The new facility along the Congo River will serve the container and general cargo shipping sectors, according to a statement from port terminal operator International Container Terminal Services Inc.
Panama Canal ‘inauguration’ still expected in Q2 2016
The expansion of the important Central American cargo gateway to accommodate larger containerships is 96 percent complete, according to the CEO of the Panama Canal Authority.
Norfolk Southern profits fall along with freight volumes
The number four U.S. railway reported net income fell 29.4 percent as revenues dropped 12 percent from the prior year on lower coal, intermodal and general merchandise volumes in fourth quarter.
Broker association urges slowdown in ACE roll out
Importers, brokers and Customs are behind on software integration and testing of CBP’s Automated Commercial Environment and the Feb. 28 deadline for filing entries needs to be postponed to avoid cargo delays in ports, according to the NCBFAA.
CMA CGM increases presence at Reunion Island
The French ocean carrier has doubled the size of its offices on Reunion Island, and plans to make the overseas French department its hub in the Indian Ocean.
Lingering ice, snow hamper freight movement in several states
The recovery from Winter Storm Jonas, which has already claimed the lives of at least 48 people, is slow and transportation networks are operating at limited capacity.
Swift boosts profits despite challenging market
Trucking and intermodal carrier Swift Transportation held onto profit gains in the fourth quarter and calendar year 2015 even though volumes were down slightly and fuel surcharges were virtually eliminated.
Report: Kerry Logistics plans to buy U.S. forwarder
The Hong Kong-based third-party logistics provider told analysts on a conference call it plans to acquire a 51 percent stake in an unnamed U.S. freight forwarder within two months, according to a report from the Jefferies Group.
EUROGATE throughput falls 2% in 2015
The container terminal operator handled 14.5 million TEUs at its terminals in 2015, a 2 percent decline from 2014.
HAROPA volumes jump 2.4% in 2015
The Northern European port system that comprises the Port of Le Havre, the Port of Rouen and the Port of Paris, handled 91.4 million tons of cargo in 2015, a 2.4 percent increase from 2014.