The Dubai, United Arab Emirates-based terminal operator expanded its terminal at the Port of Melbourne by 30,000 square meters, increasing the terminal’s handling capacity to 1.4 million TEUs a year.
Damco signs partnership with European retailer
Maersk’s third-party logistics subsidiary entered into a five-year partnership agreement to be Bettenwelt’s sole inbound logistics partner for shipments from Asia to Germany and Spain.
U.S. Class I railway employment continues to decline
Major freight railroads in the United States employed 154,212 workers as of the middle of February, down 1.53 percent from the previous month and 10.44 percent year-over-year, according to data from the Surface Transportation Board.
ATA: Truck tonnage index surges 7.2% in February
The seasonally adjusted For-Hire Truck Tonnage Index equaled 144 for the month, an all-time high for the index and an 8.6 percent increase compared with February 2015, according to the American Trucking Associations.
Hapag-Lloyd gets back in the black for 2015 despite ‘challenging environment’
The German container carrier attributed its swing to a $127.5 million profit in 2015 from a $675.6 loss in 2014 to the merger with Chilean carrier CSAV, internal cost-cutting, and lower external costs, including a big drop in fuel prices.
Ocean carrier group proposes best practices for VGM submission
The OCEMA working group published recommendations for how and when shippers should submit SOLAS container weight verification data ahead of the July 1 implementation deadline.
Stevedores strike at Santos port
At least 4,000 longshoremen at the Port of Santos in Brazil went on strike yesterday, but dry bulk vessel operations were unaffected, according to a statement from the Associacao Brasileira dos Terminais Portuarios.
UP boosts train speed on Las Vegas-area rail line
Union Pacific Railroad has increased train speed from 40 mph to 60 mph on a 7.5-mile stretch between Bonanza Road and Maule Avenue in Clark County, Nev., according to a statement from the company.
Miami man pleads guilty to defrauding U.S. Ex-Im Bank
The Justice Department on Monday said Guillermo A. Sanchez-Badia of Miami pleaded guilty for his role to defraud two commercial lenders and the U.S. Export-Import Bank out of more than $11 million.
UPS: Some ocean carriers concluding negotiations early this year
Keith Andrey, VP of global freight forwarding for UPS, says carriers are also more interested in offering intermodal pricing this year in order to secure cargo volumes in a historically low rate environment.