Port of Portland, Ore. Executive Director Bill Wyatt told the Portland Business Journal low crude oil prices have caused trucking rates to drop well below expected levels, making direct container service to the Puget Sound region less economically viable.
Wal-Mart takes aim at Amazon with two-day delivery service
Big-box retailer Wal-Mart Stores Inc.’s ShippingPass e-commerce subscription program will begin offering delivery in two days rather than three at half the price of Amazon’s Prime service, the company said in a statement Thursday.
U.S.-flag Great Lakes freighter cargo volumes rise 9.7% in April
Although the U.S.-flag Great Lakes freighters carried more iron ore and grain during the month, in comparison to April 2015, the freighters shipped less coal, limestone, cement and salt.
SingPost reports record profits in fiscal 2015/16
The national mail carrier of Singapore and budding third-party logistics provider’s full-year net profit soared 57.9 percent to $248.9 million Singapore (U.S. $ 181.45 million) thanks to one-time divestment gains.
DSV posts flat operating profit in Q1 2016
The Danish global transport and logistics provider reported an operating profit of 643 million Danish krone (U.S. $98.59 million) for the quarter compared with first quarter 2015 as it continues to integrate the newly acquired business of UTi Worldwide.
Report: Kessler to stay with Cargomatic
Jonathan Kessler, co-founder of the truckload capacity marketplace, often referred to as the “Uber of trucking,” will remain with Cargomatic as chief product officer despite stepping down as CEO, according to a report from DC Velocity.
IAG Cargo shakes up presence in Middle East
The airfreight carrier will split two Middle Eastern routes, allowing customers to benefit from 83 percent additional capacity for the region.
Pasha Automotive returns to San Francisco, expands on East Coast
The Port of San Francisco Commission this week approved Pasha’s plans to take over Pier 80, which the ocean carrier will primarily use to handle automobile imports and exports, along with vehicles processing.
OCEMA clarifies VGM tare weight liability issue
The ocean carrier group told U.S. exporters they will issue a tariff clearly stating that shippers would have no liability from inaccurate carrier-provided tare weight to calculate VGM.
DCLI being sold to private equity fund EQT
Direct ChassisLink, Inc., which was established in 2012 by its current owner Littlejohn & Co., has grown its equipment fleet to 120,000 marine chassis and 92,000 rail intermodal containers.