Ocean carrier Mediterranean Shipping Company will launch a new loop between Asia and the Red Sea Feb. 12.
Executive Moves: Allport Cargo Services USA, Suttons Group, Röhlig, and Avianca
3PL veteran starts Allport Cargo Services USA and Suttons Group names new chairman, while Röhlig names Germany ocean cargo manager and Avianca picks interim CEO.
China Shipping projects $426m operating loss for 2015
Decelerating demand growth, and continuing expansion of new shipping capacity led to new lows for freight rates on mainstream shipping routes, according to a profit warning from ocean carrier CSCL.
TraPac may lease portion of Oakland’s Outer Harbor Terminals
The Port of Oakland has indicated officials are negotiating with TraPac, but said its other terminals will handle former OHT cargo and expects no diversion as a result of decision by TIL and Ports America to end operations at the port.
OOCL revenues drop despite increased volumes in Q4 2015
The Hong Kong-based ocean carrier Orient Overseas Container Line said its overall revenue per TEU in the fourth quarter of 2015 fell 17.3 percent compare to the same quarter a year ago.
CP to cut 1,000 jobs, change strategy in NS bid
Canadian Pacific Railway Ltd. CEO E. Hunter Harrison said yesterday the workforce reduction will come from all areas of the company as slumping cargo volumes caused a 29 percent decline in fourth quarter profits.
Commentary: Visualizing Big Data
As the amount of data being produced and consumed by supply chains grows exponentially, having tools to visualize that data is crucial.
Spot container rates decline for third straight week
Rates from Shanghai to Northwest Europe, the Mediterranean and the United States have all fallen in each of the past three consecutive weeks.
Container cargo grows 10% at Port of Charleston
The South Carolina Ports Authority is also investing in 120 more reefer racks at its Wando Welch Terminal.
J.B. Hunt beats Q4 2015 earnings expectations
The intermodal and trucking specialist posted a fourth quarter 2015 profit of $116.7 million and earnings per share of $1.01, surpassing analyst projections of $0.99 per share.