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U.S. Class I railway employment continues to fall in June

Major freight railroads in the United States employed 152,426 workers as of the middle of June 2016, down 0.2 percent from the previous month and 11.55 percent year-over-year, according to data from the Surface Transportation Board.

Shipping NewsPosted on: July 25, 2016

Landstar earnings tumble in Q2, first half 2016

Asset-light third-party logistics provider Landstar System posted a net income of $61.5 million on $1.49 billion in revenues for the first half of 2016, decreases of 12.8 percent and 8.8 percent, respectively, compared with the same 2015 period.

Shipping NewsPosted on: July 25, 2016

Containership damaged transiting expanded Panama Canal

The 8,530-TEU CSCL container vessel Xin Fei Zhou scraped its side against the wall of one of the recently inaugurated locks of the important Central American waterway, according to a report from the Associated Press.

Shipping NewsPosted on: July 25, 2016

GRI Roundup: Maersk, CMA CGM, Hapag-Lloyd, OOCL and MOL

Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL and MOL issued rate increases on various trades.

Shipping NewsPosted on: July 25, 2016

TMS takes Aaron’s from ‘primitive’ to modern state

The nationwide lease-to-own retailer started using Cloud Logistics’ transportation management system over a year ago due to its network complexity, and has reaped the benefits of reporting tools and faster tendering.

Shipping NewsPosted on: July 25, 2016

OOCL’s volumes rise, revenues sink

The Hong Kong-based container carrier transported 1.5 million TEUs in the second quarter of 2016 on revenues of $1.1 billion.

Shipping NewsPosted on: July 25, 2016

Baltic Exchange takes another step toward merger with SGX

The Baltic Exchange, which publishes indexes for the dry bulk shipping and tanker industries, sent an agreement to its 48 shipbroking panelists asking them to sign the agreement, which would facilitate the finalization of an offer by the SGX.

Shipping NewsPosted on: July 25, 2016

GPA approves $19.7m spending package for inland port

The intermodal center, which is scheduled to commence operations in the late summer of 2018, will enable shippers from surrounding states to more easily reach the Port of Savannah by rail instead of truck, the Georgia Ports Authority said.

Shipping NewsPosted on: July 25, 2016

U.S. duties near for cold-rolled steel imports

The U.S. Commerce Department made its affirmative final determinations in the antidumping and countervailing duty investigations of imports of certain cold-rolled steel flat products from several nations.

Shipping NewsPosted on: July 25, 2016

Korea Airlines may raise additional funds for Hanjin

South Korean ocean carrier Hanjin is required to submit a plan for raising 1.1 trillion won to Korea Development Bank by the end of the month.

Shipping NewsPosted on: July 25, 2016

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Fashion Accessories Shippers Association

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