The ocean carrier alliance will deploy 10,000-TEU vessels on its new NYX loop between Asia and the U.S. East Coast.
OOCL sees Q1 revenues tumble 17.1%
The Japanese ocean carrier saw revenues fall 17.1 percent year-over-year in the first quarter of 2016 to $1.1 billion.
Hanjin seeks debt revamp as cash dwindles on slump
The South Korean ocean carrier said it will work with lenders to restructure debt after years of weak demand resulted in losses and cash erosion.
Tulsa Port of Catoosa posts March cargo volumes
The inland river port’s inbound waterborne cargo throughout in March primarily consisted of fertilizer.
Union Pacific’s earnings exceed estimates amid cost cutting
The Omaha, Neb.-based railway saw earnings drop to $1.16 per share for the first quarter of 2016, compared to $1.30 per share for the first quarter of 2015.
OCEAN Alliance Market Share Analysis Report
The proposed alliance would become a dominant player in the three major east-west trades, beating out total capacity currently offered by the 2M Alliance on those trade lanes, according to an analysis from BlueWater Reporting.
VGM compliance to start earlier for transshipped cargo
Shippers should think about supplying container weight data to ocean carriers ahead of the July 1 start date if they ship cargo that transfers to a second vessel in another port.
Dachser’s revenues jump 6.5%
The global third-party logistics provider posted revenues of 5.6 billion euros for fiscal year 2015, a 6.5 percent year-over-year increase.
TIACA: air cargo industry can help stop IPR violators
The International Air Cargo Association said the industry, especially the intermediaries, has a role to play in keeping products that infringe on intellectual property rights out of the supply chain.
Hapag-Lloyd, UASC in merger talks
German ocean carrier Hapag-Lloyd revealed it is discussing a possible merger with United Arab Shipping Company.