Christmas came late for some FedEx customers this year as the company scrambled to handle inclement weather in the Midwestern United States and record e-commerce orders.
Chinese regulators fine shipping companies in two separate cases
Some fines are targeting roll-on/roll-off firms for alleged price fixing in the transportation of automobiles, while others are aimed at container companies for reported issues with tariff filing.
Spot container rates rise 1.4%
Container rates from Shanghai to Northwest Europe and the Mediterranean inched up last Friday compared to the Dec. 18 reading, while rates to the United States remained flat.
European Shippers call for harmonization of container weight regulation
The European Shippers’ Council says shippers want to know how to practically work with guidelines put in place by new International Maritime Organization regulations regarding container weights, which go into effect next July.
Commerce downgrades U.S. Q3 GDP projection
United States gross domestic product expanded at an annualized rate of 2.0 percent in the third quarter of 2015, according to the third estimate from the Department of Commerce’s Bureau of Economic Analysis.
Crowley acquires second LNG-ready, Jones Act product tanker
The U.S.-owned and operated marine solutions, transportation and logistics company took delivery of the second of the four LNG-ready, Jones Act product tankers from Philly Shipyard, Inc. last week.
Report: Dutch shippers fear cargo monopolies
In an annual survey conducted by the Rotterdam School of Management at Erasmus University, shippers from the Netherlands ranked “reliability of booking” as the most important service concern.
China pumps up U.S. ethanol exports
The U.S. Department of Agriculture said the United States in October exported more ethanol to China than in the previous 10 years combined.
Hactl sets new cargo records
The cargo handling agent in Hong Kong handled 2,242 full freighters in November, an increase from the previous monthly record of 2,232 full freighters set in November 2014.
KOSPA Limited opens new storage facility in Yangon
The refrigerated trucking specialist opened a $5 million multi-temperature storage facility in Yangon, Myanmar.