The Greenwich, Conn.-based third-party logistics provider won a five-year contract to manage INTERSPORT’s first outsourced logistics warehouse.
U.S. ports lag behind neighboring foreign ports
Federal Maritime Commissioner Richard A. Lidinsky Jr. said that ports in the United States must continue to expand and improve to handle rising container volumes in order to stay competitive with neighboring foreign ports.
Port of Antwerp’s volumes grow in first half of 2016
The Belgian port, which has been seeing a surge in ultra large containerships, handled 5 million TEUs during the first half of 2016, weighing 59.8 million metric tons, a year-over-year increase of 4.4 percent and 3.9 percent, respectively.
Cathay strengthens presence in U.S.
The Hong Kong-based airline is expanding its presence in the United States with the addition of a twice-weekly scheduled landing at Oregon’s Portland International Airport.
FTR: Class 8 orders remain ‘depressed’
Net orders for North American Class 8 trucks in June fell 8 percent from May and 34 percent compared with June 2015, according to preliminary data from freight forecaster FTR Transportation Intelligence.
HMM signs MOU with 2M Alliance members
Ocean carrier Hyundai Merchant Marine, which has been struggling to turn a profit in recent years, signed a memorandum of understanding with 2M Alliance members Maersk Line and MSC to join their major east-west vessel sharing agreement.
NEWS FLASH: HMM signs MOU with 2M Alliance
Ocean carrier Hyundai Merchant Marine, which has been struggling to turn a profit in recent years, signed a memorandum of understanding with 2M Alliance members Maersk Line and MSC to join their major east-west vessel sharing agreement.
CSX profits continue to suffer from coal decline
The Jacksonville, Fla.-based railway saw second quarter 2016 net earnings drop 19.5 percent to $445 million on revenues that fell 11.7 percent to $2.7 billion compared with the second quarter of 2015.
Moody’s: FASTLANE program is ‘credit positive’ for ports
Ports in the United States will benefit from the federal government’s effort to improve freight mobility with the so-called FASTLANE program, according to the credit rating agency Moody’s Investor Service.
Port of Los Angeles reports first half volumes rise despite weak June
The Southern California port saw cargo volumes rise 5.9 percent year-over-year for the first six months of 2016.