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IATA: Airline industry shows mixed financial progress

Growth in the passenger transportation segment is outpacing that of air cargo volumes, which expanded just 2.2 percent in 2015 compared to 5 percent in 2014, according to Tony Tyler, director general of the International Air Transport Association.

Shipping NewsPosted on: February 22, 2016

U.S., Laos aim to strengthen trade ties

The United States and Laos entered a bilateral Trade and Investment Framework Agreement, which establishes a forum for the two countries to discuss trade and investment issues.

Shipping NewsPosted on: February 22, 2016

Port of Tauranga container throughput surges 10.4%

The New Zealand port handled 470,928 TEUs during the first half of the 2016 financial year ending Dec. 31, a 10.4 percent year-over-year increase.

Shipping NewsPosted on: February 22, 2016

First of “K” Line’s new ro-ro ships launched

Capable of carrying 7,500 cars, the Japanese ocean carrier’s new roll-on/roll-off vessel, “Drive Green Highway,” features energy saving technology including solar panels.

Shipping NewsPosted on: February 22, 2016

Algoma Central posts decline in earnings, revenues

The Canadian shipping company reported net earnings from continuing operations of $21.1 million for the full year of 2015 on revenues of $413.5 million, year-over-year drops of 57 percent and 12.7 percent, respectively.

Shipping NewsPosted on: February 22, 2016

HKIA reports 1.5% bump in January cargo throughput

The airport handled 361,000 metric tons of cargo in January, a 1.5 percent year-over-year increase.

Shipping NewsPosted on: February 22, 2016

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

Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and MOL announced general rate increases.

Shipping NewsPosted on: February 22, 2016

Radiant Logistics posts Q2 loss despite nearly doubling revenues

The Bellevue, Wash.-based third-party logistics provider reported a $2.5 million loss in its second fiscal quarter, ended Dec. 31, 2015, despite revenues soaring 95.3 percent year-over-year to $207.0 million.

Shipping NewsPosted on: February 22, 2016

Three UK ports to offer container weighing service

Terminals at the ports of Felixstowe, Southampton and London Gateway in the United Kingdom will offer the service in advance of the SOLAS verified gross mass requirement due to be implemented July 1, 2016.

Shipping NewsPosted on: February 22, 2016

U.S. Class I railway employment drops 9% in January

Major freight railroads in the United States employed 156,602 workers as of the middle of January, down from 160,795 the previous month and 171,476 in January, 2015, according to data from the Surface Transportation Board.

Shipping NewsPosted on: February 22, 2016

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