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GRI Roundup: CMA CGM

French ocean carrier CMA CGM issued a general rate increase from all Asian ports to all Middle East Gulf ports.

Shipping NewsPosted on: November 2, 2015

Wreck believed to be El Faro found

The U.S. Navy used side scan sonar devices to locate the wreck under 15,000 feet of water, and additional equipment will be required to confirm ship’s identity, according to the National Transportation Safety Board.

Shipping NewsPosted on: November 1, 2015

HTA complains of illegal activity during drayage protests

Seven marine terminals at the ports of Los Angeles and Long Beach have been locking out companies targeted by protesters, according to the Harbor Trucking Association, a trade association representing drayage and intermodal carriers.

Shipping NewsPosted on: October 30, 2015

Spot container rates skyrocket from Asia to Europe

Since last week, rates from Shanghai to Northwest Europe and the Mediterranean increased by 328 percent and 298 percent, respectively.

Shipping NewsPosted on: October 30, 2015

Japanese carriers report mixed first half results

Container business was hampered by overcapacity caused by the delivery of ultra-large containerships, depreciation of the euro and an economic slump in Europe, according to ocean carrier NYK.

Shipping NewsPosted on: October 30, 2015

CSCL to lease up to 11 ships with capacity for 21,000 TEUs each

Chinese liner giant China Shipping Container Lines pointed to the cost and environmental benefits of ultra-large large ships as the primary reasons for the new order.

Shipping NewsPosted on: October 30, 2015

Port of New York/New Jersey reports record September

The port handled a record number of containers and automobiles in September, according to the latest figures from the Port Authority of New York and New Jersey.

Shipping NewsPosted on: October 30, 2015

Echo Q3 revenues, profits up more than 40%

Freight brokerage and managed transportation services provider Echo Global Logistics posted huge year-over-year growth, thanks in part to its acquisition earlier this year of rival brokerage firm Command Transportation.

Shipping NewsPosted on: October 30, 2015

Norfolk Southern sees 19% drop in Q3 net income

The railway broke ground on a $70 million railroad bridge in Letchworth State Park in conjunction with the New York State Department of Transportation; the New York State Office of Parks, Recreation and Historic Preservation; and various other supporte…

Shipping NewsPosted on: October 30, 2015

CN increases net income 18% in Q3

Canadian National Railway posted a net income of $1.01 billion Canadian on revenues of $3.2 billion Canadian for the third quarter of 2015.

Shipping NewsPosted on: October 30, 2015

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