Spot container rates increased on trades from Shanghai to the United States, Europe and the Mediterranean since last week, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
Port of Oakland to establish drayage traffic management plan
The port and City of Oakland say they anticipate issuing the so-called “West Oakland Truck Management Plan,” which aims to address truck traffic problems in the area, by the fall of 2018.
C.H. Robinson earnings drop 7% in Q3 2017
The third-party logistics provider saw its net profits drop despite revenues increasing 12.8 percent as it absorbed debt and expenses from recent acquisitions.
Crowley to offer new U.S.-Central America service in November
The Florida-based shipping and logistics company will launch its new Northern Service for cargoes between the Port of Wilmington, Guatemala and Honduras this month.
Ports of Auckland issues 30-Year Master Plan despite criticisms
Despite a lack of support from the country’s new prime minister, infrastructure upgrades will be undertaken at the Port of Auckland even as port authorities search for a viable new home for the New Zealand port.
YRC’s Q3 profits crash
Less-than-truckload (LTL) holding company YRC Worldwide Inc.’s net income tumbled 78 percent from the third quarter of 2016, although the company did manage to boost revenues and lower its outstanding debt.
NVOCC alliance expands service offerings to Peru, Ecuador
Non-vessel operating common carriers (NVOCC) CaroTrans and Craft Group now offer joint direct container services to the West Coast of South America in addition to their established service offerings to the East Coast of South America.
Executive Moves: Maersk Container Industry, Glander International Bunkering and Gebrüder Weiss
Maersk Container Industry selects new chief executive officer; Glander International Bunkering appoints managing director of its Norway office; and Gebrüder Weiss names country manager, air and sea Germany.
AlixPartners: Container industry trends creating new challenges for port terminals
Carrier consolidation and the deployment of larger containerships, coupled with lagging infrastructure has created significant issues for North American terminals, according to a new report from consulting firm AlixPartners.