Shipping lines in the eastbound Pacific announced Wednesday a schedule of minimum rates that appear to reflect strong demand for vessel space on all-water services to the East and Gulf coasts, and congestion issues on the West Coast.
Growth in containerized imports and exports through North Europe ports is expected to flatten out this year after solid increases in 2014, according to the North Europe Global Port Tracker report.
Container volumes at West Coast ports plummeted 24 percent in the first two months of the year compared to 2014 due work slowdowns by the International Longshore and Warehouse Union, marine terminal congestion and the diversion of cargo to other ports.
HONG KONG -- Orient Overseas International Ltd.'s announcement that it will spend almost $1 million on the purchase of six 2
AirBridge Cargo, the only Russian carrier in the Hong Kong market, will be the main beneficiary of fifth freedom traffic rights out of the city that were granted to Russian air freight carriers following a new round of bilateral talks that concluded last month.
Although its last fiscal year was ugly, UTi Worldwide is optimistic about the year ahead, and expects to grow its freight forwarding and logistics businesses. A surge in air freight in February and March attributed to U.S. West Coast port congestion helped.
The Port of Virginia is rolling out additional equipment and breaking ground on a new cargo yard in an effort to relieve a now six-week-long container backlog on the waterfront.
The truck driver shortage in the U.S. apparently is becoming "more pervasive" despite higher pay and retention efforts by for-hire trucking companies, data released by the American Trucking Associations suggests.
2M Alliance partners Maersk Line and Mediterranean Shipping Co. have added a fourth westbound trans-Atlantic service as part of a global revamping of their east-west routes.
A benchmark of contracted ocean freight rates has inched up, but doubts remain whether the uptick is sustainable considering beneficial cargo owners’ resistance to pay more for poor service.
Hapag-Lloyd said it detected and prevented the shipment of 2,620 misdeclared shipments of dangerous goods last year — an average of more than 50 a week.
Officials at the Panama Canal say an “unusual” backlog of vessels on either side of the waterway is likely due to the lingering effects of U.S. West Coast port congestion more than a month after acrimonious labor disputes there came to a close.
Global air cargo traffic soared by 11.7 percent in February, driven largely by the timing of the Chinese lunar New Year and the congestion at U.S. West Coast ports, the International Air Transport Association reported.