The port attributed the 12.4 percent year-over-year decline in February box volumes to the timing of Lunar New Year, but volumes were still higher than the most recent 5-year average for February.
UPS to invest another $90m in natural gas fleet, infrastructure
The Atlanta-based parcel giant will build an additional six compressed natural gas (CNG) fueling stations, and add 390 new CNG tractors and terminal trucks, along with 50 liquefied natural gas (LNG) vehicles to its alternative fuel fleet.
Oetker signs deal to sell Hamburg Süd to Maersk
German conglomerate Dr. August Oetker KG said the deal may take place at the end of the year, subject to regulatory approval.
Commentary: Lofty climate goals flew too high
The European Union’s regulations aimed at curbing airline emissions have been around in a diluted form for many years, but it seems the rules will never rise to their initially intended purpose, according to Jon Ross, an expert on the air cargo industry.
Maersk Tankers to study wind propulsion tech
The A.P. Møller-Maersk Group subsidiary has partnered with Norsepower Oy, The Energy Technologies Institute, and Shell Shipping & Maritime to install and test Flettner rotor sails on a Maersk Tankers’ vessel.
Port of Wilmington, N.C. gains new Asia-U.S. East Coast service
The new Asia-U.S. East Coast EC2 container service will begin calling the Port of Wilmington, N.C. in May.
Coyote Logistics opens office in Mexico
The Chicago-based logistics company said it will offer truckload, less-than-truckload, intermodal brokerage and transportation management services to shippers through the new office in Guadalajara, Mexico.
Special Coverage: Can ocean carriers change their spots?
Despite historic consolidation, ocean shipping industry veterans skeptical underlying fundamentals have shifted.
DHL eCommerce launches Hong Kong fulfillment center
The new center will primarily work to provide overseas e-tailers with fast and flexible shipping solutions, integrating inbound freight, inventory and last-mile delivery in a one-stop solution, DHL said.
INTTRA acquires container repositioning platform
The ocean shipping electronic marketplace has paid an undisclosed sum for Avantida, a cloud-based provider of solutions, to better manage empty containers.