A spokesperson from Hyundai Merchant Marine (HMM) told American Shipper the loop is expected to commence April 2 from Laem Chabang, operating with seven, 6,800-TEU vessels supplied by HMM.
Detention and demurrage petition gains more support
Additional shippers and logistics companies have expressed support on a call for the Federal Maritime Commission to provide guidelines on detention and demurrage charges.
HHI workers to go on strike
Hyundai Heavy Industries (HHI) is putting its restructuring plans on a shareholders’ meeting agenda for Feb. 27, but HHI workers plan to strike from Feb. 22-27 in attempts to block the meeting.
Truckload rate decline hits 11-month mark in January
Truckload pricing slipped another 0.3 percent for the month compared to January 2016, the 11th consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
Intermodal rates see biggest jump since 2014
Intermodal pricing increased 3.8 percent for the month compared with the same 2016 period, just the fourth year-over-year increase since December 2014 and the largest since October 2014, according to the latest Cass Intermodal Price Index.
Executive Moves: DHL Express and MOL
DHL Express appoints Markus Reckling as the new chief executive for Germany, while Mitsui O.S.K. Line (MOL) names chief country representative in Turkey.
Textainer posts loss for Q4 2016
Philip K. Brewer, the president and chief executive officer of Textainer, said the container lessor is pleased with the progress it has made in recovering equipment from Hanjin, which was a major customer.
NWSA sees box volumes surge in January
However, the Northwest Seaport Alliance said it may see lower cargo volumes for February, and volumes with Alaska are expected to decline for the full year of 2017 due to soft market conditions.
Special Coverage: How forwarders, NVOs will adapt to change
Forwarders and NVOs are accustomed to adapting to complex markets and new competitors, but is this time different?
BNSF agrees to $50k settlement over Illinois oil train derailment
The Berkshire Hathaway-owned Class I freight railroad will pay $50,000 in civil penalties related to a March 2015 crude oil train derailment in Galena, Ill., according to a statement from Illinois Attorney General Lisa Madigan.