The express airfreight carrier division of FedEx Corp. will commence a new freighter service between subsidiary TNT Express’ air hub in Liège, Belgium, to the FedEx World Hub in Memphis, Tenn. in early April 2017, the company said in a statement.
Tulsa Port of Catoosa reports February volumes
The inland river port in Oaklahoma shipped 256,488 tons of waterborne cargo in February, down slightly from one month prior.
Lufthansa Cargo boosts temperature-sensitive capacity in Frankfurt
The German cargo airline said improvements to the Cool Center are slated for completion later this year and will expand the center to 8,000 square meters.
GPA commissions new STS crane
The Port of Savannah’s Garden City terminal received the first of four new neo-Panamax ship-to-shore cranes, and the remaining three will arrive by late April.
DP World sets focus on expanded Panama Canal
DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem met with Panama President Juan Carlos Varela to explore logistics and industrial parks, and other opportunities relating to the expanded Panama Canal.
Multiple chassis lessors up rates amid higher costs
One intermodal chassis provider, however, the North American Chassis Pool Cooperative, will maintain its current pricing for both pool and premium chassis despite increased labor costs and inventory and fleet enhancement efforts, NACPC said in a statem…
FedEx misses on Q3 FY2017 earnings despite higher revenues
The Memphis, Tenn.-based integrator posted a net income of $562 million on revenues of $15 billion for the third quarter of its fiscal year 2017, which ended Feb. 28, year-over-year increases of 10.8 percent and 18.1 percent, respectively.
DSL to start new feeder service in April
Sailing between Djibouti and Somalia, the container feeder service will operate with one chartered 1,000-TEU vessel, maritime news outlet Splash 24/7 reported.
North American freight market shows continued growth in February
Shipment volumes for the month grew 7 percent from January and 1.9 percent compared with the same 2016 period, the third year-over-year increase in as many months, according to the latest Cass Freight Index Report.
ATA: Truck tonnage index steady in February
The seasonally adjusted For-Hire Truck Tonnage Index slipped 0.1 percent compared with the previous month to a reading of 138.7, following a revised 2.9 percent increase in January, according to the American Trucking Associations.