The third largest container carrier said that it has outperformed a market plagued by overcapacity and lower rates.
FTR: Trailer orders decline in October
U.S. truck trailer net orders totaled 32,200 units in October, a 7 percent decrease from September and a 30 percent decline from the same period in 2014.
ABC starts Atlanta service
AirBridgeCargo Airlines, a subsidiary of Volga-Dnepr Group, has added Atlanta to its North American route network with the start of twice-weekly flights.
Spot container rates sink 28% to Northwest Europe
In addition to the overall SCFI reading, rates from Shanghai to Northwest Europe, the Mediterranean and the United States have all fallen for the past three consecutive weeks.
Amsterdam’s Schiphol airport posts Q3 cargo throughput
The airport handled 409,034 tons of cargo in the third quarter of 2015, a 0.08 percent year-over-year decline.
U.S. steel exports fall in September
The United States exported 811,584 net tons of steel in September and 7.75 million net tons of steel during the first nine months of 2015, down 21.5 percent and 15.3 percent year-over-year, respectively.
CEVA opens new HQ for South America
The Netherlands-based third-party logistics provider opened a new headquarters for South America and a Center of Logistics Excellence in Sao Paulo, Brazil.
Stifel logistics index hits 3-year low
The index, which measures confidence in European ocean freight and air freight lanes, has declined for six consecutive months, with the Europe-to-U.S. lane the only glimmer of hope.
Tulsa Port of Catoosa’s volumes skyrocket in October
The Oklahoman inland river port saw water-borne cargo throughput rise 82 percent month-over-month in October to 170,751 tons.
Virginia aims for $670 million in new port investment
The Virginia Port Authority plans to extend VIG terminal lease by several decades and the governor wants to use bonding authority to borrow $350 million for other port improvements.