteria.

Container lessors spent an estimated $4 billion to acquire more than 1.6 million 20-foot equivalent units last year, according to the Institute of International Container Lessors.

The Department of Transportation is working on changes in rail regulations that could save the industry more than $1 billion over the next two decades.

The expanded Panama Canal and higher fuel costs will boost demand for U.S. warehouses and distribution centers, a new report says.

The value of surface transportation trade between the U.S.

President Obama said he will nominate John Bryson, former chairman and CEO of utility company Edison International, to head the Department of Commerce.

Rising shipments from China fueled an 8.7 percent increase in U.S. containerized imports in April, PIERS data show.